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 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 demat account is one of the services that is offered by the company to its customers. This service is a part of its two in one account that offers an integrated trading account and a demat account for consistent transaction between them. Zerodha is a depository participant (DP) with Central Depository Services Limited (CDSL).
Key features of Zerodha Demat Account that you must know are:
1. It gives you easy online access to shares, mutual funds, etc.
2. Zerodha 2-in-1 account facility helps you in carrying seamless transactions between trading and demat accounts.
3. The dividends are credited automatically to the linked bank account.
4. The low debit transaction charges for stock and mutual funds.
Opening a Zerodha Demat Account
Zerodha provides you a smooth demat account opening process. Now to open a Zerodha demat account you need some documents which are as follows:
1. PAN card.
2. Aadhaar Details (For online account opening).
3. Cancelled cheque or Bank statement.
4. Copy of your signature proof.
5. Income proof- Latest Salary Slips, Bank Statement, Form-16, ITR etc.
Note: Income proof is necessary if you are planning to trade in Future and Options (F&O).
Once you are ready with all your documents, in the next step you need to open a Zerodha demat account. You can also open an online demat account instantly if you have your Aadhar card linked with your current phone number. If not, then you may have to fill a paper form and send it to the Zerodha office.
Zerodha Demat Account Opening Demo:
Zerodha Account Opening Charges
The online Zerodha demat account is opened quickly within a few minutes of the successful verification of the documents on any weekdays.
In case you are wishing to open a Zerodha account offline then you will have to send the documents to Zerodha Bangalore office, once the documents are reached in the office then it will take two working days to open Zerodha account.
Demat account opening charge (Online)
Demat account opening charge (Offline)
Opening a Zerodha Demat account includes AMC (Account Maintenance Charge) Charge. This is charged quarterly directly from your trading account from the date your account is opened. Please note that Zerodha account opening charge does not include AMC.
For individuals, HUFs, Partnership firms and LLPs
₹300/- + 18% GST
For private and public companies
₹1000/- + 18% GST
For IL&FS Demat (account opened before 15th Sep 2015)
₹400/- + 18% GST
* HUF – Hindu undivided family
* LLP – Limited liabilities partnership
* IL&FS – Infrastructure leasing and Financial services limited
Basic Service Demat Account
A basic service Demat account is an account meant for small investors who don’t or can’t invest regularly in stocks, bonds, ETF’s, mutual funds, etc. The BSDA can be opened and maintained at a reduced cost.
The criteria to open a BSDA account is just that you should have only one single Demat account i.e. the BSDA needs to be your only Demat account across all the depositories and that the value of your holdings should be less than or equal to the limits mentioned below:
AMC (Excluding GST)
Less than Rs.50,000
Rs.50,000 to Rs.2,00,000
More than Rs.2,00,00
Holding value is counted for a year and also, AMC is debited on a yearly basis. If the value of holdings is your current demat account is under the holding value of Rs. 2,00,000, then your account will naturally get converted into BSDA. You should own only one demat account for BSDA.
Zerodha Account opening charges, Zerodha Brokerage and other taxes are the same as in demat account.
If anytime you open any other demat account with any broker or your holding value increases the above written limits then in both conditions your Basic service demat account (BSDA) account will get converted into a Demat account.
No, at present the investing in 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.
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.
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.
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).
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.
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.
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.
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.
Yes. Zerodha offers trading in forex but as per NSE we can trade only in USDINR, EURINR, GBPINR and JPYINR in India with any stock broker. 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.
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.
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.
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.
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.
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 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.
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.
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.
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.
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.
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.