Can a Zerodha Account be Opened Online? Documents Required & Charges Explained

In this digital era where everything can be done digitally from buying clothes to ordering food online people often ask can a Zerodha account be opened online?

Yes, Zerodha account can be opened online. Here are a few details regarding the same.

What papers are required to start a Zerodha trading and Demat account online?

To open a Zerodha Demat account online, you’ll need the following documents:

1. A photocopy of your PAN card, which you can upload to our website.

2. Aadhaar (if you don’t want to utilise your Aadhaar details, you can register an account offline).

3. Your Aadhaar-linked mobile number (required for online because you’ll receive an OTP)

You must authenticate the e-Sign procedure with an OTP to complete it. As a result, ensure your Aadhaar number is connected to your mobile phone. If you don’t, you won’t be able to finish the process.

If the phone number associated with your Aadhaar is no longer active, or if you don’t have one, you can update it at your nearest Aadhaar Seva Kendra. 

4. Bank Proof: Cancelled check, bank statement, or front page of your passport (anyone) to link your bank account – If your check is not personalised, the IFSC and MICR codes should be printed on the bank statement you upload. If you don’t, your application will be turned down.

5. Signature:

It will be necessary to supply a photo or scanned copy of your signature. (using a pen rather than a marker or sketch pen)

6. Proof of income (Optional)

Only if you want to trade Futures and Options – Equity, Commodity, and Currency – is it required.

a. Form-16 b. Acknowledgement of Income Tax Return

c. 6-month bank statement d. most recent pay stub e. Demat holding statement, or f. a CA’s networth certificate

Note: The documents listed are for a Resident Individual Account

If you’re interested to open your DEMAT Account with Zerodha, here is the Direct Account opening link

2021 Zerodha Account Opening Fees

Zerodha charges Rs 200 to start a trading account and Rs 0 to register a Demat account. Zerodha charges Rs 300 per month as an annual maintenance fee.

Create a Zerodha account either online or offline

A customer must open a trading account and a demat account with Zerodha in order to trade (in stocks, commodities, or currencies) or invest (in stocks, mutual funds). Customers who wish to trade only in derivatives do not need a demat account.

Zerodha offers three different types of accounts:

Account for stock and currency derivatives trading.

To take delivery of stocks, you’ll need a demat account.

To trade commodity futures on the MCX, you’ll need a commodity account.

Zerodha also offers a 2-in-1 account (a combination of a trading and a demat account) that allows for seamless automatic transactions between the two.

Zerodha Account Termination

If you don’t utilise your Zerodha Trading or Demat account for six months, it will be deleted. Call Zerodha to reactivate this dormant trading account.

If you are a Zerodha customer who is no longer using the account or has gone to another broker, you should close the account to avoid paying AMC fees. It also lowers the chances of someone else exploiting the account.

Zerodha customers have the option to close their accounts at any moment. The only way to close a Zerodha account is to fill out an Account Closure Request Form. Accounts can’t be closed through the website or by contacting customer service.

The application form can be found in the ‘Downloads & Resources section of Zerodha’s website. The customer can fill out the form, sign it, and send it to the Bangalore office by courier.

Note

The account may take up to two working days to terminate. Customers receive an email update on the status of their account closure procedure.

Before terminating the account, pay off all outstanding debts.

All of your securities should be transferred from your Zerodha demat account to your other demat account.

Zerodha does not charge a fee to close an account.