1. Your broker does your KYC
Full KYC verification is your broker's job. To trade on Indian exchanges you need a trading and demat account with a SEBI-registered stockbroker. The broker verifies your identity under SEBI's KYC rules when you open the account, using your PAN, Aadhaar-based eKYC or other documents, and records your KYC with a KYC registration agency (KRA).
QuantPower does not collect KYC documents or repeat these checks, and it is not a KYC registration agency. Your KYC record stays with your broker and the KRA.
2. What QuantPower verifies
| Check | When | Why |
|---|---|---|
| Mobile number, by a one-time password (OTP) | When you sign up, and when you change your number | To confirm the number is yours and protect your account |
| Email address | When you sign up, and when you change it | So invoices, alerts and account messages reach you |
You do not need to give us your PAN, Aadhaar or bank account details to open a QuantPower account.
When you connect a broker, you log in on the broker's own page with the broker's two-factor authentication. That check is your broker's, not ours, and it means only the account holder can connect the account. Our broker connection requirements list what else you need, such as your own API key and, unless your broker hosts QuantPower in its own infrastructure, a static IP address registered with your broker.
3. What QuantPower never asks for
QuantPower and its staff will never ask you for:
- your broker password, PIN or two-factor codes,
- OTPs from your broker, your bank or UIDAI (Aadhaar), or
- your bank, debit card or UPI PIN, net banking password or card CVV.
You type QuantPower's own sign-up OTP only into the QuantPower website or app; our team will never ask you to read it out on a call, by email or on WhatsApp. You enter payment details only on our payment partner's checkout page.
4. When we may ask for more
- Account recovery: proof that the account is yours, if you lose access to your mobile number or email.
- Partner payouts: if we pay you through our partner programme, the details needed to pay you and meet tax rules, such as your PAN and bank account.
- Legal requests: details that a regulator, a court or another authority requires under the law.
We ask only for what is needed and handle it under our privacy policy.
5. One account per person
A QuantPower account is for one person, and the broker account you connect must be in your own name. We may close accounts that use someone else's details or broker account.
6. Report suspicious requests
- Use only the official website quantpower.tech and the QuantPower app on Google Play.
- If someone claiming to be from QuantPower asks for a password, OTP or PIN, do not share it. Tell us at [email protected] or on +91 97111 30044.
- If you shared your broker login details by mistake, change your broker password and contact your broker at once.
Related guides
- QuantPower security: how your account stays under your control
- Terms of use: the rules for using QuantPower, including keeping your account safe
- Trading API: how broker APIs, API keys and daily sessions work
Frequently asked questions
Do I need to complete KYC with QuantPower?
No. Your broker completes your KYC when you open your trading account. QuantPower checks only your mobile number and email.
Does QuantPower ask for my Aadhaar or PAN?
Not to open an account. We ask for your PAN only if we pay you, for example through the partner programme, because tax rules need it.
Why does QuantPower send me an OTP?
To confirm that the mobile number on your account is yours. Type it only into the QuantPower website or app, and never share it.
Can I connect a broker account in someone else's name?
No. The broker account must be in your own name, and you log in to it yourself on the broker's page.
Sources
- SEBI: Master Circular on Know Your Client (KYC) norms for the securities market
- SEBI KYC (Know Your Client) Registration Agency Regulations, 2011