How To Open Demat And Trading Account In Zerodha? - A Complete Zerodha Account Opening Process

“How To Open Demat And Trading Account In Zerodha?” In this article, you will find complete information about Zerodha Account Opening Process. Such as documents required to open a demat account, account opening fees, online and offline methods of account opening (Step By Step). If you follow the instructions in this article, your account will be successfully opened in a single attempt.

About Zerodha

At present, Zerodha is the No. 1 stockbroking firm in India. Zerodha is located in Bangalore and was established in 2010 by Mr. Nitin Kamath. Zerodha provides trading and investment services in Equity, Currency, Commodities, and Mutual Funds.

Zerodha introduced the Discount Brokerage model in India. Zerodha became very popular in a very short period of time due to their discount brokerage model. Zerodha currently has over 35 lakh, active clients.

Why Should You Open Demat And Trading Account In Zerodha?

There are many stockbrokers available in India to open a demat and trading account. Even so, many people prefer Zerodha to open a demat account.

There are plenty of reasons to open a demat and trading account in Zerodha.

 Some of that:

• Largest Stock Broker In India – Zerodha is a leading stockbroker in India. They have more than 50 lakh clients and they contribute a daily turnover of retail trade of over 15% across NSE, BSE, and MCX. In June 2020, Zerodha entered the unicorn club with a self-assessed valuation of about $1 billion.
• Debt Free Company – Zerodha is a debt-free company. It has never taken a loan since starting a business. They do not have any debt.
• No Margin Funding – Giving margin funding to customers is considered risky for stockbrokers. Zerodha does not provide margin funding to its clients for trading.
• No Proprietary Trading – Many stockbrokers used to do proprietary trading with the money their clients kept in their accounts. Zerodha has stopped proprietary trading from September 2019 to allay the concerns of customers related to proprietary trading.

What Benefits Will You Get With Demat And Trading Account In Zerodha?

1. Zero Delivery Brokerage – Zerodha does not charge any brokerage for equity delivery trades.
2. Simple and Straight Brokerage Plan – Zerodha charges the lowest brokerage of Rs 20 or 0.03% whichever is lower across all segments. You will pay a maximum brokerage of Rs 20 per executed trade.
3. No Hidden Charges – Zerodha does not charge any hidden charges to its customers.
4. Zero Balance Account – Zerodha’s demat and trading account is Zero Balance Account. You do not need to maintain a minimum balance in this account.
5. Start Trading With Small Amount – After opening an account in Zerodha, you can start trading with a small amount of Rs 100.
6. No Minimum Brokerage Criteria – You do not need to pay minimum brokerage in Zerodha. Brokerage is charged only when your order executes.
7. No Monthly Brokerage Commitment
8. Trading and Investment Under One Roof – With Zerodha’s demat and trading account, clients can trade in various financial instruments such as Equity, Currency, Commodity, Mutual Funds, IPOs, etc.
9. Direct Mutual Funds – Zerodha provides investment in Direct Mutual Funds Schemes so that clients can save commission charges on Mutual Fund investments.

What Are The Documents Required To Open An Account In Zerodha? 

Below is a list of required documents to open an account with Zerodha.

1. Pan card
2. Aadhaar card (an active mobile number linked with Aadhaar will ease the process)
3. Bank account proof 
4. Passport size photograph
5. Specimen signature
6. Income proof ( only if you wish to trade in F&O or Commodity)

What Is The Account Opening Charges At Zerodha?

Charges for Account Opening in Zerodha is as follows :

Type of account	Trading And Demat (Only Equity)	Trading And Demat (With Commodity)
Online account	Rs 200	Rs 300
Offline account	Rs 400	Rs 600

Note: AMC charges of Rs 300 + GST per year are applicable at Zerodha.

A Step By Step Process – How to Open Demat And Trading Account In Zerodha?

There are both online and offline facilities available for account opening in Zerodha. If your Aadhaar card has a linked mobile number, you can open an account online. But if the mobile number is not linked to the Aadhaar card, then you can go with the offline process.

Zerodha Account Opening – Online Process

Opening an account in Zerodha through an online process is very easy and fast. This process takes a maximum of 15 to 20 minutes to complete.

So, let’s open an account in the Zerodha online.

Start the process of account opening in Zerodha by clicking on “Open An Account”. You will be redirected to Zerodha’s website. 

Step 1 –

Enter your 10 digits mobile number here and click on continue. You will receive an OTP from Zerodha.

Step 2 –

Enter the OTP you received and click on continue to verify your mobile number.

Step 3 –

Upon successful verification of your mobile number, you will be asked for your e-mail id to verify. Enter your e-mail id and click continue. You will receive an OTP in your e-mail. Verify your e-mail id by entering OTP.

Step 4 –

Now enter your PAN number and Date Of Birth and click on continue.

Step 5 –

After filling in the PAN number and Date Of Birth, you will be redirected to the account opening fee page. Here you have to pay a total of Rs 300, Rs 200 for equity, and Rs 100 for commodity. After paying the fee, you will receive a receipt with the payment reference number. Click close to proceed.

Stp 6 –

After paying the Zerodha account opening fee, you will have to verify your Aadhaar number. For this, you need to connect to Digilocker. Digilocker is an initiative of the Government of India, where you can keep your important documents extremely secure. So now click on “Connect to Digilocker” to proceed.

Step 7 –

Now enter your 12 digit Aadhaar number in Digilocker and click on “Sign in with OTP”. If you do not already have a Digilocker account, you can open a new account by signing up.

Step 8 –

To verify your Aadhaar, enter the OTP received on your mobile number and click on continue. After that, you have to create a security PIN.

Step 9 –

Now, enter the security pin to sign in and click submit.

Step 10 –

Now click on “Allow” to grant access of Digilocker to Zerodha. By doing this, your Aadhaar details will be automatically fetched. If your Aadhaar details are correct, click on “Share”. This will allow a digital copy of your Aadhaar to be shared with Zerodha so that your name, address, and photo can be verified.

Step 11 –

Once the Aadhaar is verified, you will need to provide your personal details such as marital status, father’s name, mother’s name, annual income, trading experience.

Step 12 –

Now you need to link your bank account with Zerodha. One thing to mention here is that only from this bank account you can pay in to Zerodha and only in this account Zerodha can payout your money. Feel your bank’s IFSC, MICR, and account number here and click on Continue.

Step 13-

After the bank details are mentioned, there is a step of in-person verification. In this step, you have to show the received OTP along with your face in front of the webcam. Click Start IPV. Now make sure your face and OTP are clearly visible. Now click on “Take Video” and then click on “Save Video”.

Step 14 –

Next, upload your documents including canceled cheque or bank statement, income proof, signature, and PAN card. 

Before uploading a canceled cheque or statement, make sure that your Name, IFSC code, MICR code, and Account Number are clearly visible on it. In the case of a bank statement, it must have the logo of the respective bank on it.

If you want to trade in futures and options or currency or commodity then you should upload income proof otherwise it is optional.

After uploading all the required documents, click on the “Continue” button that appears on the right side of the screen.

Step 15 –

This is the last step in the Zerodha account opening process. Click on “eSign” to digitally sign your application.

Step 16 –

Once you click on eSign you need to verify the e-mail. Here you will get two options like Google Account or E-mail id. If possible, choose ”Proceed with e-mail” and enter your e-mail id without any spelling mistakes. This is because you will receive all future correspondence from Zerodha on this e-mail id. Now verify the e-mail id by entering OTP which you received in your e-mail.

Step 17 –

Click on the check box stating “I agree” and then click on “Proceed to eSign” It will redirect you to the NSDL page.

Step 18 –

After reaching the page of the NSDL, click on the checkbox that shows “I hereby” and then enter your aadhaar number and click on send OTP.

Step 19-

Now complete your Zerodha account opening process by entering the OTP.

Step 20 –

After completing the process you will see the green background screen with the message stated “You have successfully signed the document” this screen will appear only after all your process is complete and verified.

Step 21 –

Now you will find the tick mark to the equity section.

 Now, your form for the Equity segment is successfully filled. But if you want to trade in commodity also, click the eSign button in front of the Commodity segment. This will open your account in the commodity segment.

Step 22 –

You will again be redirected to the NSDL page. Click on the checkbox that shows “I hereby” and then enter your aadhaar number and click on send OTP. And complete your Zerodha account opening process by entering the OTP.

Step 23 –

After completing all the above processes, you will see the message of Congratulations on your screen.

Once you complete the Zerodha account opening process, your form and documents will receive at the Zerodha KYC team. KYC team will verify your documents and will open your demat and trading account in Zerodha. After opening the account you will be informed by e-mail. You will get your login credentials in this same e-mail. This process takes around 24 working hours to open your account.

Zerodha Account Opening – Offline Process

If your Aadhaar does not have a linked mobile number then you can choose the offline account open process. The offline process of opening an account in Zerodha is a bit longer and more expensive than the online method. This process takes about 6 to 7 days to open your account. And there is an additional cost of up to Rs 300 for account opening.

Let’s see how to open an account in Zerodha offline.

Step 1

Download the Application Form from the Zerodha website or you can download it below.

• Zerodha Account Opening Form – Equity 
• Zerodha Account Opening Form – Commodity

Print the complete form.

Step 2 

Fill the complete form accurately and sign it.

Step 3

Attach all the necessary documents.

Step 4 

Send the duly signed form with attached documents to the below address.

Zerodha H.O No.153/154, 4th Cross Dollars Colony, Opp. Clarence Public School, J.P Nagar 4th Phase, Bangalore – 560078

Once your application reaches the Zerodha office, the Zerodha KYC team will check and verify your form and your documents. After checking your application, your account will be opened. In the case of an offline account opening, Zerodha takes up to 2 working days to open your account.

Quick Note: If you have any queries or need help regarding form filling, you can contact Zerodha on 08047181888 or comment below.

Congratulations! All the processes of the Zerodha account opening have been completed.

What Is Next After Zerodha Account Opening?

After successfully opened your account in Zerodha, you can start trading or invest in the stock market through the Kite trading platform.

Below are the links to the Zerodha Kite trading platform

Kite Web: https://kite.zerodha.com/

Kite App for android: https://play.google.com/store/apps/details?id=com.zerodha.kite3

Kite App for iPhone: https://apps.apple.com/in/app/kite-zerodha/id1449453802

Final Thoughts

After reading How To Open Demat And Trading Account In Zerodha?, you are ready to open your own account in Zerodha. You can start the Zerodha Account Opening process here.

https://infinitebroker.com/