Is Opening a Demat Account in Zerodha Free?
No, opening a Demat account in Zerodha is not free. Zerodha charges an account opening fee to open your account. It is a nominal amount of Rs. 200 that every user has to pay to open an account in Zerodha.
Additionally You have to pay trading broker charges and other various charges like STT, GST, etc. when you place the trading order.
In this article, we have discussed in detail the Demat opening charges in zerodha, the account opening process (online and offline), brokerage charges, Is Opening a Demat Account in Zerodha Free, and the documents required.
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How much does it cost to open a Demat account in Zerodha?
Zerodha Trading Account Opening Charges are Rs 200 for Equity + Currency and Rs 300 for Equity + Currency + Commodity.
Additionally, Zerodha charges annual maintenance charges for the Demat account and the AMC charges are Rs. 300 per annum.
Know More : Zerodha Brokerage Charges, Fees, AMC, Transaction Charges 2024
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Is Zerodha kite free or paid?
Zerodha Kite is a trading platform that allows Zerodha users to trade (buy and sell shares). Zerodha kite is absolutely free to use for Zerodha users. You must have a Zerodha trading and demat account to access Zerodha Kite. Is Opening a Demat Account in Zerodha Free?
Also check: Can I Open Two Demat Accounts With One PAN Card in Zerodha 2024?
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How Much Money do I Need to Open a Zerodha Account?
As we discussed above, Zerodha account opening charges are Rs. 200 for equity and currency trading, hence, you must need Rs. 200 to open a Zerodha account. Is Opening a Demat Account in Zerodha Free?
Zerodha Brokerage Charges
| Zerodha charges | Equity delivery | Equity intraday | F&O – Futures | F&O – Options |
| Brokerage | Zero Brokerage | 0.03% or Rs. 20/executed order whichever is lower | 0.03% or Rs. 20/executed order whichever is lower | Flat Rs. 20 per executed order |
Zerodha Other Charges
| Securities Transaction Tax (STT) | 0.1% on both Buy and Sell 0.025% on the Sell Side |
| Goods and Services Tax (GST) | 18% (Brokerage + Transaction) 18% on (Brokerage + Transaction) |
| Stamp Charges | 0.015% (Rs 1500 /crore) 0.003% (Rs 300 per crore) on buy-side |
| Call and Trade feature | Rs 50/call |
| Additional charge of for MIS/BO/CO positions which are not square off by the customer | Rs 50 per executed order |
| Physical copies of contract notes | Rs 20 per contract. Courier charges are extra. |
| DP charges for delivery based equity selling | Rs 13.5 + GST (18%) per transaction |
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What Are The Steps to Open Zerodha Account? – Online Process
If you want to open a Zerodha account, here are simple steps that you need to follow:
Step 1: Visit the Zerodha website and enter the mobile number to open a zerodha account.
Step 2: You will receive an OTP. Enter the OTP to verify the details.
Step 3: Enter details such as full name (should be the same as mentioned in Aadhar Card, PAN card, and Bank), email ID, PAN card number, and Date of Birth (DOB).
Step 4: Proceed further to pay Zerodha Demat Account Opening Charges (Rs 200 for Equity trading account and Additional Rs 100 if you want to open a commodity account also).
Step 5: Once you have filled all the above details, it will ask to connect Aadhaar details via Digilocker.
Step 6: Complete the Aadhar verification. After that, it will ask you to enter your bank details.
Step 7: The next step is IPV verification (In-person Verification) over a webcam or phone. Here, you need to capture your selfie for the verification.
Step 8: After that, you need to submit your signature.
Step 9: Next step is to submit the required income proof documents such as Bank Account Proof, signature, PAN card, and income proof, if applicable. (check the documents list below).
Step 10: After successfully uploading the documents, click on eSign Equity and enter the Security Code. You will get the security code on the registered mobile number and click on the Submit button.
Step 11: The last step is to enter your Aadhaar number and click on the button ‘Request OTP’. Enter the OPT received and the Zerodha account opening process is completed. Is Opening a Demat Account in Zerodha Free?
What are the steps to open Zerodha account? – Offline Process
You also have an option to open a Zerodha account offline. In the offline process, you need to submit the application forms. However, the offline account opening charges are different from the online charges.
Let’s discuss the step-by-step process and charges to open a Zerodha Demat account offline:
Zerodha account opening charges offline:
| Zerodha Trading & Demat Account | Rs. 400 |
| Zerodha Trading, Demat & Commodity account | Rs. 600 |
Zerodha account opening process offline
Step 1: Fill the application forms from the Zerodha website. Here are the required application forms that you’ll need to fill out to open an account in Zerodha:
- Equity trading and demat account form
- Commodity account form
- Zerodha Nomination Form
Step 2: Print out all the above forms, fill them up, and sign them.
If you face any problem or need any help to fill out the application form, you can directly call Zerodha customer care at 080 4913 2020.
Step 3: Attach the photocopies of the required documents such as your PAN Card, Address proof (Aadhar Card, driving License, voter ID, etc.), Cancelled Cheque/Bank statement, Income proof, and passport-size photographs. You need to self-attest all the documents before couriering them to the company.
(Refer to the list of all documents below). Is Opening a Demat Account in Zerodha Free?
Once you fill it up and sign it, you have to send the application forms over to the Zerodha head office address:
#153/154 4th Cross Dollars Colony,
Opp. Clarence Public School,
J.P Nagar 4th Phase, Bangalore – 560078
Documents Required – Zerodha Demat Account Opening
1. Photocopy of PAN card
2. Photocopy of Aadhaar card
3. Mobile number linked with Aadhar card
4. Bank Proof: Cancelled cheque/Bank statement/Passbook front page(Anyone of them) to link with your bank account.
5. Income proof is mandatory if you want to trade in Futures and Options:
a. Form-16
b. Income Tax Return Acknowledgment
c. 6-month Bank statement
d. Latest salary slip
What to do next after opening an account in Zerodha?
Read here: How to Buy Shares in Zerodha Kite Long Term 2024?
Conclusion – Is Opening a Demat Account in Zerodha Free?
While concluding our article on Is opening a demat account in Zerodha free, we would like to add that Zerodha is a great broker with a good platform and low brokerage fees. The account opening charges are also minimal, i.e.Rs 200 per annum only.
Additionally, Zerodha also allows you to invest in other segments like Bonds, Debentures, Shares, Mutual Funds, IPOs, etc., all under one platform. Is Opening a Demat Account in Zerodha Free?
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