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Getting Started

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Getting Started

How can I open a HUF account at Firstock?

HUF accounts must be opened offline. Regardless of the KYC status of the company or its directors, all KYC documents are required when opening the account.

Required Documents

Account Opening Forms

  • Non-Individual Application Form
  • FATCA
  • Declaration for Ultimate Beneficial Owner (UBO)
  • KYC & CKYC Individual
  • DDPI

 PAN Copies

  • HUF PAN Card (HUF’s seal & Karta’s sign)
  • Coparcener (self-attested)

Photographs

Two passport-size photos Karta & Coparcener.

Address Proof

For the HUF with HUF’s seal & Karta’s sign:

Any one of the following which is in HUF's Name:

  • Latest 3 Months Bank Statement
  • Latest Utility Bill

For Coparcener :

  • Aadhaar card (Self-Attested)

Financial Documents for F&O Trading
Any one of the following:

  • Last two years’ Income Tax Returns (ITR) and Balance Sheets
  • Recent 6 months bank statement of HUF bank account Or Karta’s bank statement along with declaration

Bank Account Proof
Any one of the following:

  • Cancelled cheque or passbook front page or statement with complete account number and IFSC code of the HUF’s bank account.

 Additional Documents for NRI Directors

  • PAN Copy – Self-attested & notarised
  • Address Proof – Self-attested & notarised Indian & overseas address proof
  • Passport & Visa:
    • Indian Passport Holders: Self-attested & notarised passport + VISA page
    • Foreign Passport Holders: PIO/OCI card or Resident Card
  • FATCA Declaration – Signed
  • FEMA - Signed

 In-Person Verification (IPV)

  • As per SEBI regulations, In-Person Verification (IPV) is mandatory. It can be completed via a video call using Google Meet, or by visiting the Firstock office in person.

 Important Notes

  • One-Person Companies (OPCs) are not eligible to open trading accounts
  • Nominees cannot be added to non-individual accounts, as per CDSL guidelines

For queries or support, please reach out to Firstock Support or visit Firstock’s website.

No. The mobile number and email ID registered for a HUF trading and demat account must be different from those registered for an individual trading and demat account.
No, siblings alone cannot form a Hindu Undivided Family (HUF). An HUF is typically formed by a family with a common ancestor, usually with the father as the Karta (head of the HUF).
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