Zerodha Account Opening, Trade with Zerodha|2019

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Zerodha Account Opening

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    Established in 2010, Zerodha has single-handedly been a game changer in the field of investment. This discount broking firm is one of the most well-known and preferred platforms for a bulk of Indian investors. Zerodha offers a medley of broking services with cutting edge technology, thereby increasing its reach to the tech-savvy generations. It caters to over ONE MILLION clients and contributes to approximately 10% of the total Indian trade by volume - making it the best discount broker in India.

    Zerodha: Account Opening Process

    Zerodha stands for Zero + Rodha (obstacles), which means that even the account opening process is without any barriers. The process is effortless and simple, making it accessible to everyone.

    Here’s how you can open a Zerodha online trading and demat account:

    • Offline

      For opening an account offline, choose the ‘Call me Back’ option available under the “Open an account” tab of Zerodha’s official account. You will be assigned a sales manager who will mail you the relevant forms. Alternatively, you may visit https://zerodha.com/resources to download the account opening forms. Download, print and fill up these forms. Put your signatures in the appropriate places and courier it to:

      For added convenience, Zerodha also offers its clients the option to schedule a meeting at a date, time and venue of your liking. Drop a call on 080 4913 2020 to connect with a Sales Representative who can initiate the action. Before paying you a visit, you will get a call from the Zerodha employee so that you can keep all the mandatory documents at hand upon meeting.

      The documents that you require are:

      • One passport size photograph
      • PAN card (with a self-attested copy)
      • Address Proof (with a self-attested copy)
      • Income Proof (with a self-attested copy)
      • One Personalised Cancelled Cheque or your Bank Statement

      The representative will collect all the forms, self-attested copies of the documents to begin the account opening process.

      For help regarding the filling up of forms, you can check out Zerodha Application Form Template.

      In an attempt to be inclusive, Zerodha offers its offline account opening services to the visually impaired individuals. For this, they need to call 080 4913 2020 to connect with their Sales Representative. In addition to the documents mentioned above, they need to keep a Notary or Doctor’s attestation documents to complete KYC. Additionally, instead of signatures, they will have to place their left thumb impression.

    • Online

      To open a Zerodha account through the online medium, you need to head over to Zerodha Open an Account Page. Enter your details, such as your full name, email ID, contact number and register.

      Keep the following documents ready:

      • PAN card
      • Aadhaar card - ensure that your mobile number is linked with your Aadhaar to eSign using an OTP
      • A leaf of cancelled Cheque with your name printed on it (if the cheque is not personalised, you can also submit your bank statement containing the MICR and IFSC code printed on it)
      • Scanned copy of your signature
      • Income proof (mandatory, if you wish to trade in futures and options) - includes: Form 16, 6-month bank statement, Income Tax acknowledgment copy, Latest pay slip, CA certification of your net worth, Demat holding statement.

      After signing up, you will have to input additional details such as your PAN card details, information related to your bank account, and other personal details. On filling out the form, you will have to print it, put your signatures, enclose the necessary documents and courier it to the Zerodha Head Office, #153/154, 4th Cross Dollars Colony, Opp. Clarence Public School,J.P. Nagar, 4th Phase, Bangalore - 560 078

      You can even your documents picked up by Team Zerodha, which is subject to the availability of a representative in the slot picked by you. While signing up, you can choose between Aadhaar verification or opt for Doorstep pickup. Further, this facility is not offered to pickup of PoA for online forms.

      Following the receipt of your documents, Zerodha will conduct an in-person verification as laid down by the SEBI guidelines. You can complete your IPV either by being physically present or through your webcam or mobile phone(Whats app call or Skype call). You will receive an OTP on your registered phone number or email address. Write the OTP on a piece of paper and head over to Zerodha IPV Link. Hold the paper until it is visible on the webcam, Zerodha will capture snapshots as proof of verification. Once all the information has been verified, your account will be activated.

      The account opening charges are Rs. 300 for a trading and DEMAT account, while Rs. 200 is the fees for opening a commodity account. This amount is non-refundable.

      If you face any issues while signing up or opening an account, you can contact the Sales Manager or the Zerodha customer care over 080 4913 2020.

    • Branch Network

      Headquartered at Bangalore, Zerodha has over 200 branches and partners all over the country. The company is supported by 22 branch offices, 94 partner offices, and 6 support and call and trade offices. These Zerodha offices can be found at:

      • Andhra Pradesh - Ongole, Tirupati, Vijayawada, and Vishakhapatnam
      • Bihar - Patna
      • Chhattisgarh - Bilaspur, and Raipur
      • New Delhi
      • Gujarat - Ahmedabad, Bhavnagar, Gandhinagar, Jamnagar, Rajkot, Surat, and Vadodara
      • Haryana - Hissar, and Gurgaon
      • Jharkhand - Ranchi
      • Karnataka - Belagavi, Bengaluru, Hubbali, Kalaburagi, Mysuru, and Mangaluru
      • Kerala - Calicut, Kochi, Pathanamthitta, Thrissur, Trivandrum, and Wayanad
      • Madhya Pradesh - Bhopal, Indore, and Jabalpur
      • Maharashtra - Aurangabad, Kolhapur, Mumbai, Nagpur, Nashik, Pune, Solapur, and Thane.
      • Odisha - Cuttack, and Bhubaneshwar
      • Punjab - Amritsar, Chandigarh, and Ludhiana
      • Rajasthan - Bhilwara, Udaipur, and Jaipur
      • Tamil Nadu - Ambur, Chennai, Coimbatore, Dharmapuri, Erode, Hosur, Kanyakumari, Madurai, Ooty, Salem, Tiruchirapalli, Tirunelveli, and Vellore.
      • Telangana - Hyderabad
      • Uttar Pradesh - Aligarh, Chandauli, Ghaziabad, Lucknow, Meerut, Noida, and Varanasi
      • West Bengal - Kolkata
    • Zerodha Branches List Near Me

    Types of Accounts Offered by Zerodha

    At Zerodha, you can open the following accounts:

    • Equity and Derivatives Trading Account
    • Equity DEMAT Account; and
    • Commodity Trading Account
    • Mutual Fund Account

    Zerodha does not let you open a trading account without opening a DEMAT account with the firm. Furthermore, Commodity Trading Accounts can be opened at Zerodha if the user also opens an Equity (Trading and DEMAT) account; or if they already have an existing Equity (Trading and DEMAT) account active with Zerodha.

    Recently, Zerodha has tied up with IDFC FIRST Bank to offer a Zerodha-IDFC FIRST Bank 3-in-1 account, wherein the user can use a single account for trading, banking, and DEMAT. However, to open this 3-in-1 account, the user needs to have an existing account with IDFC FIRST Bank. Once you have an active account with IDFC FIRST Bank, you can apply for opening a 3-in-1 account with Zerodha. Do remember that this facility is available only for the online opening of your 3-in-1 account.

    What are the list of Documents to Open an Account with Zerodha?

    The list of documents varies according to the entity willing to open an account with Zerodha. Accordingly, here is a comprehensive list of what you will need:

    List of Documents Required for Resident Individual Accounts

    • PAN Card of the individual
    • Aadhaar Card (linked to an active mobile number)
    • Cancelled cheque leaf with printed name and bank details OR Bank statement
    • A digital copy of your signature
    • Income Proof (refer valid Income Proof documents as mentioned above)
    • Passport size photograph
    • Address Proof (for offline mode)

    List of Documents Required for Companies or Corporate Accounts

    • Duly filled documents for Commodity forms, and Trading and DEMAT; along with the photographs of the Entire Team of Directors or Authorised Signatories. The documents should be signed across by the signing authorities.
    • Copy of the PAN card of the company, duly attested by Authorised Signatories and Complete Team of Directors
    • Copy of address proof of the company, duly attested by Authorised Signatories and Complete Team of Directors
    • Copy of Balance Sheet of the company for the last two fiscal years, duly stamped and attested by Authorised Signatories and Complete Team of Directors
    • Copy of documents for Income proof of the company, attested by Authorised Signatories and Complete Team of Directors
    • A certificate declaring the Incorporation of the Company along with a seal and signatures of the Authorised Personnel of the Company
    • The MOA (Memorandum of Association) ad AOA (Articles of Association) with the first four pages signed and sealed by the Authorised Personnel of the Company
    • In case name of the present Directors does not appear on the MOA and AOA, a duly filled Form 32
    • Passport sized photographs of all Individual Promotors holding direct or indirect control over the company
    • A FATCA ( Foreign Account Tax Compliance Act) declaration of the Company along with that of the individual Directors.
    • A Board Resolution along with duly filled annexures bearing the authorised Director’s seal and signatures
    • Individual KYC forms duly filled and signed by each Director
    • Sets of the above documents for the in-person verification

    List of Documents Required for Partnership accounts,

    • Duly filled forms and documents required for opening a Trading and DEMAT account and/or Commodity account, bearing the signatures across the photographs of each individual authority.
    • Partnership Annexures with sign, and official seal of the Authorised Partner’s signature
    • A copy of the Partnership Deed that is attested by a public notary
    • Copy of PAN card of the company and the PAN cards of the individuals
    • Copies of Address proof of the firm and the address proof of the partners in the firm
    • Proof of bank account - can include cancelled cheque leaf, bank statement, bank passbook or a letter from the Bank
    • Balance sheet of the company spanning over at least 2 financial years.
    • Income proof documents
    • FATCA Declaration by the Company and all individuals forming the partnership
    • Registered partnerships will have to produce a copy of the certification of Registration
    • Copies of Aadhaar card of each individual
    • KYC form duly filled out and signed by each partner
    • Copies of the documents mentioned above for in-person verification.

    List of Documents Required for HUF accounts

    • Duly filled forms and documents for opening a Trading and DEMAT account and/or Commodity account bearing the photographs of the Karta signed across the photo
    • PAN card of the Karta and the PAN card of the HUF
    • Address proof of the Karta and the address proof of the HUF
    • Income Proof of the HUF
    • Photocopies of the PAN card of the co-parcener
    • Duly filled and signed annexures
    • All documents must bear a seal and be signed by the Karta.

    How to check Zerodha Account Opening Status?

    The account opening process is quick and you will need about 48-72 hours to have your account up and running. However, if there is any kind of issue with the verification of your identity or documents, the process may be delayed.

    You will know your account opening status as active when you receive a welcome email from [email protected] on your registered email ID. The mail will contain your login ID and password.

    Zerodha Account Opening Form

    If you wish to obtain the Account Opening forms from Zerodha, you can give a call to 080 4913 2020 to speak with a Sales Representative, who will send you all the necessary forms by mail.

    Alternatively, visit the homepage of Zerodha and head over to ‘Open an account’ tab and click on the “Call me Back” option. Through this method too, you will get in contact with a Zerodha Sales Representative who will mail you the account opening form for the segment that you desire.

    For those wishing to find out the forms on their own, navigate to Zerodha Resources and scroll below to the “Application Forms” tab, you can download the forms for the following:

    Zerodha Account Closure Process

    As Zerodha states, account closure is much different that account deactivation. Upon closing your account, you will have to reapply fresh for account opening if you wish to once again trade over Zerodha. Before applying for account closure, you need to ensure that:

    • You do not have any debit or negative balance in your trading account. If so, you will have to settle your dues before application for account closure.
    • You do not hold any securities in your DEMAT account.

    For closing your Zerodha account, downlaod the account closing form. Fill out all the details and choose “Close account” in the checkbox. Send the duly filled and signed account closure form to Zerodha at Zerodha Head Office.

    Alternatively, if you wish to close your account using your digital signature, you can raise a ticket with Zerodha with your account closure request. Here is how you can raise the request:

    • Enter all your details by editing the prescribed form through MS Word or any text editor
    • Log into Digio over https://digio.in. If you do not have an account, sign up for it.
    • Upload the account closure form by clicking on the ‘Add Document’ option.
    • Click on the icon to digitally sign the document.
    • Enter the VID code, following which, enter the OTP that you will receive on your registered correspondences.
    • Once the document has been digitally signed, download it and submit it by raising a ticket with Zerodha.

    Zerodha takes about 5-7 business days to process your account closure request. The account closing process shall be effective after a month from the receipt of account closure request from the client. However, in the event that the dues against your account have not been settled, the date of confirmation shall stand from the day all the pending payments have been made. From thereon, the account closure will take place after the lapse of one month from the date of confirmation.

    Zerodha Account Deactivation

    How to deactivate Zerodha Account?

    Zerodha offers to its clients an account deactivation facility wherein they can halt trading temporarily until they wish to resume it later. Upon deactivation, your account will be frozen and no credit or debit can take place in that duration. Furthermore, no AMC will be charged by Zerodha and all your access to trading platforms and its accessories will be revoked.

    To deactivate your account, download the form and select ‘Account Deactivation’ and fill up the remainder of the information. You can courier it to the main Head Office or you can submit it (after putting your digital signatures) after raising a ticket with Zerodha. The process of putting your digital signature on your account deactivation form is similar to that outlined in the account closing portion.

    It takes nearly 5-7 working days to process the account deactivation request.

    Zerodha Account Reactivation

    How to reactivate Zerodha Account?

    As mentioned earlier, you cannot reactivate your account once you have closed it. However, if you have deactivated your Zerodha account, then you can reactivate it by following the steps given below:

    • Write a letter to Zerodha with the account reactivation request.
    • Enclose copies of basic KYC documents (self-attested)
    • Send the letter and the documents to the Zerodha Head Office, Bangalore.

    Alternatively, you can also drop off the forms in person or at your closest Zerodha Offline Branch.

    Is Zerodha Good and Reliable Broker?

    Being the number one discount broker and serving a large client base, Zerodha hardly has anything to prove. It has brought forth an assortment of innovations especially in the technological aspects of trading. The greatest advantage that Zerodha offers to its users is the remarkably low brokerage. Considering the volume and stature of the company, it is entirely safe and less likely to go bankrupt.

    However, it does have its own share of technical glitches that plague a number of users. What one needs to understand is that discount brokers with a vast user base do not have the necessary means to handle and fix all issues promptly. That being said, the platform is greatly beneficial for beginners who trade in cash, and futures and options.

    New Account Opening - How to join Zerodha?

    Joining or Opening a Trading account with Zerodha is quick, Please provide your contact details and Zerodha Representative will call you ASAP to explain you the process. As we have mentioned opening a new account with Zerodha is a paperless process, so with the guidance of Zerodha representative, you will be in a position to open an account on the same day.

    For submitting your duly filled forms through the offline mode, you can drop your documents at the closest Zerodha branch. The branch will forward the same to the Head Office.

Request call back from Zerodha

    New Account Opening offers with Zerodha

    Even though Zerodha does not offer any specific new account opening offers, it does provide free delivery trading for all of its users.

    Zerodha Promo Code

    Unfortunately, there are no promo code offers for new Zerodha account holders. However, you can gain free access to paid services and products through Zerodha’s attractive referral program.

    Zerodha Referral Code

    Earlier, Zerodha offered a percentage share brokerage for those referring the platform to their friends and peers. Unfortunately, this practice stopped on 25th April 2018.

    Since then, Zerodha has been running an Associate Program wherein on referring the platform to your friends and family, you will get free access to Zerodha’s paid products. This includes Screener, Sensibull, Sentinel, and Streak. You are rewarded with one month of free access to any of these platforms for every account opened using your referral code.

    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?

Last Updated on 2019-07-25

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