Zerodha Demat Account Opening

Zerodha Demat Account Opening Using Aadhar is a very simplified process and in this detailed review, we will be looking at all the steps involved.

You have to make sure that you have all the requisite details and documentation while you are going through the Zerodha demat account opening process. Most of the documentation is pretty standard in nature and you don’t really have to go out of your way to arrange that.

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Zerodha Sign Up

For opening demat account, these days have become a much simpler task as compared to it was sometime back.

Now, you don’t really need to go through the complete process manually. Innovative stockbrokers such as Zerodha (and the likes) have come up with new technology-enabled break-throughs every now and then.

You can grab an overview of the process to open a BSE Account to get a clear idea of the process and requirements.

Some of the other top USPs (Unique Selling Propositions) of Zerodha include:

• Zerodha brokerage charges for delivery trades is ₹0
• 0.01% of your trade value of a maximum of ₹20 per executed trade across other segments (check Zerodha Brokerage Calculator)
• High-performance trading platforms
• Customer education
• One of the best stock brokers in India in terms of the number of active clients

The Zerodha Demat Account Opening process has become completed online along with some of the other prominent stockbrokers in India.

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As per the latest ruling of the Indian Supreme court, a financial firm including a bank, stockbroker etc cannot ask for an aadhar card as a mandatory document. However, it is still one of the provisions that are open in which a demat account can be opened.

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Zerodha Demat Account Opening Using Aadhar

As far as the Zerodha demat account opening process is concerned, this can be done in very few steps from this very laptop or mobile you are reading this article from.

All you need is a few documents, an online payment transfer process, KRA* enabled Aadhar Card and Voila – You are done!

*KRA: If you already have a demat account with any other broker, then you are already KRA enabled. If you are a beginner, then it is better to get it verified first.

In this detailed article, let’s break all these steps and see what you will need to do in order to open your Zerodha demat account online.

Open the account for free and start investing. Also, Zerodha offers a better way to its member to earn money with Zerodha refer and earn.

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Zerodha Demat Account Opening: Step 1

Basic Details

First and foremost, you need to provide your basic personal details as shown in the form below. You must make sure whatever details are entered here are valid.

 

Once the details are entered, post verification – a callback is arranged for you with the executive who explains to you the complete online account opening process, documents required for demat account, payment information and other related formalities.

You may choose not to take the call as well but it is generally recommended to have a quick discussion first. This helps you to get clarification on any of the doubt(s) you may have regarding opening a demat account.

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Zerodha Demat Account Opening: Step 2

Set Zerodha Password

There is a possibility that you might not be able to complete the Zerodha demat account opening process in one go.

At times, we don’t have access to documents or the online money transfer facility is not working. By setting a password, you don’t need to refill all the details and can continue from the step you last left.

The system requires you to enter a password and refill it to validate the password set by you.

Once you have set the password, you need to click on the ‘Continue’ button to proceed to the next step.

Remember, the password you set here must be easy to remember for you and at the same time, a combination of characters, numerals and alphabets so that it is not easy for anyone else to crack.

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Zerodha Demat Account Opening: Step 3

PAN Card

PAN Card is a mandatory document in the overall Zerodha Demat Account Opening process. This is not just crucial with Zerodha but with any stockbroker in India as well.

In this step, you need to enter your PAN card number along with the DOB (Date of Birth) mentioned on your PAN card.

You need to make sure that the PAN Card you enter is a valid one. Invalid PAN card numbers will not be entertained and you will not be able to move to the next step.

Also, don’t worry about entering such details for this is a completely secure system and all the entered details are kept confidential.

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Zerodha Demat Account Opening: Step 4

Payment

Next up, you are supposed to make the payment depending on the Zerodha demat account type you look to open. The discount broker offers 2 types of accounts:

• Equity & Currency account costs ₹300
• Commodity trading account costs ₹200

Now, based on your preferred trading class, you can make the corresponding payment online and move ahead to the next step.

You may choose to select both types of accounts as well in case you prefer trading in both segments.

In case, for some reason, the payment does not get processed online – don’t worry. It’s better to get in touch with the customer support of your bank and Zerodha to verify the payment status.

You may choose to wait for a few hours till the payment issue gets resolved and continue from the payment step later. Otherwise, you can get in touch with the Zerodha Customer care as well.

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Zerodha Demat Account Opening: Step 5

Bank Details

Since we established at the start that you must be KYC enabled in order to open your Zerodha demat account online, thus, this step will validate that establishment here.

You will be required to enter your bank details to go along with some of the personal details related to your political, social and professional backgrounds.

Post entering these details, you may click on the ‘Continue’ button in order to move to the next step.

Make sure all the details entered here are completely valid to avoid any re-work later. Adding incorrect banking details may lead to financial transaction issues as well.

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Zerodha Demat Account Opening: Step 6

Aadhar Card

From here, you have 2 options.

Either you can use the Aadhar card route where you are required to provide your Aadhar card number or you may choose to print the forms and courier to Zerodha’s nearest branch.

Since you are looking to open the Zerodha demat account online, you should ideally choose the Aadhar Card Option and click on the ‘Continue button as displayed below.

This is a much easier option and most of the processes involved in the Zerodha demat account opening will not require any manual intervention.

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Zerodha Demat Account Opening – Step#7:

Upload Documents

This is the step in the overall process of Zerodha Demat Account Opening, where you upload the requisite documents including:

• Bank Proof – this can be your bank statement, canceled cheque or the first page of your passbook.
• Income Proof – this can be your income statements for the last 6 months or your income tax returns
• eSignature – here you can sign in to your entered email id or you may log in using Google as well. You will be required to validate your email through an OTP (One time password) sent to your email.

For more information, you can check this detailed review on Documents required to open a Zerodha Account.

This step will be followed by Aadhar card verification as well where a pop up will be displayed to you as shown:

You must enter the OTP sent to your registered mobile number and click on ‘Verify’. In a sense, this will work as your signature. To actually complete this step, you need to click on the ‘Sign Now’ button shown on the screen displayed to you post OTP verification.

This is how it looks:

Once you complete the Signing part, you will be done with the Online process of Zerodha demat account opening.

As a final step, you need to download and print the Demat POA (Power of Attorney) document, sign it and send it to the closest office of Zerodha from your location.

This is one such step where a physical transfer of documentation is still needed in this overall online process of Zerodha demat account opening.

Post verification of documents, fees, and your signature, your account will be activated and Zerodha’s team will send you the onboarding kit along with the credentials for different platforms. The confirmation of account opening is provided through email where the broker sends you the welcome kit with Zerodha login id an Password details.

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Zerodha Demat Account Opening Charges

As far as the account-related charges are concerned, Zerodha charges the following prices that are required to be paid:

• Trading Account Opening Charges: ₹200
• Demat Account Opening Charges: ₹100
• Commodity Account Opening: ₹200
• Trading Account Opening: ₹200
• Annual Maintenance charges or AMC: ₹300

Apart from that, you are supposed to pay brokerage on your trades. You can find info on Zerodha Brokerage as well.

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Zerodha Account Opening Time

If you have complete documentation and understand how to perform Zerodha IPV (In-Person Verification) online, it would take you around 20-25 minutes to complete the overall formalities.

These formalities include:

• Entering your basic details
• Uploading documentation
• Performing In-Person Verification
• Providing bank details
• Making the payment

There could be one or two more steps depending on the inputs you enter in your overall account opening journey.

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Zerodha Demat Account Opening Form

If you want to start your Zerodha demat account opening process, you can do it through this online form displayed below:

 

You may also choose to download the following forms as well:

• Zerodha Equity Form
• Zerodha Commodity Form

This needs to be understood that the online account opening process is, obviously, way quicker than its offline counterpart. Furthermore, the former brings much more convenience while the latter has its hassles.

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Zerodha Demat Account Opening Documents

As mentioned above, you must make sure that the documentation you provide is completely valid, authentic and must come with no mistakes.

If any of this happens, it will unnecessarily delay the Zerodha demat account opening process.

Here is the complete list of documentation:

• PAN Card
• Aadhaar Card
• Canceled Cheque or Bank Statement
• Scanned Photograph
• Scanned Copy of Your Signature
• Income Proof (anyone)
  • Form 16
  • IT Acknowledgement Copy
  • Bank statement for the last 6 months
  • Latest Salary Slip
  • Demat Holding Statement
  • CA acknowledgment of your worth

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Zerodha Demat Account Opening Offers

The broker runs no or limited offers in regards to any free demat account or free annual maintenance charges.

Neither the broker provides any brokerage cashback. The only offer you can avail from Zerodha is its zero brokerage on delivery trades but that is what their proposition is, anyway.

We run a few offers every now and then. Keep watching this space for more.

 

Zerodha Offline Account Opening

A few traders may prefer trading through offline mechanisms.

The broker allows offline account opening provision as well where you can get in touch with the Zerodha Customer Care team and a corresponding executive will be assigned to you.

You will be required to download the Zerodha account opening form and courier those to Zerodha’s office in Bangalore after filling in all the necessary details.

During the offline process, the complete procedure will be explained to you. You will be required to provide hard copies of all the documentation mentioned above, sign those and then courier it to the broker.

The details will be processed and the account opening will be done in a few days as compared to a few minutes in case of the online process.

Once the process is completed you will get Zerodha User ID and password to access its trading app.

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If you are still confused about how to move ahead in this process of account activation, you may just fill in the form below and we will assist you in resolving any of your queries:

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More on Zerodha:

If you wish to learn more about this discount broker, here are a few reference links for you: