Why should I share proof of income to activate F&O?

Providing income proof serves as a mandatory safety check to ensure you have the necessary financial capacity to manage the risks in the F&O segment.

Your F&O activation depends on your Share.Market onboarding status and investment value:

Scenario 1: Your are onboarded on Share.market and your holdings are above ₹1,000

If your Share.Market holdings (stocks or wealth baskets) exceed ₹1,000, you do not have to upload income proof manually. Your existing demat balance will automatically serve as verification. 

Scenario 2: Your are not onboarded on Share.market or your holdings are below ₹1,000

If you are not onboarded to Share.Market or your current portfolio value is below ₹1,000, you must submit one of the following documents to complete your F&O activation:

• Bank statement: A statement covering the last 6 months, showing a transaction value or closing balance above ₹1,000.
• Salary slip: Your most recent monthly slip reflecting a gross income above ₹5,000.
• ITR acknowledgement: Your income tax return acknowledgment from the last financial year.
• Holding Statement (Other Broker): Your latest statement showing holdings with a total value of ₹1,000 or more.