In this updated guide, I’ve explained how to open Zerodha account, exploring the latest information on opening charges, Annual Maintenance Charges (AMC), and the seamless process.
Is Opening an Account on Zerodha Free?
Certainly! Nope, getting a Demat account in Zerodha isn’t without cost. There’s a nominal zerodha account opening fee of Rs. 200 that you’ll need to pay during the process of opening a zerodha account.
Read more in detail: Is Opening a Demat Account in Zerodha Free?
Also, if you are looking for a Detailed Zerodha Demat Account Review? Click to read our Zerodha Review and choose the best discount broker.
What are the Zerodha Account Opening Charges And AMC?
Zerodha Trading Account Opening Charges are Rs 200 for Equity + Currency and Rs 300 for Equity + Currency + Commodity.
Additionally, Zerodha charges annual maintenance charges (AMC) for the Demat account and the AMC charges are Rs. 300 per annum.
Particulars | Zerodha fees |
Zerodha Trading Account Opening fee | Online Rs 200 (Equity +Currency), Rs 300 (Equity +Currency +Commodities) |
Zerodha Trading Account AMC Charges | Rs 0 (Free) |
Zerodha Demat Account Opening Charges | Rs 0 (Free) |
Zerodha Demat Account AMC Charges | Rs 300 per annum |
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Also Check: Unlock Unbiased Indmoney vs Zerodha Review (Updated 2024)
Which Documents are Required for Zerodha Account Opening?
If you are opening a Resident Individual Account, then here is the list of documents required for Zerodha:
1. Photocopy of PAN card (you need to upload it on Zerodha’s portal).
2. Photocopy of Aadhaar card
Note: If you don’t have any number linked with Aadhar, you need to visit your nearest Aadhaar, Seva Kendra, to get your number updated/linked.
3. The mobile number linked to your Aadhar (you will receive the OTP in that particular number only)
4. Bank Proof: Cancelled cheque/Bank statement/Passbook front page (you need to upload any one of them to link your bank with zerodha for the purpose of transferring funds to trade). How to Open Zerodha Account.
5. Signature: A scanned copy of the customer’s signature (you need to take a blank white paper, sign it, and upload this image to the portal).
6. Income proof (you need to upload any of the below income proof mandatorily only if you wish to trade in Futures and Options – Equity, Commodity, and Currency)
a. Form-16
b. Income Tax Return Acknowledgment
c. 6-month Bank statement
d. Latest salary slip
e. Networth certificate from a CA
How to Open Zerodha Account?
Zerodha allows two ways to open Zerodha trading and Demat account
1. Online
2. Offline
Step by Step Process to Open Zerodha Account Online
Step #1: Mobile Number and Email Verification
- Firstly, you need to visit the Zerodha website. You can click here to go to the Zerodha account opening website. Fill your mobile number and click on continue.
- You will receive an OTP on the above number to sign up.
- Once you submit the OTP, enter your full name and email id. You will receive an OTP on your mail id also. Enter the OTP to verify your mail id.
Step #2: Submit PAN Details
- You need to enter your PAN number and DOB as mentioned on your PAN card. Click on continue.
Step #3: Segment Selection
- Select the trading segments you want to open, i.e., Equity (Fee Rs. 200) and Commodity (Fee Rs. 100). Here, you need to pay the Zerodha Account opening charges through net banking or UPI.
Step #4: Create And Share Digi-Locker With Zerodha
- You need to fill your Aadhar details through DigiLocker by signing in to our account which you have created in the previous step. Then click on “SHARE WITH ZERODHA”. How to Open Zerodha Account.
Step #5: Submit your Background Information
- You need to fill out background information like marital status, mother’s name, trading experience, annual income, occupation, etc.
Step #6: Link Bank Account
- You need to fill in bank details like IFSC code and Bank account number to link the bank with Zerodha. Confirm account number and select all the terms & conditions, and click on continue.
Step #7: Complete IPV For Zerodha Sign Up
- You need to complete in-person verification (IPV) over a webcam. For this, you need to take a blank white paper and write the OTP which is shown on the screen so that the camera can capture it clearly.
Note: In-Person Verification (IPV) is the process of verifying that the person opening the account and the documents submitted are of the same person.
Step #8: Upload Required Documents for Opening Account in Zerodha
- Upload the required documents as mentioned above such as a copy of PAN card, income proof, bank statement, and signature on a blank paper.
Step #9: Complete E-sign Process for Equity and Commodity Segment
- You need to complete the E-sign process with OTP. You will receive the OTP on your Aadhar linked registered mobile number to complete your e-sign process.
Note: If your Aadhar card is not linked to your mobile number, then you can follow the offline process (I have explained that below).
- E-SIGN For Equity Segment – Click on “Esign Equity”option and you have to enter a security code (you must have received it on your email id).
- E-SIGN For Commodity Segment – Before signing for commodity segment, you have to upload income proof and then click on continue to e-sign your commodity trading application form.
Once you complete the e-signing process, click on “Finish” and your Zerodha Account Opening process online is completed.
Note: Zerodha takes 24-48 hours to open trading and demat accounts online. Once your account will open, you will get the login details on your email. Now, you are ready to buy or sell shares in Zerodha.
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Step by Step Process to Open Zerodha Account Offline
It is recommended to follow the Zerodha account opening offline process if your mobile number is not linked with an Aadhar card; otherwise, follow the online zerodha account opening process to make the process easy and quick.
Step #1: Follow steps 1 to 7 of the online process (as mentioned above) and complete the IPV process.
Step #2: Select the option “I ‘ll print & courier.”
Step #3: Download the equity and commodity form, take a printout of it, sign the form, and courier it to Zerodha head office.
Note: Zerodha takes 7-8 days to activate a zerodha account once you complete all the steps of Zerodha account opening.
Zerodha Account Opening Form
You can download Zerodha account opening form offline here: Zerodha Account Opening Form
Important Tips and Precautions for Zerodha Account Holders
If you are an account holder with Zerodha, one of India’s leading stockbrokers, it’s crucial to keep certain tips and precautions in mind to ensure a smooth and secure trading and investment experience. Here are some important tips and precautions for Zerodha account holders:
#1. Secure Your Login Credentials
Never share your login ID, password, or PIN with anyone. Keep this information confidential.
#2. Use Two-Factor Authentication (2FA)
Enable two-factor authentication for an added layer of security. This typically involves receiving an OTP (One-Time Password) on your registered mobile number or email.
#3. Educate Yourself
Understand the stock market and trading processes before you start. Zerodha offers educational resources and webinars for its users. You can use my favourite resources to educate yourself:
#4. Diversify Your Portfolio
Avoid putting all your funds into a single stock or asset. Diversifying your investments can help manage risk.
#5: Use Stop Loss Orders
Implement stop-loss orders to limit potential losses. This is a valuable risk management tool.
#6: Stay Informed
Keep up with market news and events that might affect your investments. Zerodha’s trading platforms offer real-time data and news updates. How to Open Zerodha Account.
#7: Understand Charges and Fees
Familiarize yourself with Zerodha’s fee structure, including brokerage charges and other applicable fees. (Know all the Zerodha charges and fees: Zerodha Brokerage Charges, Fees, AMC, Transaction Charges 2023)
#8: Tax Planning
Be aware of the tax implications of your investments. Zerodha provides tax reports for your convenience.
#9: Maintain Adequate Funds
Ensure that your trading account has sufficient funds to cover your positions and any margin requirements.
#10: Customer Support
If you encounter any issues or have questions, don’t hesitate to reach out to Zerodha’s customer support. They can assist you with account-related matters.
Zerodha Account Opening Helpline Number
For any new account opening related queries, customers can directly contact the Zerodha customer care team. Here are the details:
Days | Timings | Contact Number |
Monday to Friday | 8:30 AM to 5:00 PM | 080 4719 2020 |
Saturday | 9:00 AM to 2:00 PM | 080 7117 5337 |
Conclusion on Zerodha Account Opening
In conclusion, opening a Zerodha account introduces users to a platform that blends efficiency with transparency in the realm of financial trading. While a nominal account opening fee of Rs. 200 is in place, the benefits of accessing Zerodha’s comprehensive trading services, coupled with their user-friendly interface, make it a worthwhile investment for those navigating the complexities of the stock market.
Frequently Asked Questions
1. What is the opening fee for Zerodha demat & trading account?
The opening fee for a Zerodha demat and trading account is a nominal amount of Rs. 200 for equity and currency trading.
2. How long does it take to open an account with Zerodha?
The account opening process with Zerodha typically takes 24-48 hours for online process and 7-8 days for the offline process after submitting all required documents.
3. What is the minimum balance required in Zerodha?
Zerodha does not require a minimum balance for maintaining your account.
4. Is Zerodha good for beginners?
Yes, Zerodha is considered good for beginners. Its user-friendly interface and educational resources make it a suitable platform for those new to the world of trading.
5. Does Zerodha charge monthly?
Zerodha does not charge monthly fees. However, it charges an annual maintenance fee of Rs. 300.
7. Can I transfer money to Zerodha from another bank account?
Yes, you can transfer money to your Zerodha account from another bank account. Zerodha provides various methods for fund transfer, including online transfers and UPI.