Account opening is now free at Zerodha
When we started in 2010, the account opening process was completely offline. As you’d expect, this led to a lot of back-and-forth if there were any issues with a customer’s paperwork. Opening an account had significant costs, and we had to charge an account opening fee to cover these costs.
The other reason for charging an account opening fee was that maintaining each account also has a cost. So the account opening fee also acted as a filter for only serious customers who wanted to start trading and investing.
Thanks to the introduction of Aadhaar-enabled KYC and e-signatures in 2016-17 account opening became fully online, and so we reduced our account opening fee from ₹600 to ₹200.
Now, even the ₹200 fee no longer makes sense. Over the years, our mission has evolved from just offering the best platforms to helping Indians do better with their money. To further that goal in mind, we’ve made demat account opening free for all resident Indians starting June 29, 2024. So go tell all your friends!
Nithin answers questions about why we made account opening free in this video.
Good news to our indian who wants to trade in the stock exchange.
I think it is best choice or best platform to all of us to trade and thanks you all zerodha kite team.
Hope successful in future.
Best of luck.
I have to open an new demat account
Hi Sravanan, we’ve explained the account opening process here.
Thanks
after fulfilling all the necessary procedures, i couldnt login.
Sebi and government discouraging retailers and zerodha encouraging through free account opening benefits
Not 200,you can make it 500 for opening account, but assure that there will b no problems in placing orders anymore.
How to open account in out of India
Hi Sendhil, if you are non-resident Indian, you can open a NRI account. We’ve explained the account opejing process here. If you need any assistance, please create a ticket and our team will help you with it.
How to get with your franchise
Hi Santhosh, we’ve explained the process for becoming a Zerodha partner here.
Make AMC charges and other charges nil
How to open child account?
Hi Phaninder, we’ve explained the process here.
Another Zerodha Customer , as per the conversation with Zerodha Customer Reps , The BSDA Basic Services Demat account options are automatically activated when you have only 1 demat and trading account. that is cheap enough and gives you no charges till 50000 value of holidings , but yes Zerodha , do make AMC cheaper and cheaper and apply after lakhs of holidings only
Remove amc charges