Zerodha, the country’s largest discount broker offers Demat and Trading account opening facility for online trading in equity, futures & options, commodities, and currency segment. You can open Zerodha Account online through aadhar based eKYC process and start trading at flat Rs. 20 per order. The discount broker has also a tie-up with IDFC First Bank to facilitate 3-in-1 account opening services (Free Demat + Trading + IDFC First Bank a/c). Let’s find out the complete details on the Zerodha account opening process, required documents, account opening charges, DP charges, account closure process, and more.
|Trading Account Opening Charges||Online Rs 200 (T+D), Rs 300 (T+D+C). Offline Rs 400 (T+D), Rs 600 (T+D+C). T*Trading, D*Demat, C*Commodity|
|Demat Account Opening Charges||Free|
|Demat AMC||Rs 300 PA|
The discount broking firm facilitates 100% paperless account opening process to allow customers to open Zerodha account instantly within 24 hours. Opening an online account requires you to keep several set of documents handy and your aadhar card must be linked with the mobile number.
10 Steps to open Zerodha Trading and Demat Account online:
If you have not yet linked your mobile number with the aadhar card or facing any sort of difficulty in online process, then you can open Zerodha account offline.
Steps to open Zerodha Trading and Demat account offline:
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The open a Zerodha account offline, the first question is that where to get the Zerodha Account Opening Form? then here are the details;
Note: You can simply call at the Zerodha helpdesk of 080 47192020/080 71175337 and get the form at the registered e-mail address.
If for any reason, you have switched account to another broker or not engaged in trading activities since the last 6 months, then it is recommended to close Zerodha account.
Steps to close Zerodha account:
Customers can close Zerodha Demat Account online or offline. To place online closure request, you have to sign the closure form digitally and submit it by “raising a ticket” on the support desk.
Customers can close their Zerodha Demat and Trading account at zero charges. Thus, the discount broking firm provides free account closure facility.
Yes, Zerodha is a safe, trustworthy, good, and reliable broker due to many reasons, provided here as under:
If you are looking to start trading at the lowest brokerage charges, then Zerodha is the best broker. You can open Trading and Demat account with India’s largest discount broker Zerodha through following two ways;
Free Demat Account + Zero Brokerage Delivery Trading are the two benefits of online trading with Zerodha.
Currently, no promo code is available to open an account with Zerodha.
Zerodha has a referral policy wherein people can refer Zerodha account to their friends and family members and get following benefits:
Any individual as well as NRI client can open an account with Zerodha because the discount broking firm facilitates online trading services to residents and NRIs. Residents can open a 3-in-1 account (Demat + Trading + IDFC First Bank A/c), however, NRIs can only open a 2-in-1 account (NRI Demat + NRI Trading) with Zerodha.
Yes, Zerodha provides both the online and offline account closure facility, to close zerodha account online, you have to raise a request through e-signing the account closure form. Get detailed steps on Zerodha account closure process.
Zerodha Account Opening without Aadhar" is possible, let's understand how.
To open a trading account online with Zerodha, you’ve to complete an Aadhar-based e-sign process that further needs to be verified through the OTP-based authentication process. It means to complete the online account opening formalities, it is mandatory that your mobile number must be registered with the Aadhar card. However, if you’re among the ones who didn’t yet link the Aadhar card with the mobile number, then still, you can open a trading account with Zerodha but following the offline route. In this process, you can fill the account opening application form, sign it and send the duly filed physically signed form along with the required set of mandatory documents to Zerodha’s head office. Thus, in this way, you can substitute the digital sign with the physical signature process and open a Zerodha Trading Account.
Yes, Zerodha provides a 100% online/paperless account opening process. If you want to open Zerodha Demat and trading account online, then you have to go through the below steps:
Not just Zerodha but also every broker demand a bank proof like the cancelled cheque to verify your account details. If you’re opening an account with Zerodha, then you’re required to submit a canceled cheque with your printed name, bank branch, account number, and IFSC code. Instead of submitting cancelled cheque, people can also submit front page of passbook, and the latest bank statement as bank proof.
If you’ve opened Zerodha account online, then it merely takes 24-48 working hours for your account to get activated. Once the account will be activated, a welcome email will be sent to your registered mail address that contains your login credentials i.e. user ID and password to login to your Zerodha account. Notably, in case, if any discrepancy is discovered in filled details, then, account activation may delay.
Once you’ve submitted all the information online such as personal info, bank details, and documents i.e. bank proof, aadhaar card, and photo and documents are verified and found appropriate then thereafter, the broker will send you unique client ID/user ID and password that are required to trade on Kite – web and mobile version.
At the time of online account opening with Zerodha, every client is mandatorily required to complete the Zerodha IPV process, through which, the broker verifies all the documents and other details of the customer. One can complete the Zerodha IPV online over mobile or smartphone or laptop with a webcam.
Zerodha offers a Free demat account but charges Demat AMC of Rs. 300. The yearly account maintenance fee (AMC) is charged or deducted on a quarterly basis means Demat AMC of Rs. 75 + GST is deducted after every 3 months post-Demat account opening with Zerodha.
Yes, you can open Zerodha account without using aadhar details through offline route as aadhar card is mandatory for online account opening process. To open offline account, you need to fill the account opening form and send it to the broker’s Bangalore office with required documents.
If you’ve suspended trading temporarily then you can deactivate Zerodha Account offline. Here are the steps to deactivate your Account :
Note: Zerodha account deactivation request takes nearly 5-7 working days to process.
If you have deactivated your Zerodha trading account or not using the account since last 6 months, then the account will automatically get deactivated. Now, if you want to resume online trading then you should reactivate Zerodha account. Note that a deactivated account can be again activated with the same client code but if you have closed or deleted Zerodha account then it can’t be reactivated and you have to re-open it.
Steps to Reactivate Zerodha Account
Note: You can also reactivate account online through raising a ticket at the Zerodha support desk and by e-sign the reactivation letter.
Zerodha facilitates online as well as offline trading and demat account opening process, customers can chose any route as per their requirements.
Steps to open Zerodha dccount offline:
Alternatively, you can Request a callback from Zerodha customer support team who will provide you the required account opening form and assist you to open offline account.
Last Updated on 2021-06-07