How do I open a joint demat account at Firstock?

You can open only one trading and one demat account per PAN with Firstock. If you want to open a joint demat account (with up to three holders), it must be done offline.

Documents that you will require

• Joint Demat account application form (PDF)
• KYC form – Each account holder must fill and self-attest a separate KYC form
• DDPI form (Optional) – Submit this to allow automatic debit of shares when you sell. If not, you have to authorize each sale using your CDSL TPIN.
• Passport-size photos of all the joint holders – Paste it on the resident individual application form and KYC & CKYC Form, and sign across it.
• Self-attested PAN card copy of all the joint holders
• Self-attested address proof of all the joint holders – Any one of the following:
  • Aadhaar card (submit a masked Aadhaar)
  • Driving License
  • Voter ID
  • Passport

Note: The primary holder’s address will be used for all communication.

• Bank account proof – Can be a joint account or in the primary holder’s name. Submit any one of the following:
  • A personalized cancelled cheque
  • A bank statement with logo and seal
  • A passbook copy showing name, account details, MICR, and IFSC
• Income proof (Only needed if you want to trade in F&O) – Submit any one of the following (self-attested):
  • Last 6-month bank statement with average balance over ₹10,000
  • Last 3 months’ salary slips showing gross monthly income over ₹15,000
  • Recent ITR acknowledgment with gross annual income over ₹1,20,000
  • Form 16 with gross annual income over ₹1,20,000
  • Latest on month Demat holding statement showing holdings worth more than ₹10,000

Step-by-step registration process

1. Start registration

• Step 1: Download all the required forms from https://www.firstock.in/download_forms.html.
• Step 2: Print the forms and sign them physically.

Note: Digital signatures are not accepted.

2. Submit the documents

• Step 1: Email scanned copies of all documents to sales@firstock.in for initial review.
• Step 2: Once reviewed and approved, courier the physical copies to:

FIRSTOCK, No 350, 1st floor, 36th A Cross, 7th Main Rd, 5th Block, Jayanagar, Bengaluru, Karnataka 560041.

3. Complete the in-person verification (IPV)

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

If you have any questions, reach out to our sales representatives at 080-46702020 (Monday to Friday: 9:00 AM – 6:00 PM, Saturday: 10:30 AM – 5:00 PM) or email us at sales@firstock.in.