What documents are accepted as income proof if I want to trade in F&O?
To trade in futures and options, submitting your income proof is mandatory. You can submit any one of the following documents as income proof:
- A Bank statement with the bank logo and seal in the name of the Arihant account holder for the last 6 months with an average balance of more than ₹10,000.
- Latest salary slip with your gross monthly income exceeding ₹15,000.
- Latest ITR acknowledgement with gross annual income exceeding ₹1,20,000.
- Latest Form 16 with gross annual income exceeding ₹1,20,000.
- Certificate of net worth more than ₹10,00,000.
- Latest statement of demat holdings with current holdings value exceeding ₹10,000. (Your holdings must not be pledged)
- Latest Fixed Deposit (FD) receipt with a deposit amount exceeding ₹1,00,000.
F&O trading involves high risk, so it’s important to have a strong financial background and sufficient market experience before participating. Submitting income proof helps ensure that you meet the required eligibility criteria for trading in this segment.
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