Creating a Zerodha Demat and Trading Account: Step by Step Instructions.
Setting up your Zerodha demat and trading account. This article (Last Reviewed: February 20, 2021) details how to sign up for a demat and trading account with Zerodha. If you have all the necessary identification and follow the steps outlined in this post, you'll have a Zerodha Demat account up and running by the time you finish reading this.
Anyway, before we dive into the article's instructions, I'll explain why and how I chose to open a Demat and trading account with Zerodha. In the beginning of my investment career, I opened a demat and trading account with ICICI direct. Despite my satisfaction with the services and features it offered, I soon discovered that ICICI Direct was prohibitively expensive.
ICICI direct's brokerages frequently wiped out investors' profits. The worst part was having to pay a hefty brokerage fee even if you were making a loss on the sale of the stock. Finally, I polled my social circle to see what they thought of my SBI Smart and HDFC Securities investments. Both of them had expensive brokerage fees, so we decided against working with them. A great deal of investigation led me to open a second demat and trading account with ZERODHA.
With over 30 million clients, Zerodha has become India's largest discount broker. Zerodha's fees are low, and the trading platform it offers is quick and user-friendly. The brokerage fee is $0. No matter the number of shares or the price, a flat fee of 0.03 percent or Rs 20 per executed order will be charged.
When compared to ICICI direct's 0 brokerage fee, this is a huge savings. Every equity deal is subject to a 55% tax For example, ICICI direct's maximum brokerage fee is Rs 275 per trade, but Zerodha's is a much more reasonable Rs 20. In addition, this amount is charged on both the buying and selling sides of the transaction, so you'll end up paying a whopping Rs 550 (much more than Zerodha) for the two of them together.
To sum up, if you're thinking about getting into the stock market (or are already involved), you should open accounts with this discount broker called "Zerodha" to save a ton of money on brokerage fees.
Here is a quick link to Zerodha's account activation page where you can get started right away.
What makes Zerodha the ideal place to open a demat and trading account
To put it simply, Zerodha has more customers, handles more daily trades, and is expanding at a faster rate than any other stock broker in India. This stock broker is among the most competitively priced and technologically advanced ones out there. The retail trading volumes that Zerodha contributes to the NSE, BSE, and MCX each day exceed 15%, and the company has more than 3 million customers. It has surpassed both new and established brokers in both market share and the number of active clients trading solely on NSE.
Founded in 2010 by Nitin Kamath, Zerodha has been recognized as "Startup of the Year" by the Economic Times (ET) Startup Awards 2020. This places the company among a select group of winners that have proven their ability to grow into successful, blue-chip businesses. Here you can find the whole story. Nithin Kamath, who is credited with establishing and expanding the discount broking industry in India, was ironically named by The Economic Times as one of the "Top 10 Businessmen to Watch Out for in 2016 in India." Some of Zerodha's most recent and prestigious accolades include:
The National Stock Exchange (NSE) named them "Retail brokerage of the year 2019" (and "Retail brokerage of the year 2018"), and Outlook Money named them "Retail broker of the year 2017."
"Entrepreneur of the Year" (Startup) 2017 by Ernst & Young.
If you're still on the fence about whether or not to open a demat and trading account with Zerodha, here are some of the most compelling arguments in favor of doing so:
- Stock trades with delivery are conducted at no cost (Rs 0).
- Rs 20 or 0 In intraday trading, the fee is 0.03% or the amount of the order, whichever is less.
- All exchanges have the same pricing structure.
- Zero obligatory fees or sales volume required up front
- We've got the answers to all your questions here at Z-Connect, an engaging weblog with a handy portal.
- We have over 6 million satisfied customers and a well-known brand.
- There is a staff of 300 people devoted to answering your emails and phone calls as quickly as possible.
- Pi is a cutting-edge desktop trading, charting, and analysis platform.
- Kite is a lightweight, user-friendly, and adaptive online trading platform.
- Margin-of-exchange utilization averaging 55% versus 70%—lower risk than the industry average
For more, check out our article: Zerodha Review – Discount Broker in India | Brokerage, Trading Platform, and More.
Setting up your Zerodha demat and trading account.
Details on what you need to open a trading and demat account with Zerodha
To open a demat and trading account with Zerodha, please bring the following documents. Since you'll need to upload electronic versions of the following documents during the account opening process, I suggest getting digital versions of them well in advance of your application.
- PAN CARD (Invalid without accompanying signature; see below for details)
- The Aadhaar Card (which includes a mobile phone number).
- The front page of your bank passbook, a scanned copy of your most recent online statement, or a copy of a cancelled check are all acceptable forms of identification for proving that you If you want your cancellation to be accepted, your name must be printed on it.
- Photos or scans of your handwritten signature.
- Income verification (optional): If you want to trade Futures and Options (F&O) or commodities, you'll need to show proof of income. The most recent pay stub, along with a six-month bank statement or income tax return, are all good examples of acceptable documentation.
The cost to open a Zerodha account is nil.
Zerodha's initial account setup fees are detailed below.
- Rs 200 for a Demat and Trading Account
- Rs 100 Commodity Account
The account opening fee for trading in both equities and commodities is Rs 300 (or Rs 200 plus Rs 100). But if you're only interested in trading stocks, the fee drops to just Rs 200.
Zerodha's demat and trading accounts can now be created in two different ways:
- Digital approach
- An Indirect Approach
If you have all the necessary documentation on hand, opening an account with Zerodha online takes no more than 15 minutes.
In contrast, an OTP authentication is required to finalize the eSign process when using the online method. Make sure you're using the Aadhaar number that corresponds to your identity. If you don't, you won't be able to finish the procedure. Visit your local Aadhaar Seva Kendra if the phone number associated with your Aadhaar is no longer in use or if you haven't associated a phone number with your Aadhaar at all.
You can still open an account without using your Aadhaar number if you prefer. However, I advise you to go online because it is quicker and less complicated.
You must be computer literate and at ease transacting business online to succeed in the world of trade. After you open an account, all future trades (buys, sales, etc.) will be conducted digitally, via cutting-edge trading platforms. Your technical savvy will be tested. As a result, you should begin using the internet as you will eventually have to adapt to the digital world.
The Online Zerodha Account Opening Process
How to Quickly Create a Zerodha Account
Before I dive into the specifics of setting up an account with Zerodha, let me first provide a quick answer to the question "How do I..."
If you want to get started with Zerodha, you can find the signup form right here.
The first step in signing up on this page is entering your mobile number and verifying it with the OTP sent to your phone. After clicking "Continue," you'll be prompted to enter your Permanent Account Number (PAN), bank information, Aadhar verification information, and personal details.
The account-opening page contains explicit instructions for each step. You can skip reading this whole post if you're an excellent reader and follower of instructions. Your account will be opened as soon as you go to the account opening page, follow the instructions, and upload the required documents.
Also, you can call Zerodha at 080 4913 2020 if you have any problems with the online account opening process.
An Overview of DigiLocker
Zerodha requires you to link your DigiLocker account during the online account creation process. But if you're unfamiliar with DigiLocker, allow me to briefly explain it.
When I first heard about DigiLocker in the beginning of 2017, I was immediately impressed by the concept. The Government of India's Ministry of Electronics and IT offers the online storage service DigiLocker as part of its Digital India program. Let me explain why I always have this app installed on my phone:
The chances of encountering a situation like this are much higher if you make your home in a city. You left the house to run errands, such as grocery shopping or dropping off a friend. And in your haste, you neglected to take your wallet. No valid driver's license or vehicle registration document is in sight. Also, it could be a hassle to explain to a traffic cop why you're not carrying proper documentation if they pull you over.
On the other hand, if you have the DigiLocker app installed, you can present your license and registration information directly from your phone. Digi locker is a service provided by the government of India that allows drivers to store and access their documents online. Furthermore, unlike the camera picture you keep in your phone's gallery, this one is safer and more widely accepted by law enforcement.
In addition to your Aadhar card, Pan card, driving license, voter id, education certificate, etc., you can store all of your essential documents in the DigiLocker app.
In conclusion, if you don't already have a DigiLocker account, you should create one and install the mobile app on your phone. You can use it to make sure all of your records are safe.
In addition, you'll need this account to verify your identity with Aadhar data when you open a Zerodha Account.
Open an Account with Zerodha Online: Detailed Instructions
Now that you have a high-level overview of how to open an account with Zerodha online and what documents and other items are needed, allow me to provide a more in-depth, step-by-step explanation of the process:
First, open a new Zerodha account by visiting their website. If you're ready to open an account, click the following link:
Following that link click, the following Zerodha account opening page will load:
CONTINUE TO STEP 2 TO SIGN UP: ENTERTAINMENT APPS: Enter Your Mobile Number You'll get a One-Time Password (OTP) to confirm your mobile number.
After 30 minutes, the OTP will no longer work for login purposes. To verify your mobile phone number, please use the same OTP that was sent to you via text message.
In this step, you can enter any valid mobile phone number. However, you'll also need the mobile number associated with your Aadhar card (which will be required for the Aadhar-based OTP verification process). After doing so, you'll be able to finish creating your new account online.
In the third step, you'll input your PAN Card number and birth date (D. O Details in the space provided (B) Don't forget to type these in correctly! Here's a screenshot you can use as a guide:
The fourth step is to make the initial investment into your account.
Equity trading costs Rs 200, while commodity trading costs only Rs 100. A commodity account is not required.) You can make this payment now if you want to trade the commodity, or you can enable it later. )
You can pay with UPI or (preferred) online banking/credit card. Here's a screenshot of this process for your perusal.
Step 5: Link your Aadhar details through Digilocker after you've paid.
DigiLocker is a government program that allows you to safely and securely share your Aadhar information. For this, you'll need to sign up for a "DigiLocker: Towards Paperless Governance" account and associate your Aadhar number with it.
The image is embedded below for your convenience. When you open the Digilocker signup page by clicking "Connect to DigiLocker," you can enter your phone number to begin the signup process. Sign in with your existing account by selecting the link at the bottom that says "Sign in."
When you link your Digilocker to your AADHAR, you'll get the OTP on the phone you used to register it. Enter the OTP and proceed once you have it. (Note: If you've forgotten your security PIN, you can easily reset it by clicking the "forgot my PIN" link. )
When prompted, select "allow" to send a copy of your Aadhar to Zerodha. At long last, your Aadhar information will be displayed. Check that the information you are entering is correct. Please be aware that if you haven't already completed KYC, you won't be able to proceed to this stage.
Once you've been verified with Aadhar, you can move on to Step 6 and enter your individual information. This includes your parents' names, your current occupation, and other details. Here's a screenshot of that process for your perusal: When you're done filling out the form, hit the "CONTINUE" button.
Linking a bank account is the next step after that (STEP 7). Additional information is required here, beginning with the Bank Details section. e IBAN, BIC, IFSC, and MICR codes for your bank account
Check all the boxes that apply, then click the "continue" button after reviewing the details.
To avoid having to reprocess the forms, double check the bank account information with the bank passbook, a cancelled check, or an online statement (either a soft copy or a hard copy). For your convenience, I have included a screenshot of this process.
Following this, Step 8 is IPV Verification via Webcam/Phone.
To comply with SEBI regulations, a depository participant must undergo an in-person verification process, also known as IPV. Before opening a demat and trading account, all investors must first undergo in-person verification.
To initiate the IPV procedure, you must first enable the Camera in your browser/phone (see below screenshot for details). When you're ready, go ahead and click the Allow button With a simple mouse click, you can Block If you press this button, the camera will be turned off and you may have trouble turning it back on.
Then, in STEP 9, an OTP will be shown on the screen. This OTP, whether displayed on paper or a smartphone, must be recorded accurately. Then, place the paper or mobile phone containing the code in front of your mobile device's or computer's camera.
Take a picture while holding the OPT on paper to ensure you get it right. See the below snapshot for an example of the photographer in action. Once you're ready, hit the record button.
Please hold the paper (OTP written paper) in front of the camera and do not jiggle around until the photo is taken.
At this point, in Step 10, you'll want to upload those important files we talked about at the outset. You'll need to provide things like a PAN card, bank information, a signature, and maybe some proof of income.
You only need to show proof of income if you want to trade Futures and Options, currencies, or commodities. Select "Continue" to proceed. The link will take you to the eSign page for equity investments.
ELEMENT NINE: The e-Signing Process To continue, please select the eSign Equity button.
The following screen will load once you click the eSign button.
SECOND PHASE: Confirm your email address after clicking the eSign equity link in Step 12. In this case, you can choose between two distinct paths: i e Login with Google or your email
If you choose to log in with your email address, be sure to enter it correctly; otherwise, you'll be asked to resend the OTP you just received. All future communications from Zerodha will be sent to this inbox.
Verify your identity with the OTP sent to the email address you provided during registration.
After Step 13 is completed, a new page will load with the "SIGN NOW" button. A snapshot is provided below for your convenience. Check the form for accuracy.
Then, at the bottom of the page, click "Sign Now." You'll be taken to the NSDL homepage.
Step 14: On the NSDL page, select the box that says "I hereby..." in the top left corner. ”
Then, at the bottom of the page, enter your AADHAR number and select the Send OTP button. To finish, you'll need to enter the OTP and confirm it.
A green background and the words "You have successfully signed the document" will appear across the page after the final step has been completed and verified. That the equity portion of your esign process is complete is confirmed here.
ACTION #16 Once you've successfully subscribed to the Equity section, you'll see a tick mark appear there. You can also access the downloadable eSigned Document from this page.
Step 17: Do this if you want to use the commodity market with your account. In this section, they will need to eSign once more for the commodities section.
To access the Commodity eSign, please Your browser will be taken to the NSDL page. Then, enter the Aadhar number by selecting the box in the top left corner and clicking the check box. An OTP will be sent to your AADHAR-linked mobile number. After entering the OTP and having it validated, the commodity-related documents will also be eSigned.
PHASE 18: You've made it this far; please accept our congratulations. Once you've finished the preceding steps, a final Congratulations message will appear on your screen. To help you out, I've attached a screenshot of the relevant page.
In a nutshell, the Zerodha team will check your paperwork once you've finished all the required steps. When everything checks out, you'll get a message saying your paperwork has been verified. Within twenty-four hours of receiving this email, you will be sent the login information.
Procedures for Creating an Account Outside of Cyberspace
Learn the ins and outs of establishing a Zerodha demat and trading account through conventional means.
Zerodha also offers a convenient option for opening an account without using the web. There is a distinction between the fees for opening an account online and those that apply when you open the account in person. Here are t Fees for opening an account away from the computer:
- Rs Trading and Demat Account Setup Fees of $400
- Rs For a Trading, Demat, and Commodity Account, You'll Need 0
application formsHere, you can get an application form from the Zerodha website, fill it out offline, print it, and then sign it. Feel free to contact us at 080 4913 2020 if you have any questions while completing the application.
All new accounts require the following application forms, which must be completed and mailed or delivered via courier service:
Opening an account online or in person requires the same documentation in both cases. You'll need to make copies of your Permanent Account Number (PAN) card, address proof (like an Aadhar card, driver's license, or voter's ID), a cancelled check or bank statement, proof of income, and some passport-sized photos. All of these forms also require a cross-signature as a self-attest. You can find the list of all acceptable docs for account opening hereDocuments that can be used to open an account can be found on this page.
Your completed application forms, along with your signature, need to be sent to Zerodha's main office at the following address.
Number 153/154, Fourth Cross Dollars Colony
Opp Public School of Clarence,
J Bangalore 560078, P Nagar 4th Phase
Another option is to call the account opening helpline (080 4913 2020) or your assigned sales manager to request a meeting at a time and place that is more convenient for you.
In this case, a Zerodha rep will get in touch with you and tell you what to bring to the meeting and when. The agent will collect all signatures and self-attested documents/attachments needed to open the account.
Steps to Take Subsequent to Creating Your Zerodha Account
The KITE website and mobile app will be accessible to you once your account has been created. The KITE trading platform can be accessed at the following URL.
As an alternative, you can get started with stock trading and investing by downloading the KITE app for Android or iOS. Also, other Zerodha offerings such as the Console, Coin, Connect API, etc. are detailed in this link.
Remarks in Concluding Remarks
If you ask me, the best way to open an account is online. You should join Zerodha in supporting the Digital India initiative. Although there may be too many steps involved, completing a process online actually does not take very long. It should take you no more than 15 to 20 minutes to complete the application form once you've gotten started.
If you don't have an Aadhar card but have another form of identification that verifies your address (a driver's license, a voter ID card, etc.), the offline method is for you. There's a chance of difficulty in locating a Zerodha executive if you're located in a small town or rural area. Opening a demat and trading account offline can also take up to ten days. Here you can find a 2021 review of Zerodha.
Well, that settles it. These are the online and offline procedures for creating a demat and trading account with Zerodha. If you're interested in opening a trading and Demat account with Zerodha, I think you'll find the information in this post helpful. has value for the audience Speculate below if you need clarification.
Trade Brains and FinGrad are both founded and led by Kritesh (Tweet here), who also serves as CEO. With 7 years of experience investing in the stock market, he is an NSE-certified equity fundamental analyst. Share Market Investing and Initial Public Offerings are frequent topics for Kritesh's writing, and he often includes his own unique insights into the market.
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