Zerodha Account Opening Process Review

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Zerodha Account Opening

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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.

Zerodha Account Opening Charges

TransactionCharges
Trading Account Opening ChargesOnline 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
Trading AMCFree
Demat Account Opening ChargesFree
Demat AMCRs 300 PA

Zerodha Account Opening Process| Open Zerodha Account Online

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:

  1. Visit the official website and click on the “Sign up now” button.
  2. Enter your mobile number and verify it with a 6 digit OTP.
  3. Enter your e-mail address and verify it with a 6-digit OTP sent to the provided e-mail ID.
  4. Provide your PAN number and DOB as per your PAN card and press on the “Continue” option.
  5. Pay the Zerodha account opening fee either via UPI or net-banking method.
  6. Enter Aadhar number and OTP and tap on the “continue” button.
  7. Now, provide your personal information and bank account details accurately.
  8. Complete Zerodha IPV process through uploading a selfie with a 4-digit code just next to your face.
  9. Upload documents like bank proof, aadhar, PAN card, signature, and income proof (optional).
  10. Click on the eSign and you will be redirected to NSDL, enter your aadhar number and OTP and then, press the “Submit” button to sign the form digitally.

Zerodha Offline Account Opening| Open Zerodha Account Offline

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:

  • Visit the broker’s website or call at 080 47192020/080 71175337 to get the Zerodha account opening form.
  • Print out the form, fill it up and sign it.
  • Attach documents like bank proof, pan card, etc.
  • Send the duly filled form with relevant documents to the Zerodha head office address, mentioned below:


#153/154 4th Cross Dollars Colony,
Opp. Clarence Public School,
J.P Nagar 4th Phase, Bangalore - 560078

Zerodha Account Opening Documents

  1. PAN card.
  2. Aadhar card.
  3. Digital copy of your signature.
  4. Bank Proof i.e. latest bank statement or cancelled cheque.
  5. Income proof (Mandatory for derivative/F&O trading).

Zerodha Account Opening Form

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.

Zerodha Account Closure Process

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:

  • Download the Zerodha Account Closure Form under the “Downloads & Resources” tab on the website.
  • Tick on the “Close Account” option.
  • Fill out details like client ID, reason for closure, and sign it.
  • Courier the duly filled account closure form to the Zerodha head office address.
  • Zerodha will process the account closure request within 5-7 working days and you will be notified with the same on your mail.

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.

Important Points:

  • Before closing Zerodha account, make sure to have null balance in Zerodha account with no pending dues.
  • Demat account should not contain any securities. If yes, then either sell or transfer to another demat account.

Zerodha Account Closure Charges

    Customers can close their Zerodha Demat and Trading account at zero charges. Thus, the discount broking firm provides free account closure facility.

Is Zerodha Good and Reliable Broker?

Yes, Zerodha is a safe, trustworthy, good, and reliable broker due to many reasons, provided here as under:

  • Number one discount broker in India.
  • Active clientele base of 29 lakh+ customers with more than 18% market share.
  • Member of SEBI, BSE, NSE, MCX, and NDEX.
  • 10+ years of existence in the discount brokerage industry.
  • Pioneer of Flat Rs. 20 discount brokerage model.
  • Best in-house trading platforms; Zerodha Kite (Web and App), Zerodha coin, etc.
  • Zerodha is a Debt-free company.
  • Low client complaints ratio indicates excellent customer service.

New Account Opening - How to join Zerodha?

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;

  1. Open Zerodha account online instantly within 24 hours.
  2. Open Zerodha account offline through submitting duly filled account opening forms.
Request call back from Zerodha

New Account Opening offers with Zerodha

Free Demat Account + Zero Brokerage Delivery Trading are the two benefits of online trading with Zerodha.

Zerodha Promo Code

Currently, no promo code is available to open an account with Zerodha.

Zerodha Referral Code

Zerodha has a referral policy wherein people can refer Zerodha account to their friends and family members and get following benefits:

  1. Withdraw or redeem 10% of the brokerage share to their linked bank account.
  2. Get 300 reward point on each referral and redeem reward points to get access to Zerodha tools.
    In this section we have covered most frequest scenario you have about new account opening. Does Zerodha have any promo code? Does Zerodha have any special Offers? What are the refferal benefit with Zerodha if I refer my frineds or family? How can I start my trade with Zerodha? Is Zerodha good and reliable?


Account Related FAQs

  1. 1. Who can open zerodha account?

    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.

     

     

     

  2. 2. How to close Zerodha account online?

    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.

    • Offline Method: In this method, you have to account closure form from their website. Fill all the required information on the form and courier it to their head office address.
    • Online Method: In this method, you have to:
    1. Firstly, declare all of your information in the closure form. Download the closure form from this link: Downlaod Form
    2. Secondly, visit the official website and sign in there - https://www.digio.in
    3. The account closure procedure will be initiated when you click on “Add document” and upload the closure form.
    4. After this, click on the sign icon available.
    5. You have to enter your essential details, such as VID. After going with this procedure, you will receive an OTP on your mobile phone.
    6. As you enter the OTP in the dialog box, it will be declared that you want to close the account. You can surely raise a ticket for this if required from your end.

     

     

     

  3. 3. How can I open a trading account with Zerodha if my mobile number is not linked with the Aadhar?

    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.

     

     

     

  4. 4. How to open Zerodha account online?

    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?

     

     

     

  5. 5. Why do I need to submit cancelled cheque to 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.

     

     

     

  6. 6. When Zerodha account get activated?

    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.

     

     

     

  7. 7. When I get Zerodha client ID?

    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.

     

     

     

  8. 8. What is Zerodha IPV?

    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.

     

     

     

  9. 9. How Zerodha charges annual maintenance fee (AMC)?

    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.

     

     

     

  10. 10. Can I open Zerodha account without aadhar?

    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.

     

     

     

  11. 11. How to deactivate Zerodha Account?

    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.

     

     

     

  12. 12. How do I reactivate my trading 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.

     

     

     

  13. 13. How to open Zerodha account offline?

    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.

     

     

     

Last Updated on 2021-06-07

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