Shoonya Account Opening Guide

Step 1: Install and Start Registration

• Open the Shoonya app on your phone.
• Tap on “Register Now.”
• Enter your mobile number → Enter the OTP received to verify.
• Enter your email ID → Enter the OTP sent to your email.

Step 2: Fill in Personal Details

• Enter personal information:
  • Marital status
  • Father’s / Spouse’s / Mother’s name
• Confirm that you're an Indian citizen.

Step 3: Provide Financial Details

• Add:
  • Occupation
  • Annual income
  • Trading experience
• Accept the declaration to continue.

Step 4: DigiLocker Verification

• Complete DigiLocker verification.
• Details like PAN and Aadhaar will be autofetched.
• Enter Aadhaar OTP and Digilocker PIN to allow document access.

Step 5: Selfie & Signature

• Take a selfie using the app as instructed.
• Draw your signature on the screen.

Step 6: Select Trading Segments

• Choose the segments you want:
  • Equity
  • Mutual Funds
  • Derivatives (F&O)
  • Commodities

Step 7: Bank Account Verification

Choose one of the following:

• Verify via UPI (PhonePe, Paytm, Google Pay, etc.) – ?1 will be debited and refunded.
• Enter bank details manually
• Upload a cancelled cheque

Step 8: Nominee Addition (Optional)

• You can add a nominee now or click “Skip” and add later.
• If you skip, confirm that you wish to continue without a nominee.

Step 9: Aadhaar eSign

• Enter your Aadhaar number
• Accept terms & conditions
• Enter the OTP received to complete eSign

Step 10: Activate Derivatives (Optional)

To activate F&O segments, submit income proof:

• 6-month bank statement
• ITR copy
• Net worth certificate

You can:

• Upload manually
• Or use the account aggregator method to fetch the bank statement via OTP.

Step 11: Final Submission

• Accept the consent form
• All documents are submitted and will be reviewed.

Step 12: Account Activation

Your Demat and trading account will be activated within a few hours after verification.

Documents required:

1. A scanned copy of your PAN card.
2. A scanned copy of Aadhar Card.
3. An active mobile number linked to your aadhaar card. To complete the eSign in process, you will need OTP. So, make sure your mobile number is linked with your Aadhar card. If not, then visit the nearest Aadhaar Seva Kendra to get it updated.
4. Cancelled Cheque/Bank statement to link your bank account. Make sure the bank statement you are uploading has an Account number, IFSC and MICR code printed on it. If these are not clear then your application may be rejected. The cheque must have your name clearly inscribed on it.
5. A scanned copy of your signatures. This should be done with a pen on blank paper and should be clearly visible. Pencils, sketch pens or markers will make the application rejected.
6. Income Proof - It is required if you wish to trade in Futures & Options, Currency or Commodities. You can submit any of the following documents for income proof:
   1. Form-16
   2. Latest 6-month Bank statement
   3. Latest salary slip
   4. Networth certificate from a CA
   5. Income Tax Return Acknowledgment

Note – Please note that only individual accounts are opened online.