Posted on 28th Jan 2015
by TopShareBrokers.com team
Rated 4.5/5 based on 95 customer reviews
Why to open an account with Zerodha?
How to Open an account with Zerodha? What is the fastest way to open a new account with Zerodha?
What is the minimum amount required to open an account with Zerodha?
Can NRI open a trading account with Zerodha?
What types of trading can I make with a Zerodha account?
Is there any hidden fees with Zerodha?
Is Zerodha a good choice for Penny-stock trading in India?
Do I earn interest on my account?
Is there restrictions on funds deposited to my account With Zerodha? What is the process to Transferring funds in and out with Zerodha? How do I transfer money to/from my bank into Zerodha account?
Transferring funds in and out is a very simple process and Depositted fund with Zerodha goes in either of these 2 accounts - one to trade in Equity, F&O and Currencies and second is for commodities. Online money can be depositted with transfer completion time between 2 to 10 hours depending on your bank. Cheques deposit service is also available but will take between 3 to 5 working days.
Fund withdrawals requests can only be placed online by logging into Zerodha back office site. Fund withdrawals are completely free and are credited only to your primary bank account.You may trade in most of the services after funds are deposited into your account.
If I am already having an account with full service broker, what I need to do to move to Zerodha? How my existing shares are going to transfer with Zerodha? Is it possible to maintain both the accounts?</p>
You can map your existing Demat account with Zerodha or you can transfer your shares to new DP service by simply submitting a DP slip at your new DP service provider.
One can maintain multiple demat account, but to do trading you can link only one DP account with your trading account, in such case you need to transfer you shares from one account to another by submitting DP slip. By transfer your share b/w different DP, you will still get your LTCG benefit.
Is there any charges when shares are credited to demat account?
How does Zerodha provide customer support?
What is Zerodha’s speed for trade execution?
Does Zerodha support Intraday Margin Trading?
Yes, Zerodha support 2 different type of margin strategy for Intraday trading for selected scripts in NSE, BSE and MCX-SX.
Zerodha Margin Intraday Square(MIS) off - For selected scripts one can use 3x to 10x margin, in this you must have to exit on same day else it will be auto off at 3:20 pm.
Zerodha Cover Order (CO) - As this is covered with stop loss, one can use 6x to 10x margin for selected scripts. All open position gets squared off at 3:20 pm.
Zerodha Margin trading increases your buying power.
Can I use my shares in Demat account for margin trading?
Yes – You can avail Margin facility on your shares/holdings with Zerodha. First you need to transfer the shares from your DP to Zerodha beneficiary account at IL&FS. As soon as the shares are transferred, you’ll get margin against those shares after the exchange prescribed haircut. In such case you will not get 100% cash value of your shares values for Margin facility as well as you must have 30% value of actual cash in your account.
Please refer the example below:
For example, if you have stocks worth Rs. 50,000 in your account and if the exchange prescribed haircut is 30%, then the actual cash value of your stocks will be Rs. 35,000. However, if you want to utilize this Rs. 35,000 as cash in your trading account, you need to have at least 30% of that value as actual cash (not stocks). This means that you need to have cash of around Rs. 12,500 to utilize the entire margin benefit of Rs. 35,000 against your stocks.
What are the platforms & Tool Zerodha is providing?
Paperless account opening*
e-Aadhar base account opening
Free Delivery trading
Beginner, seasoned investor, active trader or HNI. Get customised solutions.
Free Equity Delivery Trades
Flat 20% discount on online transaction