Zerodha, a Bangalore-based discount broker, is one of India’s largest stockbroking platforms, offering affordable trading and investment services to retail customers. Established in 2010, Zerodha has rapidly grown, known for its low-cost structure and innovative technology. Here’s a complete guide to opening a Zerodha account, the required documents, and applicable charges.
Link to open Zerodha Account : Click Here
Zerodha Account Charges (2024)
- Trading Account Opening: ₹0
- Demat Account Opening: ₹0
- Demat Annual Maintenance Charges (AMC): ₹300 per year
- Trading Account AMC: ₹0
FAQs Before Opening a Zerodha Account
- Is Zerodha safe? Yes, Zerodha is SEBI-registered and a member of both the NSE and BSE, making it a reliable and trustworthy broker.
- Does Zerodha offer commodity trading? Yes, Zerodha provides commodity trading.
- What is the brokerage charge? Zerodha charges a flat ₹20 per trade.
- Is there a minimum balance requirement? No, Zerodha does not require a minimum balance.
- Are there any fixed monthly charges? No, Zerodha has no fixed monthly fees.
- Is trading software free? Yes, Zerodha offers free trading tools, but partner products may carry additional costs.
- What are the demat transaction charges? ₹13.5 per script per day on sell transactions.
- Does Zerodha have physical branches? Zerodha is primarily an online broker, but it has over 120+ partner offices across India.
- How does Zerodha charge such low brokerage fees? Zerodha leverages advanced technology and low-cost operations, passing the savings to customers.
Read: Groww Account Opening Guide 2024: Process, Documents, and Charges
How to Open a Zerodha Account (Online/Offline)
To trade in stocks, commodities, or currencies or invest in mutual funds, you’ll need both a trading and a demat account with Zerodha. Here’s how to open one:
Types of Zerodha Accounts:
- Trading Account – For equity and currency derivatives.
- Demat Account – To hold and deliver stocks.
- Commodity Account – For trading commodity futures on MCX.
Zerodha also offers a 2-in-1 account (trading + demat), enabling smooth transfers between the two.
Step-by-Step Guide to Open a Zerodha Account Online
Opening a Zerodha account is fully digital and paperless. Follow these steps:
- Visit Zerodha’s Website: Go to Zerodha.com and click “Signup”.
- Enter Mobile Number: Receive an OTP to verify your number.
- Enter Personal Details: Provide your name, email, PAN ID, and date of birth.
- Pay Account Opening Fees: Pay via UPI, Netbanking, debit, or credit card.
- Aadhaar Verification: Log in to Digilocker with your Aadhaar and allow access.
- Complete Personal Information: Enter details like father’s name, occupation, income range, and trading experience.
- Link Bank Account: Add your bank details (via IFSC or UPI). The system cross-verifies bank details with the IT database.
- IPV Verification: Record a short video for In-Person Verification (IPV).
- Upload Documents: Upload necessary documents like a PAN card and signature proof.
- eSign for Equity: Complete your application by digitally signing with your Aadhaar-linked OTP.
- Confirmation: Once complete, you’ll receive a confirmation message and an email with your account login details.
Documents Required for Zerodha Account Opening (Online)
- Mobile Number & Email ID: For verification via OTP.
- PAN Card: Mandatory for identity verification.
- Aadhaar Card: Verified through Digilocker.
- Bank Proof: A canceled cheque, passbook copy, or bank statement showing account details.
- Signature Proof: A scanned copy of your signature.
- Income Proof (Optional for F&O Trading): Required if you plan to trade in futures & options (F&O).
- Nominee Details (Optional): For adding an authorized representative.
Zerodha Account Opening Age Limit
- You must be 18 years or older with a regular PAN card.
- If you have a minor PAN card, you must convert it to a regular one before opening an account.
Zerodha Account Opening Time
Typically, Zerodha opens accounts within 72 hours, provided that KYC is verified, and documents are in order. If your KYC is not up-to-date, the process may take longer. You can track the status of your account via the Zerodha signup portal.
Account Closure Process
To close a Zerodha account, follow these steps:
- Log in to Console.Zerodha.com.
- Select the Account Tab, then click on Segments and choose the Account Closure option.
- Enter the reason for closure, agree to terms and conditions, and e-sign with Aadhaar OTP.
- Zerodha processes account closure within 72 business hours.
Frequently Asked Questions (FAQs)
Q: How much are the Zerodha account opening charges? A: Zerodha charges ₹0 for account opening. The annual maintenance charge (AMC) for the demat account is ₹300.
Q: Is it safe to open a Zerodha account online? A: Yes, Zerodha is a SEBI-registered broker, and their online account opening process is secure.
Q: Can I open a Zerodha account on Sunday? A: Yes, the online account opening process can be initiated any day, including Sundays.
Q: How to cancel a Zerodha account opening request? A: You can cancel your request by contacting Zerodha’s support team. However, account opening fees are non-refundable.
Q: Can I open a Zerodha account with a new bank account? A: Yes, you can link multiple bank accounts to one Zerodha account. One primary bank account is used for deposits and withdrawals, while the secondary accounts are for deposits only.
Zerodha remains one of the most cost-effective platforms for trading and investing in India, offering transparency, low brokerage, and advanced tools for investors. For more details, visit Zerodha’s official website.
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