How to make demat account in Zerodha?

Short Answer

Zerodha is India’s largest and most trusted stockbroker with more than 3.4 million active clients. You can open an account with Zerodha easily by following some simple steps. Make sure you have all the necessary documents before you start with the account opening process.

Detailed Answer

Opening a Demat account is the first step towards your investment journey. Zerodha is India’s largest and most trusted stockbroker. If you want to open a new account with Zerodha, follow these steps.

Before you create your account, have a look at some of the necessary documents required to complete the process:

  1. Aadhaar Card as your Identity proof
  1. Make sure your Aadhaar Card is linked to your mobile number.
  1. PAN Card
  1. Bank Account that's under your name.
  1. Cancelled cheque of the account through which you want to link your Demat account.
  1. Copy of Signature on a blank sheet
  1. Income Proof, required only if you want to activate the derivatives section. (ITR, Salary slip, Bank Statement, Form-16, etc)

Steps to Account Opening

Once you have all these documents ready, you are good to start the process of account opening with Zerodha.

  1. The first step is to go to Zerodha.com or click on this link https://zerodha.com. You can also install the mobile application of Zerodha from the Google Play store & Apple play store. Once you have visited the website or downloaded the application, fill in the basic details like Name, Phone Number, E-mail, etc.
  1. After entering all the details successfully, provide the verification OTP on your Mobile number & Email ID. Once done that Enter your PAN details and make the payment of Rs 200 for Equities and Derivatives. If you wish to activate the commodities then it will cost you Rs 100 more.
  1. Once you have successfully completed the payment, you will be redirected to Zerodha's website. Here you will have to enter your Aadhaar details from DigiLocker. Post this enter your personal details accurately. You will also have to provide the Bank details of the account that you want to link with Zerodha. After completing all the steps proceed further.
  1. After this step you will have to complete an in-person verification where you will have to write a “Code” provided by Zerodha on a piece of paper and take a picture along with it and upload it.
  1. After completing the previous step, you will have to upload all the soft copies of your PAN card, Aadhaar Card, Cancelled Cheque. Then verify the Aadhaar details from NSDL. Click submit after entering the OTP in NSDL, and the process is complete.

In this way, you can open your Demat account with Zerodha easily. The account opening process will take 24-48 hours. Post this you will be provided your Account ID and Password, which you can use to access your account.

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Related FAQs

Can I open 2 demat accounts with different stock brokers?

You can open more than one demat account as long as you open them with separate depository participants. It is completely legal to own multiple demat accounts but you cannot have more than one account with a stockbroker.

Is opening a demat account free in India?

Yes opening a Demat account in India might be free with some brokers but not all. Apart from the opening charges, a Demat account is not completely free. You will have to pay an Annual Maintenance charge or Demat fee, every year.

Which is the best stock broker for beginners in India?

Discount brokers have gained a lot of popularity in the past couple of years. Zerodha is currently India's largest and most trusted discount broker which is also the best option for beginners. It has all the necessary qualities required for a good broker like low commissions, low-maintenance charges, high-quality trading terminal, etc.

How much money is required to open a Demat account in India?

Many Indian brokers allow you to open your Demat account for free, whereas some charge a nominal fee of Rs 200 to Rs 500. Although there are some recurring charges that you have to bear such as annual maintenance charges, Demat charges, etc.

Why do people prefer Zerodha over other discount brokers in India?

The popularity of Zerodha has grown manifolds in recent times, all thanks to its simple trading tools, low and effective broker charges, Zero opening charges, and an all-round package for investors looking for a reliable and effortless trading platform.

Can I do stock trading in India without a broker?

To buy and sell stocks in the Indian stock market, you will need a demat and trading account. A stockbroker is necessary to trade stocks because the broker will provide the trading account through which you will place your trades.

How do stock brokers make money?

Stock Market is always at risk and involves around a lot of aspects. A daily news viewer also needs time to understand what is exactly going on. To actually dive into the world of stocks, it is important to read about the companies and their strategies and that is what stockbrokers do. They understand the company, do their research and expect the price of stocks by studying the company's ways of dealing with stock market strategies and also about the market forces. Let us now go through the actual topic and understand things better.

Can we open demat and trading account without Aadhaar card in India?

Yes, you can open a trading and Demat account without an Aadhaar card but it's not possible to do that in the online method. To open your account without an Aadhaar card, you will have to visit the broker's branch and complete the process there.

What are Zerodha Alternatives? Best Discount Brokers in India

Look around and you will find plenty of discount brokers in India. A lot of stock broker options! The different alternatives to Zerodha include 5paisa, Samco, Upstox, Groww, Paytm Money, TradeSmartOnline, and Finvasia, etc. In fact, you can get a whole list of discount brokers offering their services in India.

Is Zerodha Safe and Reliable Stock Broker for Trading?

A quick answer to this: Yes, Zerodha is a safe and reliable stock broker for trading and long term investment. You might have heard and read so much about Zerodha, a leading and one of the best discount broker in India. It's just amazing to know about their huge customer base and fast growing company. **Do you ever feel that Is Zerodha safe and reliable stock broker for trading and long term investment?