Fyers Demat Account Charges, Review, Opening

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Fyers offers a demat account through its depository participant (DP) membership with CDSL since 2019. Fyers demat account is part of its 2-in-1 account offering. The 2-in-1 account includes a trading and a demat account, linked together for seamless transactions between them.

Fyers demat account can be managed online through its online trading platform and back-office software.


Fyers CDSL DP ID: 89400


Incorporated in 2015, Bengaluru based Fyers Securities is an online brokerage company. The company is a member of NSE, SEBI, and MCX. It offers trading services across various asset classes including stocks, derivatives, and currencies. Fyers is popular among traders for its flat fee brokerage plan. It also offers a free trading account to its customers.

Fyers Trading Platform is its most popular offering of Fyers. It is built in-house by the team of Fyers engineers. It is one of the best trading platforms. It is offered free of cost to all the customers.

Fyers brokerage plan is simple and low-cost. It offers brokerage free equity delivery trading and charges maximum flat Rs 20 per trade brokerage irrespective of the size for intraday and F&O segments at BSE, NSE, and MCX.

Benefits of Fyers Demat Account

  • Fast 100% paperless online account opening process.
  • Corporate benefits like dividends, bonus, interest, etc directly deposited in your demat.
  • Manage your demat account online.
  • Get periodic statements of holdings.
  • Access to transaction history for taxation.
  • Facility to freeze and unfreeze account on customer's instruction

Fyers Demat Account Opening Charges

To open a new Demat account with Fyers, the customer may have to pay Demat account opening charges. The broker may also charges Annual Maintenance Charges (AMC), a yearly fee to maintain the Demat account.

Demat Account Opening FeeRs 0 (Free)
Demat Account Annual Charges (AMC)Rs 300
Special Offer: Invest brokerage-free Equity Delivery and Direct Mutual Funds (Zero brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open FREE Demat Account online with Fyers and start trading today.

Fyers Demat Charges

Demat Charges HeadCharges
Account Opening ChargesRs 400
Annual Maintenance ChargesRs 300
Credit Charges (Buy Receive)Nil
Debit Charges (Sell)Rs 10 + Rs 5.50 (CDSL Charges)
Pledge RequestRs 50 + Rs 12 per scrip (CDSL Charges)
Unpledge RequestRs 50 + Rs 12 per scrip (CDSL Charges)
Pledge InvocationRs 50
Dematerialization ChargesRs 100 per certificate
Rematerialization ChargesRs 100 per certificate + CDSL Charges)
Conversion of MF Units / DestatementisationRs 100 per certificate
Reconversion of MF units in to SOA or Redemption/Restatmentisation Per SOARs 100 per certificate + CDSL Charges)
Failed / Rejected TransactionsNil
Periodic StatementNil charges by Email. Rs 50 + courier charges at actuals for physical statements
Adhoc / Non Periodic Statement RequestsNil
Additional Delivery Instruction Book (5 leaves)Rs 100 + courier charges at actuals
Modification in Client Master List (CML)Rs 50
Modification in KRA / DownloadRs 50
Stamp ChargesRs 50
Fyers Special Offer

Free Equity Delivery Trading and Mutual Funds

  • Brokerage-free Equity Delivery. Flat Rs 20 per trade for Intraday & F&O.
  • Brokerage-free Direct Mutual Fund investment.
  • Trade with one of the best trading platforms in India.

This is a limited-time offer. Open FREE Fyers Account online and start trading today.

Frequently Asked Questions

  1. 1. How to open demat account in Fyers?

    Fyers offers a paperless instant account opening if your Aadhar is linked to your current phone number for OTP verification. This online account opening allows you to open an account and start trading in just a day.


    Keep scanned copies of the following documents before you start filling the account opening form.

    • PAN Card
    • Address Proof: Passport / Voter ID / Ration Card / Driving License / Lease Agreement / Driving License
    • Cancelled bank cheque with your name.
    • Income Proof (for F&O trading only): Bank statement for the last 6 months

    Steps to open Fyers Demat Account

    • Visit the Fyers website
    • Click on 'Open An Account' tab
    • Enter phone no, email and name
    • Click on 'Generate OTP'
    • Verify OTP and follow the process

    Once you submit the online application, it will take up to 24 hrs for the Fyers team to verify and open your account. You will receive a welcome email once the account is activated.



  2. 2. Can I open a trading account without a demat account with Fyers?

    Yes, you can open only a trading account with Fyers. It is not necessary to open a demat account with Fyers while opening a trading account.



  3. 3. Can I link my existing demat account with Fyers trading account?

    Yes, you can link your existing demat account with the new trading account of Fyers.



  4. 4. Fyers CDSL or NSDL?

    Fyers is a Depository Participant (DP) of CDSL with DP ID as 89400. Check Fyers Securities CDSL Membership detail.

    CDSL (Central Depository Services Limited) and NSDL (National Depository Services Limited) are 2 central depositories in India to manage your demat account.

    Stock Brokers like Fyers play the role of intermediary between the customers and the central depository.

    Note: Before taking the membership of CDSL, Fyers had a partnership with IL&FS for demat account services. IL&FS has both CDSL and NSDL membership.



Fyers Competitors Review

Information on this page was last updated on Tuesday, December 22, 2020


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