How to Open a Fyers Demat Account?

If you want to invest in shares, mutual funds, or trade in the stock market, you need a Demat account. A Fyers Demat account works like a digital locker where your shares are stored safely. In this blog, you’ll learn how to open a Fyers Demat account.

Documents Needed to Open a Fyers Demat Account

Document	Why Needed?
PAN card	Mandatory for identity
Aadhaar card	For the address and e-sign
Bank proof	To link your bank account
Selfie	Photo identity
Signature on white paper	For records
Income proof (only for F&O trading)	Salary slip, ITR, or bank statement

Who Can Open a Fyers Demat Account?

• Any Indian citizen who is 18 years or older
• You must have a valid PAN card and a bank account in your name
• NRIs can also open a Fyers Demat account (but extra documents like PIS permission from the bank will be needed)

Steps to Open the Fyer Demat Account

You don’t need to visit any office. You can open your Fyers account from your phone or computer. Here are the steps to open the Fyers demat account:

1. Open the Fyers app.

2. Tap on “Get started”.

3. Tap on the “Continue” button.

4. Click on your preferred “language” and then tap on the “Continue” button.

5. Enter your “mobile number”, click on the “Continue” button, and then tap on the “Sign up” button.

6. Enter the “OTP”.

7. Choose your account type, such as “Demat account,” and then tap on the “Continue” button.

8. Add your email address, then tap on the continue button.

9. Enter the “OTP”.

10. Enter the “PAN number”, tap on the “verify” button, and then enter the “date of birth”, and then tap the “continue” button.

11. A confirmation message will pop up, tap on the “Continue” button.

12. Now link your bank account by paying INR 1.

13. Enter all your “Bank & Segments” details and then tap on the “Continue” button.

14. Enter all your “Additional Information” details, tick the box, and then tap on the “Continue” button.

15. Now choose “Nomination & Declaration”, then tap on the “Continue” button.

16. Done your “Live Verification” and then tap on the “Continue” button.

17. Now, “Review your Details” and tap on the “Proceed to e-sign” button.

18. Tap on the proceed button.

19. Enter your “Aadhaar card number”, and tap on “Get OTP”.

20. Enter your “OTP” and tap on “verify OTP”.

21. Now choose “your trading experience”, and tap on the “confirm”.

22. Now tap on the “Explore Fyers App”.

23. Tap on the “I understand”.

25. Done with the opening Fyer demat account.

Tips to Avoid Problems While Opening a Fyers Demat Account

• Upload clear and sharp documents: No blurry photos. Use a scanner app or good lighting when clicking pictures.
• PAN and Aadhaar details must match: Your name, date of birth, and other details should be the same on both.
• Keep your Aadhaar-linked mobile number ready: You’ll need it for OTP during e-sign.
• Upload your own bank proof: The bank statement or cheque should be in your name.
• Sign clearly on plain white paper: No ruled paper or scribbles.

Also Check: How To Add Funds in Fyers?

Conclusion

In conclusion, opening a Fyers demat account is a quick and easy way to open, as it enables you to begin your trading journey hassle-free. This platform is a user-friendly platform, which makes for an excellent choice for both beginners and expert investors. We hope our blog on how to open a Fyers Demat account is helpful.