Zerodha FAQ: Zerodha is a No. 1 stock brokerage company in India and they have more than +7.5 million customers. Zerodha has low charges, it even offers free value conveyance exchanging. For Delivery trading and as well as Mutual Fund there is no brokerage commission for lifelong.
The web and portable exchanging stages are not difficult to utilize and there is a wide scope of top-notch research apparatuses.
Zerodha FAQ (Frequently Asked Questions)
So, let’s have a look at the Zerodha FAQ asked by a huge number of people.
1. What are the documents required for an online account opening in Zerodha?
These are the below-listed documents required for account opening,
- Bank Account Proof(Bank passbook front-page photo/ Scan copy or online statement or cancelled cheque)
- PAN CARD
- Aadhar Card (with linked mobile number only for OTP verification purposes but you can sign-up with any number)
- Your Signature on a piece of paper (Photo or Scan copy).
- Income proof(Optional): Proof of Income is required if you wish to trade in F&O or commodity. Acceptable documents are the recent salary slip or the last six months’ bank statement or ITR.
If you’re interested to open your DEMAT Account with Zerodha, here is the Direct Account opening link
2. Whether I can open the account online?
Yes, you can open the account online only if you have the Aadhar linked mobile number but you can sign up with any number.
3. Whether the POA(Power of attorney) is required?
Not required
4. I’m a beginner. I don’t know how to buy stocks and sell them?
We have our own YouTube channel with the name “Trade Brains”. In this channel, you can find a lot of videos like ‘How to buy or sell stocks’, etc.,
Kindly subscribe to our channel to get regular updates about stock markets and relevant videos.
5. I don’t have the cancelled cheque whether I can open the Demat/Trading account?
Yes, you can open the Demat/Trading account by uploading your Bank account online statement or Bank passbook front page copy.
6. Whether Zerodha is providing the advisory services?
No, Zerodha is not providing the advisory services, it’s a discount brokerage company. Let’s say if any brokerage company provides the advisory, unfortunately, if you face any loss, then they won’t be responsible.
We recommend you before investing in any stock please do the fundamental analysis and then start investing.
For stock research and analysis reports you can use our own portal with the name “Trade Brains Portal”.
Trade Brains Portal helps in: Exchange minds entrance assists, financial backers, with making proficient stock examination and investigation by furnishing quality major information with keen visuals.
7. I already have a Demat/Trading account in ABC stock brokerage company, whether I can open it in Zerodha?
Yes, you can open an account in Zerodha. It is similar to if you have multiple savings bank accounts in different banks it’s also the same. You can have multiple Demat/Trading accounts with different brokerage companies.
8. Whether I can open the transfer existing Demat account from ABC Brokerage to Zerodha?
Yes, you can transfer all your shares to Zerodha, once the Demat/Trading account is opened in Zerodha.
To read more about how to transfer shares from one Demat account to Zerodha, you can read this article.
9. Whether I can open multiple Demat accounts?
Yes, you can open multiple Demat/Trading accounts.
10. Whether I can transfer my physical shares to Zerodha?
Yes, you can convert your physical shares to Zerodha online.
11. If my AADHAR card is not linked to my mobile number, can I open the account online in Zerodha?
No, you can’t open an online account in Zerodha. Please reach out to the nearest AADHAR Seva Kendra, then link the mobile number, then it will be linked within 3 to 4 days, then complete the account opening process online.
NOTE: You can sign up with any mobile number in Zerodha. You need AADHAR linked mobile numbers only for OTP verification purposes only.
12. What is meant by EQUITY?
EQUITY means you can invest in a company’s shares/stocks.
13. What is meant by COMMODITY?
Commodity means you can invest in Gold, Metals, etc.,
14. Whether I can open only the EQUITY account?
Yes, you can open only the EQUITY account.
15. Whether I can open only a COMMODITY account?
No, you can’t open only the commodity account, to open a commodity account you have to open the equity account as well.
16. I want to trade only in Mutual Funds whether I have to open an EQUITY account?
Yes, you have to open an equity account and a mutual fund will be activated automatically.
If you’re interested to open your DEMAT Account with Zerodha, here is the Direct Account opening link
17. Whether the NRI account can be opened online itself?
No, you can’t open the NRI account online. You can open an NRI account only offline.
18. Whether corporate companies can open an account in Zerodha?
Yes, you can open the account.
19. What if the Zerodha brokerage company shuts down?
You won’t lose this on the grounds that offers are kept in electronic structure, kept up with by either NSDL AND CDSL i.e. depository organisations in India. So regardless of whether Zerodha fails your portions are protected.
20. Whether I can have 2 Demat accounts?
You are lawfully allowed to open 2 or more Demat accounts, so long as the accounts are opened against a single PAN(Permanent Account Number) number. The stocks purchased through multiple Demat accounts are attributed to the unique PAN number. You should link your PAN number to every Demat account you open.
21. Whether Zerodha account closing is necessary if we aren’t using it?
Your record must be shut assuming you don’t have a negative record balance. You can present your record conclusion structure subsequent to clearing any dues. You need to guarantee there are no stocks/mutual funds in your Zerodha Demat account.
Closing Thoughts
Till now, we only discussed the important Zerodha FAQ. If you have any queries, you can leave a comment and we will have it answered for you. You can very easily open a Demat account on Zerodha by clicking here: Open a DEMAT A/c
That is it for this article on Zerodha FAQ. Hope this article has helped you get the answers you were looking for.
