Zerodha Demat Account Opening Procedure


 

  Procedure to open Demat account with Zerodha

In this post, we will explain the steps involved in opening the account with Zerodha Brokerage. But if you still have any further queries to be answered, you can submit your details through the form at the end of this post, one of the sales manager from Zerodha will call you back and help you out.

 

how-to-open-zerodha-demat-account

Also Read : Detailed review of Zerodha’s Brokerage charges and trading Platforms

Basically there are four ways one can open the account with Zerodha. You can choose any one of them as per your choice but keep in mind that account opening charges varies for each one of them.

  1. Online + Print forms on your own
  2. Online + Zerodha sends you the forms
  3. Offline + Print forms on your own
  4. Offline + Zerodha sends you the forms

Lets understand each of the above type in details and also the charges involved in each type

  I . Online+ Print forms on your own

In this method you will fill the forms first through online and then take the print out by yourself.

You need to follow below steps to open the Zerodha account in this way :

  • Visit Account opening page of Zerodha by clicking here
  • Register yourself by providing email address and contact number and clicking “continue to signup” button.

zerodha-demat-account-open-screen

  • You will be asked to set the password of your choice.
  • Once you set the password, next step is to provide the PAN number in the next window and hit continue.
  • The first section of the online form will have the fields for Name, Father name, Mother Name, Gender etc

zerodha-account-online-first-screen

  • Next sections will be about your correspondence address, Bank account details and Income/Networth information
  • Final section will be about the supporting document. One can upload the scanned copies of the documents. If you don’t have scanned copies, then just select the appropriate document from the dropdown menu which you are going send (hardcopy) and press “Save and Continue”

zerodha-kite-upload-documents

  • Note that, your form will be saved automatically each time and you can login back anytime to update it if you could not complete it in one go.
  • When you press “Save and Continue”, you will be directed to the window to pay the account opening charges (Hence review your application form before proceeding to payment).

zerodha-pay-account-opening-fee

  • Do not tick the “courier me printed forms” check box.
  • Account opening charges can be paid through Credit card/Netbanking
  • After the payment, take print out of the filled application form and sign across the places provided for signature
  • Attach the required documents (List of documents required are explained at end of this post)
  • Courier the forms and documents to Zerodha Office 

Account Opening Charges for this method :

  • Rs 300 (For equity) and Rs 200 (For Commodity), that means you need to pay Rs 500 if you want to open both Demat and Commodity account

  II . Online + Zerodha sends you the printed forms

In this method you will fill the forms first through online method and request zerodha to send you the printed forms to you (Rs100 extra will be charged compared to method I) :.

You need to follow below steps to open the Zerodha account in this way :


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  • Visit Account opening page of Zerodha by clicking here
  • Follow the steps explained in Type I until you reach the Payment screen.
  • Tick the “courier me printed forms” check box.
  • Account opening charges can be paid through Credit card/Netbanking
  • Once you complete the payment Zerodha will send you the printed forms to the address provided by you.
  • Just sign across the places provided for signatures
  • Attach the required documents (List of documents required are explained at end of this post)
  • Courier the forms and documents to Zerodha Office 

Account Opening Charges for this method :

  • Rs 300 (For equity) and Rs 200 (For Commodity), that means you need to pay Rs 500 if you want to open both Demat and Commodity account + Rs 100 for getting the printed forms from Zerodha.

  III . Offline + Print forms on your own

You need to follow below steps to open the Zerodha account in this way :

  • Visit Resource section of Zerodha by clicking here
  • Go to “Application Forms” section and download the “Application form  – Individual” or appropriate blank forms suitable for you.
  • Fill out the details in the form and sign across the places provided for signature
  • Attach the required documents (List of documents required are explained at end of this post)
  • Attach a crossed cheque in favor of Zerodha for the amount specified below (you can pay online also)
  • Courier the forms, documents and cheque to Zerodha Office 

Account Opening Charges for this method :

  • Rs 300 (For equity) and Rs 200 (For Commodity), that means you need to pay Rs 500 if you want to open both Demat and Commodity account.
  • If you want to pay the charges online, Please visit this link
  • If you pay the amount online, then NO need to send the cheque as mentioned above

IV . Offline + Zerodha sends you the form

You need to follow below steps to open the Zerodha account in this way (Rs100 extra will be charged compared to method III) :

  • Visit Account opening page of Zerodha by clicking here
  • Request a call back by providing your contact details
  • When a sales manager from calls you back, provide your address and ask him to send the blank forms
  • Once you receive the forms, fill it out as per the instructions and sign across the places provided for signature
  • Attach the required documents (List of documents required are explained at end of this post)
  • Attach a crossed cheque in favour of Zerodha for the amount specified below (you can pay online also)
  • Courier the forms, documents and cheque to Zerodha Office 

Account Opening Charges for this method :

  • Rs 300 (For equity) and Rs 200 (For Commodity), that means you need to pay Rs 500 if you want to open both Demat and Commodity account + Rs 100 for getting the blank forms from zerodha.
  • If you want to pay the charges online, Please visit this link
  • If you pay the amount online, then NO need to send the cheque as mentioned above

Documents required to open an account with Zerodha

Following documents are required to open open an account with Zerodha Brokerage.

  • Photographs
    • Two numbers, paste them on KYC forms and sign across them
  • PAN Card
    • 1 copy, self attested
  • Address proof
    • 1 copy, self attested (Driving license, Aadhar card, Voter ID, Passport, Bank Statement)
  • Cancelled Cheque
    • Your name should be printed on it.
  • Income Proof (Required only if you intend to trade in Future and Options)
    • 1 copy, self attested (Latest Payslip or Form 16/IT returns or latest 6 month’s bank statement)

  Where to send the completed forms?

You should send the duly filled account opening form along with the documents and Cheque (if not paid online) to below address.

   ZERODHA

   153/154, 4th Cross, 4th Phase

   JP Nagar, Dollors Colony, Opp Clarence School,

   Bengaluru – 560078

  Whom to contact in case of queries?

We tried to cover most of the aspects related to procedure to be followed to open Zerodha demat account. But if you still have further queries, you can request call back from zerodha sales manager by submitting your contact details below.



  Final Thoughts

One can choose any one of the method explained above to open an demat account with Zerodha. But Zerodha recommends the online way as chances of errors arising due to involvement of humans can be avoided. For example, when you hand write the details, the chances of doing mistakes by the account opening team is more. Also, in online method one can save the incomplete form, review it or edit it any number of times before taking the print out. One can also upload the scanned copies of the supporting documents and request Zerodha team to review them. In this way you can avoid multiple hassles like re-sending the forms to them if they find it incomplete/not acceptable, delay in opening the demat account etc.



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