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Getting Started

Resident Individual

A Resident Individual is a person who resides in India and meets the criteria set under the Income Tax Act to be classified as a resident for tax purposes. Typically, this includes individuals who have stayed in India for 182 days or more during a financial year or satisfy other conditions laid out under Indian tax laws.

Resident individuals are eligible to open trading and demat accounts in their own name to invest in equities, derivatives, mutual funds, and other financial instruments.

You can open a Firstock account in two ways:

1. Online – A quick and paperless process using your Aadhaar-linked mobile number. You can complete everything from your phone or computer, including uploading documents, taking a photo, and e-signing.

2. Offline – A manual process where you fill out forms, attach your documents, and send them to Firstock by courier. Additionally, you will need to complete a short video verification or an in-person authentication.

Documents that you will require

1. PAN Card

  • Why Required: Mandatory for all financial transactions in India; used to verify identity and link transactions with the Income Tax Department.

2. Signature

  • Why Required: Needed for verification purposes and to authenticate documents and agreements.

3. Passport-Size Photograph (Signed Across)

  • Why Required: Used for visual identification and must be affixed to the physical application form in offline processes.

4. Self-Attested Address Proof

  • Why Required: To confirm residential address as part of KYC norms.
  • You can submit any one of the following:
    • Driving License
    • Voter ID
    • Passport
    • Masked Aadhaar (with only the last 4 digits visible for privacy)

5. Income Proof (Only for F&O Trading)

  • Why Required: SEBI mandates proof of financial stability for trading in derivatives (F&O), to ensure the client can bear the potential risks.
  • Submit any one of the following to prove financial eligibility:
    • Last 6-month Bank Statement (₹10,000+ average balance)
    • Last 3-month Salary Slip (₹15,000+ monthly income)
    • ITR Acknowledgement/Form 16 (₹1.2L+ annual income)
    • Demat Holding Statement (₹10,000+ in securities)

6. Required Forms

Charges

This section outlines all applicable charges related to 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
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Firstock Broking Pvt Ltd

  • No 350,1st Floor, 36th A Cross 7th Main Rd 5th Block Jayanagar, Bengaluru, KA 560041.
  • NSE​ &​ BSE – SEBI Registration No.: INZ000260334
  • CDSL: Depository services – SEBI Registration No.: IN-DP-67-2015 Mutual Fund ARN: 132812

    • For any complaints pertaining to securities broking please write to complaints@firstock.in for DP related to depository@firstock.in Please ensure you carefully read the Risk Disclosure Document as prescribed by SEBI.

    Attention Investors:

    Investments in the securities market are subject to market risks. Please read all related documents carefully before investing.

    Prevent Unauthorized Transactions in Your Trading/Demat Account:
    Update your mobile number and email ID with your stock broker or depository participant. Receive alerts and information about your transactions on your registered mobile number/email for all debit and other important transactions in your trading/demat account directly from the Exchange/CDSL on the same day.

    KYC is a one-time exercise while dealing in the securities market.
    Once KYC is completed through a SEBI-registered intermediary (broker, DP, mutual fund, etc.), you do not need to undergo the same process again when approaching another intermediary.

    No need to issue cheques when subscribing to an IPO.
    Simply write your bank account number and sign the application form to authorize your bank to make the payment in case of allotment. There is no worry about refunds, as the money remains in the investor's account.

    Procedure to file a complaint on SCORES (Easy & Quick): Register on the SCORES portal and keep the following mandatory details ready: Name, PAN, Address, Mobile Number, and Email ID.

    Benefits: Effective communication and speedy redressal of grievances.{" "}

    Dear Investor,

    If you are subscribing to an IPO, there is no need to issue a cheque. Please write your bank account number and sign the IPO application form to authorize your bank to make the payment in case of allotment. In case of non-allotment, the funds will remain in your bank account. As a business, we do not provide stock tips and have not authorized anyone to trade on behalf of others.

    Important:

    Stock brokers can accept securities as margin from clients only by way of a pledge in the depository system w.e.f. September 1, 2020.

    Update your email ID and mobile number with your stock broker or depository participant and receive OTPs directly from the depository on your registered email ID and/or mobile number to create pledges.

    Check your securities, mutual funds, and bonds in the consolidated account statement issued by NSDL/CDSL every month.

    Disclaimer:

    The Stock Exchange, Mumbai, is not in any manner answerable, responsible, or liable to any person for any acts of omission or commission, errors, mistakes, and/or violations—actual or perceived—by us or our partners, agents, associates, etc., of any rules, regulations, by-laws of the Stock Exchange, SEBI Act, or any other laws in force from time to time.

    The Stock Exchange, Mumbai, is not responsible or liable for any information on this website or for any services rendered by our employees or representatives. Please refer to BSE compliance for more details.

    Investor Alert:

    Investors are requested to note that stock broker Firstock Broking Private Limited (Firstock) is permitted to receive/pay money from/to investors only through designated bank accounts, named as "client bank accounts."

    Firstock is also required to disclose these client bank accounts to the Stock Exchange.

    Hence, you are requested to use only the following client bank accounts for any transactions in your trading account with us. The details of these accounts are also displayed by the Stock Exchanges on their website under “Know / Locate Your Stock Broker.”

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