Zerodha is India’s most popular broker and clearly one of the favorites when it comes to people’s choices. However, opening a demat account in Zerodha is still not a cakewalk for many as many want to know how to open a demat account with Zerodha.
Even though Zerodha is a discount broker, you can open a demat account both online and offline. Although you need your Aadhar card to be linked with your mobile number for an online opening online.
Other than this, make sure you have the following documents required for the demat account handy:
- PAN Card
- Bank Passbook or Cancelled Cheque
- Salary slip or last 3 months account statement (to activate the derivatives segment)
How to Open Demat Account With Zerodha Step by Step
To open a demat account with Zerodha, you need to visit the official website of Zerodha and click on “Open a demat account”
- Enter your Mobile number and verify it with an OTP. Enter your email or log in with your Google account.
- Enter your PAN card number as well as the Date of Birth.
- Pay the Zerodha account opening charges.
- Click on “ Continue to DigiLocker “ for your document authorization. Complete the KYC by entering the OPT sent to you by UIDAI.
- Fill in some basic details about yourself such as your annual income, trading experience, and occupation, and move on to the next step.
- Link your bank account by entering your bank details.
- Write a code given to you on paper and stand with the paper in hand in front of the camera to complete a webcam verification.
- Choose the one between only Equity or Equity + Commodity account.
- Complete the E-signature by entering the OTP sent to you by the depository.
Your Zerodha Demat account is now open and active. Here if you want to trade in commodities then you can select the segment at the time of account opening or later open commodity account in Zerodha by following simple steps in the Kite app.
Also, you can open Zerodha account on Sunday or any other national holiday by following the steps mentioned above.
Is Zerodha Account Opening Free?
Although Zerodha is a discount broker, when it comes to opening a demat account with Zerodha, the broker charges you minimal fees. Here further on the basis of segment, the fees vary and one has to pay the amount of Rs 200 for opening an equity account with Zerodha.
While for the commodity account, one has to pay Rs 100 extra i.e. equal to Rs 300.
Apart from this, there are AMC charges equal to Rs 300 charged on a quarterly basis. These charges are directly deducted from your trading account.
If you have any more stock-market-related questions in your mind, feel free to drop your details and we will arrange a callback or an answer.
