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Account Opening
Account Opening
- What are the steps involved to open a Trading Account - Physical form
- How do I add the new Segment/Exchange to my existing Trading Account?
- How many bank accounts can I add to my trading account?
- What is the procedure to open a HUF account?
- How do I change my registered address in my trading account?
- Which bank accounts are linked to my account?
- Why has the application been rejected?
- How much time does it take to open an account online?
- Why is income proof mandatory for F&O trading?
- Why was my signature rejected?
- What is the procedure to open a Partnership account?
- How do I open a ZEBU Trading Account?
- How do I change my Bank account or Add another bank in my trading account?
Why is income proof mandatory for F&O trading?
As per the regulatory requirement, if a person is trading futures and options, then, he or she has to produce income proof. Futures and options are leveraged derivative products and not an appropriate avenue for someone with limited resources/limited investment and low-risk tolerance. Hence, exchanges guide brokers to ensure that one has sufficient income or financial conditions, to be able to trade on high-risk products like F & O. The following documents are accepted as income proof: Latest 6 Months Bank Statement, Latest ITR copy, latest 3-month salary slip or DP holding statement as on date.
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