Zerodha Account

Looking for a Zerodha Account? Well, before you go ahead and start the process, why don’t you go through this quick review on multiple aspects related to a Zerodha Demat account and then make a decision.

We will go through some of the most important areas you must be aware of.

Let’s start with a few basics.

Zerodha is one of the top-performing discount brokers in India, in fact, it was the first discount stockbroker in India that launched back in 2010. The concept of discount broking has worked well in the Indian stock broking space and that is precisely the reason that there has been a flood of discount brokers in the last few years.

Zerodha Account Review

Zerodha brokerage charges are minimal. Delivery trades require no brokerage, while in the rest of the segments the maximum brokerage you need to shell out is ₹20 per executed trade. There is no dependency on the monetary value of the trade or the number of stocks you purchased as part of the order.

You can check this Zerodha Brokerage Calculator for more understanding of all sorts of charges you might need to pay in your trades.

If you are looking to open a demat account, the Zerodha Account Opening process is pretty simple. There are 2 ways basically:

• eKYC Aadhar
• Offline method

If your Aadhar card is eKYC compliant, then you can check this detailed review on  Zerodha Demat Account Opening.

Also Read: Zerodha Bank Account

If not, then you will need to use the conventional offline method where you are required to submit all the requisite Zerodha account opening documents along with the account opening forms.

Along with that, you need to see what kind of account you are looking to open. Are you looking to trade in Equity and currency only or you want to invest in commodities as well. In case you do, then you are required to fill the commodity account form separately. At the same time, pls make sure to learn about Zerodha commodity charges in advance.

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Zerodha Account Opening

So how to go about opening your account with Zerodha?

As mentioned above, if you have your eKYC done with your Aadhar card, then the process is completely online and you just need to provide your details, upload few documents, pay the fees, and you are done. There will be a verification process, which will also be online in nature, post you upload all the details.

Once verified, your account will be activated and you will be provided with a welcome kit along with a username and Zerodha password to access different trading platforms of Zerodha.

For the ones without eKYC done, you need to download and take the printout of these forms here:

• Zerodha Trading & Demat Account Form
• Zerodha Commodity Account Form

Provide your details here:

 

Once you have provided the details, an executive will be calling you back asking for some basic information to be added along. You will also be guided on how to fill the forms you have downloaded.

Along with filling the form(s), you are required to print a copy of the following documents as well:

• PAN Card (Mandatory)
• Address Proof (Passport, Ration Card, Driving License)
• Canceled Cheque
• 2 Passport-sized Photo
• Income Proof (for derivatives trading) – any one of the following will do – 6 months bank statement / 1-month Salary Slip / latest IT return / latest Form 16

Open an account with Zerodha and start earning with Zerodha Referral.

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Zerodha Account Opening Charges

If you are looking to open a Zerodha account, you need to incur the following charges (depending on the type of account) for opening and maintaining your account with the broker.

You must know that there will be account opening charges and along with that, there will be yearly maintenance charges that are to be paid every year.

Here are the details:

• Equity Trading & Demat Account: ₹300
• Commodity Trading Account: ₹200
• Annual Maintenance charges: ₹300

If you don’t want or can’t take printouts of the forms yourself, then the forms can be couriered to you at an additional cost of ₹100.

These charges are non-negotiable and are supposed to be paid upfront while opening your account. There are a few stockbrokers in India who provide free demat account in India and you may choose to open your demat account with those in case you are looking for such a provision.

Also Read: Zerodha Account FAQ

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Zerodha Account Opening Documents

In order to open your demat account with Zerodha, you are supposed to provide the following documentation to the broker:

• PAN Card
• Address Proof
• Aadhaar Card
• Income Proof
• 2 Passport-sized photos
• Canceled cheque
• Account opening cheque

For address proof and income proof, there are multiple provisions. To know more, you can check this detailed review on Documents required to open demat account.

If you are going through the online process, then you need to upload these documents followed by the step of Zerodha IPV that verifies all the information.

People using the offline account opening method need to courier to Zerodha’s headquarters:

ZERODHA SECURITIES PVT. LTD.
153/154, 4th Cross,
4th Phase, JP Nagar,
Dollars Colony, Opp. Clarence School,
Bangalore – 560078

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Zerodha Account Opening Time

Zerodha account opening time depends on your documentation.

If all the documents are correctly uploaded online, then the overall processing time varies between 2 to 3 business days.

In case you have gone through the offline route for your Zerodha account, then the time duration depends on factors such as the delivery time of your documents to the Zerodha headquarters. Once received, those documents will be validated likes in the case of online account opening.

Once all your documents are processed and the account charges have been received, you will be notified via email about your account opening.

You will be provided with Zerodha login credentials of your trading account as well.

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Zerodha Account Customer Care

There might be instances when you need to talk to the Zerodha support team. One may face issues such as delay in account opening, payment processing issues, incorrect details etc.

In such cases, Zerodha has opened multiple communication channels such as Email, Phone, Offline branches etc.

For more information, you can check this detailed review on Zerodha Customer Care.

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Zerodha Account Benefits

There are multiple benefits of using a Zerodha account for your stock market trading. Here are the details:

• Free Delivery Brokerage
• Low Brokerage charges in other segments
• Multiple Trading Platforms such as Zerodha Kite, Zerodha Kite Mobile App, Zerodha Coin, Zerodha Coin Mobile App, Zerodha Pi, Zerodha Streak, Zerodha Sentinel etc.
• Profitable company, thus, trust factor comes along.
• Algo trading with Zerodha possible
• Zerodha 60 day challenge to keep you motivated
• Free stock market education through Zerodha Varsity
• Also you can easily transfer the fund using the Zerodha UPI.

If these benefits look good enough to you as per your trading requirements, then you may choose to open an account with the broker.

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Zerodha Account Process

You need to make sure that you consider all these areas while you are busy in the Zerodha Account Opening process:

• You need to sign at all the required places wherever mentioned, otherwise, you will need to send the forms all over again.
• It’s better to get a complete walkthrough on how to fill the form appropriately from the executive to clear any of your queries you might have.
• If you are not KYC with your Aadhar card, it is suggested to get your KRA done either through your bank or get it done online.

Also read about the Zerodha Account Closure Process.

A KYC Registration Agency (KRA) is an agency registered with SEBI under the Securities and Exchange Board of India {KYC (Know Your Client) Registration Agency} Regulations, 2011. The KRA maintains KYC records of an investor centrally, on behalf of SEBI registered capital market intermediaries.

Generally, it takes 3-4 business days to get your account activated if you choose the offline way and 1-2 business days through the Aadhar card-based Zerodha account opening.

Also, you can read about Who can open a Demat Account in India.

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Conclusion

Aadhar card-based account opening process is much smoother and convenient for you and is suggested that you follow that route. Not only Zerodha but there are other stockbrokers that allow you to open your demat and trading account online.

This way, irrespective of your location, be it a 3rd tier city or a village for that matter, you just need to go online and get your account opened in a day’s time.

In case you are looking to get started with stock market trading, let us assist you in taking the next steps ahead.

Just fill in some basic details to get started:

 

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More on Zerodha:

If you wish to learn more about Zerodha and its offerings, here are a few references for you: