How to make demat account in Zerodha?
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- Updated On:15-Jun-2021
- Replies:1
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:
- Aadhaar Card as your Identity proof
- Make sure your Aadhaar Card is linked to your mobile number.
- PAN Card
- Bank Account that's under your name.
- Cancelled cheque of the account through which you want to link your Demat account.
- Copy of Signature on a blank sheet
- 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.
- 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.
- 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.
- 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.
- 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.
- 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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Discussion (0)
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.
I was just going through some stock broker reviews. So, I thought of sharing my opinion, A side by side Comparison of two popular stock brokers: Sharekhan vs. Zerodha.
You might have read about different stock brokers in India. Here I'll review two of the most popular discount brokers in India: 5Paisa v/s Zerodha Comparison.
You cannot open more than one individual demat account with one PAN card in Zerodha. However, if you already have a demat account with Zerodha and want to open a second joint demat account with the same PAN card, that is possible to do so.
Yes, discount brokers are safe in India and can be used for trading or investing because they are all strictly regulated by SEBI. Let's find out in detail why discount brokers are safe in India.
When talking about the best stock broker in India, we cannot rule out Zerodha. It is the market leader in bargain stockbroking, is premised in Bengaluru, and accounts for more than 15% of total retail trading activity in the country. Mr. Nitin Kamath formed the leading brokerage firm in 2010 Kamath, and it now has a customer base of over 6 million.
Yes, you can open two demat accounts with different brokers. But, you must strictly adhere to the KYC requirements, which include providing a PAN number and providing proof of identity and address as set forth by SEBI, for each account.
Zerodha is the largest stockbroker in India which holds more than 19% of the total market share. It is good for beginners as the account and brokerage charges are low. It offers a great trading platform and has a simple-to-use UI. All these features make it a suitable choice for beginners as well as advanced traders and investors.
To login Zerodha Kite, you have to enter your Login ID and password. Before that, you must have a demat and trading account with Zerodha to have complete access to its stock trading platform.
No, a demat account is not required for SIP or Systematic Investment Plan because a SIP can be purchased directly from an AMC (Asset Management Company), a third-party financial advisor, your bank, or other online platforms.