To start your “Trading Journey” with any firm, below is the flow process:
Registration Page:
Client needs to register by entering their respective Email Id and Mobile Number.
On clicking “Send OTP”, the broking firm will send the first 3 digits of OTP to the Mobile Number and the next 3 digits to the Email ID to verify the Mobile Number and Email ID, if the firm is willing to verify both. Otherwise, it will send a 6-digit OTP to both the Mobile Number and Email ID.
The firm will check with its back office to see if the entered mobile number and email ID already exist. If they exist, the client will be given an option to select the relation to open another form with the firm.
If OTP is not received after 60 seconds, the client can click on “Resend OTP” to resend the OTP.
If the OTP entered by the client is invalid, the system will throw a message saying that “OTP is invalid”. Client can re-enter the OTP or wait for 60 seconds to click on “Resend OTP”.
If the client is processing for the first time with the broking firm, the relation will be considered as “SELF” by default.
If the client wishes to process another form with the same mobile number and email ID, they need to select the relation, like Spouse, Dependent Parent’s, or Dependent Children’s.
There should be a unique combination of mobile number and email ID for relations like Spouse, Dependent Parent's, and Dependent Children’s. Otherwise, it will be considered as “SELF” by default.
If the client has filled the form before and discontinued in between, they can click “Resume Here” to enter their PAN Number, and OTP will be sent to the mobile number used while filling the form.
PAN Verification:
The next process after mobile and email verification is “PAN Verification”, where the client has to enter their PAN Number. The system will verify the PAN from the Income Tax Site, and the name will be displayed accordingly. The client can also cross-verify the name.
If the entered PAN is invalid, the system will throw a message saying that “Invalid PAN”.
The system will allow only those clients who are 18+ years of age to open an account.
Once the PAN Number is verified, the Date of Birth field will be enabled.
If the client’s PAN is verified, they can proceed to upload the PAN proof.
Digilocker Process:
When the client opts for Digilocker, they will be given the option to enter their Mobile/Aadhaar/Username and click on “Sign in with OTP”.
The OTP will be sent to the mobile number linked with UIDAI.
If OTP is not received, the client can click on “Resend OTP” after 30 seconds.
Upon successful OTP validation, the client will proceed to enter their “PIN” and click submit.
If the client doesn’t have a Digilocker account, they need to create a 6-digit PIN.
If the client forgets their Digilocker PIN, there is an option to reset the PIN.
After submitting, the client will be asked to grant permission for data fetching from Digilocker.
Once permission is granted, the data will be fetched and displayed, and the client can proceed further.
Personal Details:
After PAN verification, the “Personal Details” page will be displayed where the client’s name will be prefilled from the “Income Tax Site” and will be non-editable.
If the data is fetched from KRA, details will be prefilled and the client will only need to select the prefix.
If the data is fetched from Digilocker, some details will be prefilled, and the client will need to select the prefix, marital status, and enter the father’s name.
If the client wishes to change the address, it’s possible in KRA mode but not in Digilocker mode (the mode will be changed to Manual).
If in manual mode, the client will have to fill all the details manually.
For KRA and Digilocker, there is no need to upload address proof, but in the manual case, the client can select address type and upload proof.
Segment & Brokerage:
After personal details, the client selects their preferred segment, and the brokerage will be applicable accordingly.
If the client selects FNO, Currency, or Commodity, they need to upload a financial document. Otherwise, they can proceed without uploading a document.
eSign Complete:
After clicking “eSign”, the client will be redirected to an intermediary panel for eSign vendors like Digio, Leegality, True Copy, and then redirected to the NSDL site.
On the NSDL site, the client has to enter their 12-digit Aadhaar or VID (Virtual ID) and click on Send OTP.
OTP will be sent to the mobile registered with UIDAI, and after 60 seconds, the client will get the option to “Resend OTP”.
If the OTP is invalid, the client has 3 attempts. After 3 failed attempts, a new request will need to be sent.
eSign Complete:
Finally, the process is complete. The client can download the eSigned KYC form as a PDF and a copy will also be sent to the client's email.
“Here starts the trading journey with the firm – one step closer towards investment!”