How to Open a Demat Account on Shoonya?

To open a demat account on Shoonya, you can either download the Shoonya app from the Play Store/Apple Store, or you can directly visit PRISM.

Watch the video How to open an account online here:

Here are the steps to open demat account on Shoonya -

Step 1: Enter your mobile number and continue.

Step 2: Verify your mobile number with the OTP received on your phone.

Step 3: Enter your email address and then verify your email by entering the OTP received in your email.

Step 4: Now, you will be asked to enter additional details such as your occupation, annual income, trading experience, etc.

Step 5: Next, verify your documents with DigiLocker.

Step 6: Enter your Aadhaar card number, enter the captcha, and then click on Next.

Step 7: Enter the OTP received from Aadhaar and continue.

Step 8: Enter your DigiLocker security PIN and continue.

Step 9: Next, you must enter your personal details, such as marital status, father's name and mother's name 

Step 10: Now, you shall be asked to take a selfie. Allow the app to use the camera and follow the instructions.

Step 11: Add a signature from a file stored on your phone or draw one in the box provided and move ahead.

Step 12: Now, you must choose the trading segments you wish to activate — Equity, Mutual Funds, Derivatives, Commodity Derivatives (MCX). 

You can choose all.

Step 13: Now you have to verify your bank account by selecting one of the following: Verify with UPI, Add bank details manually, or Submit a cancelled cheque.

For e.g., if verifying with UPI, ₹1 will be debited; supported apps include PhonePe, Paytm, Google Pay, Cred, etc. 

Click on your UPI app to allow auto-deduction, and once your bank details are fetched, confirm them or try again if required.

Step 14: Add a nominee for your safety before you proceed. You can do this later as well.

Step 15: Read and e-sign your account opening form.

Step 16: Scroll to the end on the next screen and enter your Aadhaar number. Click on ‘I agree to the terms and conditions’ and request an OTP.

Step 17: Validate the OTP to proceed.

Step 18: Your documents have been submitted for verification.

Step 19:Complete income verification if you have selected trading in F&O and commodities.

Step 20: Using an Account Aggregator, your bank statement will be fetched. You can also use the manual upload option for financial proof. 

Step 21: Verify your mobile number with the OTP received on your phone.

Step 22: The process is complete. Your account will be opened shortly, and you will receive the credentials on your registered email ID.

If you have any queries, please contact our Sales team:
LiveChat: https://www.shoonya.com
New Account Assistance- 82888-26999
Email: invest@shoonya.com