Zerodha Review 2021

If you deal in equity delivery based trades, then nil fees are applicable to your trading i.e FREE Equity Delivery Trade. However, if you start trading in equity intraday, F&O, Currency and Commodities, then you have to pay 0.03% or Rs.20 – the lowest amount will be applicable. In such case, your brokerage will be maximum Rs 20.

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If you’re a Zerodha account holder, then you can change registered bank account details in Zerodha account.

Steps to change bank account in Zerodha:

• Go to the official website of the broker.
• Under the “Support” section, click on the “Downloads and Resources”.
• A new webpage will be displayed, under the “change request forms”, click on the Zerodha Account Modification Form
• Download the form, take its printout, and send the duly filled account modification form to Zerodha along with the new bank account proof that can be anything among these;
  • Personalized cheque
  • Self-attested copy of bank statement with IFSC and MICR code.
  • Self-attested copy of the bank passbook’s front page.
   Open Instant Account with Zerodha

   

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The discount brokerage house doesn’t facilitate users to change their primary bank account online thus, the only offline process is available wherein users have to download the Zerodha account modification form from the broker’s website, fill the form and submit it to the broker’s head office. Notably, the service is not available to free of cost and charged at Rs. 25 for the account modification.

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In general, circumstances, if you have bought shares today then it will be reflected in your Zerodha Demat account after 2 days, called T+2 days. Notably, it includes only two working days, until the stock is delivered to your Demat account for 2 days, you can see the bought scrips in the t1 holdings. If you want to sell t1 shares then it is termed as BTST stands for “Buy Today Sell Tomorrow”. To sell t1 shares with Zerodha, one must place a sell order using the CNC option. It will still reflect to open position but by the end of the day, it will be automatically closed.

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No, the discount broker maintains full security for clients to prevent the account not to be hacked by unauthorized persons. You can also maintain your own account security by setting a two-factor authentication or creating a strong password. Even if in rare circumstances, any Zerodha user notices unauthorized access then the client must immediately inform the broker about the same.

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Yes, the discount brokers like Zerodha provides both the online as well as an offline route to open an account. The online account opening process is tech-savvy that saves time because all the information is provided online on the broker’s website. The process doesn’t take more than 15 minutes and if the client has entered the information correctly and no discrepancy found, then the account will get activated the same day.

Zerodha Online Account opening process

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If you’re either an existing Zerodha account user or looking to open an account with Zerodha, then it is obvious to be concern about whether the broker can go bankrupt or not and the point is completely valid because everyone wants to open an account with a trusted broker. Talking about Zerodha, as of now, there’re no signs of bankruptcy due to the following reasons;

• A decade of experience and proven track record in the Indian stock broking industry.
• Largest discount broker with a huge clientele base making an overall contribution of 15% to the total retail trading volume.
• Strong compliant management ratio even below less than 1%.
• Sound management history.

However, as the future is unpredictable so even if in unforeseen circumstances, Zerodha goes bankrupt then still, your investment is safe. It is because your investment are held with the depository participant – CDSL. So, if in future, Zerodha goes bankrupt then you can open a new Demat account with any other broker and link it to your existing DP to access your portfolio.

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If you are an existing Zerodha user or even if looking to become a part of Zerodha client base then you can contact with Zerodha differently, as follows;

• Existing customers: Existing Zerodha clients can login with Kite and then raise ticket on support portal to resolve any query. Alternatively, they can also call at support desk at 080 4718 1888. Notably, the broker doesn’t accept any query over mail.
• New customers: In case, if you’re a potential customer means looking to open an account with Zerodha, then you can contact the broker over telephone at 080 4718 2020/080 7117 5337.

As the broker also has a widespread geographical network through a number of branches, so you can also contact Zerodha offline by visiting the broker’s branch.

Zerodha Branch Locator

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If a company has declared dividends and you hold shares of a particular company in your Zerodha Demat account before the dividend declaration date then you will be able to get the dividend. The dividend will be automatically credited to your primary bank account linked with Zerodha account.

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Yes, the discount broker Zerodha is offering free equity delivery trade and free direct mutual funds investment on the Coin platform. Thus, if anyone is only looking to invest in either mutual funds or wants to trade-in equity delivery segment or even in both of these, then Zerodha is the best broker one must look for. However, trading in other segments i.e. equity intraday, futures & options, commodity, and currency, the Zerodha charges brokerage of Rs. 20 per order.

• Equity Delivery: Free at zero brokerage
• Equity Intraday: 20 per executed order or 0.03% whichever is lower
• Equity, Commodity, and Currency futures & options: Flat 20 per executed order or 0.03% whichever is lower.
• Direct mutual funds investment: Free

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The discount broking firm Zerodha started its operations on 15 August 2010 and now, its discount brokerage model and in-house technology have made the broker country’s largest stockbroker.

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Zerodha DP ID is 12081600, you can easily find Zerodha DP ID after login your account on Zerodha Kite platform.

• Login with Zerodha Kite.
• Go to the “console” section.
• On the top menu bar, click on the “Account” option.
• Now, on the left-hand side, click on “Demat”. here, you can see demat account ID.

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Zerodha telephone code (Z Pin) is now called support code that is actually customer identification number when raising any query on support portal or placing telephonic orders via call & trade.

Steps to find the support code;

• Login your account with Zerodha Kite on either mobile or web.
• Now, go to “console”.
• On the top-menu bar, click on “Account”. Now, you can see an option “support code” which is actually the 4 digit code, click on the eye to make it visible.

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The brother duo Nitin Kamath and Nikhil Kamath are the founder or owner of Zerodha who started the business in the year 2010. It is a discount brokerage firm that is currently, India’s largest stockbroker in terms of overall contribution to the daily trading volume.

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When anyone looks to open a demat and trading account with Zerodha, then the first thing that raise everyone’s eyebrows is why Zerodha and not someone else? then its justifiable answer is provided hereunder;

• Cheapest brokerage – Flat Rs. 20 or 0.03% whichever is lower
• Zero brokerage on equity delivery trade.
• Free direct mutual funds investment.
• A broker with the largest market share in India.
• Multiple trading platforms i.e. Kite Web, Zerodha Kite App, Coin, etc.
• Widespread product portfolio.
• Excellent customer services.

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Zerodha deduct Annual maintenance fees, brokerage, DP charges, etc. from client’s trading account, if, in any circumstance, a client doesn’t have required balance in his account, then it will show negative balance.

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Yearly maintenance charge or Annual maintenance charge is the cost that every broker charge to manage the client’s trading and demat account. Zerodha demat yearly maintenance charge is Rs. 300, while there is no AMC charged on the Zerodha trading account and commodity trading account, which means Zerodha yearly trading maintenance fee is zero.

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No, Zerodha doesn’t facility foreign investment means you it doesn’t allow investment in stocks listed on Nasdaq. Only a few brokerage houses like ICICI Securities, Kotak Securities etc. offers foreign investment facility.

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T1, as the name itself, represents all those stocks who have been purchased but not yet credited to your Zerodha Demat account. For instance, if you’ve purchased shares yesterday, then today, it will remain as t1 holdings and will not be credited to your account. The reason behind this is the clearing & settlement process is 2 days means any stock that you’ve bought through the Zerodha trading account will be transferred or credited into your account within t+2 days.

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Post SEBI’s new peak margin norms came into effect from 1^st Dec 2020, if a client sells his shares in the Demat account or T1 holdings then only 80% of the sale proceeds will be credited to the client account on the same trading session and the balance 20% amount will be blocked as delivery margin and credited on the next trading day.

1. Selling of stocks in the Zerodha Demat Account: 80% sale proceeds will be available to purchase stocks or F&O trading and 20% will be available for trading in the next working day.
2. Selling of T1 holdings: If a client sold T1 holdings, called BTST (Buy Today, Sell Tomorrow) trades, 80% of the proceeds can be used to trade in stocks and 60% can be used to trade in the F&O segment.

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Yes, the new peak margin penalty is applicable on the sale of shares in the Demat account or BTST trades. Here, BTST refers to the stocks purchased today, and selling them tomorrow means the shares are not yet credited to the client Demat account.

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