Zerodha: An overview
The article discusses the key features of the Zerodha and Zero dha account opening processes.
Zerodha is the largest retail stock brokerage in the nation that delivers its services to over 10+ lakh customers.
The company has Installed “discount brokerage ” model in India that is popular in developed markets.
The platform Zerodha offers Facilities The user to Access purpose-built trading applications where it Charges Very minimal fee of just rs20 irrespective of the trade size.
As it provides many of the amazing and easily accessible facilities to the user is the reason it becomes an attention seeker for the customers. Often the visitors willing to join Zerodha seek for the procedure to get an account in it and here we bring you the whole step -by – step guide and every minute detail of the facility.
Zerodha Account opening Guide
Zerodha serves us with the facility to create various types of accounts that follows –
- Equity and Derivatives Trading Account
- Equity Demat Account
- Commodity Trading Account
Equity and Derivatives Trading Account
An equity and trading account is what we create with a stockbroker of a recognized Stock Exchange.
It is the account to which we transfer funds to buy / sell Stocks, future and options.
This can be done either online or offline. In an online trading account we use the internet platform for Trading where as in an offline trading account, the trade is accomplished by calling the broker or visiting him. (Zerodha offers you the online trading account)
Equity Demat Account
The dematerialised account also is known as Demat Account, is the account used by the trader to keep his stocks and ensure their safety. It is a form of keeping the stocks in an electronic format.
Commodity Trading Account
A commodity trading account is the one you create with a commodity broker of a recognized commodity exchange. It is the account that we used to transfer funds for commodity trading.
Zerodha Demat Account Opening Charges:
Zerodha provides you the facility to open an account online or offline. In both of the cases whether you opt online or offline you need to pay the charges that are-
- Rs 300 for equity
- Rs 200 for commodity
Zerodha online account opening
If you wish to create your account through the Online process you need to follow several steps which are discussed later.
Zerodha provides the facility to create both Demat as well as commodity account at the same time whereas you can create them separately. So, we’ll be discussing the Demat account opening procedure first.
Zerodha Demat account opening
Opening a Demat account on Zerodha serves us with many benefits as it is very easily accessible and even the AMC is as low as Rs 300.
With all these exciting stuffs zerodha Demat account becomes a premium choice for the traders
Documents required for the Demat account in Zerodha
| Documents | Details |
| Aadhar card | Digital copy of Aadhar Card and your Aadhar Card must be linked to your phone number to obtain OTP |
| PAN card | Self attested copy of PAN card |
| Photographs | Digital photo and physical photograph is required on the KYC form with signature across it |
| Address proof | A self attested copy of any documents like driving licence ,voter ID ,passport, aadhar card etc. |
| Income proof | Self attested copy of latest salary slip ,6 months bank statement ,etc is required |
| Current signature | Scanned copy of Signature on white paper |
Zerodha Demat Account Opening Procedure
Here we bring you the step by step procedure to open a new zerodha bank account:
● Open the zerodha.com home page to open a new account. Zerodha home page will open as shown below
● Fill your full name and fresh mobile number and email and click on continue to sign up.
● A new page opens where you need to verify the phone number by entering the 6 digit OTP sent to the registered mobile number. After entering the one time passcode click on confirm
● Now a page opens that asks you to verify your email id via the OTP sent on it. Enter the OTP and click on continue
● A new page opens where it asks you to fill your pan and date of birth and then click on the confirm box and then continue.
● Then a page opens that is the account opening fee payment page where it asks you to pay the account opening fee. Here it provides you with two options i.e. equity and commodity fee but as we are opening a demat account so we will select equity and currency option and then select the payment method via UPI or net banking/cards. If you want to pay using UPI then provide the UPI ID and then click on pay and continue. If you opt for cards then select net banking /cards and click on pay and continue.
● As soon as you click on the pay and continue tab a new window opens which asks for payment methods like card, net banking, wallet, etc. Select card.
● A new window opens where it asks you to enter your card number and CVV and then click on pay
● No sooner you click on a Button the page will be redirected to your bank where you require to verify the payment. Select mobile number and click submit.
● Now an OTP will be sent to the registered mobile number. Enter the OTP and click on submit.
● After making the payment you will be redirected to the next page which says share Aadhar details with Digi locker. Here you require to share your Aadhar details to zerodha via digilocker and for this you need to have a digilocker account so click on connect to digilocker.
● Now the page will be redirected to Digi locker sign up page.
● Here you need to fill your mobile number and continue. (If you already have a digilocker account then you need to click on the sign in button.)
● Then you need to verify your phone number via OTP and click on verify.
● A new page opens , Put your username and set a password and then Click on the signup button.
● A confirmation appears which says your Digi locker account was created successfully. Now here you need to enter your Aadhaar number and give Digi locker the permission required and click on submit
● An OTP will be sent to the registered mobile number enter the OTP and click on verify
● Now you need to provide Zerodha the permission to access your Digi locker account read the permissions and click on allow
● Now a web page opens that says to share the copy of your Aadhar. click on Share
● Now a page opens where you need to fill all the required details like Email, date of birth and permanent address, gender, etc. After providing all the details scroll down and you will find the bank account details fill up menu. Here you need to provide your branch IFSC Code bank account number and your background information. After filling all the details agree on the terms and conditions and click on continue.
● Now an in-person verification page opens up here you will be provided with an OTP which you need to scan either by your webcam or by your phone. Click on start IPV and complete the IPV
● After completing the IPV a new page appears that says to e-sign using Aadhar card. Click and continue.
● A page opens that says e-sign with Aadhar card and you need to provide all the necessary documents to open the Demat account. Upload your Bank Proof, Income Proof, your current signature PAN Copy, and click on e sign equity.
● Now you are required to verify your email ID on Zerodha so click on continue
● Enter the OTP sent to your email ID and click on submit button
● Then a menu appears that asks you to complete your profile click on proceed to e-sign.
● Now NSDL window opens up here you’re required to enter your Aadhar card number and click on request OTP
● An OTP will be sent to the registered mobile number. Enter the OTP and click on submit.
● Now a page opens that says your profile is verified click on sign now
● Now you will be redirected to the NSDL page and Now enter the Aadhar card number and click on request OTP
● Enter the OTP and click on submit now your equity e-sign is complete.
● Now you will be redirected to a page where you can view your e-sign equity form. Now click on demat POA.
● A POA form will appear. You need to download it and take a printout.
● Fill the form and send it to the given address.
● As soon as you send the form your account will be verified, and you will be given an ID and a password. And now you can access your zerodha account for your trading.
Zerodha Commodity Account Opening Process
Now I bring you the step by step procedure to open a commodity account in zerodha:
Zerodha Equity and Commodity Account Process is absolutely the same. Only when you have to make the payment of the commodity along with the payment, then your commodity account should also be opened with equity.
● Then a page opens that is the account opening fee payment page where it asks you to pay the account opening fee.
Here it provides you with two options i.e. equity and commodity fee but as we are opening a commodity account so we will select the commodity option and then select the payment method via UPI or net banking/cards.
● If you want to pay using UPI, then provide the UPI ID and then click on pay and continue. If you opt for cards, then select net banking /cards and click on pay and continue.
● As soon as you click on the pay and continue tab a new window opens which asks for payment method like card, net banking, wallet, etc. Select card.
Note: Income Proof Mediatory for zerodha Commodity Account Opening.
Zerodha Account Opening Offline
If you’re not interested in the online procedure Zerodha also facilitates the offline form filling option.
Zerodha offline process is also done online. There is only one process change, instead of where you e-sign, you will have to download offline form and make zerodha Bengaluru office courier.
Documents required for creating offline Zerodha Account:
| Documents | Details |
| Aadhar card | Digital copy of Aadhar Card and your Aadhar Card must be linked to your phone number to obtain OTP |
| PAN card | Self-attested copy of PAN card |
| Photographs | Digital photo and physical photograph is required on the KYC form with signature across it |
| Address proof | A self-attested copy of any documents like driving license ,voter ID ,passport, aadhar card etc. |
| Income proof | Self attested copy of latest salary slip ,6 months bank statement ,etc is required |
| Current signature | Scanned copy of Signature on white paper |
