Zerodha Account Opening Process Review 2022

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.

 Open Instant Account with Zerodha

Once your Zerodha Demat account has no securities, dues, and have zero balance, then you can close Zerodha account online on the console reporting platform through the below steps;

1. Log in to the console and tap on the “Account” tab.
2. Click on the “Close Account” option and mention the reason.
3. Tap on the “proceed to esign”.
4. Enter the Aadhar card number and OTP sent to your mobile number.
5. Once done, your account closure request is successfully placed and a confirmation email will be sent to you.

Note: It will take a maximum of 72 working hours to close your Zerodha Account.

 Open Instant Account with Zerodha

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.

 Open Instant Account with Zerodha

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:

1. Sign up with Zerodha.
2. Enter PAN number and DOB.
3. Make a payment of the account opening charges
4. Provide personal details and bank details that you want to link to Zerodha Trading Account.
5. Complete Zerodha in-person verification process.
6. Upload scanned copies of required documents.
7. Complete Aadhar-based e-sign process.

Detailed steps on How to Open Zerodha Account Online?

 Open Instant Account with Zerodha

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.

 Open Instant Account with Zerodha

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.

 Open Instant Account with Zerodha

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.

 Open Instant Account with Zerodha

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.

 Open Instant Account with Zerodha

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.

 Open Instant Account 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.

 Open Instant Account with Zerodha

If you’ve suspended trading temporarily then you can deactivate Zerodha Account offline. Here are the steps to deactivate your Account :

1. Head to the Zerodha website.
2. Click on the “Downloads & Resources” tab and get the “Account deactivation form”.
3. Select “Deactivate Account” option, fill the form, and sign it.
4. Send the duly filled deactivation form to the Zerodha Bangalore office.

Note: Zerodha account deactivation request takes nearly 5-7 working days to process.

 Open Instant Account with Zerodha

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

1. Write an account reactivation request letter to Zerodha.
2. Attach self-attested documents like PAN card and address proof.
3. Send it to the Zerodha Bangalore head office address.

Note: You can also reactivate account online through raising a ticket at the Zerodha support desk and by e-sign the reactivation letter.

 Open Instant Account with Zerodha

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:

1. Go to the website and get the account opening form.
2. Print, fill out details, and sign the form.
3. Add copy of your bank proof, address proof, ID proof, and PAN card.
4. Courier it to the Zerodha Bangalore office.

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.

 Open Instant Account with Zerodha

Zerodha online account closure request via console will be processed within 72 working hours. During the request processing, your access to Zerodha Kite and console will be deactivated. Therefore, it is recommended to download trade book, ledger, P&L, contract notes, etc. before placing a closure request.

 Open Instant Account with Zerodha

Yes, Zerodha offers online Demat and Trading Account closure through the console platform. Before proceeding with closure, you must ensure to have no securities, no pending orders or positions, and must have zero balance in the Demat account.

 Open Instant Account with Zerodha