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Getting Started

Resident Individual

A Resident Individual refers to a person residing in India who meets the residency criteria defined under the Income Tax Act for taxation purposes. Generally, this applies to individuals who stay in India for at least 182 days within a financial year or satisfy other specific conditions outlined in Indian tax regulations.

Resident Individuals can open trading and demat accounts in their name to invest in equities, derivatives, mutual funds, and other financial instruments.

How to Open a Firstock Account

You can open your Firstock account through two methods:

1. Online Process

This quick, paperless procedure uses your Aadhaar-linked mobile number. Everything, including document uploads, taking your photo, and e-signatures, can be done from your phone or computer.

2. Offline Process

This manual method involves filling out physical forms, attaching required documents, and sending them via courier to Firstock. You will also need to complete a short video verification or undergo in-person authentication.

Required Documents

1. PAN Card

  • Purpose: Mandatory identification for financial transactions; links transactions to the Income Tax Department.

2. Signature

  • Purpose: Verification and authentication of documents and agreements.

3. Passport-Size Photograph (Signed Across)

  • Purpose: Visual identification, particularly required for offline applications.

4. Self-Attested Address Proof

  • Purpose: Residential address verification as part of KYC compliance.
  • Accepted Documents:
    • Driving License
    • Voter ID
    • Passport
    • Masked Aadhaar (only the last 4 digits visible)

5. Income Proof (For F&O Trading only)

  • Purpose: SEBI requires proof of financial stability for derivative trading (F&O) to ensure clients can manage associated risks.
  • Accepted Documents (any one):
    • Last 6-month bank statement showing an average balance of ₹10,000+
    • Last 3-month salary slips indicating ₹15,000+ monthly income
    • ITR Acknowledgement or Form 16 reflecting ₹1.2 lakh+ annual income
    • Demat Holding Statement with securities valued at ₹10,000+

6. Required Forms

  • Equity Trading and Demat Account Form
  • DDPI (optional)
  • KYC & CKYC Forms

Charges

Here's a clear breakdown of charges associated with opening and maintaining an account at Firstock:

  • Account Opening: ₹0 (Free for both online and offline methods)
  • Account Maintenance Charges (AMC): ₹0 (No AMC)

Brokerage Fees:

  • Equity Delivery: ₹0
  • Equity Intraday: 0.03% or ₹20 per executed order (whichever is lower)
  • Equity Futures: 0.03% or ₹20 per executed order (whichever is lower)
  • Equity Options: ₹20 per order
No, you do not need to send any physical documents if you open your Firstock account online. The entire process is digital.
Your Firstock trading and demat account will be opened within 10 minutes, provided your KYC is verified and all submitted documents are correct
Yes. You can open a Firstock Demat and Trading account without income proof if you want to invest or trade in the Equity segment. Income proof is required only if you want to activate the F&O (Futures & Options) segment.
No. You do not need to restart the application. Sign in using your registered mobile number and OTP. You will be redirected to the section where your application was stopped. Check the rejection reason, make the required changes, and resubmit your application.
Yes, we support sole proprietorship accounts for individuals running their own business. To ensure a smooth onboarding experience, please keep the following documents ready before starting the process:
  • Individual PAN Card
  • Aadhaar Card
  • Sole proprietorship bank account details
  • A proprietor registration certificate or A confirmation letter from your bank
A Politically Exposed Person (PEP) is someone who currently holds, or has recently held, a prominent public function or political position. This classification is important for regulatory and compliance purposes when opening or maintaining a demat or trading account.
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