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 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:
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:
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.
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:
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.
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:
At Zerodha, you can open the following accounts:
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.
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
List of Documents Required for Companies or Corporate Accounts
List of Documents Required for Partnership accounts,
List of Documents Required for HUF accounts
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.
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:
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:
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:
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.
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.
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:
Alternatively, you can also drop off the forms in person or at your closest Zerodha Offline Branch.
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.
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.
Even though Zerodha does not offer any specific new account opening offers, it does provide free delivery trading for all of its users.
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.
From Jan 1st 2020, Zerodha Started again 10% referral bonus to your friends and family.
Whether it is equity or commodity, both of the deliverables take 24 hours to reflect in your bank account. If this is getting delayed more than 24 hours, then you have the right to raise a complaint ticket with the broker. As NEFT transfer is available 7 days a week, so now all request will be closed daily. Usually payout will be done once a day after market close to do daily market settlement in individuals account.
Whether it is equity or commodity, both of the deliverables take 24 hours to reflect in your bank account. If this is getting delayed more than 24 hours, then you have the right to raise a complaint ticket with the broker. As NEFT transfer is available 7 days a week, so now all request will be closed daily. Usually payout will be done once a day after market close to do daily market settlement in individuals account.
Client ID is shared with you in your welcome email. So please refer your welcome kit. In case you are not able to find your welcome email, you need to contact zerodha customer support team with your registered mobile number and email address.
Anybody who has attained the age of 18 years old can perform a trading.
To open Trading and Demat account in Zerodha for below 18 years old is comes under the minor account.
On behalf of your child, you can open a Demat account and initiate the investment in stocks with your name. Furthermore, you have to make the off-market transfer of these stocks to your child’s Demat account so that the investment will start reflecting in the desired account.
Once that minor has attained the age of 18 years, then a new KYC or KRA form has to be submitted at that time, declaring all the information of the new account holder.
The old account will be closed with immediate effect and a new account will be furnished to the new account holder.
Yes. You can opt to change your existing Zerodha account into an NRI-NRO Trading & Demat account.
Please make a note here that if you want a conversion of your individual resident account to an NRI-NRE account, then this facility is not provided by Zerodha.
Last Updated on 2020-01-24
