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Zerodha is the best broker, if you’re looking for a free demat and trading account opening. Check out our step-by-step guide on zerodha online account opening process, account opening and AMC charges, set of documents required, and more.
Zerodha account opening charges are Rs 0. Yes, open a free demat account in Zerodha and enjoy flat brokerage trading at Rs 20/order. But demat account maintenance charges in Zerodha is Rs 300 per year.
| Transaction | Charges |
|---|---|
| Trading Account Opening Charges | Free |
| Trading AMC | Free |
| Demat Account Opening Charges | Free |
| Demat AMC | Rs 300 PA (Free for 1st year) |
How does Zerodha charge AMC?: Zerodha charges Rs 75 AMC + GST every quarter from your trading account balance.
If you have your Aadhaar card linked with your mobile number, you can proceed with the zerodha demat account opening online. The process of opening Zerodha account is quite simple and easy and takes a few minutes to set up your account. Follow these steps:
Write a 4-digit code (displayed on the screen) on plain white paper, and upload a picture of yourself with it. Ensure that your face and the code are clearly visible.
You can add up to 3 nominees to your Zerodha account or you can skip this step. To add a nominee, enter the nominee's name, date of birth, e-mail, nominee’s mobile number and percentage of share, address, etc.
Your application will be reviewed within 24 hours. Once your account is verified, you will get a login ID and password to access your account. Use your zerodha client ID and set a new password to log in to the Kite web and Kite mobile app.
Documents required for Zerodha free account opening are:
It may take up to 24 hours to open Zerodha account online and up to 72 working hours for offline account opening. To track the status of your Zerodha account opening, follow these steps:
If your account is delayed beyond 72 working hours and you’ve not received any email from Zerodha, it’s advisable to create a ticket to the support team.
Close your Zerodha demat account online at no additional charges. Yes, Zerodha online account closure process is quick and straightforward.
Important Considerations:
Yes, Zerodha makes account opening completely free for all residents w.e.f. 29 June, 2024. Individuals can open both trading and demat accounts in Zerodha for free.
Whether you open a Zerodha account online or offline, you can do it at 0 charges.
The documents required for opening an account in Zerodha are as following:-
After you place the account closure request online, it will take the next 72 working hours to close the account. If your form gets rejected, Zerodha will email you with the rejection reason.
You must open a Zerodha account offline if your mobile number is not registered with Aadhaar.
To open a Zerodha account offline, follow these steps:
The forms need to be sent to the address below.
Zerodha,
153/154, 4th Cross, J.P Nagar 4th Phase,
Opp. Clarence Public School,
Bengaluru - 560078
Zerodha offline account opening time
: It may take up to 4 working days to open zerodha account offline.No, you cannot open only a trading account in Zerodha. To trade with zerodha, you must open a trading and demat account.
Zerodha provides both Individual and Non-individual Demat accounts. For individual account opening, you need to have mandatorily a PAN card, address proof, and Bank proof. If you want to open an account online, you need to have an Aadhaar card with an active registered mobile number to receive the OTP.
You can also open an NRI (PIS and NON-PIS) account with Zerodha but in offline mode only.
For non-individual accounts (Company, HUF, LLP, and Partnership), you have to follow the offline route and contact the Zerodha account opening team on 080 47192020 / 080 71175337.
You can close your Zerodha account online from Console now. Below are the steps to close your Zerodha account online.
Note: If you have any holdings in your Demat account the request will not go through. You may have to either sell those or transfer them to another Demat account.
Your account is closed within 72 working hours of placing the request on the console.
Yes, the existing Demat account can be converted into NRI-NRO account only. Conversion to the NRI-NRE account is not possible.
The process of conversion takes 8 working days in general after receiving the documents. In the process, your resident account is closed and a new NRI-NRO account is opened.
For the list of documents, you have to contact the Zerodha account opening team. You have to fill out the documents and send them to the head office of Zerodha.
If your mobile number is not registered with Aadhaar you will not be able to open the Demat account online with Zerodha. The mobile number registered with Aadhaar is used for receiving the OTP, which is used for doing the esign. In such a case you have to open the Demat-trading account offline with Zerodha.
To open the account offline,
Opening a Zerodha account offline might take 48 working hours to receive the forms at head office.
You can open a Zerodha Account online provided you have your number linked to your Aadhaar. Follow the below steps to know how to open a Zerodha account online.
Once the esign is complete your account will be activated within 24 working hours.
The accepted bank proofs in Zerodha are as follows
Without bank proof, the bank can’t be added to your Trading account.
Once you fill out the online application form and complete the sign-up process, the account will be opened within 24 working hours. The login credentials will be emailed to you, using which you can log in to KITE and start trading.
You can find the details like DP ID, BO ID, Demat Id, etc on your console. To do so follow the below steps.
The DP ID is the identification number given to the depository participant. Zerodha is itself a depository participant.
Once you complete the online sign-up process, the account is opened within 24 working hours, and the login id is sent the next working day.
Within 48 working hours, the welcome email is sent by Zerodha containing login credentials.
The video in-person verification is done by Zerodha to verify if the client has opened the account himself. This is mandatory by SEBI guidelines, which a broker has to follow.
In the IPV process, OTP is generated on the screen, which the client has to write and show on paper or show the OTP on the mobile phone. The picture must contain your face and OTP clearly.
Zerodha doesn’t charge any fee for withdrawing funds to your bank account. The funds are transferred in 24 working hours if the requests are placed before the cut off time.
The AMC(Account Maintenance charge) is deducted once every quarter by Zerodha. The total AMC charge is 300 Rs +18%GST per year. Zerodha deducts this quarterly as 75 Rs+18%GST in every 90days from the date of account opening. The AMC is deducted from your trading ledger balance automatically.
Zerodha doesn’t charge any AMC for BSDA accounts.
