Rupeezy does not actually require you to sign the "voluntary" documents in the account opening kit — that is the point of labelling them voluntary. SEBI asks every broker to clearly separate the mandatory documents you must sign to open an account from the voluntary ones you sign only by choice, so you always know which is which.
What is the difference between mandatory and voluntary documents?
The account opening kit has two kinds of documents, and they are kept visibly separate:
- Mandatory documents — the ones every client must sign to open a trading and demat account, such as your KYC details and the rights-and-obligations and risk-disclosure documents.
- Voluntary documents — optional authorisations and consents you sign only if you want the convenience they enable. Signing them is your choice, not a condition of opening the account.
SEBI requires this clear separation precisely so that a voluntary document is never presented as compulsory.
What do the voluntary documents do?
Voluntary documents let you switch on optional conveniences up front, so you do not have to arrange them later. Typically they cover things like:
- DDPI (Demat Debit and Pledge Instruction) — a standing authorisation that lets your shares be debited smoothly when you sell, instead of you authorising each sale separately.
- Running account settlement preference — your instruction on how often the funds lying in your account are settled back to you.
- Consent for electronic communication — agreeing to receive contract notes, statements, and other communication by email rather than on paper.
Each of these is a convenience, not an obligation.
Do I have to sign the voluntary documents to open my account?
No. You can decline any or all of the voluntary documents and still open your Rupeezy account with just the mandatory ones signed. The word "require" is a common misunderstanding — these documents are offered to you, not forced on you.
The only trade-off is that some conveniences may not be available until you sign the relevant document. For example, if you do not sign the DDPI authorisation, selling shares may involve an extra verification step each time. You can always choose to sign a voluntary document later if you decide you want that convenience.