Zerodha is the biggest stock broker in India in terms of the highest active clients. It was founded by Nitin Kamath, the CEO of Zerodha. They started their operations from 15th August 2010 in Bangalore. The only motive on which Zerodha focused on was to break the barriers that traders and investors usually face in terms of cost, support, technology and other trading platforms.Zerodha Pricing structure and in-house technology successfully stands out and this makes it the largest and popular stock broker in India.
Zerodha Account Opening Charges 2023
TYPE OF ACCOUNT
EQUITY (For Trades on Equity, F&O and Currency)
EQUITY (For Trades on Equity, F&O and Currency) and Commodity (MCX)
NRI account (offline only)
Partnership, LLP, HUF, or Corporate
accounts (offline only)
Zerodha 3 in 1 account facilitates its customers with easy and quick fund transfer facility. Zerodha is the safest stock broker because its ratio of complaints to active clients is among the least on the exchange. It is a zero-debt company. It does not focus on offering margin funding. It never keeps the client securities in the pooled account. It does not do proprietary trading with client funds.
Zerodha Account Opening (Online/Offline)
If the customer wants to trade (in stock, commodity or currency) or to invest (in stocks, mutual funds) with Zerodha then he/she has to open a Zerodha trading account and Zerodha demat account. Customers can open Zerodha trading account online. The demat account is not compulsory for the customer who are planning to trade only in the derivatives. Whenever required, you can open demat account by Zerodha. For this, you can either opt to open online demat account Zerodha or offline demat account opening.
Zerodha offers majorly three types of accounts:
• Zerodha Trading account for equity and currency derivatives.
• Zerodha Demat account to take delivery of stocks.
• Zerodha Commodity account to trade commodity futures on MCX.
Zerodha 2 in 1 account facilitates the customer with easy transfer of funds i.e. a combo of trading and demat account. One customer has all the access to all the segments but each segment has to be enabled separately at the time of Zerodha app account opening or later point of time.
Zerodha Account Opening Documents
So now the question arises 'what are the documents required for Zerodha account opening’?
How to open online trading account in zerodha?
Below is the list of documents required to open Demat account in Zerodha.
1. PAN Card Copy.
2. Aadhar card details (Compulsory for opening an account online)
3. Latest bank statement or cancelled cheque.
4. Scanned copy of your signature or Photo.
5. Income proof (For trading in F&O). It could be a 6-month bank statement, latest salary slips, Form-16, Income Tax Return Acknowledgement, Demat holding statement, or Net worth certificate from a CA.
Zerodha Account Opening Process
You can open new Zerodha account by both online and offline mode. You can select Zerodha new account opening by any of these two modes.
1. Zerodha Online Account Opening Process
Zerodha account opening procedure is given below:
a) Visit Zerodha and fill the account opening form.
b) Open your account instantly with Aadhar.
Note: Aadhar card should be linked with your mobile number because only the linked card will help you to open a Zerodha account. An OTP will be sent to your mobile number for Aadhar verification.
2. Zerodha Account Opening Offline
You can open Zerodha account offline. For Zerodha Offline account opening, you need to download Zerodha account opening form PDF by visiting the official website.
Follow the below steps to download account opening form:
a) Visit the official website of Zerodha.
b) Click on ‘Download and Resources” placed at the bottom of the website.
c) In the resources segment, you will have 2 separate forms- one for trading in equity, future and options on NSE, BSE and the other for Commodity trading. Now, download the specific form as per your trading preferences.
You can also fill the online account opening application. After filling the form, get it print and then courier it along with the required documents to the below address:
153/154, 4th Cross, J.P Nagar 4th Phase,
Opp. Clarence Public School,
Bengaluru – 560078.
Zerodha Account Opening Status
Visit Zerodha, to check the status of Zerodha account opening. Generally, Zerodha account opening time is 2 days which means it takes two working days for Zerodha account opening, once after they receive the signed Zerodha account opening forms. The customer will receive an email confirmation regarding Zerodha account activation status as soon as the Zerodha account is opened.
In case you don’t receive a welcome email after 2 days regarding Zerodha account status, then contact the Zerodha Support team.
Zerodha Account Closure
The Zerodha trading account and Zerodha demat account gets deactivated if the customer does not use them for the tenure of 6 months. This inactive trading account can be activated by calling at Zerodha Support. If the customer is not using the Zerodha account anymore or moved to another broker then it is recommended to close the account else the customer will have to pay the AMC charges for the account. So now the question is ‘how to close Zerodha account’?
The customer can close their Zerodha account anytime if they wish to do so. The only way to close the account is to submit the application for account closure. The accounts cannot be closed online or by contacting customer support. You can download the Zerodha account closure form online.
No. A customer can open only one trading account or demat account with Zerodha. You cannot open two trading accounts with same PAN number with Zerodha.
Note: You can open other trading or demat account with the same name and PAN number with other brokers. But this can't be done with one broker because of SEBI regulations.
Zerodha is safe as any other stock broker in India. It is a genuine and the trusted stock broker and comes among the lowest risk broker in India. It is a debt free company and they only offer broking services.
In the last 9 years, there is no single major violation has been reposted. Thus, it is the safest stock broker of India.
Yes, Zerodha offers trading in foreign exchange (currency). The customers can trade in currency derivatives at BSE and NSE exchanges simply by using the Zerodha trading account. The customer is required to enable the Currency trading segment before he/she start to trade in the Forex.
Yes. Zerodha offers trading in forex (currency). You can trade in currency derivatives at BSE and NSE exchanges using the Zerodha trading account. The customer needs to enable the currency trading segment before starting the trading in currency.
Yes, Zerodha favorable for long term investors. Zerodha offers the Equity delivery brokerage at free. It automatically brings down the trading costs thereby helping a lot of money in the long term. It also offers commission-free direct mutual funds that results in additional earning of 1% yearly.
In Zerodha the customer has to open a demat account along with the trading account. It does not allow linking of its trading account with a demat account from some other depository participant (DP).
• You can have multiple demat accounts if you want on your name with different brokers.
• You can continue holding your Sharekhan demat account if you wish to do so.
• You could transfer all your holdings in the Sharekhan demat account to Zerodha demat account at the time of closing the Sharekhan demat account. It is a simple process.
Zerodha is an online discount brokerage model where only online trading services are offered to the customers or traders. It uses the latest and advance technology to serve its customers and has less branches and offices. The technology helps its customers to scale and reduce the operational cost which in-term helps them to maintain huge profits despite offering low-cost trading.
LTT in Zerodha stands for Last Traded Time. The last traded time shows when a particular share or contract was last bought or sold. It helps the traders to know the demand for a particular share on that particular day.
NFO stands for New Fund Offer. An NFO is the first time when a fund is offered for subscription by an AMC. The customer cannot invest in NFO through Zerodha Coin currently. However, you can buy NFO from the AMC directly.
All the orders will get squared off before the end of the day. IOC stands for 'Immediate or cancel'. It means that the order is executed as soon as it is released and in case the order fails to execute, then it is immediately canceled.
You can place an MIS buy order in one exchange and the MIS short order in the other exchange. However, by the end of the trading day, both of these trades are required to be squared off individually on each exchange.
Yes, some of the services provided by Zerodha are free. It offers Mutual fund investment and brokerage free equity delivery trading. The brokerage fee for Intra-day and F&O trading is ₹20 per executed order or 0.03% (whichever is lower).
To create strategy in Zerodha streak, login to Zerodha. Decide and enter Entry & Exit points based on a set of conditions and with the help of Zerodha streak indicators. And system will automatically create strategy based on the data fed by you.
An individual need to have 3 accounts i.e. Trading, demat and a bank account. Zerodha offers trading and demat account services to its customers. Trading account is required to place buy & sell orders and the demat account is required to hold all the bought securities in electronic form. The trading and demat account of the customer are linked to their bank account.
There two different Zerodha streak plans i.e., Zerodha streak regular plan and Zerodha streak ultimate plan. Zerodha streak cost are different for these two plans. Cost of Zerodha streak regular plan is ₹690 + GST per month and cost of Zerodha streak ultimate plan is ₹1400 + GST per month.
Discount brokers are the brokers that offers only online broking services to its customers and at a very low-cost. Zerodha discount broker uses the latest computer technology to offer online trading services to millions of customers. The brokerage charge for discount brokers are usually less than the traditional full-service brokers. Zerodha is an online discount broker.
Zerodha offers the service to place AMO orders. These AMO orders are placed after the market hours for the next trading day in advance.
AMO (After Market Orders) allows the customers to place online buy/sell order before the stock exchanges are open for trading. The order timing for AMO order changes by the trading segment.
The Z Pin is the 4-digit telephone code. This is the customer’s personal identification number. This number is required to place orders through the call, trade desk and to raise support requests.
Whenever the customer will call Zerodha customer support or call & trade desk, he/she have to authenticate themselves using the Z Pin code.
Zerodha kite and Zerodha coin are the two different trading platform provided by Zerodha. But login credentials of Zerodha coin and Zerodha kite is same. Also, users can access Zerodha coin in Zerodha kite platform as well.
Zerodha is completely an execution platform only. It does not provide any form of advisory or tips. We believe that traders and investors should make educated and informed trades based on the research and analysis.
CNC stands for Cash and Carry. It is simply a product code and if you use them to buy and sell shares on the same day, they will still be considered as Intraday trade. NRML (Normal) is used for overnight trading for futures and options.
The Margin for Zerodha is reduced across all the segments including Intraday at BSE, NSE and MCX on 2 January, 2019. It is in line with the new margin policy introduced by SEBI. As per the policy, the brokers cannot offer ab additional margin to customers. The margins are now prescribed by the exchanges and are the same across the brokers.
If the customer wants to change the bank account that is linked with their Zerodha account. The customer needs to submit the 'Account Modification Form' with a bank proof document. The steps to change the Zerodha bank account are:
1. Visit the Zerodha website
2. Move to the 'Download & Resources' section.
3. Download the 'Account Modification Form'
4. Fill the form, sign it and get a print out.
5. Attach the bank proof documents like bank statements, cancelled cheque etc., along with the form and send it to the Zerodha Bengaluru office.
No, at present the investing in Zerodha US stocks is listed in foreign stock exchanges is not possible through Zerodha. If you are still wishing to invest in Apple, Google, Facebook, etc. then mutual funds are the easiest way.