Why was the bank account details fetched from One Money not accepted as an income proof for activating FnO
A minimum transaction value and closing balance of INR 5000 is required to accept as adequate income proof for activating Futures and Options Segment in your trading account. This is done to ensure, the users financial soundness is validated before activating the FnO segment. This is in line with the presecribed regulations of SEBI and the exchanges. Additionally if the bank fetch is for a period less than 6 months, we cannot consider this as a valid income proof for the purpose of activating FnO.