Open Free Fyers Demat Account 2024

Fyers offers a 100% online, paperless and instant account opening process through the Fyers Web and Fyers App platform.
Steps to open a Fyers Demat account online;

• Click on "Open Account".
• Enter mobile number, email and enter OTP to complete the registration with Fyers.
• Enter card number PAN and DOB.
• Enter personal information (name, gender, etc.) and address information.
• Select your preferred trading segment(s), e.g. equities, F&O, commodities, currencies or MF.
• Add your bank account details.
• Complete Aadhar-based e-signature process.Upload all the required documents.
• After verification, Fyers Demat account login details will be emailed to you.

If you have opened Demat and trading account with another broker or no more engaged in trading activities, then you should consider the permanent closure of Fyers account. Although Fyers offers a Zero AMC trading account but charges Rs. 300 Demat AMC, thus, closing Fyers account will save the chargeable demat AMC fee. The broker doesn't allow an online account closure process and facilitates an only offline process to close Fyers trading and demat account.

Steps to close Fyers Account;

1. Visit the Fyers official website.
2. Under the “Support” tab, click on the “Downloads” option.
3. Here, both the Fyers Trading Account Closure Form and FyersDemat Account Closure Form will be available.
4. Download and print the relevant form or both.
5. Fill the form, sign it, and send it to the Fyers Securities Bangalore Head office.

Important points before account closure

• Clear all pending dues.
• Transfer Fyers trading account balance to your bank account.
• Sell/encash your holdings or transfer them to another demat account.

If you want to change or update your registered mobile number/E-mail/address with Fyers, then you have to follow the mentioned process:

Steps to change/update registered mobile number/E-mail/Address:

• Visit Fyers website: https://fyers.in/
• Under the support tab, you will find downloads, click on Account Modification and download the relevant form (Mobile number change form, E-mail change form & registered address change form)
• Fill required details with signature
• Send it to company’s address: No. 77, Nandidurga Cross Road (Anjaneya Temple Cross), Jayamahal, Bangalore – 560046

• Download Mobile Number Change Form

• Download E-mail Change Form

• Download Address Change Form

No, Fyers offers 100% paperless and online account opening and doesn’t require to submit Demat POA. Fyersbeing a CDSL depository participant has recently (Nov 2020) introduced E-DIS (Electronic Delivery Instruction Slip) mechanism to digitally authorize the DP to debit shares from the demat account directly. With the introduction of E-DIS, anyone can open Fyers demat account without a POA.

Yes, you can open Fyers demat account without POA (Power of Attorney). Earlier, the demat POA was required to debit or sell shares from the Fyers demat account means for delivery trading but now, post-E-DIS mechanism by CDSL, customers can digitally authorize the DP to debit shares directly without a physical POA.

Steps to sell shares through Fyers account without POA

• Login to your Fyersdemat account.
• Place a sell order using CNC as a product type.
• A Pop-up window will appear to authorize CDSL DP to execute the sell order.
• Click on “Yes” and it will direct you towards the CDSL authorization page.
• Enter the TPIN, if you forgot then click on the “Forgot CDSL TPIN” and it will be sent to your registered e-mail ID and mobile number.
• Enter TPIN on the e-DIS transaction verification page and press the "Verify" button.
• A successful e-DIS confirmation message will appear means now, you can directly place the CNC sell orders.

Steps to get Fyers account opening form:

• Visit to the official website of Fyers Securities.
• Under the “Support” tab, click on the “Downloads” option.
• Here, click on the “Account Opening Form – Individual” option.

Download Fyers Account Opening Form

Opening an online account with Fyers is an instant process and once the broker receives the digitally signed account opening form and all the documents are verified then Fyers account will get activated within 24 hours. Once activated, Fyers account login credentials including Unique Client Code (UCC) and password will be provided to you on your registered e-mail. If in case, you still didn’t received the AOF then just call at 91-8046251111 or 91-9591821111 to know the status.

No, it is mandatory to open Fyers demat cum trading account together so that any security purchased through the trading account can be safely keep in the Fyers Demat Account. Prior to Oct 2019, the broker had tie-up with IL&FS to offer demat account but the collaboration will no longer remains in force so now customers have to switch to Fyers demat account before 16 Jan 2021 to avail demat account facilities with Fyers.

Fyers offers easy trading account login process to start trading and investment across segments as per your choice.

Steps to login to Fyers Trading Account;

1. Access any of the Fyers trading platforms.
2. Enter Fyers client ID, password, and PAN or DOB.
3. Click on the “Submit” button to login to your account.

Yes, Fyers offer Free Demat and Trading AMC. In this case your account opening with Fyers is completely Free.

Yes, UCC (Unique Client Code) or Client ID is a unique number generated via Fyers Account opening team. This is the last and final step of Fyers account opening process. Once you receive UCC, you can log in to your trading account and start your investment journey.

To operate your FYERS demat account, you can give a POA to your broker to credit and debit securities in and out of your demat account.

As a user you have 2 options:

• Submit your POA request with a broker- which is an offline process. You need to download the POA application form, sign it, and send a physical copy to Fyers Corporate office address. Once the account team receives this request, it will take 7 working days to activate this process.
• Second option - You can use an online process which is EDIS (Electronic Delivery Instruction Slip). In this process, you will generate 6 digit TIPN on the CDSL website [One time]. Whenever you sell your holdings, you need to authorize the request on the CDSL platform via TPIN.

It's completely up to you, how you wish to operate your demat account. FYERS as a broker prefers users to use the second option so the company doesn't have any liability of your demat holdings.

Fyers Instant Account

Fyers India's leading discount broker offering one of the best technological trading platforms. The broker has put lots of focus on building user friendly and easy to use platform and app.

On brokerage and charges Fyers is in line with its closest competitors - Zerodha and Upstox.

On Services, Fyers is offering a full range of trading product (Equity, Currency and Commodity) and Direct Mutual Fund investment on one platform. One can apply online IPO Application via Fyers platform.

Final note - Fyers is offering complete service, best price and user friendly trading app with a discount brokerage plan.

Fyers Instant Account

Demat AMC is Annual Maintenance Charge to manage your Fyers Demat account. Fyers offer free Demat AMC.

Fyers Instant Account

At present, the facility to add 3 Banks with a single Demat is available at FYERS. Making one as PRIMARY. Other banks will mark as secondary banks.

To add secondary banks for an existing Demat account, the User needs to fill out the secondary bank account addition form. The secondary form will then attach along with bank proofs such as the Cancelled Cheque book, and 1-month transaction passbook to [email protected]. After submitting details, a Unique token will be generated on user's email ID to track the process.

Fyers Instant Account

Since Fyers had already tie-up with almost every National Bank, though users sometimes need to change their primary linked Bank account with a trading account. The process of Change Bank Details needs to submit a physical form. The form is available on Fyers Website >> Bank Account Change Form Link.

One need to fill the form with true data and attaching proof of the desired account cancelled cheque scanned copy, 1 month bank statement, and latest passbook statement.

Request need to submit at [email protected]. It will approximately takes 5 working days for bank details update in backend.

Yes. As per SEBI’s latest guidelines, Nomination and Declaration is mandatory for all the users on or before 31^st March 2023. At Fyers following steps you need to perform:

• Go to the My Account portal. Select 'Online Nomination', and click on 'Proceed to Submit' (If you do not get a pop-up, you can go to the Account Details to update the nominee).
• Select the option ‘I wish to Nominate’
• Enter all the required details along with true identification proof. (Max 3 nomination as applicable). Enter submit after filling all the fields.
• On submitting, the E-digio sign screen will come. Click ‘Always Allow’ and ‘Done’ if missing the e sign pop up.
• Click on ‘Proceed to E sign’ and complete the procedure via Aadhar OTP.
• Nomination details will update Within 7 working days.