How to Open a Zerodha Demat Account? Opening a Demat account with Zerodha, one of India’s leading stockbrokers, is straightforward.
This guide will walk you through the necessary steps, the required documents, and the associated charges.
Step by Step Process
Step 1: Visit the Zerodha Website
1. Go to Zerodha’s Official Website:
Open your web browser and navigate to website (https://zerodha.com/ ).
2. Start the Account Opening Process:
Click on the “Sign up” or “Open an Account” button on the homepage. This will redirect you to the account opening form.
Step 2: Enter Your Basic Details
1. Provide Your Mobile Number and Email ID:
Enter your mobile number and email ID. You will receive an OTP (One-Time Password) on your mobile phone for verification.
2. Verify the OTP:
Enter the OTP received on your mobile number to verify it.
Step 3: Fill in Personal Details
1. Enter Personal Information:
Fill in your personal details such as full name, date of birth, and PAN (Permanent Account Number).
2. Upload Your PAN Card:
Upload a scanned copy or a clear photograph of your PAN card.
Step 4: Enter Bank Details
1. Provide Bank Account Information:
Enter your bank account details, including the account number and IFSC code.
2. Upload a Cancelled Cheque or Bank Statement:
Upload a cancelled cheque or a recent bank statement to verify your bank account details.
Step 5: Complete the KYC Process
1. Upload Address Proof:
Upload a scanned copy or a clear photograph of your address proof. Accepted documents include an Aadhaar card, passport, voter ID, driving license, or utility bills.
2. Upload Income Proof (Optional but Recommended for Derivatives Trading):
If you wish to trade in derivatives, you need to provide income proof. Accepted documents include the latest salary slip, Form-16, income tax return acknowledgment, or a bank statement showing your income.
Step 6: In-Person Verification (IPV)
1. Complete IPV: As per SEBI guidelines, In-Person Verification (IPV) is mandatory. You can complete IPV through a webcam or your smartphone camera. Follow the on-screen instructions to record a short video.
Step 7: E-Sign Your Application
1. Sign Using Aadhaar: Zerodha uses Aadhaar-based eSign to complete the process. Ensure your mobile number is linked to your Aadhaar for OTP verification.
2. Verify via OTP: Enter the OTP sent to your Aadhaar-registered mobile number to eSign the document.
Step 8: Pay Account Opening Fees
1. Make the Payment:
Pay the account opening fees online. The charges for opening a Zerodha Demat and trading account are as follows:
-Equity, F&O, Currency & Commodity: ₹200
-Equity and Commodity: ₹300
Step 9: Submit Your Application
1. Submit the Application:
Once all details are filled, documents are uploaded, and fees are paid, submit your application.
2. Wait for Confirmation:
You will receive a confirmation email once your application is processed. This usually takes 24-48 hours.
Required Documents Checklist
1. PAN Card
2. Aadhaar Card
3. Cancelled Cheque or Bank Statement
4. Address Proof (Aadhaar, Passport, Voter ID, etc.)
5. Income Proof (for derivatives trading)
Charges Overview
Account Opening Fees:
- Equity, F&O, Currency & Commodity: ₹200
- Equity and Commodity: ₹300
Annual Maintenance Charges (AMC):
- Demat account AMC: ₹300 per year
Transaction Charges:
- Equity Delivery: Free
- Equity Intraday: ₹20 or 0.03% per executed order (whichever is lower)
- F&O: ₹20 per executed order
- Currency & Commodity: ₹20 per executed order
Zerodha/Customer service
080 4718 1888
080 4718 1999
Monday to Friday from 8:30 AM – 5:00 PM for assistance on-call
Visit support.zerodha.com to learn FAQs and create a ticket for further assistance.
Conclusion
Opening a Zerodha Demat account is a hassle-free process that can be completed online in simple steps.
Ensure you have all the necessary documents ready, follow the steps outlined above, and you’ll be trading in no time.
Zerodha’s competitive charges and user-friendly platform make it an excellent choice for both beginners and experienced traders in India.
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