Account Opening Documentation & Charges
Traders,
There are certain mandatory documents required while opening either Trading, Demat or Commodity account.
1.PAN Card (Permanent Account Number): You are required to provide a self attested photocopy of your PAN card.
2.Address Proof: Everything at Zerodha is online and all the information from us will be sent to you on your email. Even then, it is compulsory for you to provide us with an address proof.
You’d be required to provide proofs of correspondence and permanent address. Your correspondence and permanent addresses could either be same or different. If your correspondence address is different from your permanent address, then you’d have to give us a proof for each of the addresses. However, if you are already KYC compliant then PAN card and Address Proof is not required.
To get your account opened at Zerodha, you are required to courier us the Account opening forms. We would request you to give us your original documents like land line telephone bills, electricity bills, bank statements etc., as your proof of address. In case you are providing us your Passport/Driver’s License/AADHAR Card or any such document, we would appreciate if you could get such document notarized or signed by a gazetted officer. Regulators require us to ensure that none of the proofs you provide are forged and this process will help us ensure the same along with ensuring that your account gets opened faster.
The account opening instruction sheet has a detailed list of all documents that can be attached as address proof. Click here to download the Instruction Sheet for Equity or Commodities.
3. Aadhaar: You will have to fill your Aadhaar number in the application form as well as send us a self attested copy.
4. Income proof: To trade Futures & Options or to trade Commodities, Exchanges ask us to ensure that the client has some other source of Income/Networth. Hence if you want to trade these segments, you will be required to give us an Income proof or Networth Certificate. It could be Form-16, IT acknowledgement copy, 6-month Bank statement (will also act as an address proof), Stock Holding Statement, or the CA certifying your networth. This is a mandatory document for trading Derivatives today.
5. Photos: Passport size photos would be required to open an account. The number of photos required will depend on what kind of account you are opening.
6. Cancelled cheque : An original cancelled cheque is required to confirm your Bank Account and because it is an original document, it also ensures that we are complying completely with the exchange regulations. We would need one original cancelled cheque leaf and a cancelled cheque leaf would look something like this:
7. Charges for the account opening:
Update(9th December 2019):
- If you are opening your account on or after 9th December 2019, you will be charged Rs. 200 for Equity account opening and Rs.300 if you open both Equity and Commodity account with us online.
- If you wish to open your account offline then the charges will be Rs. 400 for Equity account opening and Rs.600 if you open both Equity and Commodity accounts.(To be paid via a cheque in favor of “Zerodha Broking Ltd.” for offline accounts)
Old charges:-
Trading account only (1 cheque in favor of “Zerodha”)
- If you use our physical forms: Rs 300. If you print the forms yourself: Rs 200.
Trading and Demat account (1 cheques)
- If you use physical forms: Rs 400 in favor of “Zerodha”. If you print the forms yourself: Rs 300 in favor of “Zerodha.” Annual maintenance charge (AMC) towards your demat account is Rs. 300/- which is payable at the end of the year.
Commodity Account only (1 cheque in favor of “Zerodha Commodities Pvt Ltd”)
- If you use our physical forms: Rs 300. If you print the forms: Rs 200.
Welcome on board,
Hindi
Hi,
I want to open a Zerodha account to trade in Cash/MF with my HUF PAN. Don’t want F&O & commodity. Do I still need to submit Income proof? I don’t have 6 month bank statement as well as I opened the HUF 3 months back. Please advise.
Thanks!
Hi Gowri, income proof is only required if you want to activate the F&O and commodity segments. If you don’t want these two segments, it is not mandatory.
i want to recover reliance shares from IEPF. can u help me? pls provide conatct details also
I want to open a trading account for my company CNorth (OPC) Pvt Ltd. Let me know the process.
I WANTS TO OPEN A D MAT ACCOUNT IN ZERODHA
Hi Subhendu, we’ve explained the account opening process here.
Hi iam not able to create new account. While starting problem when iam entered phone number and otp again it’s asking phone number and otp.not able to go next page which PAN card other thing 😔 please 🥺 help
Hi Saravana, we’re sorry about this. Please create a ticket at support.zerodha.com so we can have this resolved at the earliest. You can also contact us on our account opening helpline: 080 4719 2020.
https://zerodha.com/contact
Hi, I have completed all steps of registration but I don’t get userid/password. How can I login.
And one more question, is it mandatory to post all documents offline when you have done all online registration process.
Please clear my all doubts.
Hi Jaspreet, we’re sorry to hear this. Please create a ticket at support.zerodha.com so we can have this resolved at the earliest. You can also contact us on our account opening helpline: 080 4719 2020.
https://zerodha.com/contact
I am an unemployed person. I want to open account in zerodha as intraday trader. I had no transaction history in my bank statement but i had some amount. I want to trade with that. Am i eligible for intraday trading?
Hi Sravan, you can open and account and do trading.
I just turned 25yo in May 20th but it still asks 200 reg fee for me while opening account why?
How to open RGESS Account?
I have been successfully completed the account opening fee for zeroda but the payment section has still asking payment same. how to solve this issue.
Hi Pranav, we’re sorry to hear this, could you please create a ticket here so our team can have this resolved at the earliest?
You can also contact us on our account opening helpline: 080 4719 2020. We’ve explained the process of creating a ticket without logging in here.
You can track the ticket via email updates in your registered email ID.
I have created demat account just now. But it didn’t ask to pay for opening account. Should I login in the app and have to pay in that? Please clear this doubt
Hi, if you’re under the age of 25, you don’t have to pay any account opening fee.
We want to open an Account in the name of Family Trust , Kindly arrange to share the list of documents and allocate a RM to guide the process.
in this account we will transfer some stocks of worth 1.15Cr from Marcellus PMS.
My cell is 8510857890
Hi Tappan, getting this checked. Someone from our team will reach out to you shortly.
Just now I have paid 200 rs for demat account and while continuing my process it asked for kyc and my aadhar card phone number is not updated. You must have mentioned these type of thing before charging 200 rs. Please let me know the procedure to get my 200 rs back.
Hi Chandrasekhar, we’re sorry about that! But the fees paid towards account opening charges for enabling equities as well as commodities are non-refundable.
You can either opt for the offline process or open your account in the future with the same mobile number and email ID, once your aadhar is linked with your mobile number.
You can refer to our refund policy here.
We’ve also mentioned that online account opening requires your mobile number to be linked to Aadhar in the very first step.
i have completed the precess of opening demat account on zerodha official website but it didnt asked me for any fees … is there any issue?
Hi Soham, account opening is free if you are under 25 🙂
Sir my name deepanshu i have not pan card but account opening to transfer to uncle detail i am fill
I have opened my zerodha trading account. However while opening the account, it never directed me to the payment option. Even after my account got activated , still no deductions. Checked my bank statement too.
After paying 200/- during registration it is showing mothers first name is invalid although i am not getting option to edit the same
Hi Bhavana, please create a ticket at support.zerodha.com so we can have this resolved at the earliest. We’ve explained the process of creating a ticket without logging in here.
You can track the ticket via email updates in your registered email ID.
Can I open dmat account jointly with my 2 yr grand son. Naturally I shall operate it, later will be passed on to my grand son.
Hi Jawaid, you cannot open a joint account with a minor as a holder. You can however, open a minor account itself. Explained here.
I created a zerodha account but there was no option for submitting a cancelled cheque and I gave all my details and submitted my application. Is there any problem for opening with my demat account as they didn’t ask for it.
Thanks for sharing!
Hello Sir, My wife just opened account but in document verification your system mail me that bank account details and PAN name doesn’t match because in Bank details my wife’s father name is there and in PAN card updated name is there (My Name) so there need Marriage certificate but how can I submit? There is no way to submit. Can you please guide me?
Thanks.
Hey Krushant, please create a ticket at support.zerodha.com and attach the additional documents requested so our team can check and assist.
@Nithin Kamath Sir,
Sir, While I was adding funds to zerodha
Its very unfortunate that your support team is of no use. I have send all documents for name modification as told me by support team. and they rejected my documents mentioning it as mismatch of signature. which is not the case..
my signature is same.. n now just to lengthen the procedure and to make it more difficult. they are asking for more documents.. My name has changed in PAN & Aadhar and in Income tax and in bank also.. that’s the biggest proof that government and bank has changed my name in their documents. which documents is superior than these???
Kindly resolve issue at the earliest.
Hey Lisa, sorry to hear this. Having this checked. You’ll have an update on the ticket.
Sir
I paid the account opening fees but i am not able to complete my KYC on the site. I am a student and don’t have income certificate. can I complete the KYC later on anytime? My aadhaar is not linked to digilocker and phone number i gave to zerodha. Kindly guide
Hey Utkarsh, since your aadhar isn’t linked to your mobile number you can either opt for the offline process now as mentioned here. Or open your account in the future with the same mobile number and email ID, once your aadhar is linked with your mobile number.
Also, income proof is optional and is only mandatory if you wish to trade in futures and options. More here.
I am uploading password protected file with the correct password. but after the automatic refresh, it won’t upload. I try 3 to 4 times but I am not able to upload the file.
Thanks.
Hey Janak, best create a ticket on our Support Portal.
Sir, I am a house wife. I have dmat account with zerodha with a bank account opened about 2 month back only.I only deal in Equity section. Now I receive a mail that “submit income proof one out of five given options “. I don’t have as i am a house wife. So, pls tell me, if unable to submit
than
1. Will you close my account.
2.if yes, how much time do I have.
3. What will happen with my holding shares, and money in trading account.
Please guide me ASAP, very worried.
account opening
Hello zerodha,
I have some doubts… I’m a 21 year old student… So I dont have any income proof.
And My adhar card is not linked by my mobile number….
My adhar card is linked with my mother’s mobile number.
Adhar card is not added in digilocker.
In this situation can I open a demat account??
Please help.
@Nithin Kamath Sir,
Its very unfortunate that your support team is of no use. I have opened an account with Zerodha many months ago. When i did not get the login credentials, I contacted zerodha support via Ticket #20201130597342. Despite providing all the details, the person never solved my issue and he never even bothered to tell me why exactly i am facing this issue (his response and way of handling was pathetic).
ISSUE : After account creation, never got login credentials. Also if i use forgot password link, it just give an error “Invalid Credentials”, and no way to proceed.
PROBABLE CAUSE : While creating the account i provided my husband mobile number (He already have zerodha account). Probably zerodha do not support two different people account with same mobile. But in this case it should not have allowed me while creating itself.
Please help on this.
Client ID : MR7320
The forget password link only ask for
ClientID+PAN+Email or ClientID+PAN+Mobile
In both case after giving those details, It gives error “Invalid Credentials”, and no way to proceed.
I have provided screenshot for both cases, and the support ticket handler even tried hmself and saw that, but after many months he closed the ticket saying “Please clear browser cache” (which i tried many many times, and the ticket handler knew that).
If Zerodha cant allow me an account then even in that case the ticket handler could inform me the same.
Thanks a lot for resolving the issue.
Is the uploaded signature should be the same as the bank account signature or it could be different ??
Hello sir,
I am a student, and is it mandatory to produce a income certificate for us also.
It is little to produce it, is there any alternative for us to open a account in zerodha.
Thank you
Online form procedure is completed except for aadhar verification. I am sending my form through speed post to Bangalore. What documents do I need to send with the physical form?? Do I have to sign every page of the form?
Sir , I have opened trading account on zerodha, and I am unable to add funds to trading account as the bank is not associated with zerodha.
I do not have any account in other banks , what should I do ?
Hi Zerodha,
What is wrong with your account opening procedure, why the account opening charges are taken first when all those 7 steps of account opening are kept after deducting fees.
Now after deducting the fees of 300 rupees, in the 1st step itself your system is throwing error saying “your date of birth doesn’t match with PAN details”. What is this error? when my PAN details are absolutely fine and correct as per ITD.
I don’t want to open account with you/Zerodha, kindly refund my deducted fee amount.
Thank you,
Regards,
Rakesh MK.
Hi ,
I am trying to register a new account. But it says your Date of Birth doesn’t match the details on the PAN card . However , I have checked multiple times and it seems to be right . Please help. Thankyou and expecting a quick turnaround.
After paying 300 Rs fees, Zerodha is giving me an error about MY DOB doesn’t match as mentioned in PAN. I have checked twice , details I entered are absolutely correct. Please look at this and send me a mail for resolution.
Same issue here. 300 was cut from my bank but dob not matching pan details?? Please clear the issue
After paying 300 Rs fees, Zerodha is giving me an error about MY DOB doesn’t match as mentioned in PAN. I have checked twice , details I entered are absolutely correct. Please look at this and send me a mail for resolution.
I was trying to open an account with Zerodha. After making payment of the fees of Rs.300 now it throws the error that my DOB does not match as mentioned in PAN. I know for the fact that the details in my PAN are absolutely correct and I have been using it regularly
I noticed that many people are facing this problem when opening account with Zerodha. Something wrong with your system.
Please immediately address this issue and send me a mail.
Hi Team,
I am facing below issue while cfreating an account. Kindly look into this & do the needful
Issue: Though I have entered my DOB correctly its still thrwoing an error “Your Date of birth doesn’t match with PAN details.”
I have already paid the account opening fees, but when I entered the PAN and DOB it’s not matching, which is not possible as I have tried it many times and it is still showing the same, please help me with this. its two days in a row that it is still showing the same.
Thanks
Regards
Rajendra Kumar Joshi
While trying to open a trading account I have paid online Rs 200/- post which I get a message that date of birth as per PAN does not tally. I wish to inform that your system must be accessing some old data base as regards the PAN data I have changed my date of birth long ago in my PAN records and the date of birth which I have used for opening the account is correct as per the PAN verification data on the income tax website.
I have also seen similar complaints in this section. Kindly help me complete the transaction and I can submit other proofs of date of birth. The amount should be collected only after verifying all the required information and not before that.
I was trying to open an account with Zerodha. After making payment of the fees of Rs.200 now it throws the error that my DOB does not match as mentioned in PAN.
Please help
I was trying to open an account with Zerodha. After making payment of the fees of Rs.300 now it throws the error that my DOB does not match as mentioned in PAN.
Please help
I have open both Equity and Commodity account online by paying Rs. 300/-
It is still showing commodity not active. How to get it active?
Hi Nithin/Zerodha Team
While opening the account with Zerodha PAN number and date of birth verification happen two times. Once before taking payment for account opening and other after payment for opening account. There is a bug with their software and they are not willing to accept there fault. Before making the payment the PAN number verification and Date of Birth get validated correctly and after the payment same validation fails and says that “Your Date of birth doesn’t match with PAN details.”. How is this possible at one step the validation passes and post paying the account charges the same validation fails.
After raising the ticket to Zerodha support their customer support says try entering the month and date by swapping the values. Now if you enter the date and month as suggested then to my surprise this validation gets passes and I am is able to proceed further and open the account.
Now after opening the account user gets CMR (customer master record) the document from Zerodha which has all the required details and in this document the date of birth is different from the actual.
On this page, around 15-20 people are reporting the same error. Is this some kind of scam to ask the customer to pay the account updation charges even if this is the mistake of your software?
I raise the ticket for the same for 3 weeks and still no resolution with the same. Every time the CCE starts with the same script that you KYC is not correct from where we are fetching the data.
Kindly look into the issue and resolve the issue.
Ticket details are as follows:
#20210417185504
#20210408439804
Thanks
Praveen
While account opening, I am facing an issue of “Your Date of birth doesn’t match with PAN details.” raised ticket #20210420645743, but still no resolution provided
I paid 200 rupees for opening my zarodha account and I am on Step 2 of the process if I do not proceed further with the account will I still be charged 300 for AMC or any other charges
Hi I have a savings account with 35,000 in it.
Can I link this account to Zerodha while creating a profile? Is it wise?
I am facing a problem after paying 300 as “your DOB doesnt match with PAN Details”. please resolve this issue ASAP. i have seen lots of users has faced the same issue previously.
hi
how to send POA physically to avoid T-PIN to place orders.
Thank you.
I have paid 200 rs account opening charges but further says dob does not match pan details but they are absolutely correct. Mobile no is 9419624367. Please sort out the problem to open my account.
Dear Sir,
I want to ask you one question. what is the time limit to complete the account opening process once payment is done.
My friend got 1 rupee from zerodha after account opening form filing in his bank account,I am not getting it.
My question- why zerodha deposit 1 rupee. And if not get 1rupee then it affects account of zerodha
Date of birth does not match with PAN.
Paid 200 already.. Kindly tell the next steps or return the money back.
There is issue an opening a new demat account.. I have to inform you that I have paid your fees and now your system saying that you DOB mismatch..How can it is possible??…So therefore as customer I am requesting you to resolve a problem within one day time period or either you can return my money back..
Your Date of birth doesn’t match with PAN details even after its correct.
I also faced the same problem after payment it shows the error that your date of birth does not matched with PAN details. To whom should we contact to solve this problem.
While account opening, I am facing issue of “Your Date of birth doesn’t match with PAN details. Kindly assist to resolve.
Our salesperson will reach out to you to help out with this in a bit.
I am facing the same problem. Can anyone reachout and help?
I’ve been trying to open an account with your platform, but despite the money being deducted, there is an error being displayed on the screen that the Date of Birth does not match with the PAN details. This is absolutely incorrect because I’ve been using the same details for multiple events, and there has not been a single inconsistency or error till date. Please do resolve this situation at the earliest.
Hi,
Facing issue of PAN-DOB mismatch while signing up after paying the fee on INR 300, please help.
I have entered correct PAN and DOB still showing mismatch error and have validated this on the ITD site and document. I notice that many other users are facing a similar problem.
Request you pls have someone reach out and help resolve the issue.
Looks like you have moved past this page, we’ll have the salesperson reach out to you to complete the signup steps.
Hi Team,
I am also facing same issue as everyone else, after payment its throwing error that my pan details does not match, I validated the details already. Ideally the payment should be collected at the final stage after all the verifications are completed. Absolutely not acceptable from a big platform like Zerodha. I have already raised below complaint 5 days back but no solution yet. Can someone please assist or refund the money at least?
Complaint # 20210113392131
After paying account opening fee I am facing the same issue that Date of Birth does not match PAN database. Raised a ticket yesterday but no response or resolution
After deducting 300 rs, I am continuously getting the message of my pan card record and birthrate not matching. Need assistance to open the account.
I am a student i don’t really have any income proof what ever i get as my income is in cash. I want to create a secondary source of income trading options but the problem is my bank statement shows a very little amount of about rs. 8000 in last 6 month will i be able to trade options.
My DOB on PAN is correct still i am unable to proceed to open account as it is showing error that
my DOB on PAN not matching.
hi sir, i am student
i have decided to open demat account and trading account zarodha.
i can open account or not?
You surely can. Refer this https://support.zerodha.com/category/account-opening/online-account-opening/articles/how-do-i-open-an-account-online
Hi,
I am facing error during signup, i have done payment Rs.200 but at the end DOB mismatch error occured. I have checked with Pan and Aadhar card both, details are correct. Please solve this kind of error and process my account.
Hi,
I was trying to open an account with Zerodha. After deducting the fee of Rs.300 now it throws the error that my DoB does not match as mentioned in PAN. I know for a fact that the details in my PAN are absolutely correct and I have been using it every year to file my ITR. I have raised ticket 20201111993046.
Request you look into the matter and address the issue.
Thanks.
dear Sir,
My account opening process is in complete at Zerodha
I am trying to upload my signature but all the time it showing unclear pics, because of this issue i am unable to complete my application.
Please help!
Facing the same issue. Paid the 200 rs as an account opening fee and now it is saying that the DoB does not match with Pan records.
There are so many complaints about this issue. Tried calling support but no response.
I wonder, is this a big scam being done by Zerodha?
My ticket number is: 20201107695891
After this pathetic experience, I think it’s better to pay a bit more but stick with the known players (ICICI, Sharekhan, etc).
I was opening a Demat account. I completed my payment successfully and now it is saying the DOB does not match for the PAN Number shared. It is an error as the details entered were correct.
To confirm there is no error in government digital and physical data – I reconfirmed the details of my PAN card from the income tax efilling portal.
Please check and help with the issue.
Very poor support team tried contacting multiple times, nobody responds back to the call.
Dear Sir,
I’ve been trading in Equity for 3 months in Geogit, i would like to apply for F&O in Zerodha. My monthly salary is 18k. Will i be able to apply for F&O with my salary proof? is there any minimum salary requirement?
Thank you
You can, there is no minimum requirement as such.
Hi There,
I have submitted a request to open a new demat account with zerodha. Since I have a joint account with my husband, I have already verified with customer care regarding my eligibility using the joint account. But after the process of account opening, I am getting rejection based on my bank account documents.
Please help me to sort this out. I already raise a ticket for that and also talked with customer care. If you want i can share my ticket number.
We see that this is sorted and your account is open. you can check our product suite here:https://zerodha.com/products
after payment of rs 300, it is saying my DOB doesn’t match with pan. Thought my pan has correct dob. please help resolve asap.
Already a zerodha account and was helping a family member to open an account but after payment it says DOB and PAN DOB doesn’t match. It is indeed correct and same is mentioned in the PAN I have. Please clarify.
I would have expected Zerodha to specify any issues before the payment, this is rather strange.
You can mail me on this as soon as possible, need to get this done soon.
Sir,
Can we pay account opeining charges with another accunt, which is not account holder.
While account opening, I am facing issue of “Your Date of birth doesn’t match with PAN details.” raised ticket #20200918435176, but still no resolution provided.
Same issue
Yes, i am having the same issue as well. Can you pls let me know if your issue has been sorted? I have already paid the account opening charges.
Hi
Can i a demat + trading account account be opened to trade in equity and F&O by a housewife having savings Bank account?
Only 1 month bank statement is available as the account is new
Same here. Why cant all this validation be done before asking money? For paying no validation is asked, plus customer is left wondering ?
Facing same issue of DOB not matching PAN, checked Goverment website it matches. 200 rs cut ,please resolve this issue
Hi,
Facing issue of PAN-DOB mismatch while signing up after paying the fee on INR 300, please help ASAP.
I have entered correct PAN and DOB still showing mismatch error and have validated this on the ITD site and document. I notice that many other users are facing a similar problem.
Please have someone reach out to me and help resolve the issue.
Hi,
Facing issue of PAN-DOB mismatch while signing up after paying the fee on INR 200, please help.
I have entered correct PAN and DOB still showing mismatch error and have validated this on the ITD site and document. I notice that many other users are facing a similar problem.
Request you pls have someone reach out and help resolve the issue.
Hi,
Facing issue of PAN-DOB mismatch while signing up after paying the fee on INR 200, please help.
I have entered correct PAN and DOB still showing mismatch error.
Ticket no-20200828573562
I was trying to open an account with Zerodha. After making payment of the fees of Rs.300 now it throws the error that my DOB does not match as mentioned in PAN. I know for the fact that the details in my PAN are absolutely correct and I have been using it regularly
I noticed that many people are facing this problem when opening account with Zerodha. Something wrong with your system.
Please immediately address this issue and send me a mail.
Already a zerodha account and was helping a family member to open an account but after payment it says DOB and PAN DOB doesn’t match. It is indeed correct and same is mentioned in the PAN I have. Please clarify.
I would have expected Zerodha to specify any issues before the payment, this is rather strange.
You can mail me on this as soon as possible, need to get this done soon.
I have uploaded my all document on digi locker there after its showing option for capturing picture but after capturing verification picture that there is no option showing whether process completed or what
its a month from payment of initial charges no one is responding on call.
Sorry to hear that. We’ll have someone get in touch with you to help soon!
I have tried to open online account, before making payment i found that mobile number i have mentioned is not same as registered to aadhar & pan. Hence logged out and tried signup with correct mobile number. But system shows error that PAN is alrrady registered. Pls guide me for resolution of this matter…
Hi,
I was trying to open an account with Zerodha. After deducting the fee of Rs.300 now it throws the error that my DoB does not match as mentioned in PAN. I know for a fact that the details in my PAN are absolutely correct and I have been using it every year to file my ITR.
Now i can’t anyone of zerodha team.
Hope they all are safe and alive & will do something in this matter
Request you look into the matter and address the issue.
Thanks.
I have the same issue …please help have raised a ticket
I have the same issue PAN and DOB does not match..please revert ASAP..or call on 9870505173..
Hi,
I was trying to open an account with Zerodha. After deducting the fee of Rs.300 now it throws the error that my DoB does not match as mentioned in PAN. I know for a fact that the details in my PAN are absolutely correct and I have been using it every year to file my ITR.
Request you look into the matter and address the issue.
Thanks.
While trying to open an account, your website first required an authentication for PAN DOB and then payment. I did payment and then this is telling that there is a mismatch in PAN and DOB!
I checked at ITD website and found that PAN-DOB is correctly entered.
However your website is not able to correctly match with ITD data.
More surprising is that this validated in first go and allowed the collection of account opening fee (300/- INR) and then this started giving false error that PAN – DOB does not match!
i want to open the account, KYC has been Verifed , Payment also been deducted 200 Inr for Account opening
But showing DOB is not matching with PAN submitted, However i checked many times..
Please suggest.
After payment, i am also getting PAN and DOB mismatch. I have verified the details in IT database.
Create a support ticket 20200525759158.
Please look into this asap or refund back the amount.
Hey Ankur, our salesperson will be reaching out to you in a bit to assist.
Yes..facing the same issue. they took screenshot and no followup yet
I received a call for assistance and i sent a mail with the screenshots and the problem that i was facing but there was no follow through. kindly help. I want it to be done asap. it is the same problem of the DOB issue with the PAN card even after entering the correct DOB that few others are also facing like i read. kindly look into it.
Hi,
I was trying to open an account with Zerodha. After deducting the fee of Rs.300 now it throws the error that my DoB does not match as mentioned in PAN. I know for a fact that the details in my PAN are absolutely correct and I have been using it every year to file my ITR.
Request you look into the matter and address the issue.
Thanks.
same here
Hi,
I was trying to open an account with Zerodha. After deducting the fee of Rs.300 now it throws the error that my DoB does not match as mentioned in PAN. I know for a fact that the details in my PAN are absolutely correct and I have been using it every year to file my ITR.
Request you look into the matter and address the issue.
Thanks.
Its been a week and still not response whatsoever. Tried reaching out through various modes to no avail.
Request you either kindly respond to the query or refund the money.
Hey Robin, don’t see any support tickets with your email ID. Can you please email lindo[at]zerodha[dot]com with details? Will have this sorted ASAP.
Hi Robin
Did your problem get resolved? I am also facing the same issue but no resolve yet. Nobody answers the phone numbers also.
I was opening a Demat account. I completed my payment successfully and now it is saying the DOB does not match for the PAN Number shared. It is an error as the details entered were correct.
To confirm there is no error in government digital and physical data – I reconfirmed the details of my PAN card from the income tax efilling portal.
Please check and help with the issue.
same issue with me
same issue with me!
Same Issue
same issue with me.
what to do?
Even I got the same issue…(DOB IS CORRECT IN PAN DATABASE)
Hi,
I’m also getting exactly the same issue. How to resolve it?
Please help
Getting the same issue, how to resolve this?
Same issue, getting DOB does not match with PAN details.
hey hi i just did the process of filling PAN card details and did the digital thing by providing AADHAAR number and did done the fee procedure and did the transaction of 300 rs what you needed for accounting opening.
May i know what will be the next step as i did not get any new information after i did my procedure.
Can you please help? Will i get any notification on my email address to provide docs or what?
Hi Cion,
Looks like someone from our team has assisted you on the call and you have completed the signup formalities from your end. You will get an email with the link to set up your account shortly.
Hi All,
I have opened zerodha equity and commodity account in oniline at a time, equity segment is active but commodity segmentis not active im not able to add funds to my ommodity segment, can anyone explain what is the problem.
Hey Rajendra, I see that you have not e-signed your commodity account and hence it was never opened. Please go to signup.zerodha.com and complete the e-sign process for your commodity account.
hi,
i am a Student and a small advertisement Maker, do stock exchange is a good option for me?
i have 6 month bank statement, but my income is not regular, will it work?
please guide me.
regards
Abhinav
Sir Iam from Kerala and now working in Kuwait.I need to open an account in Zerodha.Now i dont have a NRI account in any of the following banks that you are listed. please provide further procedure and list of documents that are mandatory
Please refer this link for the process of opening an NRI account. The brokerage charges for NRI accounts are 0.1% or Rs. 200(whichever is lower) per executed order. Check out the other charges apart from brokerage here.
Kindly share your contact details to nridesk[at]zerodha[dot]com so that we can have someone assist you further.
I have chosen both equity & Commodity instead of only equity. i also paid for both. now during the process it asks for income proof for commodity to complete the esign. what can i do now for opening only for equity account ?
You can omit uploading the income proof and the commodity account will remain pending. It’ll be activated whenever you provide the income proof in the future.
Hi,
I am trying to Signup to Zerodha to create both equity and commodity account. Payment is done.
While trying to connect to digilocker I am trying from my mobile number as my Aadhar is linked with my father’s number.
Query: While attempting connect digilocker using my mobile number I am getting popup saying “Your Digilocker isn’t linked to Aadhaar yet”. Is it going to take time? or my Signup is having some trouble?
I tried to sign up for an account by paying 200 rupees (for equity). Then i upload all the required documents. Then i e-verify my adhaar and PAN by entering the OTP i received on my mobile. Now the screen shows a payment of Rs 100 for commodity. I uncheck the Commodity checkbox and click on the pay & continue button. It asks for a VPA. So I enter a VPA. Then I click on pay & continue button. It says “invalid amount”. But I don’t want to choose commodity. I thought it was optional to take commodity. Please reply to why i can’t proceed further in account opening without selecting commodity.
After payment of stipulated charges & upload of required documents, on line account opened on 1st Feb20, but no client ID and password have been provided yet.
Hi Swapan, have you also completed the e-sign process?
i have a NREPIS accountwith AXIS BANK and trading & demat accounts with AXISDIRECT.
Now i want to open trading and demat accounts with ZERODHA.
can i map the same NREPIS account of AXISBANK for to zerodha tradinf and demat accounts?
do i need to close the trading and demat accounts of AXISDIRECT or can i continue to hold them too?
please clarify.
Hi Kiran,
Yes, you can open an NRI trading & demat account by linking the Axis Bank PIS account. A PIS permission letter is required for the NRE account.
You cannot have multiple accounts linked to one PIS account. You would have to initiate the closure of the accounts with Axis direct once you open the Zerodha account.
Kindly share your contact details to nridesk[at]zerodha[dot]com so that we can have someone assist you further.
Can I open a demat and trading account with Canada bank in zerodha
I’m afraid not. You’ll need an Indian bank account.
Hi,
While trying to open the account I have put my phone number and my Wife’s PAN card number by mistake, Now when I try to start the account opening process it is not letting me edit the PAN number, I want to open the account with my name and PAN respectively. Can you please reset the process for me.
Zerodha asked me to mandataorily invest in uti master share mf min 100 investment. I have lost a lot of money through that. Are there any other account types where there is no mandatory investment asked by zerodha?
hello, i filled all the forms online and i got a POA, my problem is that do i have to sign in 3rd page where nominee section is given since i dont want any nomination so should i just sign on 3rd page and send it to you?
hi. ..can i upload 6 month passbook entries for income proof or (i have 5 months and 18 days statement will it be ok for income proof)???
the account which i am linking with zeroda ,the bank statement dose not have IFSC code and MICR code printed on it they stamped both the codes on statement will it be ok???
I’m afraid we need a 6-month statement or passbook copy at least.
What is minimum amount needed to maintain in the account to trade in F&O so that it can be verified by Zerodha without any rejection ? (since i m student but still want to trade in F&O although I have DEMAT account on zerodha )
There is no minimum requirement as such.
I am trying to register but it always says date of birth is not matching with PAN number
I already have zerodha trading account with active F&o, currency and commodity segments. Don’t have demat account.
Now I want to open DEMAT account. Want to know the procedure.
Will have someone get in touch with you to help soon.
can I submit another doc in place of Cancelled cheque.
i want to ask if a student want to open account , how will he able to show income proof . , but i am 18+.
If you have a demat account with holdings, you can give the DP holding statement. If not, you can also submit a 6-month bank statement.
Sir
I have 2 bank accounts
One is axis Bank which is opened 4 months ago
Other is indian bank which is opened an year ago
I want to open demat account with my Axis Bank account
For bank proof i can submit the latest bank statement
But for the income proof as 6 months bank statement is mandatory can i submit the indian bank’s 6 month bank statement
Hi,
While sending the nomination form as a courier to your head office, is it mandatory to provide the proof of identity of the person we are nominating.
Hi Jarina,
Sending the proof is optional refer: https://support.zerodha.com/category/account-opening/online-account-opening/articles/how-do-i-add-a-nominee-to-my-zerodha-demat-account
Regards,
sir, when will my account gets activated, i couriered 2 days before, still my demat account has not activated, i can open the zerodha kite aside but any idea when will my account activate??
I have commodities account in Zerodha. I just need to open Demat/ Equities account. While trying to open account it’s just starting with PAN number along with DOB. Once i enter these details it’s throwing an error like “This PAN is already registered with us”.
How can i open online account.
If you already have an account with us, you can’t use the online process. You can download the forms here, sign and courier them to us.
I HAVE A DOUBT KINDLY CLARIFY..
WHILE OPENING ACCOUNT ZERODHA ASKED ME TO ENTER PAN CARD NUMBER AND I ENTERED IT BUT,
THE DISPLAY NAME SHOWS MY FATHER’S NAME AND NOT MY NAME,MY NAME IS NAVEEN KUMAR M BUT ZERODHA DISPLAYS
HI MURALIDHARAN AFTER I ENTER THE PAN CARD NUMBER
DOES IT NORMALLY SHOW THE SURNAME/LAST NAME OR IS IT A PROBLEM..
my account opening was rejected due to wrong image uploaded in cancelled cheque.
Now i want to upload the same unable do that. please help
During process of a/c opening it just asked cash/currency/FNO segment and also commodities. I did not choose commodities. The process did not specifically asked for DEMAT a/c. So I have paid Rs 300/- . Please let me know how to open the demat a/c.
Thanks
In order to trade in the cash market, you’d need a demat account, so a demat account is opened as well. You only need to sign and courier the PoA for the demat account. Log into signup.zerodha.com to download the PoA.
Can I use yono sbi insta savings account with zirodha
It No full kyc
Yes, you can.
Dear sir,
I have submitted document signed successfully what is the next Procedure to open the A/C?
And paid the charges through net banking.
Can I use axis asap bank account with zirodha
It is not full kyc
Yes, you can.
CAN I UPLOAD MY PASSBOOK STATEMENT BY CAPTURING IT.ONLINE DOWNLOADED STATEMENT IS NECCESSORY.
I want to apply offline.Zerodha say photo copy should be self attested.I have to attested from an officer.
I have paid 300 but my aadhar is not linked with my mobile no.I want to apply offline.But I have not personalized cheque can I send my bank statement instead of cancelled check.
Can I use my 10 days old bank account.6 month old account is necessary.
You can use a 10-day old account for opening an account. A 6-month statement is only required as income proof to trade F&O.
Can i use my father’s bank account for opening zerotha account.I have no bank account.
The bank account holder and the trading account holder have to be the same. If you want to open a trading account in your name, you’ll need a bank account.
Hi,
I have paid 500 Rs to open the Zerodha account (online). When I tried to enter the PAN details in the page “Let’s start with your PAN” . Error message as “This pan is already registered with us”. Please advise how to proceed further.
I tried contacting Zerodha help but not much help!
Thanks.
You can go to signup.zerodha.com, click on ‘Forgot password’ and proceed with the account opening.
i have a bank statement from Jul 18 to Jan 19, will it work for F&O activation?
I have account with zerodha since 2015. Recently received communication from zerodha that we have to close our IL&FS demat account (Opened by zerodha) and open a new account with zerodha. I sent all required forms filled before Oct 2018 and my demat account with IL&FS should have been closed within 10 days (as confirmed by ilFS and zerodha support). There was no followup done by zerodha support and ILFS charged me AMC amount for next one year till Nov 2019 which was debited from my account.
I should not be charged for this lapse in process followup and work commitment at zerodha and I Should be refunded the AMC charges debited from my account.
Nitin, Do you mind paying attention here. its a small amount but big for me… Now due to delay at your end, another issue is recently allotted shares having inactive ISIN remained with ILFS demat..
Sir,
I want to open only Commodity account and equity account not required. Is it possible?
Regards,
Bangarappa
1.After opening demat and trading account in zerodha, do we get charged for maintenance of demat account even if we dont to do any trading for one or more years.
2.Is doing trading below 50000 in zerodha free( ie] no maintenace charge for demat account )?
1. If there are no holdings in the demat account, it is automatically converted to a BSDA account and no AMC is charged.
2. If the holding value is less than 50,000, the account is again converted to a BSDA account with 0 AMC. If the value of holdings is above 50k, but below 2lk, the AMC changed would be INR 100.
Explained in more detail here.
Res sir,
I want open demat account ( all ) but .
I have not any proof income , no transaction from 1 year and also not any it returns proof
But I want to have cheque book nd other pan ,adhar, identify proof..
Can I open account ??
Yes, you can, Ganesh. However, without a proof of income, you will not be able to trade F&O or commodities.
i would like to open demat account for my mother. she is 91 year old. for converting physical shares to demat format. i had applied for pan no. for her. i need to process this within a week as SEBI kept deadline for converting physical shares to demat by dec.5th.
kindly help so that i can open this at the earliest.
pan no. will be getting within a week.
also please share your chennai contact address and person name to open an demat a/c.
thanks.
n.venkateswaran
824 844 7185
The deadline was for transferring the physical share certificate and not for the dematerialisation.
Sir, what if MICR code is not printed on my passbook (IFSC code is printed) of Union Bank of India, is it ok to submit passbook copy as Bank proof ?
Please do reply
Thank you for previous replies 🙂
I all process complete for open trading account I get a message FORM PICKED BUT NOT YET VALIDATED
Hi
I wanted to open a account for equities alone. I have pan, aadhar. I am a student. I opened an account in Digibank yesterday. There are no cheques in the bank.
1.Will i be able to open account now.?
2.What should i do for bank statement?
You can take e-statement using internet banking.
Sir,
I want to trade in equity only (intraday)
I have opened a account in Union Bank about 2 weeks ago
I have aadhar card , pan card , bank passbook and photographs (don’t have cancelled cheque, bank statement)
1. Am I able to open demat and trading in zerodha ?
2. Can I upload bank passbook scanned copy as bank proof ?
3. Is it mandatory to courier you cancelled cheque leaf ?
( Or it will be sufficient to courier you photocopy of bank passbook for complying with exchange regulations)
Plz do reply
1. Yes
2. Yes.
3. No, passbook would suffice.
Thanks for your reply Sir
I am not KYC registered
What should I do ?
I will open account through online mode
Just enter your details and proceed. Our online account opening form will guide you through the process. If you’re stuck at any point, a sales executive will call you and help you with the process. 🙂
i have courier commodity account activation forms which have been delivered to you on 13/10/18. kindly check
& activate the same
Hello,
I have a Trading/Demat account with another service provider, and it is a basic plan which does not provide facilities like Charts, bracket order, Cover order..etc., they advised me to change to advanced plan to get the same which is costlier than basic plan., I would like to know whether Zerodha also having such a classifications? , if not, then i would like to open a Trading/Demat account with zerodha. Please explain in detail so that i can decide.
Thanking you,
Regards.
Kamesh.
Hi Kamesh, we have the same pricing structure for all our clients. Our trading platform is available to everybody at no charge.
I have demat account with zerodha. Now i also want to activate commodity account. can this be done online?
Yes, you can log in to signup.zerodha.com and eSign the Commodity account opening forms.
Hello,
I want to know, whether I can update my primary bank account as Digibank (DBS). Digibank will provide Statement online. Do you accept such statements copies, if I send you the printed copy via post?
Yes, if the statement carries Bank logo, account name, account number and IFSC code, we will accept it.
You need to send a signed account modification form along with this.
I am having NRI account with Zerodha since long time. Experince with Zerodha is Fantastic. Very Professional and Co-operative staff specially Mr. Pawan Tripathi. Thank you
SEBI extended NSE derivative segment trading hours till 11:55pm from today(i.e 1st Oct) . But timings havent changed. Why is that so?
While SEBI has approved that trading hours can be extended from Oct 1st, the exchanges are yet to implement the same.
Equity derivatives market will function till 3.30 PM only until further notice.
Hello sir,
I open an account before 1 month but till now your care employ not provide me the authority of sell the share.
Daksh, have you submitted your POA?
Request you to contact Support for further assistance
a canceled cheque is compulsory for opening new A/c
I am not able to open the account in zerodha because system is showing locked sign while opening account
Hi,
I just completed the online process of opening an account with Zerodha. I was charged Rs. 300 as the account opening fee. Does this include the fee for both trading and demat accounts?
can i open demat & trading account in zerodha ? using karnataka bank saving account? what is the requirement documents from karnataka bank? check or statement? pdf or zerox copy? for online account opening? any trouble to fund transfer or withdrawl in karnataka bank? pls answer??
Hi. You can use Karnataka Bank in order to open a Zerodha account. You can, however, make online fund transfers only through UPI/NEFT/IMPS as Karnata Bank does not support payment gateways for direct payments. With UPI, however, this shouldn’t be a concern. In order to open an account online, you’d have to submit either the PDF of your bank statement or a picture of your cheque. Only make sure that whatever document you upload has your name, IFSC and account number clearly visible.
Sir, I am trading in equity & FnO. I want to enable commodity services. Presently I don’t have a cheque book. Will six months bank statement be enough for for starting mcx.
Ramadevi, 6-month bank statement with Name, A/c Number, IFSC and MICR code will suffice as Bank and Income proof.
You can go ahead and complete your application here
Faisal sir, thank you for your quick reply.
Hi, I had opened new account with Zerodha thru online mode by uploading all required KYC documents & signature. Please confirm how these documents are completely safe and cant be misused by anybody. Thank you.
Hi
I paid INR 300 for opening account with Zerodha,however the registration process could not be completed as my Aadhar was not linked to my Account.Now when I login,the option to pay fees is displayed again.Is the fees I already forfeited ?
I want to open account in zerodha with my father’s bank account, is this possible
and im unemployed
during signup on Zerodha, is there two procedure for demat account and trading account
help me to open account
Hello There!!
I would like to open an account here but I’m very new to this and taking baby steps.
Will you please guide me?
Appreciate your guidance in advance.
how to know whether my existing demat account is Basic Service a/c or conventional demat a/c?
All demat accounts that are eligible to be BSDA are BSDA. If your account breaches the limits for BSDA, it is automatically converted to a normal account.
for income proof i tried to upload bank statement in pdf format , but it says ivalid document format !!!
which doc format should i try???
I am not having aadhar card. Is it possible to open the demat account without Aadhar?
Hi,
What are the charges for opening an account of a proprietorship firm. Amc and other charges aswell. If the bank account is new which will be used for transfer of funds but the firm is old and has other bank’s account. The address proof and Id proof will be provided seperately. Which bank account statement do you need.
How much amount need to be paid in advance via cheque?
There’s no initial cheque required to open a Zerodha account Avinash. Only the account opening fee need be paid.
I am a student.
I want to trade in fno through zerodha.
Its been 2 months since i opened my bank account.
I havent filled income tax.
What can i now attach as income proof to trade fno with zerodha?
Thanks.
You can purchase a couple of shares and ask us for the demat account statement. This can be used as a proof of income.
I accidentally made payment of Rs. 300 for opening account(equity and currency), but later i could not give the aadhar details as it is still not issued in my state(ASSAM). i have bank document and address and id proof but not aadhar.
Sir. I want to know that I want to do trading in f and o options trading. I am a student and doing part time teaching job at home. So is there any physical income proof required to open an account in zerodha. I have all the documents like pan card Aadhar etc.. except income proof. I don’t file itr. I don’t have form 16
Is there possiblity to open an account in zerodha. Plz open I want to do trading in options.
i want to do intraday trading on equities,as of now i don have any income proof ,can i still open account on zerodha?
Yes you can. Income proof is only required for trading in F&O.
Hello,
Would like to open an account of my friend. However, got struck with a query.
Wish to understand, Is signature required on a cancel cheque ? and if cheque is not available can i submit bank pass book original without signature.
I want to trade in FNO but I’m unemployed since last 6 months.
So what I have to submit as a income proof. I haven’t filed any IT return till now. What to do next?
If i don’t have cheque, then can i use Bank statement.
Hello sir,
I want to trade in commodities as well . Please let me know what process shall I follow and what charges will I have to pay?
I will be thankful.
Hey Rahul, this is explained here.
I want to open a Demat Account
Where i can check the address that i have used while opening the account
for account opening i dont have account number. my brother have account. can i use his account detail?
I completed my zerodha sign up process but after that i got mail regarding bank statement
The following corrections have to be made in your forms before we can get you to start trading:
Bank Statement/Passbook
Bank name & logo missing on given bank statement. What to do please help me
Hello…
Can I open a trading Ac. in a minors name?
What are the Ac. opening charges and annual charges ?
I have get my Clint I’d but also got an email from zerodha team that your bank statement not show micr code. Now I tell you have 3 bank accounts and non of them no micr code I have physically check all of the branches.Now what can I do for micr code for completing my account in zerodha.plz reply immediately. Thank you.
If you have a cheque, you can submit that. All cheques carry the MICR code.
Can i link Oriental Bank Of Commerce with trading/deemat account to transfer fund
customer care asking for vpin wher is this ??
My Document rejected two times because of sign not available on POA form kindly provide sample copy of POA form where i have to sign. Customer Care not Respond Properly
Sir,
I have my demat account. I want to open my trading account only. So what is the AMC for trading account?
Hey Priyanka, we don’t charge any AMC for the trading account.
Sir,
I have my demat acvount. I have to open my trading account only. So what is the AMC for trading account?
I gave 300rs cheque for account opening. I have a enough balance in bank but somehow cheque was return. I want to know whats the reason for dishonor the cheque. I contact the support zerodha but no reply from support.
This is something you had best check with your bank, Bhavik.
My bank said that, Payee means you zerodha told me the exact reason for dishonour of cheque.
Now what can i do? How i pay you for account opening fee?
You can easily pay online here: https://zerodha.com/pay
I will pay online.
Thank you
I am an NRI. AM I eligible for opening a share trading account with you?
If yes what is the procedure and charges? Do you also offer consultancy?
Regards
Hi,
I opened my account 2 weeks ago and gave my aadhar card as one of documents.
Currently I am staying/working in Pune and as my aadhar card have permanent address( Himachal Pradesh) the same is stored for my zerodha account. Because of this my stamp duty charges are 50rs/day(statewise charges).
Is it possible and how to change my zerodha account address to my current/temporary address which is Pune so that Maharastra stamp duty charges are applicable for me?
Hello,
Is there any minimum balance required to maintain in Zerodha account? Or what do i need to provide Zerodha when opening an account. e.g. 1000,5000,10000
i had opened an demat and trading account yesterday by paying 300 rupees. i also had uploaded my bank statement and signature and verified through the aadhar in online. today i got a mail from ZERODHA team stating that my bank statement was not clear. it needs to be reuploaded again in order to trade in zerodha. Now how can i re-upload my bank statement documents ?
Just go to signup.zerodha.com, login with your registered email and upload again.
maine kal account open karne keliye login kiya aur 300 rs pay kiye., ab muje aadhar card me address aur mobile no change karwana hai, documents collect karne keliye zarodha se koi 4-1-18 ko aane wala hai… magar ab me aadhar me ad change karne ke baad doc submit karna chahta hun to ab kya karu?
i want you to collect my document give contact no of person who collects document
Best write to [email protected].
I am a student with a joint bank account with my mother.I want to trade in F&O.Will 6 months bank account statement be enough as my income proof?
By the way,its an Indian Bank account, is it possible to open account with this?
Should work fine Aditya.
Dear Nithin,
Its good to see CEO of the company replying to all our common queries .Its good to see Bangalore based company is giving such a good support in trading.
I wish to open an account with Zerodha, but have few initial queries:-
1. How zero brokerages in Equity delivery segment works for Zerodha ? when majority of brokers plays with brokerage charges.
2. What one should pay(Account Opening Charges) if i opt for BSDA account and formed printed and filled by us. Details of trading and Demat account opening charges.
3. If KYC non compliant, any KYC charges levied by Zerodha for completing KYC formalities ?
4. Does Zerodha has own DP ? or II &FL.
5. Demat AMC its says Rs 300 per year. In some Rs 400 per year and if BSDC crosses 2 lakhs its says Rs 600 per year in such year.what is the current scenario and charges? i dont need to pay Demat AMC on opening account if i opt for BSDA right.
6. What is DP charges for delivery based equity selling per share at present?
i find 8rs / 13 rs
7. Are there any Charges for Failed Transaction.
What are such transactions ??
8. Does Income proof bank statement 6 months is compulsory for equity segment trading also ? Does Income proof bank details is added to map in new trading account?
or
Can i give my new Saving bank account with cheque for mapping trading account apart from my other Saving Bank Account for Income proof ?
9. I am interested only in equity trading as investor. If i change to derative trading any change in request is needed.
or i can trade both by default except commodities?
10. Does self attestation is enough for KYC or Notary attestation is required as mentioned in your Signature guidelines. Whether inperson verfication compulsory or just we can forward suporting documents or do it Online by signup ?
11. Last question and most common one for formalities !! Any other hidden charges apart from mentioned in website? and any offers for fresher who open first time T &D account in Zerodha 🙂
This questions might answers to all commoners who wants to open T&D account. I feel all queries can be complied and published as FAQ.
Hope my answers get reverted at the earliest.
Thanks in advance.
Regards
Keshavamurthy SR
Hi Nithin,
I was expecting prompt response.
Hope you dint missed my long questionnaire!
1) A majority of our client trade in F&O plus being an online broker our operational overheads are less and hence we can afford to offer 0 brokerage.
2) Rs.300 for equity and Rs.200 for a commodity account.
3) No charges, we’ll do the KYC.
4) We are a DP with CDSL.
5) Check this post.
6) It’s 13.5+taxes.
7) No charges.
8) Income proof is required only for F&O.
9) You can opt for all segments and start trading whenever you choose to.
10) No offers, one deal for all our clients. 🙂
sir ,
i am a student i didn’t have any income proof can i open my tradingaccount
Yes you can Rahul. Income proof is only required for F&O trading.
I want to invest in mutual funds for my son who is a minor. How can I do that here. I want to create an account for him and not invest out of my account for him.
I’m afraid we don’t offer demat accounts for minors yet. Will keep you posted once we start.
Hi,
I would like to open a trading and demat account in my mother or sister’s name and link it with my own bank account. Is it possible to do so on Zerodha?
My mother and sister have valid pancard and aadhar card with them. I notice that for opening and account I need to furnish following details: PAN, Address proof, cancelled cheque, photos. So can I open the above mentioned account by furnishing my mother or sister’s pancard, address proof, photo along with cancelled cheque of my own bank account?
Kindly let me know the details. Thanks !
That wouldn’t be possible. It has to be the account holder’s bank account as per regulations.
Thanks for the prompt reply !
Hi,
I have opened an account with Zerodha. Is there a minimum amount of fund that I need to include for my account to get activated?
Nothing as such Divya. You can transfer whatever amount you are comfortable with whenever you’re comfortable doing it.
Please help me with the following queries.
1) I already have a TD account with zerodha but did not get fno and currency segment activated. As per comments on zconnect i need to send segment addition page and 6 month bank statement to get this activated right?
2) Will a print of downloaded 6 month bank statement from bank’s online portal will be okay or does it need to be signed and stamped by the bank?
3) I would also like to open a commodity account. Can the same be done online using e-sign as i am kyc and ipv verified. If so, please inform me the procedure regarding the same?
4) If not possible online, please inform me the offline procedure and documents required? and ipv will be needed to be done again?
5) Also, please inform the time it takes for segment addition and opening commodity account?
please reply!!!
A bank statement will do as long as it has the bank logo. Self-attest the document though. You can go to signup.zerodha.com and open a commodity account. When you’re done with the process, you’ll receive an ECN declaration. Courier it along with your segment addition form (since you’re anyway sending the courier) to activate commodity trading. The commodity account isn’t activated until you send a physical ECN declaration.
i signed up for opening an account yesterday but there is some correction needed on my part regarding invalid document that i uploaded. I need to upload 6 month bank statement how can i do so.
second thing, is P.O.A compulsory for demat and if yes then what is the address on which i have to send those documents. Is there any online process for this or courier is only option.
You can log in at signup.zerodha.com and upload the required proof. I’m afraid PoA has to be couriered. You won’t be able to sell shares you purchase for delivery until you send this. Check out zerodha.com/contact for our head office address to send the courier.
I want to open account , but i paid 500/- for account opening now i decided to have only trading account.is it possible to have equity only ? @nithin
Can you write to support[at]zerodha.com with your registered contact details? Your sales manager should be able to help you with this.
I am new to the trading thing. I want to open trading & demat account with Zerodha. But I want all the transactions to be taken placed in separate saving account. So I opened an online saving account in Kotak811 recently. I dont have chequebook or past six months’ statement for proof. I can give my salary slip as my income proof. If neccessary, i can give statements of my salary account also. Is there any scope, i could get my account opened with you with Kotak Saving account??
Or is there any scope that, i could change my bank details after opening my account? If yes, then what will the procedure??
Hi,
My mother holds some share certificates and now she wants to sell those share.
Please advise how to proceed? I am a Zerodha customer. Can those shares be transferred to my demat account?
Hey Vaishnavi, it’ll be easier to open a demat account in your mother’s name and dematerialise them to that account. Check out this post on Trading Q&A.
I am very new to Zerodha who just completed my online account filling process at Zerodha. I need to send the pre filled forms now to the Bangalore office. Can you please give me an A to Z elaborate list regarding proper filling of the downloaded forms ( as in what documents are required and how many copies, who needs to attest, if self attesting everything would do). I downloaded both the forms, equity as well as commodity. How do I proceed after that?
Hey Kaustav. I hope your sales manager called you up and helped you out with this?
Hy,
I have opened my account in Zerodha, and I have to send my POA and CNC documents to Bangalore. I got the POA document but I can’t find out THE OTHER ONE. So will u please help me me to finish the final step. Thank you.
sir , kya demat account ke liye cheque jaroori h ya without cheque bhi account open ho sakta h
aur bank account mai kitna minimum balance hona jaroori h pls reply
I had made the online payment of the commodity account opening charges. On 07.11.2017, an executive from Noida Sales office came to collect the form and documents. I was also told to only sign and leave the form blank. Now on 14.11.2017 I am coming to know that email id entered by them is wrong. It has been one week and account still not opened.
Mobile Number – 8586981172
Vinod, will have someone from our team get in touch with you.
Hi, I had submitted documents for account opening on 31st Oct 17, one document was required by your team which was sent on the same day i.e., in 1st November and I got a mail on 2nd Nov stating that your verification is clear and account will get activated within a day. After that there is no update on the account till 11th November. Your executive Chennakeshav had told that my account is activated on 6th itself and told to check the mail and spam mail so that ID will be sent (conversation was on 8th Nov) after that I called on 9th again now he was telling that some Franking issue it is getting delayed. If you people have Franking issue give the form to me I will get it done within half an hour. Franking is necessary for POA to DP right meanwhile you can open trading and commodity and send me the login credentials. I have been creating tickets in support and even sent mail to Nithin also but there is no response.
So, there is no point in following it with you since we have so many options in the market I have decided to move to other broker. Please refund my account opening fees of ₹500, since I had taken the printout of application return it to me at least the xerox copies. I am ready to pay for xerox fees.
Since you have lost the trust how can park my money with you without any support or response from you people. I understand that it will not matter for you guys if one account gets canceled where you will get lakhs of accounts.
Please refund my money asap.
For new account I have sent all documents including bank passbook statement , cancelled cheque and 6 month bank statement.
On cancelled cheque IFSC AND MICR is given but MICR is not available on passbook statement . Bank manager is
saying that we provide MICR only on cheque book not on passbook . For this reason zerodha sales manager (Venkata Sai Kumar mob-9538912020) is not opening my account . supportzerodha via sales manager giving same excuse.
Kindly check it as my family members have account with zerodha with same bank but there is no issue in opening their accounts.
Hi. If the cheque has the MICR and IFSC, there should be no issue in opening the account. Please email your contact details to social[at]zerodha.com and we’ll take action.
Hi,
I already have a trading account with Zerodha, Now I want a Demat account as well with Zerodha,
Please tell me the procedure and fees involved,
Also let me know the documents I need to provide.
Is this process can be achieved online ???
Best regards
Junaid
Junaid, you cannot open just a demat account online. You can download the demat application form under the profile section of Q. The demat account opening charge will be Rs 100 and no documents are required.
Hi,
I Already have trading account. But did not trade for past 1.5 years. Today when I placed the order it said Client is not registered for any exchange. Raised ticket with Zerodha Support. They are asking to resend the Demat opening forms and after they receive those forms they will take 24-48 hours. I am sure my account was opened and active till 2015 Dec. Then why asking again.
My ID is DS4105 and DP ID is 12081600.
Nithin, Need your urgent attention.
Shounak, we’ll have our team check this and get in touch with you.
It has been more than 15 days since I have applied for my new account. documents are all send to ur office. Till now I have got no response from your team. The person I contacted megha jyothi kept on saying it is in processing since last 10 days . Can you guys please look into it and tell me when ur going to opened my account.
Sanjiv, you will receive your login details tonight. 🙂
Hi,
I have uploaded my bank statement for the verification of my account number, IFSC and MICR codes. But the statement is password protected as received from my bank (Password is my 12 digit account number). There is no way I can mention the password details while uploading the document at your website.
Kindly let me know how I can provide these details to your team who would be reviewing the documents. Also, I assume that they would contact me to get the password details and would not directly reject the application.
Regards,
Pravin
Pravin, our team will get in touch with you.
I have submitted a kyc for account opening and the bank statement which I have uploaded is password protected ,so please if u need password contact me and don’t reject my application .
Regards
Ankush
hello sir
i linked icici bank account for my tradind account. it is new account. i havn’t 6 month statement for income proof. but i have another corporation bank account. i have 2 year statement in corporation bank.can i submit that account for income proof
Yes, you can. You can send it to [email protected].
Sir, Recently i had opened a demat account in Zerodha, but i want to convert my account into BSDA.
while opening an account i mistakenly put a tick mark on conventional demat ccount instead of BSDA.
sir guide me how to convert my account into BSDA. is there any charge for converting?
Is there any difference in brokerage charge between BSDA and regular demat account?
Souvik, check this post.
Hello Team,
I already have an account with zerodha and now i am looking forward to start trading in F&O too. Do i need to send my salary slip proof in physical form or can be emailed?
Apoorva, you can email the latest salary slip to [email protected] and F&O will be enabled in one working day.
ok. just the latest salary slip or last 3 months? Thank you in advance.
Apoorva, latest month’s salary slip will do.
Today i have got a mail saying that IPV is not done properly so how can i do re ipv
Hey Jai Prakash, you can redo you IPV here. Make sure that the images captured clear.
Hey Jai Prakash, you can redo you IPV here. Make sure that the images captured are clear.
Re IPV is done…..now how much time it will take to activate my account
Assuming everything is in order, you should receive your login details in the next couple of days. You can contact our support desk for more.
Hi Nithin/Zerodha Team,
Thank you for doing an outstanding work. Just a small query:-
1) While opening an account, I saw a Sell(Debit) Charges as Rs 8+ 5.5(CDSL Charges) for Market Trades.
2) While opening/converting it into BSDA Account, I got a new Sheet stating the Transaction Charges for Sell(Debit) as Rs 25+5.5(CDSL Charges).
Why this discrepancy? So, that means small investors cannot benefit from BSDA account? Waiting for your reply.
Thanks
Hi Amit,
The DP charges for the BSDA account will also be charged the same as regular clients.
Will have this checked and changed on the BSDA account sheet.
Thanks Team ?
Hello Nithin,
Could you help me with the procedure to apply for IPO in zerodha account( DS5917).
You can’t do it within Zerodha as we are a bank. But check this https://tradingqna.com/t/how-to-apply-for-ipo-using-hdfc-bank/13240
Hi Nithin
Can the POA document be picked up? Are there any charges for that?
Regards
Prateek
Prateek, I’m afraid not. You will have to courier it to us.
hello,
i just had opened demat account online and scheduled an pickup for documents proof i have just one query regarding 6 months account statement as i have linked my account with zerodhar which is an new account .so can i share my another savings accounts statement which is old one.
Yes, you can share another banks 6 month statement.
Hi Nithin, I will try to visit your chennai branch. If not possible, if I fill up address change form, print and post it to your Bangalore HQ along with Original LL Tel Bill along with probably Pan copy. Will that be ok to change my address ?
Yes that will work.
Oh! That’s a welcome reply.
I have submitted all details online with 300 rs charges and I downloaded PI and nominee for myself and couriered to Banglore office by paying 100/ then it became 400rs charges for me.
please explain it how it is.
Ah if you couriered, there was no need of additional 100. You can send an email to [email protected], we will refund this to your trading ledger after account opening.
Hi Nithin,
Same here with me… I have paid Rs.300 while opening the account, and had to spend an additional Rs.150 to courier the POA and nomination to your office. I am sending an email as suggested by you for reimbursement of the courier charges.
Thanks,
Siji
As above mentioned list of bank…
Some banks are not listed there example Canara bank etc..
So how can these bank transfer funds to zerodha account..
You can do this by NEFT/RTGS/IMPS. Check this: https://zerodha.com/fund-transfer
HELLO, I FILLED THE FORM LAST NIGHT AND SELECTED DOORSTEP PICK UP I HVE MY BANK STATEMENT AND ALL OTHER DOCS. BT , I WANT OPEN ONLY COMMODITY ACCOUNT WITH MARGINE BASE, SO
DO I NEED TO PRINT EQUITY FORM ALSO,?
AND HOW TO CHANGE PICK UP DATE IF MAY NOT BE AVAILAIBLE ON THAT DATE?
To trade commodity, equity form not required.
Hi Nithin, I want to change my correspondence/permanent address. I will produce LL Tel Bill. No other change in my account. Do I need to submit photo also ? For DP address change I can visit Chennai office and change there. Can you send me change of address form ? Is there any IPV needed ?
Change of address form is here: https://zerodha.com/resources. You can visit the Chennai office with your original landline and a copy. Submit the forms there.
For address proof:
Recently I changed my house .My all documents like voter id ,pan card have old address .
I have recent phone bill having latest address but it is registered on my fathers name. can I use it as address proof ?
I can give my ration card copy to prove family relationship .
Will it be considered as my address proof ?
No fathers name can’t be used for yours. You can give old address, nothing gets couriered to that. Once you have new, u can update.
Yesterday I opened account using Aadhar card.
Now which documents do I need to courier for demat + trading account ?
Is it necessary to send that account opening form (of 20 pages) ? or just need to send POA & eca form ?
& when will I get the Credentials for login & Software to use ?
Just the POA and ECN form.
Hi I am actually a bit confused please help.
I am a student,having a new bank account month old at PNB ,yet to receive my debit card to do net banking hopefully this or next week I will get it ,as per the bank.I have check book and pass book,other than that have PAN,AADHAR,Voter ID( spelling mistake in name on Voter ID so cant use i guess).
I would have proceeded to open the account using AADHAR but just know I understood about KYC.So I can’t
Q1) If I open my trading + demat at zerodha using standard method, do my KYC will be done by you people as I understand as per SEBI we need KYC to deal with securities.Or I do it separately?
The equity form have a KYC part,but in instructions its written
” If your PAN is not verified or rejected, you should either send us an original/notarized* address proof”
Cant I use a self attested photocopy of PAN ?
Q2) Now for the account using standard registration ,the documents needed is self attested photocopy of PAN (got it) and for address proof can I give a self attested photocopy of AADHAR card I just don’t want to go for the gazetted dude sounds complicated,or what other options do I have? Bills are not in my name.Though I have my bank pass book do the photo copy of the first page where address is mentioned will be enough?
Q3) What checks I have to issue for demat + trading account,and what amount ?
Thank you
1. yes self attested works.
2. yeah front page and one page with latest transactions.
3. Rs 300 if you are printing and sending the forms.
Thank you so much for such a fast reply
Sir, can we access Demat and Trading account with one login at zerodha? How i can access the zerodha Demat account? I am very confuse between Demat and trading account in zerodha.I have paid 300 rs one cheque for account opening at zerodha. Can i get both trading and demat account with 300 rs? How i know that which is trading and which is demat account?
Yes you would have gotten both trading and demat account. Yes it is one login for both. Visit kite.zerodha.com, you can login and see all your demat stocks by clicking on holdings. Check this video playlist.
I don’t know anything about share market,new to this .. I am interested in opening an account for trading purposes.. Is it compulsary to have/open demat account? If yes ,can I open demat account later (with zerodha)?
kindly reply
Rajesh, suggest you to start reading here: https://zerodha.com/varsity/
I want to open an account dmat + trading.. want to know can i add DBS Digibank saving account as a primary account for fund transfer? Because they claimed them self.. digital bank with no paper work.. what proofs i have to submit to use that account as primary or secondary…?
Digibank account without full KYC can’t be accepted yet.
Sir, Thanks for the reply..
I am talking about ADHAAR enabled biometric verified digibank account..
1- Is it not a fully KYC bank account?
2- If not then what are the things I needed to full KYC..
Thanks again..
Yeah, that account will do.
Thanks sir,
I was asking.. Bcoz they don’t provide cheque book.. & no physical pass book.. so to link digibank account with trading account.. what informations are needed….?
Thanks again..
You will need to still get a proof of the bank account from them. Maybe send them a request to give a bank statement with IFSC and your account number on it.
Thanks a lot..
Is there zerodha payment gateway for DBS Bank? It is the best bank around.
Hi,
I am a student, want to get an insight of how things work here. I am opening a demat account, what are the charges applicable other than the Rs. 300/- debited during the opening of account? Is there any minimum number of transactions that I have to make in a year/ is there a minimum balance which I need to maintain?
Hi,
If I proceed with this link:
https://zerodha.com/open-account
and pay Rs.300 online and courier docs like pan and aadhar, what type of account will it open with Zerodha? Will it be a demat? or trading? or a 2 in 1 demat + trading?
Trading and demat, 2 in 1.
Thank you for such a prompt response!
Hello,
I have opened an online account with Zerodha yesterday evening using Aadhar. I am yet to get the login credentials. Please let me know when will I get the same in my registered e-mail Id.
Anand, you should get it by tomorrow evening.
Nithin, I am yet to receive the login credentials. I have also opened a ticket in Zerodha Support Centre.
can I use my bank statement instead of the canceled cheque?
can I use the same bank statement for income proof?
Yes, bank statement with IFSC code on it. Yes 6 months statement can be used as income proof.
cancelled cheque is compulsary ? can i submit any other document for account confirmation ?
Bank statement with IFSC code on it.
self attestation is valid or i must do it from Gazetted officer or a Notary Public ?
can i provide banks pass book copy having stamp , ifsc ,account no and photograph on it as a account proof ?
Yes, originals preferred.
Self attestation is enough.
My user id is – RH1861.
I had courier the application along with personalized cancelled cheque to change primary bank account details.The forms have reached you as i got confirmation email from support@zerodha. Its been over a week now but my bank acc. details still not have been updated. Kindly check and do the needful.
Hello Zerodha staff,
I registered for Zerodha account at the website on 23/8/17, made the payment of Rs 500 towards account opening charges, and scheduled a document pick up for 3PM today(25/8/17). Called up Zerodha support yesterday to re-confirm the document pick up schedule. The support executive enquired if someone had called me regarding the pick up. When I said I didn’t receive any calls he informed me that someone will be calling me today and picking up my documents at 3PM. Neither did I receive any call today from Zerodha nor was the documents picked up. Tried calling Zerodha support 3 times during the day and waited for 20-30 minutes each time but couldn’t speak to the executive as the line was busy. I also tried to contact Zerodha Kochi support office later in the evening over phone but couldn’t connect as the number was ‘temporarily out of service’. I had great excitement while opening this account but the account opening experience itself has been disappointing so far. Not sure whom to contact to get my documents picked up.
Regards
Rohith Mohan
I want to open the trading & Demat account.
-Started filling the detail for online opening the account (4 days back)
-Erroneously some wrong detail was entered.
– there is no option to correct that.
– Data was reset from your back end but option was not coming to correct the Aadhar no.
– I was told that your representative will come and will do the formality for opening the account. due to some technical issue for resting the complete data
-No one came for that. When I contacted your branch office I was told that field team will contact me but no one called back.
– Your system does not allow to create another user ID by using either of the mail ID or Mobile no.
Due to all the above issues I am unable to open my account.
As complete data is not reset from the system so alternately can my user ID be deleted from the system so that I can fill the details by creating ID again(with same credentials) to complete the accounting formalities.
Also pls confirm that will the cancelled cheque be suffice (as it will fulfil your requirement of verifying the IFSC code & account no.) instead of bank account statement.
Regards
Rajender
Hi Rajender,
Sorry for the trouble, I’ll get Shashank, your sales manager to give you a call and help you out with the account opening. Alternatively, you can reach him on 9540872020.
For opening a new account,
1. Do I need to send a copy of Demat PoA?
2. Do I need to provide my client id on it?
3. Do I need witness signatures?
4. Do I need to send it by courier or can I email a scanned copy?
1. Yes.
2. No, we’ll fill it after it’s generated.
3. Yes, you can get 1 witness signature.
4. Hardcopy through courier.
Hi Nithin,
I already have a trading account with Zerodha (CDS, NFO segments enabled), and want to enable Commodities too. I have downloaded and printed the pre-filled Commodity trading form available on my profile page in Q. I have the following questions :
1. Do I need to attach a passport size photograph in page 3, or just need to sign the various sections ?
2. Do I have to pay any additional fee for enabling the Commodity trading facility ? If yes, what is the amount ?
3. I am guessing the completed document should be couriered to “153/154, 4th Cross, 4th Phase, JP Nagar, Dollars Colony, Opp. Clarence School, Bangalore – 560078” ?
rgds,
Sandip
1. You can attach a photograph and sign the form.
2. Additional fee will be Rs. 200
3. Yes.
Hi, recently i opened a BSDA account with IIFL, now i don’t want to continue with IIFL. is it possible to transfer from IIFL to ZERODHA as a same BSDA account, if yes, what is process to transfer. otherwise what i have to do to open ZERODHA.
Thanking you in advance.
You can’t move the same account, you will have to open a new account with us.
i want to change my bank account details. if i email scanned copy of personalised cancelled cheque, then would this be enough or i have to courier the cheque?
Hello Nithin,
If I am a Demat account holder, Can I do trading on equities and commodities also using the same account ?
You’ll have to open a commodity account to trade commodities apart from the trading & demat account. You’d not require a demat account to trade commodities.
You’ll get the same client ID to trade in equities as well as commodities. Check here for more.
A demat account is used to hold equity shares. You don’t need a demat for trading commodities at Zerodha.
Hi,
I have a trading account with you and want to open Demat now.
I’ve already downloaded 8 pages prefilled formed from my Q backoffice.
Now —
1) What additional documents I have to enclosed with this form?
2) Which document I have to enclosed as “Proof of Identity” for nominee? Is PAN / Bank Statement of nominee sufficient?
3) Any Opening Fee etc. — How to Pay?
If you already have a trading account with us, no additional document or fees. Just sign and courier us.
Hello ,
I have a trading account with Zerodha, now I have to open Demat account, I have downloaded the Demat prefilled form and Customer care executive asked to me to sign and courier the same to office with some closure letter , I over heard the name on that document .
Could some one help me with the document name and where it is available.
IL&FS closure letter is required if you had opened a demat account with them when you started with us more than 3 years back. Otherwise, no closure letter.
Hi Nitin,
I have been a zerodha customer for the past one year.
Recently i wanted to open an account for my mother. I did the latest AADHAR option on the site
1. eSigned the KYC (via aadhar option ) and got the acknowledgement doc
2. Uploaded all documents ( signature, bank, PAN card )
3. The representative has also collected the signed documents.
However i got a mail that the date of birth doesn’t match.
To verify i went to the Income Tax site and verified the PAN Number against the date of birth and it matches.
Isn’t AADHAR and PAN verification valid source of authentication data?
It has been almost 2 weeks that this is going back and forth.
Kindly intervene and also apprise the people concerned about the problems faced by customer because as per the site it is
“Open your account instantly with AADHAAR”
You have a wonderful platform. do let these things make the customer go away
thanks
raghu
Thanks Raghu for pointing, having this checked.
Hey! I want to know if i can start currency trading with Zerodha! Can i start with a small amount like for example Rs.5,000 to Rs.10,000??? I am a student currently with an interest in currency fluctuation. My main purpose is to learn how things work out in currencies(forex).
But being a student i currently have no income except what my parents give me!! So can i produce my icici bank statement of 6 months as an income proof even if it only has transactions or balance ranging from a few hundred to say Rs. 15,000 to 25,000 currently! Also on a side note, if i’m allowed to trade with a smaller amount on starting and that i am able convert a profit. So, can i withdraw my payments or will there be hiccups on Zerodha’s part!!!
Another question!!! Do you allow Custom Demo Trading? I mean if i don’t want to start demo trading with a huge amount but want to start like i would start a Real account trading. Can i do so?
Thanks!!!
Mujeeb K
Mujeeb, 6 months bank statement works as long as there is some income on it (interest etc). Yes you can trade currencies that trade on Indian exchanges. Suggest you to go through: https://zerodha.com/varsity/
Hi,
I have just opened an account (trading only). I registered using Aadhaar esign.
Uploaded a days statement for ifsc and micr code.
Now at the end of all this, it is asking me to courier the DEMAT POA and Nomination forms.
1) Where is the address that I’ve to courier these forms?
2) Do i need the 2 witness name + signatures on the both the forms or are they optional?
1. Our HQ, address here: https://zerodha.com/contact
2. Optional
Hi there,
Is there Annual maintenance charges from you?
Rs 300/year for demat. Nothing for trading and commodity.
hi sir iam working in dubai and recently i opened nri account in icici bank and i want to do online trading so can you please explain me the proceger how to open account and how much money need to deposit to trade please tell me sir thank you
Check this post.
Hi,
I have submitted details online and requested for door pick up of documents.
i have paid 300 online for equity trading, do i need pay any more amount?.
I am serving in Army, I have copy of Form 16, latest payslip, Aadhaar copy, IT Return copy, but not cheque, copy of passbook updated will be sufficient?
I gave details of my and my wife’s joint account, is there any problem? Pls guide me sir, my door pick up schedule is 31 Jul at 0900hrs.
Thanks and regards,
E Ramesh, Karur (TN)
If your copy of passbook has IFSC code, that is enough.
Thanks sir for your prompt reply,
Hi,
I have submitted details online and requested for door pick up of documents.
i have paid 300 online for equity trading, do i need pay any more amount for trading account.
And how much time it will required to open account? can i use same account for demat?
do i need to open demat account open separately.
please suggest,
regards,
Uday
No need to pay anymore. From the time it reaches our office, around 2 days. You would be opening trading and demat together.
Hi , my bank give me simple print of statement without any stamp or signature Or logo. What is the alternative?
Hmm.. you can ask them to stamp that. It is a normal practice.
What are the doc’s required for demat for minor.
Got this msg on social media..
Zerodha requested big broking house for funding, they shorted BNF big time. Plz confirm from Ur sources also. Zeroda prop is closed for further trading but old BNF shorts are still there.
There was a news in ET recently where Sebi/exchanges issue a notice saying from 1st of June or July brokers cannot use clients money to fund other clients.Plz chk dates. But they have duly signed POA of every Account holder to use their stocks and money fraudulently. So guys be careful while choosing your brokers specially if they have prop desk.
Pls avoid such brokers to be on safer side
Is this true? What is prop desk?
I had answered this earlier
This is a joke. These kinda things keep getting put out there by competitors.
July 1st the new SEBI surveillance things come into play, this helps us more than anyone else. Most of the traditional brokers will get hurt (people who have been offering margin funding and all). We are super excited by the opportunity that will open up in July.
I want to have a trading+demat a/c.Which form i have to fill up.
I received 2 attachment (zerodha comodity & zerodha trading+demat) .
Or the “open an account” option in zerodha’s official website.
Thank you
If you have an AADHAR and KYC compliant, online open an account is the best. You can open an account instantly. If not, you can sign and send the Zerodha trading+demat.
i am student 19 years old i don”t have any income proof and also my bank a/c new i mean 10 days old what should i provide for income proof i don”t have 6 months bank traction
Hmm.. some kind of income proof is necessary. Otherwise you can’t trade F&O.
I’ve just opened the Equity Trading and Demat account with you. Suppose If I don’t purchase any delivery based share throughout the year, will I still be charge for Rs 300 AMC at the end of financial year??
No, account will automatically become BSDA and there won’t be any AMC charge.
What If I already have a BSDA Demat account with other broker?
Only one BSDA allowed.
Nithin,
I know only one BSDA account allowed. But that was not mine question. Mine question is:
I already have a BSDA Demat account with another broker. Now I had open a Trading + Demat account with Zerodha as well. For Zerodha Demat Account AMC is Rs 300/- as mentioned on your website, but suppose If I won’t purchase any delivery based share throughout the year, then Zerodha still charge me Rs 300/- AMC or NOT?
Yes, AMC @ Rs.300+GST will be charged on the demat account.
Hi,
I want to open a trading account in Zerodha and link my ICICI SB account and ICICI Demat account. Let me know the process. Also mandatorily do I need to open the Demat account with Zerodha?
https://zerodha.com/open-account go through this – it will take your through the whole low. Demat is required if you want to buy and sell stocks with us. IF you link ICICI demat, you will be able to only buy and not sell.
So Trading & Demat account will be from Zerodha and I need to link my savings bank account to it, right?
Yes.
Hello,
How can i remove my existing ICICI Bank account from Zerodha trading as well as my Demat account and add HDFC bank account?
Thanks & Regards,
Pralhad
Since you are changing your primary, you will need to send us a written request along with a cancelled cheque of your HDFC account.
Sir,
Started a partnership firm having main objective of investment & trading in shares recently…so i have a bank account opened recently … We want to trade in futures & options as well as do investment in shares…So what all the documents u need …
PARTNESHIP DEED is available with us
PAN CARD is available with us
BANK STATEMENTS opened last month so 1 month statement avail;able with us.
IS IT ENOUGH TO OPEN AC FOR TRADING IN ZERODHA AS WELL AS FOR INVESTMENT IN SHARES
Check this post, explains for partnerships.
Thanks for the prompt reply Nitin,
My question for Proof of income only option available with us is Networth of CA.
Firm has started this month only … then on which date networth should be given .If it is current date say today then partner capital & bank balance would be there … would it be sufficient …
if no, what option available .
Yes networth certificate is fine of today.
Dear Nitin,
I have changed my signature as it was in my PAN card. will it be an issue?
Yes. You will have to give any other document where the signature can be matched.
I don’t have cheque book right now…..can I do account opening with bank account statement….??
Yes, needs to have IFSC/MICR on the statement.
Hi,
I don’t have a Demat & account, So I want to know is that “Do you open Demat & Trading Account both at the same time with Rs 300 accounting opening charges or is there separate charges for both and also time required to open both account.
We open both at same time.
Hi,
I have some doubts regarding starting an account with you guys. I am new to stock market and wish learn about it a bit more. When i started to register myself some confusion arise. Zerodha says that my PAN card is not KYC verified. I got my pan card just some weeks ago. How should i do KYC verification of PAN card? Is linking PAN with my bank account enough to be KYC compliant?
Also i haven’t asked my bank to issue me a cheque book. Is a cancelled cheque necessary. Since i dont have a cheque book currently, can zerodha take its cut/fee through debit card.
KYC verification would happen when you open your first trading and demat account. You can give a bank statement with IFSC code mentioned on it as proof.
Hi ,
I am investing for first time and my KYC is not done. Please tell if KYC process will also be carried by you or if i should get it done by third party?
It will be done by us.
passport
Hi,
I have filled up the online form. Now I will take a print out of it.
If I send the following documents is it sufficient ?
POI – Photocopy of PAN (self – attested )
POA – Photocopy of Voter ID (self – attested)
Photocopy of last year ITR acknowledgement (self – attested )
Cancelled cheque
Nomination – Photocopy of my wife’s Voter ID/Aadhar (self – attested by my wife)
Or
Some from Zerodha needs to come to my place and verify the documents and collect the form along with the documents ?? Please let me know.
If you are already KRA verified, you can courier. Otherwise someone from our team will come meet you up. You can email [email protected] with your contact
HI,
I have certain queries regarding Trading and demat account opening.
1. Do you have any office of Zerodha in Kolkata where I can directly go, take help regarding the form fill up and submit the form as well as the payment cheque and get the documents verified.
2. Is there any facility to pick up the account opening related docs from my home?
3, If I need to send the form to your Bangalore office, in that case I need to send the form by courier or speed post?
4. For the Address proof of the nominee is the self attested aadhaar card of the nominee sufficient?
1. Yes we have a few offices in Kolkata, check this: https://zerodha.com/contact
2. yes, we can
3. You can send by either.
4. Yes
Hi,
Can you please tell me about the following sections in the account opening form
1. Power of Attorney
2. Running account Authorization
How these 2 documents are going to be utilized.
Though the document says – voluntary, but sales manager is insisting on signing these 2 documents.
He says if I do not sign the document then for every purchase/ sell i have to visit branch office or make specific request to execute it. Is this correct?
Regards,
Prashant
Prashant, check this post for POA query. Yes, it is almost impossible to allow trading completely online without these two documents.
Hi, Can I use passport as address proof? And secondly, I don’t have aadhar card(It’s misplaced), is there any other alternative to this?
Yes address proof as passport is good. Aaadhar is required if you want to digitally sign the account opening form. You just need to know the number, no need of the card.
Hi Sir,
I just registered myself in Zerodha and I’m done with the payment of 300 rupees as well. I have also uploaded bank account and signature scanned copy.
Now, I have to submit the POA form only. One of your executive asked me to submit the form and then transfer rupees 5000 for the first time. I asked him if I can transfer less amount or not, he refused saying the zero balance account will not be activated if I don’t transfer full 5000 rupees into my zerodha account. He told that this is only for the first time and I can transfer any amount later on.
Could you please let me know if this is mandatory to transfer 5000 rupees for the first time.
Thanks,
Deepak
Not mandatory to transfer Rs 5000 deepak. Seems like an over zealous sales guy, will find out.
Dear Zerodha,
I already have a equity trading a/c with Zerodha. Now I want to trade Future and Options. Will I have to open a new trading a/c or will it be enabled in my present trading a/c. If it could be enabled in my present Trading a/c then what is the procedure. Please reply.
Ashok K. E.
It will be enabled in the current account itself. SEnd us a copy of segment addition form fromm here: https://zerodha.com/resources, along with an income proof (mentioned above) .
sir, mere paas cheque book nahi hai funds add or withdrawl karne mai problem to nahi hogi agar hogi to koi dusra option ho to suggest kare
Rishab,
You can provide a bank statement to map the bank account. You could transfer funds via NEFT/RTGS & IMPS if internet banking facility has been enabled on your account.
Shouldn’t be any issues to transfer/withdraw money from your trading account. Check this link for more details.
Hi,
I have filled Trading and Demat Form Online and Paid 300rs Online….
I have uploaded Bank acc. Statement and Signature while filling the form…(E-signed the form)
But when i downloaded the filled Form at last Only Half page of Signature is showing..half signature is missing…..
What needs to be done in this case….Since i hv E-signed the form dont know whether Half signature is Signed or Complete sign…
Hi Ankit,
Can you please send an email to [email protected] with the signed attachment that shows only the half-signature.
We’ll have this checked.
I want to open an account for MCX segment. Can I submit “Oriental Bank Of Commerce ” bank statement as an address proof and income proof and Can I link HDFC bank ( New one, Opened with in a month ) account to the trading account?
Yes you can.
Dear sir, I have the acknowledgement copy of pan card , the original copy is yet to come in few days so can i open demat+trading account with acknowledgement copy of pan card.
Adi, You’ll have to provide us with the PAN card. It wouldn’t be possible to open your account with the PAN acknowledgement copy.
Mr Nitin Kamath has, in several earlier posts under this category, confirmed that once KYC requirements are complied, the process need not be repeated for account opening.
I (together with my son G Vignesh as the second applicant) submitted application for opening joint T+D account. The account opening process got delayed (yet to be opened at this point of time) as undergoing a fresh KYC process was insisted upon. I have submitted all the required documents, but I have put this on Z connect to flag the following issue:
Whether a Joint Account of two individuals who are already KYC compliant, requires to under a fresh KYC process just because they want to open account in their joint names. My understanding and representation is that (1) maximum number of Three individuals who are already KYC compliant, can open a Joint T+D account (2) that account will not fall under the “Non Individual” category and (3) a fresh KYC compliance is not required for account opening.
Kindly verify and confirm.
Hi Jayasri,
Having this checked. It’s not required if both holders are KYC compliant.
I want to trade in F&O but i don’t have a source of income currently. Is there any alternative (such as net worth requirement) to trade in F&O?
You can give your 6 months bank statement.
Dear Nitin,
What should be the minimum net worth for F&O?
Thanks in advance.
Nothing as such.
Sir
I want open an account with Zerodha,but have not cheque book.i mean i cant send cancelled cheque.
there is any alternative of cancelled cheque ?cancelled cheque is compulsory?
You can send a bank account statement with account# and IFSC mentioned on it.
Hii Nithin,
Thanks for your prompt reply to my last query.
i just opened a TD account with zerodha and got login credentials for kite and Q on April 22. Support from your sales team agent was great throughout the process but now the agent keeps insisting that i have to transfer Rs. 5000 mandatory for account to be activated even after i informed him about your comments regarding the same on z-connect. Is it really mandatory to transfer the money ? Please look into it.
Hi!
I am very eager towards opening an Trading + Demat account with you. I tried multiple times to request cheque book for my SBI savings account, but always an error popped up saying “Cheque Book not available for this account”. I currently don’t have an Income proof either. So, I was wondering whether the first page of the passbook will work as an alternative to cancelled cheque or not?
PS: My Aadhaar card is not KYC registered either!
Yeah passbook will do (make sure it has IFSC number on it). If not, you will need a bank statement.
can i open just a trading account as i have a Demat with SBI
Yes, you can. However, the Power of Attorney for this demat account would stay with SBI and as such, though you’d be able to buy shares through Zerodha, you wouldn’t be able to sell them. Selling will have to happen through SBI and the charges applicable for such trades with SBI will be applicable.
Dear Sir,
I have Dp with sharekhan,can i trade (Intraday-Not delivery) with zerodha ?
if yes what documents i have to produce I have already Fno and Comodity trading a/c with Zerodha.
only my sharekhan dp id Number if i send to you it will link with same sharekhan dp id?
is there any AMc will effect from zerodha, once link?
Rgds
jayeshtailor
hi Folks!
Where do i check my demat account number? I received a mail from CDSL for using their portal for checking, but they are asking for a 12 digit demat number? Thanks.
I want to change bank details
Sir, I have opened an account with Zerodha through online using my adhaar number to esign the form. After that I received mail from digio. They had attached my esigned form for reference. But I didn’t received any client ID from Zerodha. It’s been 20 hrs since I registered online for opening account. Is it because of weekend that my request has not been processed?
You should have received, can you send an email to [email protected] with all details.
I have mentioned my following details:
Name,mail id, pan, payment id, phone number.
Is that enough or should I have to mention some other specific details?
Oh it’s done.. I received my client ID. Thanks.
Maine zerodha equity mai account open karwaea hai. But abi trading nhi ki. Mujhe zerodha se phone ayea k 5000 rs fund add kro nhi to apka account deactivate ho jayega. ..ye kya policy hai apka?
No policy like that hardeep, you can trade whenever you want.
Hi Nithin,
I have a couple of questions.
1.For income proof, will a statement from any bank account in my name suffice? Or should it be only from the bank i am linking to Zerodha?
My salary gets credited to HDFC bank account. But i am going to link my IndusInd bank account with Zerodha. Will that be okay?
2. My current signature doesn’t match with the one on my PAN card. Kindly clarify if some other proof can be used for signature. If yes, please elaborate on the proof that will be accepted.
Regards,
Adithyaa
1. Any account should do.
2. You could give us a copy of your passport.
Hi Venu,
Cheers on the prompt reply.
The thing is my passport also carries my old signature.
I can provide a letter from my bank verifying my signature. Will that do?
Or i could submit a self declaration saying that i have changed my signature.
Regards,
Adithyaa
The letter from the bank will do.
Cool! Thanks.
how much time it take to open account with adhar card and what is fees to open new account online of only trading and trading +demat account what is amc for both . i have to send the documents by post or not and what about power of attoney and its charges
If your KYC is already registered, you can open account online instantly. Gets enabled by next day. Yes the demat POA is required for you to sell stocks, but you can do everything else. Rs 300 account opening and Rs 300 as AMC.
hi,
Can I file IPO with Zeroda Demat account ?
Not within Zerodha trading, but you can use your bank account and use Zerodha DP ID. Check this.
Hi,
What is the AMC for T+D+C account?
Also how much is it for just T+D account?
Rs 300 in both the cases.
Sir, yesterday I opened an account with you through your adhar digital sign facility. I have got my ID too. but till now I have not received password to access my account. How much days it requires to get the password?
Prathamesh, since we have just gone live with this process, it is taking a little longer. Ideally we should do it in a day.
A lot of praise to you and your team for such a quick reply. Thats why you are called the number one tycoon of Discount brokers in India. Eager to get my password and start long term relation with you.
Cheers.
Hello Nitin,
Thank you for your response. I just became a part of Zerodha now and have access to Kite for trading. However, when i went to add fund, the bank is not getting listed for which i have submitted documents to link my trading account with the given bank. When contacted to sales person, he informed that my bank (Canara Bank) is not a part of the banks with which Zerodha is associated. Now how do i solve this? While verifying itself , if the team would have informed that this bank is not supported than i would have added another bank. Now, adding another bank would require sending all documents related to that bank. How the account became active without linking bank with the trading account? The sales team has sent a account number of Zerodha and asked to transfer money on that asking that it would be credited to my trading account but this is not a feasible way every time. Rather, while withdrawing , how zerodha will know to which account it should deposit – it would again require me to give details of my account, which is not at all a clean way. i would rather like to have my account associated with this so whenever i can i can add/withdraw from that bank account rather doing a NEFT/IMPS to Zerodha account and doing follow up while withdrawing the amount.
Kindly advice ASAP!
Ajit, to add another bank account, just email [email protected] with screenshot of a personalized cheque of your other account. It will happen by end of day. You can also transfer from your registered bank using IMPS/NEFT, when you withdraw, the money will go back to your primary bank account registered with us.
So, in this case – 1) I should do IMPS from my registered bank i.e. CANARA BANK?
2) While withdrawing, the amount will be credited back to CANARA BANK which is registered with ZERODHA regardless the fact that CANARA bank is not associated with ZERODHA?
In this same context, would like to know if we can IMPS from different bank also?
Yes you can transfer from other bank once it is mapped to the trading account (email us soft copy of your cheque). Withdrawal will always be done to the primary bank, in your case canara bank.
1. Yes
2. Yes
Thank you for your response!
From when I can open my account with aadhaar card ?
next week.
Will you still charge account opening and demat account opening fees if I’m opening account with AADHAAR ?
Hi Nithin,
So, i wanted to open an account with Zerodha and i followed the steps to it. I have completed filling the form, took a print out, signed and couriered along with the following documents. Pan card, Last 3 months salary slip, Aadhar card for permanent address, Bank passbook for linking bank account (As i don’t have cheque book & also as said by the sales team who interacted) and Flat maintenance bill for correspondence address (It was mentioned in Zerodha website dropdown in Upload section that Flat maintenance bill is accepted as correspondence proof). Now, i got a call from a representative who says that, they cannot accept flat maintenance bill as correspondence address and they would like to consider my bank passbook as a proof (bank passbook also contains my correspondence address) which i am fine with but to proceed with this they are asking my latest bank statement.
Now, i would like to know -1) How address verification is linked with account statement?
2) When it is mentioned that flat maintenance bill will be accepted, than why it is not now? Flat maintenance bill clearly has my name,flat no. and address. The sales team calls up and says that as the bank passbook address is similar to your correspondence address, so we cannot consider this. I am sorry but i don’t understand this. To open a bank account, we need to submit local address proof and that is what would be there in bank passbook.
3) If at all i need to submit the bank statement, can you assure me that it is safe sharing my bank statement?
Kindly let me know as i would be more confident in what you speak up!
1. We don’t really send a physical document to the address.
2. Flat maintenance can’t be accepted, SEBI doesn’t allow us.
3. Absolutely safe.
Hello Sir/Maam,
I have opened a Zerodha account few days back and transferred Rs 1000 initially. As i am a beginner, i don’t want to take risk. I also started trading with this amount that i initially transferred. I have been told that to completely activate the account one needs to transfer Rs 5000 to the account. Can you please elaborate as to is it mandatory to transfer Rs 5000 to completely activate the account?
Thanks and Regards,
Mayur
Mayur, you are not required to transfer Rs 5000, it is an over zealous sales agent. Please tell him that you interacted with me and I said not needed if he calls you next.
Hi Nitin,
Thank you very much for the quick response.
Have a great day ahead!
Regards,
Mayur
Sir I have filled the forms to open account with Zerodha, payments have already been made. I need to just send the form through courier. I had few doubts while filling
1. One of the page asks for witnesses sign I am only account holder do I still need witnesses to sign
2. When asks for copy of ID proof and address proof document with originals or notarised. Please advise on this as well.
1. Leave the witness field blank
2. You can take a xerox copy and sign on it.
Thank you
Hi NItin,
How do we know, that client is KYC compliant or not. is that client need to check with bank ? (Because sometimes client doesn’t know whether he has got KYC compliant account or not)
You have mentioned, unfortunately still one document to be sent if account is opened via Aadhar, which document to be sent.
Also when this account opening via Aadhar will be starting ? I feel, this will be huge change in industry in terms of digitization platform and so far nobody has started yet. Ideally I would think, should be 100% digitization and one should not required to send any document via courier.
https://www.cvlkra.com/ , click on KYC inquiry. POA document which is attached with demat has to be couriered. Aadhar we just opened our first account, from next week we should be online.
Hello,
I just opened my Zerodha account and transferred Rs. 1000 on 15th Feb, 2017. However, the current margin available shown is -10.35 on 16th Feb, 2017. I haven’t even started trading. Can you please elaborate as to why the amount is deducted from account?
Hi Mayur. This is the payment gateway charge being debited. The payment gateway used to transfer funds to your trading account charges Rs. 9 + service tax per transfer, which is Rs. 10.35.
I opened my account recently on this discounted trading platform to save money on trade commission charges , moving from sbi securities. I did observe same deduction after my first transfer. I wanted to know if this is one time change or every time I move-in move-out money this will be debit 🙁 of course sales guys did not explain this before to me. I did check this my friend who is a volume trader @zerodha could not explain. I never paid such a charge on sbi securites.
Thanks
Arvind
Hey Arvind, I believe you’re referring to payment gateway charge of Rs. 9 + GST. This is clearly mentioned on the payment gateway page where you transfer funds to the trading account. Check out https://zerodha.com/fund-transfer for more payment options. Since SBI sec and SBI bank are closely tied, there is no charge for moving money.
i already have an account with only equity and cds enabled. now i also want commodity segment enabled. while opening account the first time i signed on all the columns. should i print and send the form again for enabling commodity segment?
There is a separate commodity form. Login to q.zerodha.com go to profile and download from the link to commodity form.
Hi Nithin,
When account opening via AADHAAR card option will be available ? I want to open an equity trading with Zerodha.
For KYC compliant clients, it should start by next weekend. Unfortunately there will still be one document which will need to be signed and sent.
Any update Nithin ? Because it’s not live yet 🙁
By tuesday it should be up.
Okay… Thanks 🙂
Hi Nithin,
First of all I would like to apologizes to you if I’m rude or something but please tell us if sign in with AADHAAR feature is not ready yet… After doing little research I found you and your team constantly shifting dates forward. It’s okay if that project taking more time than expected but you should tell the truth.
Anyway, When you are expecting it to be live ?
Again I will apologizes to you.
Raj, extremely sorry about this. We are hitting upon multiple roadblocks. We have opened our first account already using aadhar, should open up to everyone today/tomm.
Okay.. Thank you for your reply 🙂
Have a nice day
How to open with Aadhar? send me Link
https://zerodha.com/open-account, go through this process, the final step is to sign using AADHAR
SIR I WANT TO OPEN A TRADING ACCOUNT EXCEPT FOR COMMODITY AND DEMAT ACCOUNT. PLZ CLARIFY THE CHARGES FOR OPENING AND WHERE TO COURIER THE DOCUMENTS AND IN HOW MUCH TIME IT WILL BE READY TO TRADE.
ONE MORE PROBLEM IS THAT MY FATHER IS IN ARMY, WE WILL IN ARMY FLAT THE ADDRESS PROOF CAN BE MADE IN MY FATHERS NAME BUT I HAVE A DEPENDENT CARD OF ARMY. HOW TO PROCEED PLZ GUIDE SIR
Arjun, if you print and send the form, it will Rs 200 account opening fees. You can click here: https://zerodha.com/open-account. Doesn’t your bank statement have your address?
it has but my old address, if u dont send any documents there then i can give but if u will it will be loss for me
We send no physical documents, everything is online.
THEN I WILL PROVIDE U WITH MY OLD ADDRESS.
ALSO IM A STUDENT DO I NEED TO SUBMIT SALARY SLIPS ALSO NOT PROVIDING THIS WILL IT RESTRICT ME TRADING IN F&O.
Yeah for trading F&O income proof is required (6 months bank statement would do)
even if i dont have any earning merely 6mnths photocopy of bank statement will allow me to trade in f&o
Ah no, you need to have some earning.
For trading in F&O, Income proof is still required or not?
Hello Sir,
I am very new to trading and any thing i know about trading is only through online videos, but i am very interested in Day trading . Please advise if there is any minum amount in our accoun to open Trading and Demat account with ZERODHA and also advise if there will be any support given initially from you people on how to day trade.
No minimum. We run a very popular educational initiative http://zerodha.com/varsity/
My pan card has no photo bcz I have applied it when I was minor so can I open account with that pan card
Yeah you can, you will have to give us some other photo ID proof.
can i send 6 months bank statement as income proof it’s enough to trade in the F&O segment ?
Yes, that is enough.
Hello Nithin,
Hope you find time to address this.
I referred a person to open account with Zerodha. He got document from sales.
The sales manager from Zerodha asked to send photo copy of Pan card and some other document to make sure address is filled correctly as electricity bill has slightly more address detail than passport.
The sales team refused to accept PAN card as the photo on it is faded as PAN card was issued in 2003.
The PAN card was not provided as identity or address proof and yet not sure why photo on PAN card is important.
My understanding is PAN number is used to verify name and not photo identity.
Can you shed some light on this aspect.
Also sales manager told me that the referral is linked by phone number so in case of me changing my phone number to the one of referred person (my spouse) will break referral link.
As I my self is software professional, I don’t think your technical team has used such a poor logic to create referral link.
Please also clarify on this point.
Thanks & Regards,
You are right Heman, our account opening team I guess spoke to you already. When you enter a referral, you enter a mobile/email. As long as this matches when , the new account is mapped to the person who referred. If both don’t match, there is no way for us to know who has referred the person.
Hello,
I want to open demat and trading account in Equity and F&O. Currently I am in South Africa, I can provide all documents (Scan Copies only including check). Please let me know if you can open account for me.
Regards,
Ashutosh
Ashutosh, you will have to send us a courier of the forms. Scan copies won’t do.
when will digio aadhar starting
Ah, some teething issues.
what is lifetime account. is it necessary to deposit 5000 rs in equity and 5000 in commodity acc. please guide
There is no lifetime account. Not necessary to deposit minimum Rs 5000.
I want to open trading account with zerodha. i have an existing savings a/c in karnataka bank. I will be opening demat a/c also there in a few days. Can i link my savings account and demat account of karnataka bank with trading account of zerodha. If possible, will i get any issues in future in maintaining trading a/c and demat a/c in different places?
Pls mail the trading a/c opening form to my mail.
It is best to open both trading and demat with us. If you link KTK bank demat, you will be able to buy through us, but you will have to sell using KTK bank trading account.
hii
i am exist client of Zerodha with id DC0160. i want to open an MCX Account but don’t know nothing about MCX and NCDEX. my Query is-
1- MCX and NCDEX both offer same commodity for trading like BSE and NSE ?
2- Zerodha offer both Exchange MCX and NCDEX or only MCX.
3- if only MCX then how can i trade commodities available on NCDEX. any plan to offer NCDEX in future.
We offer only MCX, all active traded commodities are on MCX. No plans to offer NCDEX any time soon. Btw, if you are looking to learn about commodities trading, check the module on Varsity. http://zerodha.com/varsity/
Dear Sir
I have equity and F&O account with zerodha for last more than 8 months, I’m content with the service of zerodha, and i want to explore more trading field like commodity. kindly tell me how can i open commodity account with zerodha. will i have to fill the form with all the documents? please let me know.
Thanx
Vikas
Vikas, go to Q.zerodha.com go to profile. You will see prefilled commodity forms there. Print, sign and send it to us. No need to attach any docs.
hello,
how much your AMC charge for open demat and trading account ? Is there any other hidden charge ?
All charges are here: https://zerodha.com/charges. AMC is Rs 300.
Sir,
One more question….
I have no cheque copy of my SBI account. I can give you photocopy of my bank account copy and bank statement. Sir please reply….
I need some help…
Thanks sir
Yes this will work, but we will need copy of the PAN.
Sir , I own my new Pan card. I received my Pan number but does not received Pan card. They say it took 15 to 20 days.But I give its photocopy to you after I received it because it take time.
And I have my all documents but only Pan number. And I will send it after receiving.
Can I open account through zerodha….
Thanks sir….
Vikash, I am guessing you are not already KYC compliant, in which case you need to give an attested copy of your PAN. Not possible to open an account otherwise.
hi, Sir,
Im a CFA Level 1st Candidate From Mangalore. I need Demat and Futures trading account for my live project practices. Pls Help me How can i open Account Without Income Proof. But still i have Bank account statements with Last 3 Years transaction, It enough right. Please clarify
Yes, bank statement is enough. You can fill your details here to open account: https://zerodha.com/open-account
Want to Open a Zerodha Account
Name in PAN: HARIKUMAR NETRAL
Name in Address Proof: Hari Netral
Name in Bank (Cheque Leaf): Hari Netral
Any problems in opening the account?
No problems, you can send the documents for account opening.
What is the income proof letter needs to be submitted for farmers to open Zerodha account?
If the account holder wants to trade in the Derivative segment, he/she could submit a copy of 6 months bank statement.
Dear sir,
I am a student and I want to open a trading account with zerodha so can you tell me the document required for student to open a trading account with zerodha.
Documents required are already mentioned in the above blogpost.
I just open an account here online, I fill all the details and paid 500.
but I didn’t receive any mail or massage from your side….
second thing…if I want to upload my documents online rather than courier than How can I do that ?
Arjun, currently you will have to courier all documents to us. Can you send your contact details to [email protected], someone will call you back on this asap.
Ohk Nithin,
Thanks for your reply,
but the money which I am going to invest in share market stuck some where else for 6 months thats why I decide to start this all after 6 months…..so it is possible to refund my paid money ? (Rs.500)
Arjun, You can come back later and submit the forms whenever you wish to get your account opened.
Hi,
I already have a Demat account with ICICI bank. Can I just open Trading account with Zerodha and connect it to ICICI demat account? Also, can I do only delivery trading with this? Please clarify.
No, you will have to open both a trading and demat account with us. If you link ICICI demat, you will be able to only buy stocks with us, you will have to then sell using ICICI.
sir my form has varified on friday, now how much time it would take?
thank you.
I am unemployed. I Just recently activated my bank account(1week ago), so don’t have bank statement and income proof also. I have PAN, Address proof, cancelled cheque, can I open an account in Zerodha to trade in equities and equities margins only.
regards,
Dinesh.
Yes for equities and equities margin, no income proof is required.
Hi,
I’ve middle name. But your online account opening form asks only for first and last name so is it okay for me to put the middle name also on the first name field or should I leave it blank ?
Yes, first name and middle name can come in the first name column and last name in the last name column.
I had i conversation with one of the zerodha support personnel and he told me that a only PAN, address proof, photographs and income proof is required for opening an account. However, he never mentioned about a cancelled cheque. So it is actually mandatory. Can i give my passbook photocopy to substitute the cancelled chque?
Yes, passbook photocopy should be okay as long as it shows an IFSC code.
i want to open my zerodha account in online. if i was completed my application process. canceled cheque are required or not? and after completed my application process in online. after process tell me.
Rajesh, currently you will have to print the form, attach all documents, sign the form, send cancelled cheque to us to open account.
Hello Nithin,
I am a Commerce student who is interested in investing in equities and not in commodities and F&O.
As of now, I have no income
I have a savings account with Dena bank and wish to open a trading and demat account with Zerodha.
Following is a set of my queries:
1. How much is the minimum amount i have to deposit other than the mentioned charges
2. Can the amount be transferred using a payment gateway.
3. When will the account be activated
4. Are there any charges to transfer the profits back to my savings account
5. I am unclear on the documents that I’d have to furnish
Eagerly waiting
1. There’s no minimum
2. Yes
3. Within 2 days of you having sent us the proper documents
4. No
5. Suggest you leave your number here: https://zerodha.com/open-account one of our Sales managers will call and provide you all the information.
I want to open trading and demat a/cs
please advise me.
Can you send your contact details to [email protected] or you can click on open an account on our website.
i Have my saving account can i open an trading account with zerodha hope you will answere my question
I want to open an account on my wife’s name. She is a housewife and I have following documents as a proof:
1. PAN card on her new name (name after marriage)
2. IDBI passbook for address proof on her new name (name after marriage) which is opened 1 month back
3. Aadhar card for address proof but it is on her old name i.e. name before marriage
3. Cancelled cheque of IDBI bank
4. Bank of Maharashtra statement But this is on her old name i.e. name before marriage
5. Marriage certificate
6. Photo graphs
Also she is a house wife so she does not have a fixed income.
Can I open account with zerodha on her name ? Please guide.
Yes you can Prashant. Income proof is required only for F&O trading, you can show 6 months statement for that.
Hi,
I’m interested in opening a Trading and Demat account only with Zerodha. I’m already KYC Compliant : https://www.cvlkra.com – checked here.
Please note : My correspondence and permanent addresses are same.
I’ve no interest in trading Futures & Options or Commodities.
So, What documents I need to provide :
1. Do I still need to provide bank account statement ( and attest it ? )
2. Do I need to provide electricity bill as address proof .( I can get a e-copy and print out the same as I’ve opted for e-bill only bill not anymore sent to my address ).
Please list all of the documents I need to send to zerodha. Moreover I would really like zerodha to send me the printed forms after paying online. I want to open an account with least possible printed papers to support the go green initiative wherever possible.
If you are already KYC compliant and information is the same, just sign the form, and send it to us. No need of any proofs. Also no need of income proof/bank statement if you don’t intend to trade F&O. You can choose the priority option when filling up the form. Our team will send the courier of the forms to you.
I have recently opened a demat / trading account with Zerodha. However till now i have not transferred any funds into the Zerodha Trading account. I plan to start off with the same sometime during the start of next year. I hope that shouldn’t be a challenge with Zerodha.
Please let me know.
Nopes, will not be a challenge.
i Have my saving account can i open an trading account with zerodha
which type of account is required demat ,current or saving bank account to open a trading account with zerodha
You need to have a savings bank account, you can open trading and demat with Zerodha.
i Have my saving account can i open an trading account with zerodha
I am living secunderabad. I want open demat account and have all necessary document. Anybody come physically to my home to collect document?
Yes, they can. You can send an email to [email protected]
Hi Nithin,
Can i use second holder as a nominee for my demat account?
Yes, you can, but it doesn’t really make logic to do so. Upon expiry of one of the holders, the securities are anyways transmitted to the surviving holder.
Hi, I have an NRI account with Axis bank. MY PAN details and KYC already registered. I found from the Zerodha that PAN card and Address Proof is not required if already KYC compliant. Please advise what others documents required for the account opening. Is there any way to send all these documents through email from overseas or need to send only hard copies through post? Thanks.
Would you be opening an account with the residential status as NRI or resident? If it’s a resident account, then we’ll only need your bank proof (personal cancelled check leaf) & an Income proof to allow you to trade in the F&O segment.
Hi, Thank for your reply. Actually I am living in Singapore and overseas info/address already registered in my KYC. Would you please suggest which would be best way to open this type of account and documents required? I prefer to trade in equity, currency and commodities segments. Thanks.
As I said earlier, it would depend on what your current residential status is. If your current residential status is that of a resident, you’ve to open a resident account. If you want the address to be updated in the KYC records, we can do it for which you’ll have to send us a modify request KYC form, along with the relevant address proofs.
Account opening charges are really high. 600 rs. for equity and commodities (including printed form courier). I am a student and dont feel like paying too much for account opening, There is upstox, which is not charging even a rupee, also the AMC is 0, Its just that i am in love Zerodha’s tools and website. That’s why opened the account by paying 300 rs. (out of my savings), for equity , but didnt pay for commodities and forms. as they would have costed me 300 bucks more. Also AMC is rs. 300. I am just a student , trying to learn how stock market works, i dont earn much.
Got infatuated towards zerodha, after seeing the website, the simplicity and so subtly layout. but i guess its just meant for regular traders and not the ones like me.
Anyways Thanks.
Hi..I was an NRI for 6 years. Now I am returning to India, and hence will change my status to “Resident”. However, I will still continue my employment from the foreign country, they have allowed me to work from home. If I want to open a trading account as a resident Indian, can I still provide the proof of employment from a foreign Institution? As I understand from this article, I can alternatively show a proof of net worth. What’s the minimum limit of net worth below which one won’t be allowed to trade in FnO and commodities? In case of the proof of net worth, can I not show that I am employed by a foreign institution?
Thanks
Yes you can open a normal resident account. You could just give us a pay slip for one month or bank statement for 6months as income proof. No minimum networth or income requirement.
Hi, I want to open an account with Zerodha. So I’ve some doubts in my mind. Please answer them :
1. ” To get your account opened at Zerodha, you are required to courier us the Account opening forms. We would request you to give us your original documents like land line telephone bills, electricity bills, bank statements etc. as your proof of address. In case you are providing us your Passport/Driver’s license or any such document, we would appreciate if you could get such document notarized or signed by a gazetted officer. ”
There’s nothing said about AAdhar card so If I send a self attested photo/xerox copy of AAdhar card will this be counted an an valid address proof or do I need to sign the xerox copy by a gazetted officer still ?
2. I’ve more than an year old BSNL telephone bills ( discontinued the service ). BSNL bill address and AAdhar card address is same. Can I send one year old BSNL landline bill’s original copy as address proof ?
Self attested copy of aadhar card works as an address proof. Having the post above edited.
my bank statement is not older then 3 months , I want to trade currency pairs ,is it possible?(
also commodities
Hussain, you can give any other income proof – there are a bunch of other options in the post above.
hi sir,
1) i already have a demat trading account account with karvy does it mean i am already a kyc done person and what is the account opening opening process?
2) i am a student and i have no regular income. the amount i want to invest is from my father. so am i eligable to open a account?
3) as i said earlier i have no income. will my 6 months bank statements are valid or not?
4)as i mentioned in 1 above i already have a demat account so can i open another one with you?
5) no of cheques needed if i am eligable to open a account?
thank you.
1. Yes, you would be already KYC done. You will need to send us an account opening form with documents self attested. No IPV/KYC will be required if your address proof is the same as before.
2. Yep, no issues. We don’t check the source of funds.
3. 6 months is valid.
4. Yes you can.
5. 1 cheque is enough.
Iam Filling Commodity trading form and want to know about last two page which is about Central KYC Registry, i have to paste photo on that with sign across it.
Yes Vicky.
By opening Zerodha still I want to open demat account??? M totally new
Yes you have to open demat. You can send an email to [email protected]
Hi, iam going thru ur commodity trading account and want to know if it is compulsory for signing Voluntary Annexure document. iF my balance is lying in ur commodity account, will it be used by ur staff for purchasing commodity without my consent. All day are not trading day so if some day iam not trading, my balance should not be used by ur side for buying some commodities.
One more thing iam using bank statement as address proof which i get from my bank branch with stamp on it. it is compulsory to get attested from Gazetted officer.
Heena, of course not. We will never take a trade unless you have placed it on your own. Bank statement with stamp on it is good enough, no need for it to be attested.
I have filled the form online and made payment for equity as well as commodity online but I have few questions:
1) As read in the previous comment if I am KYC registered ( through demat account in hdfc securities which I opened last year ) I won’t need to get attested my PAN card copy and address proof ( self attest will be enough). I checked in https://www.cvlkra.com/.
2) I have chosen option for courier me printed forms for 100 /- does that mean I won’t need to print form and it will be provided from zerodha by courier.
3) For the proof of Income I have 6 month HDFC bank statement generated through netbanking (savings account ). Will it be enough or if not from where can I get my demat holding statements. Please guide me…
1) Yes, not required.
2) Yes, we’ll courier you the forms.
3) Yes, only the 6 month bank statement will suffice.
How many days it usually takes until I receive my forms through courier? Just asking as I want to open my account as soon as possible.I live in Raipur, Chhattisgarh.
Shouldn’t take more than 3 – 4 working days.
Sir i want to open both dmat and trading account my queries are
1. Dont have cheque book. Would 6 month bank statement suffice ? Generated Through netbanking.
2.total time taken to open both trading and d mat accounts.
3. Self attested copies of pan card as address proof is okay?
4. My account is with PNB…is OKAY?
1. Netbanking statement won’t work, you will have to get one from the bank. Or print the statement that bank emails.
2. If everything is in place 2 to 3 days.
3. PAN card doesn’t have address. Your bank statement will be enough.
4. Yes
Why u need attestation from gazetted officer on aadhar card or bank passbook for address proof. Self attestation on this document should be OK. Let me know if self attestation on this document is OK or not so that I can send u my commodity trading application form.
Fazal, if you are a client who is already KYC done, no attestation required. You can check out if you are or not by clicking on the KYC inquiry link here: https://www.cvlkra.com/. IF you have opened another trading/Demat/MF account anywhere in the last 5 years, you are most likely compliant.
Hi, I am trying to get 6 month bank statement from my bank for showing income proof for commodity trading account but due to money exchange work at bank, it will take time, just want to know is there any format for self declaration for income proof. I have seen other broker providing self declaration income proof form with thr company symbol, so zerodha is also having such form
Fazal, exchanges have asked us to stop accepting self declarations. You can send us one of the other proofs, your demat holding statements, ITR, form 16, etc.
Hi,
I would like to open a new account with you, Demat Account Annual Maintenance Charges (AMC) will not applicable for new account holders right at Zerodha for the first year?, Is this correct?,
Shall we get some basic training on how to buy/sell shares on your trading platform’s?
Please confirm. Thanks.
There is an AMC of Rs 300 collected at the end of first year. Our sales team will run you through a proper demo. You can also check the user manual here: https://kite.trade//docs/kite/
Dear Sir
I have completed online account opening forms & printed completed forms of trading demat and commodity demat. i have paid opening charges by net banking. Please tell me how many documents are required to send with forms and self attested photocopies of pan, voter id, income proof will work or not?
Yes, that will work along with your photo. Can you speak to your sales manager also.
Sir,
Is it possible to convert a stock trading and demat individual accounts into a joint accounts?
Trading is not possible. Demat yeah.
Hi Nithin,
My account has been opened and i have received my user id and password and in kite it is showing that in euqity and commodity margin available 0 earlier it was showing segment not available.
My bank account is not listed in add funds as it is not supported by zerodha.
Please confirm what is the minimum account to start the trading in equity and commodity that i can neft or rtgs or IMPS.
Regards
Nitesh Kumar
Nitesh, you can do IMPS/NEFT/RTGS. No minimum amount as such.
Hello Sir,
I am a student and i want to open a trading and demat account ( no F&O, no commodity).Can u tell the documents and fee required for that and the complete procedure.
Rahul, it is explained in detail in the blogpost above.
Hi, I’m Rohan.
I recently registered on your site.
I recently graduated from college, I have secured a job, but its is going to be two to three months before my training starts (in the company). So for the time being I am neither a student nor an employee.
1)So what do I put my status as ?
2)Right now I have no annual income , and my net worth is less than a lac, but that is going to change in coming 2-4 months, so what do I enter ?
3)What is included in Utility bills ? Currently, my permanent address and correspondence address is same, but it may change in 2-4 months. I am staying at my parents house, can I give original electricity bill of my house (parents) for proof of address (permanent and correspondence)? I am asking this because I don’t want to do Notary.
4)I don’t want to trade in F&O, so is it necessary to provide proof of income (Currently I have no income) ?
5)What are the exact documents needed for my case (please mention original and photocopy)? Do I need to courier my original pan card ?
6)I entered my net worth as below 1 lac, but in the form the annual income >25 lac is ticked for some reason and the net worth is black line.Is this normal, What do I do ?
7) Do I have to take color printout of the form or is B&W okay ?
Thank You.
I forgot to say, I have an IDBI bank account, and Adhar card too.
1. You can enter ur current status
2. u can mention <1lk
3. Address proof will have to be in your name, you can give your original bank statement.
4. Not required.
5. PAN photocopy, original bank statement, 2 photos, 1 cancelled cheque
6. You can change it after printing the form.
7. B&W is okay.
Thank you for replying.
By original bank statement, do you mean the one we generate on the banks online portal and print it ?
And secondly, I haven’t been getting email notification, like for this reply of yours there was no email notification.
Surprising why you didn’t get email notification, can you check your spam.
Best if you can get the original with bank seal. If a bank couriers you the statement, that will also do.
I checked, there is no email.
Btw, I get my bank statement in the email every month. Will that do ?
Yep, you can color print them and send.
i want to open demat account online. what is charges and what documents i have to attached with it.i want invest only in Equity and i don’t have cheque book.
Shailendra, completely online is not yet possible. If you are already KYC compliant, you can print, sign and send the docs. IF you aren’t our team can visit and pick up the docs from you. If you don’t have a cheque book, you can attach a statement.
Hello sir,
I want to open trading and demat account for trading into equity only, so for this i need to send cancelled bank cheque leaves , but in my cheque my name is not printed only my account no. Printed, can i send this?
Or anything else in place of cancelled bank cheque leave?
Thank you..
Send your bank statement along with cancelled cheque leaf.
Hello Nithin,
Is the account opening still not completely online process? (I mean do we need to send the documents – PAN, Address prof, income certificate and cancelled check in form of hard copies via couries?) i read somewhere that it would be completely online if I have Aadhaar number with me?
Also, is cancelled check required is anyone wants to trade in Equity only?
It is unfortunately not completely online, even AAdhar onboarding we haven’t gotten complete approval. Cheque is required as proof of your bank account, you can also give us bank statement instead.
Thanks a lot Nithin.
sir, i have union bank account . how shall i withdrawal balance from dmat a/c to my bank account.
Funds are in your trading account. You’ll have to place withdrawal requests from: https://q.zerodha.com/funds/display/
sir, i sent hard copy of application .it has verified howmany time you take to activate dmat & trading account .
Takes around 3 working days.
sir , please do fast process for account activation.
If the forms are in place, the account opening typically takes a maximum of 2 working days.
sir, form received and varified on monday (17-10) but it is not activate. only have received z pin.
Hi,
I understood that AMC charges for demat account will be Rs.300 and my doubt that, is there any maintanace charges for trading account and commodity account? and is there any charges for ideal (not using) the trading and demat account for years and when will the accounts be automatically cancelled if i am not promptly or frequently using Zerodha after creating the all trading accounts?
No AMC for trading and commodity. Account will go to inactive status after 6 months (not if you hold shares in your demat), but you can activate it quite easily.
new demat account ko open hone main kitna time lag jata hai ??????
Around 3 working days if all documents are proper
Payment link is not working!!!
hello team zerodha,
im a school teacher, I also want to open demat account,
I dont have cheque book, so how could i proceed
even one of your representative called me once but after that no one is attending me
pls support…
You can provide a letter from your banker confirming details of your bank account on the banks letterhead. This should suffice as bank proof.
My permanent address and correspondence address is different, i leave in a pg..
So what can i provide for correspondence address?
Thank you..
We don’t send you any hard copies of correspondences, so you can let your permanent address proof be your correspondence as well.
Today I submitted the forms to your representative. I was asked to pay charges of Rs 600. Payment is done using Cheque in Name of Zerodha. Have I been overcharged ?.
These are accounts opening charges. You haven’t been overcharged.
currently i hav an demat/trading with capstocks. if i open a trading account with u by linking my existing demat, at the time of selling equity delivery, will i need to pay brokerage to capstocks ??
If they charge you for delivery trades, then yes, you’ll have to pay delivery brokerage. Delivery trades are free at Zerodha.
When i will have to pay annual maintenance charge for trading and demat account, at the time of opening account OR at the year end..?
At the end of the year.
I don’t have UIID mailed aadhar card. Is e-aadhar card is enough for address proof? I checked with UIID portal they said e-aadhar card is valid address and identity proof. Whats zerodha stand on this?
e-aadhar suffices as proof of address. Please take a printout and attest it.
I have my PAN card, a bank account, proof of identity. I am a student, so I don’t have any income proof. So please consider telling me what should I provide as a income proof?
6 months bank statement.
It’s been 12 days and I have not received the Credentials yet. I got the ZPIN day before yesterday. And when I am calling the support team they are saying that you will receive the Credentials by the end of the day. But I have not received anything except the User id which i got by calling them. Somehow I managed to generate a password through the user id and the registered mail by using the forgot password option. I successfully logged in to Q back office but I am not able to login to Kite and Pi as I have not received the Credentials. Please send all the Credentials to the registered mail as soon as possible . I have been waiting since 10 days and calling everyday to the support team just to hear the same response everyday.
Finally got the trading password after sending a mail to the support team. Better to send mail then call. 😛
can you send your contact details to [email protected]
I already have F&O Trading Account. Now I want to open Demat account. What is the fee ?
Rs 100
sir,
I am a student and i am very interested to invest my some money in stock market.
I want to trade in EQ only.
my query is,
I do not want to trade in f&O.I want to trade in only E.Q.
Should i send banks statesment ?
Can i give address proof only in place of bank statement??
If you want to trade only equity, no need of income proof. Just address and PAN is enough.
as an address proof Aadhaar or driving licence are enough or not??
Yes it is enough.
I have Zerodha trading with ILFS demat account.
What is procedure to open Zerodha Demat account and transfer/close ILFS demat holding to Zerodha demat account.
Please let me know which all forms I need to submit and any applicable charges if any ?
If you login to Q.zerodha.com and click profile, you will see a pre-printed Zerodha demat form. Just sign it and send it to us. Along with it, send an ILFS closure letter, you can find that here: https://zerodha.com/resources. Once the account is opened, shares will automatically get shifted for free at no costs and account closed.
I have tried to open account for 2 times and also i requested for call, But yet i have not received any calls from your side for assistance.
Ph +91 9742912767
i have already demate acc. of sharekhan. so , can i open a acc. with zerodha also?????
Yes, you can.
I recently opened my very first trading account in zerodha. the account manager from zerodha said that the payin minimum is rs. 5000 for first time. I wanted to start with rs. 1000 as I’m a hopeless newbie. plus there are charges of rs.10.65 levied, though the transfer was through net banking. I remember reading somewhere on the manual or other info that transfer through net banking is free of charges.
also i request you sir, to please waive the fees for newbies like me as even rs. 20 is a high amount for us and my one time meal costs rs. 20. for every small income transaction where the income, if any, is rs. 10, brokerage will be heavy burden on small people like me. As the trades increase you can levy brokerage but for small transactors please spare the brokerage.
Sansh, the brokerage is 0.01% or Rs 20 whichever is lower for intraday, for delivery it is 0. So if you buy Rs 10000 for intraday, you will be charged only Rs 1 (0.01% of Rs 20). About payment gateway charges, do a NEFT/IMPS, no charges from our side. If you use the payment gateway that we offer, the Rs 10 will be applicable. It is not mandatory to transfer Rs 5000, you can tell the sales guy this.
I want to open Trading +Demat account for my wife. Address proof in my name (Landline Tel. Bill) is accepted?
Address proof has to be in your wife’s name.
in zerodha application form i have to just sign and zerodha agent fills the application form … Is it true??
Yeah, our team will fill it up for you.
I already have Trading only account with Zerodha. I want to open Demat account and map to my trading account.
what forms I need to fill ? and what are the charges ?
Login to Q by clicking here
A pre-populated Demat form is available which you can download and send. Since your account was opened before September 2015, there are no charges for the demat account.
is it compulsory to attach 6 months bank statment to open trading account as i want to trade in equities only and not in f&O commodity or currency as i have new bank account so can i open account without income certificate please reply asap
Prateek, if you don’t want to trade F&O, commodity, currency, there is no need of income proof and hence no need of 6 months bank statement.
thanku nithin sir and one more query i have adhar for identity and bank statment for address and pan card so is it necessory to submit canceled cheque?
Bank statement is good enough for bank proof, do send an original bank statement.
I already have a trading and a commodity account.Now i want to open my demat account also.Cheque of how much amount i have to send for this?
Rs 100
Hi Nithin ji:
Me& my partner wish to open only trading account.
The bank account is joint& mode of operation Either/Survivor.
I don’t have the PAN card.
So can only her PAN card enough?
The trading account will be opened in her name?
Also our bank account is new, 2.5 months only?
Yeah, u can open in her name, and for income proof if you don’t have 6 months proof, you can give any other income proof.
Dear Zerodha,
I am already KYC compliant with SEBI registered intermediary. I have a DP account maintained with CDSL.
Now, can I just send filled account opening form along with cancelled cheque and ID proof?
Correction – ‘I have an account with a DP in CDSL’
Yes, you can. When filling the form, make sure to fill it exactly the way it appears on you KYC. You can check it here: https://www.cvlkra.com/kycpaninquiry.aspx
Thank you Mr. Nitin. I have opened an account with Zerodha. But there is a minor discomfort. It seems the format of my address has been changed slightly, resulting in it not being printed fully in my monthly CDSL account statement. The position of initials in my name is also changed. This has happened after the account opening. I suspect that, inspite of me being already KYC compliant, a CERSAI KYC has been done by Zerodha again. Can you please check this?
I opened Demate & Trading accounts in zerodha through online and I paid 300 rs for both accounts. After this if I called to customer support team they are saying like we will call you back with in 30 min. But I have been waiting for 8 hours no one called me. They are not help us. Your service is very poor.
I opened Damate & Trading accounts in zerodha through online and I paid 300 rs for both accounts. After this if I called to customer support team they are saying like we will call you back with in 30 min. But I have been waiting for 8hours no one called me. They are not help us. Your customer service is very poor.
Hi,
In ZERODHA web site its says, “Open your account instantly with AADHAAR” ,
if i do that ,i still need to send documents? , I’m are already KYC compliant
i have filled the form online but didn’t proceed with payment ,i just want to get clarified before doing payment
can any you help me on this
Digital signing with AADHAAR will take a few more days. For now you will have to pay, print the form, sign and send it to us.
Mr. Nitin..about online form filling…
1.should the documents uploaded be simple photocopy or photocopy of self attested/notarized??
im assuming that these uploaded copies are just for verification so simple photocopies are fine right??
Yeah, the documents being uploaded, just photocopies are good. When you are sending the forms to us, try to send us originals/notarized preferably
I recently saw on your website that i can open the account using AADHAAR.. Can you please show us the demo or any document how it can be done? I only want to open a trading account and link my existing DEMAT account, can it be done online. After completing the online process with AADHAAR, do i need to send any physical documents?
Please Clarify.
Thanks.
Harsh, the Aadhar bit is not live yet. You will have to open both trading and demat together. If you are already KYC compliant, no other documentation required, but if you aren’t, yes we will need a KYC form with all proofs.
Is important to send the cancelled check,or the bank statements for 6 months
Yea
Hi Sir,
Current my trading & demat account is in axis direct in which I have 40 scrip worth rs 18 lacs. I want to open an account in Zerodha and tranfer all the shares in Zerodha demat account. So can you tell me what will be the cost to tranfer all the share.
Thank You.
Get your trading & demat account opened at Zerodha. Initiate a closure cum transfer of your demat account since there are no transaction charges if you’re closing and transferring securities.
I want to open an trading+demat+f&O+commodities+currencies account for my wife. But she is not working and doesnt have any IT Returns. Can I show my income as a backup and open the account in her name?
Dinesh, you can give her 6 months bank statement as income proof.
Sir,
I want to open trading account f&o, currency derivatives in my mother name, but I will trade on behalf of my mother. Is it possible or not.
Yeah possible.
Sir, u have given 28 bank for transferring money into trading account. Does it inculde union bank of India ?
Union bank is not on the list, but you can do NEFT/IMPS/RTGS through ur bank account.
Hi Nithin
I have a startup company in Financial Trading and Strategy Development. I am willing to open an account in Zerodha in the name of my company. Are all the the Documentation & charges same??
Regards,
Soumyajit
Check this post.
sir
i got a mail from IL&FS Securities Services Limited Depository Services
i quote from the received e mail
“you are requested to submit a self-certification to the Company regarding your status under Rules 114F to 114H notified under section 285BA vide Notification No. S.O. 2155 (E) dated 7 August 2015.
You are therefore requested to provide your residential status as per income-tax in self-certification form enclosed herewith along with documentary evidence within 7 days of receipt of this letter.”
plz guide me ,how do i reply to this e mail , as there is no clarity on which documents to be submitted
the attached self certification form also lacks clarity
thanks gaurav
I want to trade in commodity, iam retired from central govt services, what income proof i should provide.
Any acknowledgement of your pension, ITR or even 6 months bank statement.
Sir, I can provide 6 month bank statement with my pension included in it as it is my central govt pensioner bank account, so this will be more than sufficient for bank and income proof.
Yes, that should suffice.
What is the requirement of form printing, means need to print on single side only or double sided also acceptable?
I am having HDFC trading account (demat account) can i use the same account to trade from your website?
If yes then how much charges i will have to pay? if no -> I am also holding some shares is it transferable?
HDFC charges .50% for delivery if i use same account from your website then do i have to pay brokerage to HDFC or you for delivery option?
No you cannot use the same account. You will have to open a new one and transfer shares to that demat with us. If you sell from our demat, 0 brokerage.
Are there any annual maintenance charges?
Yes, Rs 300 per year for the demat account.
sir,
i am house wife .my husband working as a state govt employee. am interested in equity,f & o, commodity. am filled the form online. now ready to print and send in courier to ur office. how should i show income of proof for trade in derivatives.shall i submit my husband form 16A. am also have a demat with karvy. pls tell me how should i cancel it. am paid amount through net banking.
Hi Team,
I would like to know the below clarification before opening the account,
1) Do we have a message alert facility with zerodha..I mean both kind of message alert
..A) when ever our trade executed, immediately message will be delivered to the registered number
B) Even if we are not placing an order..we can set an alert with x value ..so when ever the market touch those levels we will be prompted with an message alert..
I will not be 100 % sitting infront of trading platform..so looking for a trading account with the above facilities.
Please provide your feedback.
1. Currently you can opt for end of day SMS
2. We are working on alert facility, will take us some more time.
sir,
i am house wife .my husband working as a state govt employee. am interested in equity,f & o, commodity. am filled the form online. now ready to print and send in courier to ur office. how should i show income of proof for trade in derivatives. am also have a demat with karvy. pls tell me how should i cancel it.
I have downloaded the filled applications, Please let me know if I need to only sign the documents or need to manually fill any other details in the form.
Also I will send the copies of pan card, bank statement, copy of pass book, cancel cheque. Let me know if these docs should be enough or you need any other docs.
Just sign the forms and and all the documents you are sending. Those docs are enough.
I have sent the forms, Please let me know when you receive them and check for the validation so that I can make the payment online to proceed further.
You’ll get a call from our KYC desk upon receipt. Your Sales manager will give you a call and update you on the status of your forms.
Dear Nitin Kamath ,
I have already submitted ” Stock Holding statement ” of my previous DP with portfolio value around Rs.80,000/- along with hard copy of account opening form . But , Zerodha is still asking other documents to activate F&O .Stock holding statement is a valid alternative document ( Also income proof ) which I already submitted along with account opening form to activate F&O .Please look into my matter .
Mr. Pushparaj Ghodke
Client ID – RP6136
Please let me know the charges for opening a trading+demat+comodity account?
What are the AMC for these accounts?
Do you provide the option to buy Mutual Funds from most of the AMC ?
If u print the forms yourself it is 200 + 100+200
Demat is Rs 300, nothing for others.
Yes we have almost all AMC’s
Thanks for the prompt reply.
Is 6 months bank statement enough if I want to trade in F&O. I don’t receive any salary in that account and I am a retired person.
Yes 6 months statement enough
One last question before I proceed with the account opening. Do I need to pay the charges through cheque or payment gateway?
Also a downloaded statemnet of 6 months from my internet banking should work?
If it is for income proof, yeah it will work.
Will it not be applicable for income proof as well as address proof.
Do I need to submit a different address proof?
If you want to use it as an address proof, the downloaded bank statement won’t do, unless it has the bank logo and looks like one of those statements that bank courier to you.
So a xerox copy of passbook will work as address proof or I need to provide any other address proof?
An attested copy of the passbook or preferably send the original passbook itself.
Either way is okay.
Hi, with reference to my earlier post and your answer on dated 22nd July, I’ve sent my filledup and signed copy of Equity and Commodity forms (printed myself) along with all necessary documents and online payment (Rs. 400) receipt to your office. The set of forms are delivered in your office on 1st August by Indian Post. May I hope that my account will be opened by today or tomorrow? Thanking you.
Yes, we’ve received your documents. Your account will get opened latest by tomorrow, subject to all documents being correct.
I’ve received a message (email) just now from your team as follows –
Dear Hemalata Das
This is about the account opening forms that we received from you.
The following corrections have to be made in your forms before we can get you to start trading:
Address Proofs
Address proof copy is not clear, required soft copy of clear address proof (Bank statement copy) for further process.
Do get in touch with your Sales Manager – Mahesh P ([email protected]), mobile: 9742252020 or call us back in case of any further queries.
As instructed by you, I’ve already sent signed copy of my last 6 Months Bank Statement in original as ADDRESS PROOF as well as for INCOME PROOF (ofcourse cash amount is very negligible in my A/C at present) and same is very much clearly printed in 2 pages. Please note, I’ve sent a Cancelled CHEQUE LEAF also as additional document for your needful along with my forms. PLEASE ACCEPT MY LAST SIX MONTHS BANK STATEMENT AS ADDRESS PROOF AS WELL AS INCOME PROOF.
Accordingly you required an IPV as per SEBI Norms. But I’ve only applied for Trading and Commodity A/C, not for DEMAT. However, I will try to IPV with your team today evening.
Hi,
I want to open trading account in my wife name.
She is home maker and doesn’t generate any income. But when I open the account online, it is asking her income proof. Is it mandatory for her.
Want to open, Equity account (not derivatives) and commodity, and mutual fund unit buy online.
Thanks
Ananth
Income proof is required only if you wish to trade in the Derivatives. Since you don’t intend to, you can skip uploading the document.
Thanks for the info. She is US dependent VISA H4 holder. She is going to travel US next month. Shall she trade from US and being an H4 holder. I am already holding a demat account and currently is US with H1B work VISA. I am not sure i can trade from here. So I want she to open an account and trade.
Am i eligible to trade? Please advise for me and my wife.
Hi Ananth,
Your geographical location wouldn’t matter. You could be trading sitting anywhere in the world. What’s important is that you declare the right residential status (Resident/Non Resident) & open an account accordingly.
Hi, whats ‘s the total charge for opening both equity and commodity accounts at a time?
It’s 500 if you’re printing your own forms and 700 if we send you the forms.
hi, for F&O u asked for the income proof. But i don’t have the income right now. i am going to use the amount which i saved in my bank in my days because i passed out from college before 6 months. What shall i do?
It’s compulsory to provide an Income proof to trade in F&O without which you can’t trade.
is it enough only the bank statement for income proof? And can i do equity trade without income proof and how to mention only equity trade in the document in the automated filling process?
Yes bank statement is enough. Yes you can do equity trade without income proof. When you are signing the forms, don’t sign next to F&O on page 5.
Hi,
I have a joint account [myself and my husband] in zerodha. Now can my husband open a separate trading and demat account in zerodha. Can we link SBI savings account for trading.
Regards,
Lakshmi
Yes and Yes.
Thanks Nithin for the quick reply 🙂
Hello,
I have zerodha account. My father would like to open a “D-Mat” account, he would apply for IPO through ASBA (SBI). What would be the AMC charges for D-Mat only? I hope, he can sell the shares when those are allotted through IPO.
Also, I think PAN and address proof are the only docs required. Please confirm.
Warm Regards,
Rajesh
Rs 300 is the AMC, yes he can sell. Yes PAN, address proof,cancelled cheque, and photo.
Thanks you Nitin for your prompt response. Appreciate it.
nitin why do you not think about having toll free costmer care no. it has long while since more than 1 year. As a customer we do wven face some problems. So as an good excellence service providers Zerodha must have an toll free costumer care no.
Thank you.
If somebody has a equity+trading account with zerodha & he wish to trade in commodities also, then what would be the procedure to enable commodity segment?
Login to Q.zerodha.com, go to profile, under profile there is a pre-printed commodity form. Print it, sign it, and send it to us.
[…] Account Opening Documentation & Charges – Zerodha – 6. Cheques for account opening and AMC: Trading account only (1 cheque in favor of “Zerodha”) If you use our physical forms: Rs 300. If you print the forms … […]
Hi i have applied for zerodha equity+trading+commodity account using priority plan.
Today I received the application form. But I forgot to mention F&O while filling form online.
Now I wish to trade F&O also, as i am a student I currently dont have income.
does sending bank statement along with form is enough?
Also you have sent copies of document required, does that mean i dont have to sent attested copies of documents to you?
Yes that should be enough. Also make sure to sign on the F&O box on the form (see the signature fields). Yes sign those documents and send back to us.
Thank you for replying.
I’m a student and a novice . Can you please tell me the procedure?
I have an hdfc bank savings account.
If I open a trading + demat account with zerodha , can I link my hdfc bank savings account to it for receiving/ sending money?
Or do I need to have a hdfc demat account too?
Yes you can link HDFC savings account to transfer and withdraw. Why don’t you call our office and speak to our sales team.
I dont have an income certificate and i want to sell/buy stocks.
can i still participate in this?
if yes, what are the things i can participate in?
i have the following :
1. PAN card.
2. HDFC bank savings account.
3. All other types of address and identity proofs.
please help !
That is enough Saurav to trade stocks. You can give 6 months bank statement if you want to trade futures and options.
Need an income proof to trade futures and options. You don’t need income proof to trade stocks.
Hi,
I want to open a new trading+demat account in Zerodh. When I filled the form , icame accross the payment page where i can pay online and then you people will send me courier of forms.Do i need to pay anything else apart from online payment and what do i need to with the courie documents? Since i have already filled the form do i need to fill more details in the form ?
Regards,
Joe
You can make that priority payment. Make sure to upload all the scanned documents on the form, our team will double check if everything is right and courier you the forms. You can sign it and send it back to us.
Thanks a lot for the prompt reply!
Hi, I am a housewife and at present no specific income source. My husband is a govt. Employee and he transfered some money to my savings account (not as gift) for my personal need. I want to open a Trading Account and trade in F&O with such money. I have PAN card and 6 month bank (SBI) statement only as supporting document, nothing else (no cheque book). In this regard-
1) is my bank statement is sufficient as address proof?
2) is my bank statement is sufficient as income proof ?
3) is it necessary to provide my husband’s income proof also, as I have no regular income and all money comes to my account funded by my husband.
4) how can I show that my husband gifted me such money?
5) how can i solve KRA compliance in future?
Please reply early.
1. yes
2. yes
3. no
4. u don’t have to show the broker. u can do it while filing income tax returns.
5. you have to get KRA done before account opening.
Nithin,
I recently opened an account with Zerodha. Is there any minimum amount that I should deposit in my Zerodha Account to start trading in F&O or equities ? I have a 2500 Balance in my account but I am not able to make any trades.
Thanks,
Not really. You need to have sufficient margins as much as the scrip/contract that you’re trading in requires.
If i want to open another account with zerodha beside the existing account DR5790 in order to pair trading or trade in opposite directions, do i need to complete fresh documentation again or earlier documentation would suffice?
You can’t open 2 trading accounts with the same broker. You can pair trade in the same account. Don’t understand why you would want to trade in opposite directions. http://tradingqna.com/1014/how-to-do-pair-trading
Hi ,
Nithin . I have a very specific question and I couldnt find your email address anywhere so im posting on this page as I was looking to switch to zerodha demat account. Now I already hold an account with you guys(IL&FS demat). I work in investment banking but support the backend dept for an international bank. As part of normal operations. All Investment banking employees are required to disclose all their trading accounts and activities and even go as far as getting approvals for buy and sell of any security online. The problem is they want us to trade only out of a few set of approved brokers only. And I dont want to do taht since you guys are not on the list 🙁
I wanted to know that if I do not disclose my zerodha account and still do delivery trades , If you guys will be disclosing or reporting info to my company or any 3rd party without approval from me ?. Also is there a way that these guys can track trading activity of a particular person unless one discloses the account and the bank accounts connected? Please help as this question is critical to me!
We will of course not disclose your trades to anyone other than you. The only people we are forced to disclose to are SEBI, Exchanges, IT department, and other such government bodies, i.e if they ask. There is no way your company can track trades unless you declare.
thanks for prompt reply,
for “income proof” what entry is needed in local bank statement?
(just cash inside bank account, bcoz my income before is in overseas)
Yeah cash inside is enough, as there will also be some interest income and all.
I’m NRI before, recently return back to India not in job, having own house, rental income, some cash,..
i want to open Trading, Demat account., how/what to produce as “Income proof”?
You can show bank statement as income proof.
I currently have trading account with icicidirect. I want to open account with zerodha.
Is it possible to have new account with zerodha using my existing DP client ID? or do I have to open 2nd seperate demat account?
You will have to open a new trading and demat account with us.
i have demat account with sbicap and sharekhan, now i want to open equity and commodity trading account with zerodha, but want to use demat account of either sbicap or sharekhan , if this possible, pl let me know the process.
cain i trade on zerodha and transfer it to my old demat accounts.
Yes, you can buy at Zerodha and holding will go to either sharekhan/SBI. But you will not be able to sell with us. Suggest you to open both trading and demat with us.
ok sir, i will go for both demat and trading account with u, please make arrangement fr it soon ,my mob-9732422991
Dear Nitin,
Is Aadhar Card enough for address proof??
Yes
hello,
i already have F&O account with zeordha i want to open commodity a\c
Go to : https://q.zerodha.com/user/profile/, download, print, and courier us the forms.
Hello,
I want to open a demat and trading account in the name of my wife.
She is also in service, I have filled the online form on zerodha for the same.
For getting bank statement, bank executive didn’t allow to give signature and bank seal stamp on the statement.
Is there any alternative for this,
Please reply me..
You can send any other address proof. Do speak to our sales team on this. 080-49132020
Hello Zerodha,
I already have demat and trading account with ICICI Direct. Do I need to open new demant account with Zerodha? If yes, can I move all my current shares to new demant account? will there be any cost for transfering shares to new demant account?
Thanks
Ashish
Yes, you need to open new demat, and yes you can move all shares after opening the demat. We won’t charge you for moving shares into demat, ICICI might. You will have to check with them, how much they charge.
Sir I have account in karvy ,and I have different signatures on pancard(which apllied long ago) and bank account what can I do for account opening with zerodha
any other id proof with same signature or banker attestation.
My signature has changed and is different from the one in PAN card. What proof should I submit for my new signature?
If you have any alternate signature proof like a passport copy where your signature matches your current signature, you can provide that. Else, we’ll need an attested letter from the Bank verifying your signature.
I am a business man and have only a current account(Individual)with the bank. Can I use it for equity trading ?
No, you will need a savings account.
Dear sir,
I need trading account only if it possible to open and if get i can access the all scrips in trading platforms or any restrictions in that ??
To see equity scrips, you need to open a demat account as well.
Hi,
I am new to stock market. I am not able to understand difference between inter day and intra day trading. I am planning to invest on equity for long term say 6 months to 1 year. Is it possible to get any financial advisor from Zerodha to plan my investments in a beneficial way and to gain knowledge on the various investments?
Thanks and Regards,
Karpagam.
Karpagam, we dont’ have a advisory model. But check this https://www.smallcase.com/, you can use it through the Zerodha account.
Hi
I applied for online account opening way back in 2015. I have already paid my fees online. But i am still struggling to get the check book of my account which i mentioned in the account opening form. The bank is not responding properly and since my husband’s job require a lot of traveling i use to travel with him globally. I need to know that how can you help me in getting my account opened as soon as possible.
Thanks
Neha, you can send us an original bank statement, that should be enough.
Hi,
I am currently student ,so can I trade or invest with zerodha with initial capital around Rs 10000-15000???
If yes, than what are my options for trading or investing and what formalities are required?Currently I am having a saving account with pnb.
And what is express pay ,how does it affect me if I have account with PNB?
Yes you can trade with 10k to 15k. Suggest you to look at our education initiative: http://zerodha.com/varsity/. Formalities to open a trading and demat is mentioned above.
is it mandatory to have an a/c in hdfc for opening t-d-c a/c in zerodha? i have an savings a/c in sbi. so can i open t-d-c a/c in zerodha with the existing sbi a/c?
waiting for your reply.
thank you,
regards,
suvankar.
HDFC is not mandatory, you can map your SBI A/C as well.
Sir,
I have Trading only account with Zerodha and Demat account with Aditya birla. Now I am planning to open Demat account with Zerodha.I have already downloaded pre filled and signed. Please let me know the documents needed and how much the first payment I want to send. Is it possible to pay online.?
Because I don’t have enough cheque leaves.
Thanks
You can just send the prefilled demat form, we will have all your other documents. The account opening fees can be debited from your trading account itself.
What’s the procedure to activate “F&O” segment in existing zerodha account & could this be done online by uploading my “ITR” copy & sending it to your email id?
Can’t be done online. The Regulators require us to take such requests in writing. You’ll have to download the Segment Addition form, and courier it to us along with a copy of your latest ITR.
i am not satisfied with u..
Not sure what your question is.
hi i am a student. I want to invest in Stock market for long term like 10 years or may be more but i am not sure which account i require and what do you call such investments(EQUITY DELIVERY, EQUITY INTRADAY, EQUITY FUTURES or EQUITY OPTIONS). What would be brokerage charges and other charges if i sell my shares after 15 or 20 years.
It’s nice to know that you’re starting while you’re young 🙂 You need to open a trading & demat account. At Zerodha you don’t pay any brokerage for Equity Delivery trades!
I am a student , I want to invest in stock market…. but i don’t have any income, so how can i upload income proof? Should I upload 6 months bank statement, but that is pocket money…..
Income proof is required only for F&O or derivatives trading. Not required if you are intending to trade only stocks.
I am having trading and demat account in icici bank. Now I am planning to open trading and demat account with Zerodha.
1. Shall I use the same demat account that I am having with icici.
2. I tried for online account opening form, but it shows problem in loading the document.
3. I want to understand brokerage for delivery of equity. If I buy 2 shares of MRF for 62600 and sell them after 6 months for 70000. What are the charges involved on buy side and sell side.
1. If you use the same demat account, then you will only we able to buy shares through Zerodha. When you intend to sell, you will have to use the services & pay charges to ICICI since the shares would be in your ICICI demat account. In order to avoid paying such higher charges, we would advice you to open a trading & demat account at Zerodha.
2. You can download our account opening forms from here: https://zerodha.com/downloads. Else just leave your information here: https://zerodha.com/open-account and one of our Sales Managers will get in touch with you and help you open your account.
3. Since it’s a delivery trade, you don’t pay any brokerage. Yes, you heard it right! 0 brokerage for all delivery trades. There are a few statutory charges like Exchange fee, STT etc. which you can get here: https://zerodha.com/brokerage-calculator
Dear Zerodha,
I already have trading account with you. Now on Thursday (9/6/2016) i have applied for demat account at your Pune branch. I want to know how much time it will required to open demat account.
Thanks.
24 hours from when we receive the forms in Bangalore.
Hi,
I currently have 2 demants account with HDFC and Axis. Will I get any help in transferring to Zerodha and bring it to single acccount?
Also, what are the tax implications if I transfer the holdings?
What is the process to transfer some of the ELSS and other funds which are still have some lock in period left?
For transferring units from HDFC & Axis to your Zerodha Demat account, you’ll have to fill & submit the Delivery Instruction Slip (DIS) to HDFC & Axis in which you’ll mention the Demat account number of Zerodha. Also provide them a copy of the Client Master Report (CMR) of your Demat account at Zerodha. You can write to [email protected] from your registered email ID to obtain the copy of your CMR. The transfer type will be “off market” and hence will have no additional tax implications as such.
Transfer of funds/ELSS which are under lock-in can only happen if you initiate a “closure-cum-transfer” whereby you’ll be closing your account and transferring units to your new account. By initiating a closure cum transfer, you also save on the transaction cost that the DP would otherwise levy.
Hi Nithin,
My PAN card is not KYC compliant,what all docs I need to open Demat + Trading account with Zerodha.What will be total cost for opening account?
Send us an address proof which is either original or attested. PAN card copy, account opening forms and a photo. Cost of opening will be Rs 300 if you are printing the forms.
Sir
I already had an account with you for equity trading. Now I want to extend my account for FNO trading also. What should I do?
Sign the segment addition form https://zerodha.com/downloads, print it, sign it, attach an income proof and send it to us.
I received my pan card but the name is printed as jithil instead of jithin. Will that be a problem to trade with that?
Make sure to give another ID proof that spells your name correctly.
Hey,
I had made a payment of Rs.450 online towards priority account opening on 15th May,2016.
It has been more than 20 days, and I have not received any documents to sign on.
The sales manager does not pick up my calls/replies to the emails.
Kindly refund the money,for I do not see any reason to wait longer.
Regards,
Rishabh Khurana.
Thanks 🙂
Can i do the account creating process through offline with cochin branch (Zerodha) ?
What all documents should i take if im going there?
If you give a idea it will be helpful bcz its 3 hours travel from my place.
PAN, Photo, address proof, cancelled cheque leaf.
I would like to trade only stocks, so for creating account with zerodha is income proof essential ?
I heard it is needed only for futures and options?
Not required, income proof only for F&O
How to map any existing demat account with zerodha trading account?
Send a copy of your client master report of the demat account.
I’m jithin from Kerala. I’m having a state bank of Travancore(SBT) bank account and soon I will get my pancard. I would like to know if that is enough to open an demat, trading account and start trading with zerodha?? What else I need?
In Kerala zerodha office is in Cochin.
So if I’m going there they will provide trading account and Demat account? How many days will it takes for me to start trading if I apply?
Yes, you can visit the cochin office, account will be opened in 48 hours from when we receive the forms in Bangalore.
I read procedure for opening account. What I saw at one place is the complete procedure is online and in other place you are saying that we ll have to send physical form and scanned documents by post. Whats the matter??
You can just pre-print the form online. You can also request for us to courier you a pre-filled form for signature. But account opening can’t be still done completely online.
1. Is it necessary to provide cancelled cheque? 2. What is the procedure of a/c open fees payment? a.Cheque. b.Online payment.
1. if not cancelled cheque, then a bank statement with ur name and IFSC code.
2. Either cheque or online payment works.
One more issue. I checked your security of changing password. I got, when one clicks on forgot password, he/she is asked to write thre things
1. Userid
2. Email
3. PAN no.
And filling this right can let you reset your password.
But dont you think userid, email, PAN ID is easy to find…means not that difficult… isn,t it risky??
Password goes to email which only the registered user has.
I am a student. I have account in bank. But don’t have source of income. There is money in my bank but that is not mine. Then what should I do to open demat account. How can I give you income proof. Or any other ways..please explain. thank you
Income proof is required only for trading futures and options. Not required for trading stocks or opening demat account.
Within how many days will the forms be delivered? And, I can’t find an option to review the forms as stated in the priority registration. The only option available is to “go back to form” in the top end. And, I could not find a provision to upload my bank statement as income proof.
Getting someone from our sales team to call you.
Hi,
I have just completed my online payment for ZERODHA Equity Trading and Demat Account. I have not paid for the commodity Account which is still being displayed on the payment page as I have not opted for that. What are the AMC for Equity Trading and Commodity after the first year?
Demat account is Rs 300/year, nothing for trading and commodity.
Hi ,
Is there any requirement for monthly salary/minimum money which should be in bank account statement for last six months. I want to know this because I am starting new work and may not have lot of money in bank account.
No minimum amount
sir,
southindian bank savings account can connect with zerodha demat account?
You can do a NEFT/RTGS, the payment gateway is still not available.
Hi,
1. I already have a demat account with HDFC .Can I transfer it to Zerodha?
2. If not, then is it mandatory to open a new demat account through Zerodha for buying and selling equities on delivery basis?
3. If it’s mandatory , then how long it will take to open the demat account & complete the other processes so that I can start the equity trading?
1. No
2. Yes you need to open a new demat
3. If all documents are correct, 2 days from when we receive the forms.
AMC charges include demat account opening and maintenance?
You should give a table showing these charges, because the present page is not exhaustive.
For non-DP case:
A/c opening 300 and no AMC?
For DP case:
A/c opening 300 and AMC of 300 p.a.?
Yes and Yes
Hi,
Two days back i applied for online account opening and paid online (Rs 450) as well .
Can i cancel account opening request and get refund of the amount paid ? As i have postponed the plan to open account at present due to some unavoidable reason.
Regards,
manjula
Can you email [email protected] for this.
How many cash to trade commodity
Check this: https://zerodha.com/margin-calculator/Commodity/
I am KYC compliant. So to open Trading and Demat account, I only need to send the signed forms along with cancelled cheque and Rs.300 cheque. No need to send address proof and Pan card copy? How many photos?
Yep, you don’t need to send address/PAN, but it is preferred. 2 photos if trading and demat, 3 if commodity also.
I want to open a trading account with zerodha for option trading, I have all the documents but I have join account in corporation bank. Can I open the account with join account.
Thanks
Imran
Yes, you can. Do speak to our sales team.
Annual maintenance charges for the first year is INR 300/-. How about 2nd and coming years?
It’s 300 from second year onwards.
Sir,
I do have a bank account statement for last six months but i rarely use my bank account , so can i attach my ITR-V as income proof as i want to trade in F&O.
Right now i am trading through Edelweiss but they want me to deposit advance brokerage again after i utilized my previous advance brokerage, so i want to know, Do i need to deposit advance brokerage in zerodha for trading or is it as per some bill cycle like weekly or monthly.
Thanks in advance.
Pankaj, we don’t charge any advance brokerage. At the end of everyday, the contract note will have brokerage charges for that day.
And what about the issue of bank statement, can i attach my Income tax return as income proof for trading in F&O.
Thanks.
Yes you can.
Cheers…!!
I,ll open the account as soon as i close my current trading account.
sir,
i have opened an account in zerodha. but i have received a call from your executive that the mininum amount(i.e funds) required to transfer from my account to zerodha account is Rs.5000/-. is this amount mandatory now? kindly give a reply so that i can go forward.
Thanks.
No Ram, there is no minimum money required. You can transfer and trade with as much as you want.
Hi ,
I already have a demat account , i want to open a trading account , i have a bank account without cheque book, is there any other document that can be submitted instead of a cancelled check? and can i pay account opening and amc charges online?
Thanks
Account opening and amc can be paid online. You can send a bank statement (original or attested) instead of cheque leaf.
Hi,
Please provide the address where we need to courier the documents and proofs. Currently residing in Chennai.
Thanks
You can courier it directly to our bangalore office
#153/154 4th Cross Dollars Colony
Opp. Clarence Public School
J.P Nagar 4th Phase
Bangalore – 560078
sir,
I want to trade (Options) in my wife’s name. she is a housewife and has no source of income. i am a govt employee and is high on taxes. can i give her some money on monthly or yearly basis, where she can trade. pl guide
Yes, you can gift money to your wife. She can do anything with that she wants.
ok.
She does not have PAN and her earnings will only be the gift which i give. is this sufficient to open an account with you?
She will have to get herself a PAN, and you can show bank statement as income proof.
hello sir.. if i want to trade only in equities (long term, short term, intraday) , do i still have to give income proof ?
Is cancelled cheque mandatory ?
Yes, the cancelled cheque acts as a proof of your bank account and also helps us capture the MICR/IFSC which is required to initiate online fund transfers.
Hi ,
I am a first time investor , I want to open demat account with RGESS option enabled . Is it possible to open RGESS demat via zerodha ?
What are the account opening/brokerage charges for demat – is demat life time free ?
Thanks
Tinku
Currently no. Account opening is Rs 500, brokerage charges are 0 at Zerodha for investments. AMC is Rs 300.
Is it available now?
The RGESS tax benefits will end on 31st March 2018. We’ve stopped opening such accounts Ankit.
Can I drop by Andheri mumbai office. And fill the application form and provide necessary documents proof?
What are the charges of person picking up documents from home. Will he verify on pick up?
Yes, you can. If someone from our team has to pick up the documents, it’ll be an additional charge of Rs.100. Your Sales manager will verify the documents, the pickup person will only collect the forms.
Eod means ? Any way how long this will takes?
The changes have been made. You’ll received a copy of your Client master report with the name changed.
I have opened an account few days before, in my profile my last name has mentioned in place of first name , where first name in place of last name, as I realise in my pan card database my name was mentioned as above said manner (ex, kamath nithin) but on my pan it was written correctly (ex, nithin kamath).after realising I have applied for my pan database correction, now my name is in write format in database of pan. How to change in my trading account profile. I request to check by yourself in trading account and demarcation also, I don’t have trust in u sales manager. My accont dr5132
We’ll have this updated by eod.
I already have a Zerodha account. Just wanted to check if we have an option of paying lifetime AMC charges which may be between 1000-3000 rupees to avoid paying monthly or yearly.
Please consider it as a suggestion if such option is not there.
Thanks
Deepak
Not there presently. Maybe we will add in the future.
Hi, Following charges are appearing in my Q Ledger today – ‘Being AMC charges for Zerodha Demat account for FY 2015-16 ₹123.28’
However, I couldn’t find any mention of these AMC charges in the article above.
The charges you see above are account opening charges. The account opening form you signed would have had the AMC charge as well.
here I found that amc is required, but I heard that no amc is required to maintain demat ac… i m totally confused. pls clear me
There is AMC for demat account. I don’t know where you heard that it isn’t.
What will be the charges for movements in demat account
We don’t charge anything to transfer into the demat.
I am very exited to open account with zerodha, but after confirmation from zerodha that documents are received my demat account is not yet opened. You guys say that it takes 3 days to open an account but its already 15 days.
I am guessing there was something missing on the account opening documentation. Best to send such queries directly to [email protected]
I want to open a trading + demat account for my Wife.
She does have a PAN card and a savings account with AndhraBank.
However, for address proof and income proof, will you accept my POA and Salary Cert (or) my bank statement along with our marriage certificate?
Thanks & Regards,
Hemanth
No, for income proof we will need something from your wife. Maybe her bank statement for 6 months.
Sir I sign up account opening form by my fathers email
which I use .I have printed the form and paid online payment
will it cause problem. Can I change email after account
opening. Will my form be rejected.
Sir I sign up account opening form by my fathers email which I use .I have printed the form and paid online payment will it cause problem. Can I change email after account opening. Will my form be rejected.
Mr Nitin
I want to open trading acct with zerodha as i am a retired person i cannot give monthly income but only bank statement. Can i get membership.
Thanks
Yes 6 months bank staement
Hi,
I am interested in opening a zerodha trading + demat account and transfer all my equities from my existing icici direct account. I have few questions. Will appreciate if you could please answer them.
1. I want to completely close my existing icici direct account as the charges are high. However, I have also purchased bonds and corporate fixed deposits in this account in addition to mutual funds and equities. As I understand, the equities can be transferred to a new demat account. But can the Bonds, Mutual fund units and corporate FDs be transferred as well?
2. Are there any charges to transfer all the above financial assets into zerodha account? Will ICICI direct charge me for transferring out these assets? (I know ICICI direct is right entity to answer, but just asking..). Are there any charges to sell the equities after having transferred them into the newly created zerodha demat account using the associated trading account.
3. I live in Bangalore, so can I just drop by your Bangalore office with all necessary documents and open the account the same day?
4. I also am the joint holder in another demat account (again ICICI direct) with my spouse. We would like to close this demat if possible. So can we transfer the assets from a jointly held Demat into one new demat (possibly singly held)?
Thanks.
1. As long as what you have in demat is exchange traded, you can transfer them. So bonds, MF (if bought through star MF), corporate FD’s no.
2. If you are closing your account, they will transfer for free. But if you are just transferring, there is a charge.
3. Yes.
4. Yes
sir ,
can u add Bank of Baroda (retail) in your express funds pay in facality ?
If yes,what time?
The instant payment is facilitated through a vendor, we’ll check with them the possibility of adding BoB to the list of banks.
What is the minimum value of the stock holding that is required to be used as income proof?
For example, min. value should be 25k or 50k or more.
Pls specify.
There’s no minimum as such. They’ve to coincide with your trading volumes in the F&O segment.
So Can I simply open trading platform but use my existing Demat account with you. I happen to have an existing Demat account with Kotak Securities. Can I connect that demat account to your trading account?
Yes, you can link your existing Demat account with your trading account at Zerodha. However by doing it, you’ll only be able to purchase shares through Zerodha. You’ll have to initate all your sell transactions through your other broker where you have the demat mapped. In order to be able to buy & sell through Zerodha, you’ll have to open a demat account with us. Additionally, you also get the benefit of buying & selling Mutual funds if you open a Zerodha demat account.
I am an applicant of Demat and Trading Account.
(1) I have duly filled the online application form and paid online Rs 300/-. I’ve got the payment confirmation email as well. Still When I relogin and redownload the form, Website shows a figure of Rs 300/- to be paid.
(2) I am sending alongwith the signed application form(Printed back-to-back), self-attested copies of the PAN Card (Proof of Identity), Driving License(Proof of Residence), Bank Passbook(Proof of Correspondence Address), Income Tax Assessment order(Prrof of Income), Cancelled cheque, 6-months accounts statement. Is that sufficient? Will the self-attestation of the document serve the purpose?
(3) What is the address to which I have to speedpost the document?
1. Will get someone to check, but do send the forms, we will figure out why it was not showing.
2. Yes it will. However if you are not already KRA compliant can you get the bank statement notarized by Notary Public, Gazetted Officer, Manager of a Scheduled Commercial/ Co-operative Bank or Multinational Foreign Banks (Name, Designation & Seal should be affixed on the copy).
3. #153/154, 4th Cross, Dollars Colony, Opp. Clarence Public School, J.P Nagar 4th Phase, Bengaluru, Karnataka 560078
Hi, I do maintain a savings bank and demat a/c with IDBI bank and would like to open a trading a/c with Zerodha mainly for equity segment. My query -can this demat a/c be linked with trading a/c with Zerodha?
If you link, you will be only able to buy through us. You will still have to sell through IDBI. If you want to buy and sell through Zerodha trading, you will need to open a demat with us.
Hi Nithin,
I have salaried account with HDFC, I would like to trading from ZERODHA. whether I need to open demat account with HDFC or ZERODHA. How does it affects my if I doing trading from form HDFC or do I need to open a new bank account for trading. Please a clarity on this
You’ve to open a trading & demat account with Zerodha. At the time of account opening you will have to map your existing HDFC bank account to your trading account and then transfer funds from your bank account to trading account for buying & selling. There’s no need to open a new Bank account.
Hi,
Can you please let me know the complete list of documents required to open a demat account and trading account for an NRI? I have recently opened an NRE savings account with HDFC bank. How can I link that bank account to this trading account and what are the maintenance charges?? I would like to trade in Equity and F&O.
Waiting for you reply, thanks.
Check this post: http://zerodha.com/z-connect/zerodha/open-an-account/nri-trading-on-indian-stock-exchanges
hello sir
my query is demat account is compulsory. i m trading in only intraday in equity cash segment.
thanks
Yeah, some demat has to be mapped to your trading account. You could map any of your existing demat.
Do you provide off-the-market sale/gift transfer facility?
Yes.
Hello Zerodha.
What are the annual service charges of trading + demat account?
Thanks.
Trading account has no AMC. Demat is Rs.300 AMC
Hi
I had open SBI bank account in IISc bangalore branch during my studies but I do not live there now. My passport address is also the same. Currently, I am living outside India as a temporary worker. Pls suggest me how should I open an account on-line. Back in India we do not have our own house, as complete formalities are not done, so I do not have a address proof over there.
Hi, what is the yearly maintenance charge (for second and consecutive years) for the demat account?
Rs.300/year.
Thanks for reply Venu but you forgot to answer 2 points in my previous question.
1. Do you offer lifetime free Demat account now? Last year you replied that you are soon becoming a depository and then you will provide it.
2. What are the differences in charges of normal demat vs BSDA Demat? Any link for comparison on your site?
Thanks
Hey Gaurav,
I thought I already did.
1) AMC is Rs.300. No free lifetime demat.
2) The difference is only in terms of AMC. Again, its been explained in my previous reply.
Hi Nitin,
I also asked this question last year. Do you offer lifetime free Demat account now? Last year you replied that you are soon becoming a depository and then you will provide it.
Secondly, I have one demat but I want to close it and opt for BSDA. Can I open BSDA first and then transfer shares and then close the old account. The old account is not BSDA but it is lifetime free with Master Capital.
What are the differences in charges of normal demat vs BSDA Demat? Any link for comparison on your site?
Good to see that now you have office setup in Chandigarh also. I will try to contact your local office too.
Thanks
Gaurav
Hi Gaurav,
AMC is Rs.300 p.a
You can’t open a BSDA while the other account is opened. Here’s what you’ll have to do. Open a new regular demat account at Zerodha. Transfer securities from your other demat account to your Zerodha demat account.
After transferring the securities, opt to convert your regular demat account to a BSDA account. Note that the value of holdings should be < Rs.2,00,000. AMC on BSDA is as under: 0-50,000 = No AMC 50,000 - 2,00,000 = Rs.100 AMC > 2,00,000 = normal AMC is applicable
You can get in touch with Karthik while you’re at our Chandigarh office who can help you get started. Good luck
Hi,
I had a demat account with HDFC and i had not even entered the login. Hence i closed the same 2 years ago. Now i interested to create a trading account. Hence can i open a BSDA with zerodha now?
Apart from the AMC charages being 0 untill 50k and so on, is there any difference with the normal account when compared with BSDA account? The services you provide, the brokerage charges you apply?
Yes, you can open a BSDA account at Zerodha. There’s no difference in service between a normal/BSDA.
Hi,
Correct if I am wrong.
Trading and Demat Account.
-> Account opening charges(for both, when forms printed ourselves) = 300
-> AMC(demat) = 300 at the end of year
-> AMC(trading) = free
-> Brokerage(equity) = 20 flat on delivery
e.g. I buy 100 shares of 100 each
I pay 10020 + plus small taxes
and when I sell 100 shares at 200
I get 20020 + plus small taxes
What does delivery mean here?
Brokerage for delivery is free now. Delivery is when you buy stocks and sell it next day. If you buy and sell during the day it is called intraday. For intraday we charge 0.01% or Rs 20 per order whichever is lesser.
Hi Team
Do you allow BSDA account for people who are yet to open an account in zerodha ? if yes, then what amount i will have to pay as advanced AMC for a year when i first open the demat account.
Thanks
Yes we open BSDA account and the break-up of AMC is as mentioned below.
Up to RS 50,000 worh of stocks in your demat account no AMC.
If it is more that Rs 50,000- Rs 200000 the AMC is RS 100.
Above Rs 200000 normal AMC will be applicable.
Thanks Venu.
Could you please confirm the charges for opening Trading + BSDA +Commodity accounts all together if i print the forms and also if you send the forms through courier ?
Hope no other yearly AMC charges apply other than the one mentioned in above BSDA ranges .
Hello sir i have recently opened account with zerodha. while transfering fund option list did not show my bank i.e. bank of baroda. when i call customer care they said i have to change my bank for fund transfer. while opening account they did not ask me about bank. so pls tell me sir what can i do now?
Sunny, you can do NEFT/IMPS to transfer funds to the trading account. Details mentioned here: https://zerodha.com/funds-transfer
I’d like to open an equity options trading account with you. I already have a 3in1 Canara account. Can the existing Canara Bank account be mapped to Zerodha?
Will there be a POA for the bank account or are funds transferred to Zerodha and there will be no POA? How does this work?
No POA on bank account, you transfer money whenever you wish to trade and withdraw it yourself. You can map your canara bank account and best if you open a new trading and demat with us. If you map your canara bank demat to our trading account, you will be able to only buy shares from us, selling you will have to do with canara bank itself. If you are doing only F&O trading, only trading is enough.
I am 17.i will turn 18 on july 2016.i want to trade options and futures but as i am a student i don’t have income proof.it is only my pocket money i get from my parents.and since i want to trade from very beginning of 18 years my bank account will not be of six month.so what about my address proof and income proof
If you don’t have a steady source of Income, we’d advise against you trading in F&O. It’s compulsory to provide an Income proof to trade in Derivatives. Bank Statement can serve as address proof.
Charges towards opening Trading and demat account is
forms if I print myself = 300rs
AMC for first year = 300rs
total = 600 rs
Correct if I am wrong.
Also what would be the AMC for subsequent years?
While opening u just have to pay Rs 300. AMC of Rs 300 will be collected at the end of every year.
Do we need to fill exactly the same address as mentioned in the address proof (aadhar card in my case). Because in my address proof the S/o part is missing. I would like to include that in the address. So are minor additions (no changes) allowed?
Yeah Gaurav, best to mention address as it appears on the proof.
Your idea of zero brokerage on delivery trades is appealing. I am keen to open such account.
I have a demat account of CDSL and have trading account with IIFL. Do I need to open demat account again ? The demat account was opened through IIFL.
Also I am unable to get info about annual recurring charges or AMC, please provide the same.
Manish, you will need a new account. Rs 300 is the AMC. You can open an account through this link: https://zerodha.com/open-account
sir i will like to know whether there is any alternate document for cancelled cheque to open trading and demat account….
and can i link for sbi account to transfer online funds in zerodha trading account …
You can send an original/attested bank statement which mentions IFSC/MICR and bank account number.
If I open only trading account with zerodha and link hdfcsec demat account, while selling only brokerage & transaction charges from hdfcsec apply right? Will there be any charges from your side ?
Also what is dp debit instruction of rs 20?
Yes, no charges from our side.
DP debit charges are levied when you sell shares and DP has to debit your account for meeting obligation.
sir- I would like to open Trading cum DEMAT a/c with Zerodha. I have an Bank a/c with City Union Bank Ltd, can I link it with Zerodha?.
Yes you can Anu. We have city union on our payment gateway. check this: https://zerodha.com/funds-transfer
At the day end will the extra funds lying with zerodha be transferred to my linked bank account automatically or it has to be done every time.
No. You’ve to request for withdrawal whenever you wish to withdraw money from trading account to Bank account.
Sir zaroda ka lifetime amc charge kya h
Per year Rs 300.
Hi,
I read all the comments and mostly it solved all my concerns but still i have some doubt which i need to ask :
1. AMC : first year it is waived off , from next year it is 400 per year ?? Will it be charged at the start of 2nd the year of at the end of 2nd year.
Also i read AMC will vary according to my transactions , what is the maximum AMC do i need to pay ?
2. If i do IMPS for money transfer, will it be chargeable ( Rs 9 which you mentioned ) ?
3. Do you provide Client Based Margin Trading ? If yes what are the charges ?
4. I want to close my current Demat account and open a new fresh Demat account with you, but as you don’t support MF as of now, is there a way out to hold MF ?
1. If you’re opening a demat account at Zerodha, AMC is Rs.300/year which will be collected at the end of the Financial Year on pro-rata basis. AMC has nothing to do with transactions.
2. Zerodha will not charge you anything for such transfers
3. Not yet, but we’re working on providing this facility
4. You can hold MF’s in your newly opened Zerodha Demat. Btw, we’ll be offering the MF platform soon.
can u tell me xerox of passbook copy will be enough for a bank state or i have to go branch and ask for bank statement.
Can we use online 6-month bank statement with logo for income proof, as well as in place of cancelled cheque?
Yes Gaurav, as long as the statement has MICR and IFSC details on it.
Can I use my college hostel address and corresponding proof for opening the account, I will use aadhar/passport as the address proof.
No. Hostel address isn’t accepted, we don’t dispatch any hard copies to your address, so you could use your passport/aadhar address to get your account opened without any hiccups.
Hi,
I have my demat and trading account with ICICI Direct. Can I open a trading account with Zerodha and use the existing demat account? If yes, what will be the procedure for this.
Regards
Yes you can map and trade F&O seamlessly. But if you are planning to do equity delivery trades, you can buy with us which will be sent to your icici demat, but you will have to sell using the ICICI trading account. To open account visit here :https://zerodha.com/open-account
yesterday I have applied for demat and trading account via online and also done the payment of 400 . As the standard payment method still i doesn’t receive the mail of application which i want to print and send back . when will u send the filled application form, I’m waiting. Is it take more time to verify the uploaded documents and send the filled form?
We are on a holiday, someone will get back by tomorrow.
Oh okay ok, Thank u for ur reply
Hi, I want to open a demat and trading (F&O, Commodity) account for my wife. She is not working, but do have a saving account. Her account for above will be funded by me. So will it be fine if I am providing her last six month bank statement. Sujeet
No, you will need to provide her 6 months bank statement.
sir i have a religare demat account. can i opena trading accuont through zerodha.
Yes. Call on 08049132020 and one of our Sales managers will be happy to help.
I’m pursuing final year of my UG, is it ok to start trading to earn money. I might satisfied with very small profitable income and i can’t invest huge money here , so what should i do now? i need total guidance
Yes, starting early is a good sign 🙂 You can learn more on the markets on Zerodha Varsity here: http://zerodha.com/varsity/
Thanks for ur replies. two more queries…
1. I’m not from even semi-urban centre. Will u surely make my account as soon as possible if i send the application form along with all required documents?
2.I have printed trading and demat ac application form. In form filling i have some doubts so… shall i leave the doubtful blanks?
1. Yes, if all the documents are in place, your account will be opened within 48 hours.
2. Do get in touch with one of our Sales managers by calling on 08049132020 who’ll help you with any doubts that you may have.
after reading many comments yet i have no idea about trading process . will u explain in brief
http://zerodha.com/varsity/ is a good place to get started.
Hi Nithin,
I am trading on DEMAT account with ICICIdirect.com linked with the ICICI bank on the name of my wife, since 2007. I would like to link the same with zerodha for opening trading account (Equity, F&O & MCX). What all documents are needed to do the same. Will I be able to do delivery based equity purchase and get it transferred to my DEMAT account of ICICI. Or do I need to open a separate DEMAT account with your firm. Please advice on same.
Yes you will be able to do equity delivery based buying which will get credited to ICICI demat. You will have to sell using them. But I would say it is best to have both buying and selling with us, you will be able to make use of all the reporting facility we have. Documents required is as mentioned in the blogpost above.
Thanks for an early reply. However would like to clarify further as to whether i need to close my current demat account at icici so that i open with zerodha. In case I just open a trading account with zerodha and link it with icici then do i need to provide you with all the requisite documents as in case of demat account. kindly clarify.
You need not close your ICICI demat to open your demat account at Zerodha. The only reason we recommend closing existing demat is to ensure you don’t pay AMC unnecessarily and also transfer from one demat to another becomes free.
In case you still wish to link ICICI demat, then you can only buy from Zerodha. You’ll have to initiate sell transactions through ICICI. In such case, we will require you to send us an attested copy of the Client Master Report (CMR) of your demat account.
dear venu,
I did not understood your statement that transfer from one demat to another becomes free. Also to open only trading account and link it with icici. how do i go about it. I don’t think I have client mater sheet or how do i get it. Which form should I fill in to open the trading account with zerodha and map it to icici demat.
When you transfer shares from one demat account to another, you have to pay a fee. But if you are going to initiate transfer by choosing to close your account at the same time, shares will be transferred without any fee.
CMR, please request your DP to give you this. You need to send us the hard copy of the CMR. Please call us on 080-49132020 and one of our sales managers will help you with your account opening.
Hi,
I have been investing in quite a few MF. Is it possible that I open a Trading n Demat account with Zerodha and use it for MFs? Can I get my existing MFs added into new demat account?
This will help me track all the MF – existing and new.
Also, can you clarify the total charges to open a account? On the top of page its mentioned :
If you use physical forms: Rs 400 in favor of “Zerodha”. If you print the forms yourself: Rs 300 in favor of “Zerodha.” Annual maintenance charge (AMC) for the first year towards your demat account is Rs. 300/-
So, if I get my own prints, is it Rs 300 account opening charge and Rs 300 AMC, total Rs 600?
Please advise and clarify.
Yes, we would be offering MF services in the near future which you can hold in your demat account. You can also get your existing MF’s into your demat account.
You’ve to pay Rs.300 initially. AMC for the first year is waived off.
Hi Venu,
By when can I expect the MF service? Is there approx timeline you have?
Once you start, what would be process to get the existing MFs into demat, do I need to submit certificates? For e.g I have few UTI investments, how to get thrm into demat?
We are hoping by month end. Existing MF’s to demat hmm.. we haven’t thought about it yet.
Hello, Is the first year amc waived off now also?
No, we charge 300 at end of year.
Dear Nithin,
Actually I am asking this second time. I am unable to search under which heading I posted this query first time. I lost that link also which was describing that account. Query was regarding that 3-in-1 account that company was offering, which was mentioned in the link , not related to broking banks. That account was linking our trading account to our existing bank account in which excess funds are transferred to banks at 3.25 pm so that clients enjoy bank interest as well as clients will not suffer from unavailability of margin.
Secondly , I request you to start margins against demated mutual funds units so that we can play low risk option strategies in our accounts.
Thanking you.
Since we aren’t a bank it’d be difficult to transfer funds to your account and you transferring it to back to your trading account everyday. There’s time and opportunity lost. The experience will not be seamless.
Margins for demated MF- we’re working on it.
Dear Mr. If I am not inquisitive, I would like to know how do you manage such a big team without brokerage income. Let me know if there are any hidden charges, what is the AMC? and other recurring charges over the years. Regards.
Hi Nithin,
I want to open a trading account and demat account for equity delivery based trading.
What all document do I need to do the same
I am unemployed for last one year,so how can i apply for an demat account with zerodha without income proof. Can my IT returns acknowledged copy for assesment year 2015-16 serve the purpose to open both the account?
Dev, if you are doing only equity trading, there is no need of income proof. Income proof is required in case of trading futures and options only. If you want to trade F&O, yes the IT returns acknowledgement copy will do.
Thanks for your response.
So what I understand is, if I want to do equity trading and get those stocks delivered to my demat account( a demat account which I want to open with Zerodha) , I do not need any income proof. I can open a trading and demat account with Zerodha for equity based trading without any income proof.
How can I upgrade it to F&O trading account later…What’s the procedure?
There’s a segment addition form: https://www.dropbox.com/s/m4qhwxuu6gi2nch/Addition%20Segments.pdf?raw=1 You’ve to sign and send this along with a copy of your income proof
Hi Venu,
Thanks,
Now in the account opening form they have asked for Depository account details what are the details I need to provide?
In Zerodha tariff sheet…What is the client ID? what do I need to fill up there and what is the effective date I need to put in there?
Regards,
Dev
I want to open trading & demat account for equity delivery only. I have axis bank saving account.
What supporting documents do you need except zerodha application form ?
1) self attested pan card photocopy ,
2) Voter ID card photocopy &
3) cancelled bank cheque for proofs.
You do not need bank statement as I will open only equity delivery account. right ?
Another question,
how you will do the IPV ? Any other way except skype ?
Photographs will be required additionally on the forms. We don’t need any bank statements as long as the cancelled cheque you’re giving is personalised.
Let us know where you’re located, we can schedule an IPV accordingly.
what are the documents required to trade in futures and commodities.
Same as mentioned above in the blogpost, PAN, Address proof, Income proof, photos.
i want to open Dmat& trading account with zerodha, could you tell me how many days will the total process take and i want to open commodity account as well.
Within two days from when we receive the complete forms.
Can I change my linked bank account later?
Yes you can, Using change of bank letter here: https://zerodha.com/downloads
Sir i have opened SB a/c with ICICI Bank 2 years back, i have not transacted any thing in that account since 2 years.Now 2 days back only i have kept Rs.50000/ in that a/c.Is it ok for account opening.
Yes.
Yes, it’ll suffice. If you’re giving us the Bank statement as proof of income, you’ll have to give a 6 month statement.
Hi. I am a starter in stock market and I want to open only a Trading a/c for now. Earlier I have downloaded and printed a copy of application form version 3.x . Is that still works or shall I have to download and print latest version ? IS the fee for only trading a./c still Rs200.??
Thanks
Srinivas.K
Yes, the earlier trading account form should do, and yes if you have printed it is only Rs 200. Best to speak once to our sales team.
I want to open trading & demat account.
1 ) I don’t have kyc how you will do the IPV for kyc
2 ) can I send self attested pan card xerox , aadhar card xerox & bank account statement xerox for proofs
Hi Nithin,
This is not a query but a vote of thanks which I wish to express. Your firm is really doing a great job, yes its a low brokerage rather I should say lowest brokerage charging firm, but then I was more impressed by the way you have reduced down the costs, letting people courier their own forms and then filling up at your offices on their behalf, thus saving a lot of man power and fuel etc.
I have read about you recently and really loved how you yourself have grown since 2006 till now, here I was so much impressed again that you are replying to each and every query of the users yourself. Wish to someday meet you in person if that is at all possible.
Wishing you great success and growth. And of course wishing your employee cum friends a great career with you.Keep rocking.
Thanks,
Shivam
what is the personalised cheque demanded by zerodha for account opening
We ask for a cancelled cheque as a proof for mapping your bank account to the trading account. If you are opening trading and demat, the account opening fees is Rs 400 (if we courier u the form), Rs 300 (if u print the forms).
Thank you for prompt response 🙂
Hi… i am planning to open trading & demat account with zerodha
My quesry is , i have hdfc demat & trading account, now i want to open trading account with zerodha and want to use existing hfdc demat account, plz advice. Will i face any problem if i do like this or do you want me to open both accounts with zerodha…. plz explain if so
FYI, i am about to send my documents
If you aren’t doing equity delivery based trading, you can map your HDFC demat to our trading. But if you are doing equity delivery based trading, it is best to open a new demat with us. If you map HDFC, you will not be able to sell stocks that get transferred to HDFC demat through us. Also, all our P&L statements will not make much sense to you then.
Hi Sir,
How to get my referral ID to introduce my friend?
Your client ID is your referral ID. You can refer your friend through this link: https://zerodha.com/associate or by logging onto q.zerodha.com
Hi Sir,
One of my friend wants to open account in ZERODHA for all segments Equity, Derivatives and Commodity. But he has bank account with just 3 months old so please let me know whether we can use 6 month Salary Payslip for Income Proof instead of Six Month Bank Statement. Otherwise he has all the documents properly PANCARD, AADHAAR, VOTER ID, etc.,
Dnesh, just the latest 1 month salary slip will do as income proof.
Hi,
I would like to open an account for Equity trading only still I have show my income proof documents.
Thanks.
Income proof not required for equity trading.
Hello Nithin,
I’ve printed and filled in the application forms (one for the trading account and another for the demat account. Please could you assist me with the following barrage of questions? 🙂
1) Do I need to print out the document titled “Annexure” and include it in the mail package?
2) Where should I mail the documents? Do you have a location in Mumbai where I can send them?
3) Can I add a nominee later? If so, can this be done electronically or does it require a hard copy of the document to be mailed again?
4) The Zerodha application page informed me that I need to include Rs. 300 (200 for the trading a/c and 100 for the demat a/c opening charges). Is this the total value of the cheque to be enclosed? DO I need to add anything for the demat a/c’s annual maintenance charges?
5) Can I transfer my holdings from another demat a/c to Zerodha? If so, what are the applicable charges (if any)?
Regards,
Farsheed
Missed a couple of questions:
1) There is a section in the application form that asks for the depository account details. Do I need to fill this in (I am applying for a demat a/c)?
2) The tariff sheet asks for a client ID. What do I need to enter here?
Here are the answers for your missed questions:
1. Nope. Don’t fill those details. They will be populated by our Account Opening team.
2. Again, leave it blank. It’s going to be filled after your account is open.
Our answers, Farsheed. No problem with the number of questions. 🙂
1. Nope. No need to print the annexure. It’s just for your information.
2. Best is to send it to our processing center directly in Bangalore
#153/154, 4th Cross, Dollars Colony,
Opp. Clarence Public School,
J.P Nagar 4th Phase,
Bangalore – 560078
3. Nominee can be added anytime, but we need the physical form. Regulations state that we need to collect everything in hard copy.
4. Yes, that’s the total amount you need to send for account opening. AMC is charged at the end of the financial year at Rs. 300 per annum.
5. When you transfer shares from your existing demat account to Zerodha, you’ll have to pay your existing DP. Zerodha doesn’t charge anything for receiving these shares. If you are closing that demat account you should be able to get the transfer done for free.
Thanks Hanan! Much appreciated! 🙂
Sir.. I am already having trading account with zerodha .. now I would like to open a commodity account to.. should I apply again with all documents…? Or can I just add it along with my trading account by paying cbarges…
You’d have to sign and send us the commodity forms. No need of sending documents. Account opening charges would be Rs.200. You can download the forms from here: http://bit.ly/1iwIeBS
Do mention your mobile number & email ID on the form along with your existing trading account code.
Hello Sir,
I have known that you have opened branch/ centre at Durgapur, westbengal. If yes please send me the exact location and contact no of the centre.
Thanks.
Amiangshu.
It is a sales center, not really a branch with dealing terminal and all. You can find details here: https://zerodha.com/contact-us
Hi,
I want to open an account for trading in FNO only – Trading Account.
I have queries for documentation required:
ID Proof: PAN Card
Address Proof: Bank statements
Income Proof Bank statements
The bank statements above – do they need to be the stamped bank statements from the bank or can I take my PDf statements received from the bank (I have stopped physical statements) and attach them to the online form? If I do that, do I have to again send you print of the statements with the physical form?
I have two accounts, one is my salary account, and one is the account that I use for my daily transactions. Do I need to give the Salary account statement? Or both? or just the normal savings (non salary) account statement will do?
The cancelled cheque has to be from my account where I want the funds to be deposited from Zerodha? In that case it will have to be my non salary account. So the same question of which bank statements doI need to give and a cancelled cheque from which account?
What other cheques do I need to send with the form? and for what amounts?
Also, I tried calling the customer care, but hung up after 6 minutes waiting. Please answer soon.
Regards,
Rahul
If the PDF statement has logo on it, that should be enough.
Since it is for income proof also, send the salary account statement
Yes, cancelled cheque has to be from the bank account you want to map to your trading account.
Other than this 1 cheque for Rs 200 if you are printing the account opening form. Otherwise Rs 300.
We don’t work on Sundays, and half days on Saturdays.
Hi Nithin,
I have filled in the online form and also paid Rs. 350 ( I thought it was 300 as you said, anyways) through PayU gateway online.
Now the process as I understand is that I will get the form from you guys through courier and I just haveto sign and send it back.
Are there any other documents I need to send with the form? Also, since I have already paid online, I dont think the cheque will be required, except the cancelled cheque, of course. Please confirm.
Also, please let me know if I can expect my account to be live by Wednesday-Thursday of this week.
Thanks,
Rahul
Rahul, yeah if you have paid Rs 350, we can fill and courier u the form for you to sign and send back. But sending u the form and u sending back might take some time. If you want this faster, best would be to get your sales manager fill the online form for u, u print it and send it back. We will open the account within 24 hours from when we receive if all docs are proper. We will need a copy of PAN, address proof, and Income proof (salary slip, bank statement, form 16 etc).
Hi,
If I wish to open only trading account, I shall be charged 200/300 as mentioned on your website?
I already have a Demat Account (which shall be mapped with the trading account opened by you) and when I purchase delivery based shares, do the shares automatically gets credited to mapped Demat account or remain in the pool of shares held by Zerodha?
If the shares are automatically or request based credited, does Zerodha Charge any extra amount for crediting shares to my Demat?
P.S. – Any amount charged by DP of My Demat will be my responsibility and I wish to understand the charges levied at your end.
Shares are automatically credited to the mapped demat, and we don’t charge anything for that.
Hello sir,Reg AMC charges at what month you will charge AMC charge for demat account???Already you answered as “end of financial year”.That means December or any other month?
March 31st on a pro rata basis.
hi , i wanted to know how do we have to pay the charges of ILFS demat account which is linked to zerodha trading account? charges like the annual maintenance charges and other charges like rs.13 when shares get debited from our demat account. will these charges get debited from our trading account or will they get debited from our linked bank account or is there some other way ?
The DP charges get debited from your trading account. U can send an email to [email protected] asking to debit the AMC also.
I want to open a trading account and BSDA(under 50,000).
1.Can you tell me the total charges?
2.I am currently studying in a college and live on rent outside my hometown.I do have proof of my hometown address.So will the hometown address proof suffice?
3.Can the account opening forms be couriered to my present address(not hometown)?
Thank You.
1. We don’t currently offer BSDA account. Open a normal account, it will be better. Rs 300 if u print the forms for trading and demat.
2. Yes
3. Yes, but it is best u print, sign and courier back us the form.
is there any branch office of zerodha in odisha ? Can i open account from here..?
Yes, and yes you can open account there. Check this: https://zerodha.com/contact-us, it is our partner setup.
Dear sir,
can u please tell me what the reason behind broker asks for six month bank statement and minimum INR 10000 in such account.
Pls.. correct me. is it NSE requirement.
Raman, income proof is mandatory to trade on F&O. 6 months bank statement can act as income proof. But if you have income tax receipt, Form 16 or any other income proof, even that will work. Rs 10000 minimum is not mandatory as per exchange rules, certain brokers might ask you for that though.
In http://www.chittorgarh.com/ i read that you have started your own DP service.Is it true??And regarding AMC, if i open DP account this month at what month AMC will be debited in my account?
Yes our DP business is live. AMC will be debited end of every financial year.
I have demat account and trading account with icicidirect , linked with icici bank saving a/c .
Wanted to open trading A/c with Zerodha mainly for option and day trading .
My queries is
a) Now I don’t have regular income . Does my demat statement help to open the trading A/c ?
b) Can icicibank saving A/c be linked with trading A/c .
regards
ssmahato
a. Yes, you can give your demat holding statement or 6 months bank statement for income proof.
b. Yes.
Hello if i have Demat account in trade smart online can i link it with your trading account???And is there any other charges involved for using other Demat account instead of yours?
JOnes, u can link, u can buy shares through us but u will not be able to sell through us. We have our own DP now, u can just open a new account with us.
Hi, i have applied for demat and equity trading account through your online application wizard ,payments done and uploaded documents also…so when u should i expect revert whether account has opened???
You’ll receive a call from one of our Sales managers who’ll assist you in getting your account opened.
Hi, Nitin,
Checked all your posts, videos, responses etc. Delighted to note your ‘2020’ approach.
I already have account at SAMCO since last three months but they don’t provide software like zerodha provide. Btw, they don’t have BO option yet.
Hence can’t wait to switch over to ZeroDha.
Query:
(1) When already I have an account with SAMCO, what all documents will be required?
(2) Suppose all my documents reach to you on Monday, when will I get userid password, activation of software and start trading?
Sachin
1. We will still need all the documents.
2. We open trading accounts within 24 hours, but demat currently would take atleast 5 days. Once the trading is opened, you can start trading F&O.
Best,
Thanks Nitin for quick answer, even on Sunday.
1. I already have demat account with Samco, so is it possible to link the with Zerodha? If yes, what documents/information will I require to provide?
2. I have mentioned my SBI account information on application as I wish to use SBI only hereinafter. As I don’t have cheque book yet of SBI, I am providing cancelled personalized cheque of Axis Bank. For income proof, I am providing Form16. Will this be ok?
Thanks
Sachin
1. Yes you can link that. You can trade F&O intraday and positional. But equity, you can buy with us for delivery which will be sent to Samco, but u will have to sell it through them.
2. For SBI, you will have to give some proof. So attach a statement of SBI bank account as well.
Hi Nithin & Team ZerOdha
Subject : If NO income proof available.
I have signed and sent all docs however unable to send income proof as I am currently not working with any organization or company. I have opened a new bank account in HDFC bank last month so I have sent the statement from opening date to till date. I am interested only in Equity day trading, NOT in derivatives, currency or commodities. Please advice. Thank you.
IF it is only equity day trading, you don’t need an income proof.
Thank you Nithin for your prompt response.
Subject : If NO income proof available.
one more query, If income proof is NOT available, can I eligible to open Demat account for equity delivery basis trading.
Yes, you don’t need income proof for equity trading, be it intraday or delivery.
Hello sir i am new to share market.And i want to open a demat and trading account with you.My question is how can i have money in my trading account?will i have to deposit in bulk(using cheque or by other means) or i can transfer from my bank account whenever i needed?and after i sell my share how will be the reverse processing occurs?(i.e trading accnt to my bank accnt)and charges for that transactions.
You can transfer any way you want using payment gateway, neft, or cheque. Check this: https://zerodha.com/funds-transfer
thnks for ur reply sir…………….
sir,
i am working in merchant navy.so i wont be able to pay annual maintenance fee at the time.can i pay for 2-3 years upfront.i want to open demat & trading account.i have saving account in sbi.it is good or should i open account in any other bank.i will buy stocks and keep it for minimum 6 months(i’ll be sailing).which is the best option for me.do i need to pay tax for this kind of investment.
Yes SBI savings account is good. If you leave some money in trading account, whenever AMC is due it will get debited. So nothing to worry. You have to pay tax only on gains made and not on the investment.
for open demat account in zerodha, how is certified the form “Electronic Clearing ( Debt clearing ) Form ” by Bank ? i need to go bank for this ?
ECS is optional for demat, so you can disregard it if you don’t want.
thanks
Hi,
I already have icici 3in1 account(Demat + trading account). I also like to open trading account with you , so what is the procedure? Will i have to link my icici demat account? what happen when i trade intraday using zerodha trading account but i already trading account for that demat account.
Rahul, if you map ICICI demat with Zerodha trading, everytime you buy stocks it will be sent to ICICI. But you will have to sell using ICICI trading account. No issues for trading intraday or F&O (both intraday and overnight).
sir.
I am a student and i want to open a trading and demat account and i am starting with investing 500 rupees only to trading. Can i use my father sbi saving account
No, if you are opening an account, u have to map your bank account itself.
while i tried to pay online, only PayU option was enabled. CreditCard/DebitCard/NetBanking options were present and were disabled. Why is it like that…?
Should we pay only through PayU option?
Payu has debit/credit card options.
I want to open trading and demat account so what are the charges for the same. And what is the minimum amount to start with because I am new in market and want to learn trade so please answer me and if possible courier the forms to me I will fill it up and send back to you. Waiting for your prompt reply
Can you enter ur number here: https://zerodha.com/open-account, we will get someone to email you with details as well.
Thanks Nithin for your prompt response. I shall plan on the basis of this info.
I want to know that, can I send 6-month bank statement downloaded via net-banking?
Net banking will not work. You can print the email of the statement you have received.
what are proof required for income proof??
Mentioned in the post above: Form-16, IT acknowledgement copy, 6-month Bank statement (will also act as an address proof), Stock Holding Statement, or the CA certifying your networth. This is a mandatory document for trading Derivatives today.
Hi Zerodha,
I applied online using online application and paid 950 via net-banking (There is a price difference of 100 Rs from the article above). uploaded all my documents for review as well. But nobody from Zerodha responded regarding my application review. It would be great if you could provide some specific contact, so that I can email he/she for review and submit the documents at the earliest. My application is: 58035.
Selvaraj, my guess is that you applied for priority forms, we will courier you pre-printed forms. That option not mentioned above. Will get someone to check and get back to you asap.
Thanks Nithin.
Looking forward !
Hi Team,
I’m quite impressed with your handling the issues. I’m residing in Chennai & I’m interested in opening an a/c with you primarily for trading in Equities (Delivery) which may be expanded to F&O, Commodities in future.
Presently I’m holding a Demat a/c in ICICI hence I want to have a trading account with Zerodha with the deliveries made to existing Demat a/c.
In this scenario:
1) Can I freely trade (both buy & sell) using the ICICI Demat & Zerodha trading a/c?
2) Do I need to have sufficient balance in my a/c for trading or there’s margin/leverage available?
3) Is it possible to meet someone in Chennai to discuss about any queries/issues?
4) Will there be any difference in cost if I opt for F&O, Commodities, Demat along with Equities (Delivery) now as against opting for these later?
5) When I place an order for certain number of shares (say 1000 shares of ITC) and if they get executed as multiple trades (say 5 trades for executing these 1000 shares), then would I be charged Rs.20 for this order or more (Rs.100 assuming the case above of 5 trades to execute the requested number)?
Cheers,
Vijay
1. You can only do buying, selling you will have to do using ICICI itself.
2. Margin/leverage available for intraday trades. Check this: https://zerodha.com/margin-calculator/Equity/, higher if using bracket or cover orders.
3. Yes, we have our sales/franchise office. https://zerodha.com/contact-us.
4. No extra cost now, best to open all at same time. Commodities will be Rs 200 extra for account opening (if u r printing the forms).
5. We charge per executed order, so yes same Rs 20 irrespective of the number of trades.
I would like to start trading but the income proof is the trouble. My only option is bank statement but its been inactive. I do not deposit often. I run a small and local business.
I started livestock supply business for 4 months now.
Please help as to what are my options.
Thank you
Kheni
For trading F&O you will need to give some kind of income proof. Bank statement usually will have interest income, that also would work.
I have 2 doubts on proofs
1. I have IT returns document (ITVR) of last year. Can it act as Income proof?
2. Since I dont have name printed cheque, I am providing bank statement also along with cheque. But the bank statement is of the month of Feb2015. Also these are the monthly statements emailed to me and there is no seal on it. Whill this be accepted as proof for Bank details?
1. yes
2. Feb 2015 statement will not work. Send the latest bank statement, and yes the emailed bank statement will work as long as your name/address/account number is fully visible.
Thanks for your prompt reply.
I also have PAN card.
Can a student open account with zerodha?
I have a bank account since last 2 years .
now where should i open Demat account for Trading which is easy to use for me.
Is there any criteria for minimum Amount which i should have in my account for trading?
what are the other requirements for trading with zerodha other than Bank account and Demat account?
Thank you sir in advance.
Parth, you need to have a PAN card as well. There is no minimum amount as such. Drop your phone number here: https://zerodha.com/open-account, someone from our sales team will call and help you out with all queries.
Hi Nithin
I hold a demat account with Sharekhan. Can I open a trading acccount with Zerodha and link it to my Sharekhan demat account? I read all your pricing terms from your website and I see that you have a tie-up with ILFS – so demat charges reflected there are for ILFS right? What would be the demat charges for a Sharekhan demat a/c holder with Zerodha trading account?
Venkat, yes you can link your sharekhan demat, but there is an issue with this. F&O trading you can do both intraday and overnight trades (no issues), Intraday equity no issues, but when you trade equity for delivery – you can buy through us, but you will have to sell it through Sharekhan. So if you are trading equity delivery, it is best you open a new demat account with us.
Thanks Nithin for your reply. I am an NRI with an NRE-PIS account with Sharekhan. Can I open a second demat account, NRO-PIS route, with ILFS/Zerodha? If an NRI can hold 2 demat accounts, one NRE and another NRO then problem solved for me!
Yes you should be able to.
hello, since 8 days my demet account not open & i didnt received any mail regarding demet account from zerodha.how much time it taken for opening.
In Delhi, how many Zerodha offices where we can go to open an account.
1 each in delhi, Gurgaon, and Noida. Low cost sales centers they are.
1. If I pay opening fees online then I have to send a cancelled bank cheque ?
Yes 1 cancelled cheque as a proof of your bank account.
1.IS in online application wizard, we have to upload self attested documents?
NO need of self attested to be uploaded. WHen you are sending courier ensure all the proofs are self attested.
can we apply for IPO also?
Online IPO not possible currently.
And also tell online trading portal charges? Is it is free or we have to pay additional amount for it?
No additional charge for any platform.
What is the minimum amount for starting?
Is there any minimum amount for maintaining in trading ac?
Many other brokerage house to maintain a minimum amount and a initial amount for investing.
No minimum amount to start or maintain.
Hi,
Need your help on the following queries:
1. Brokerage is 0.1% or Rs.20, whichever is lower – am I correct?
2. For ex. Buy 100 shares at Rs.10 = Rs.1000 + Rs.1 (brokerage) + STT – am I right?
3. Sell 100 shares at Rs.12 = Rs.1200 + Rs. 1 (brokerage) + STT + Rs.13 (Dmat charges) – am I right?
4. Sell 1000 shares at Rs.100 = Rs.100,000 + Rs. 20 (brokerage) + STT + Rs.13 (Dmat charges) – am I right?
5. Buy 1000 shares at Rs.100 = Rs. 100,000 + Rs. 20 (brokerage) + STT – am I right?
1. Yes
2. Yes
3. Yes
4. Yes
5. Yes
🙂
I want to open trading account with zerodha. I already have demat account. How do I link existing demat with zerodha trading account. In form of zerodha we have to give DP ID and BO ID. Is this sufficient? Demat statement will be proof that I can send alongwith the form.
Yes Faizan, Demat statement will be the proof. Send it along with your trading account opening forms.
hii Nitin sir i have two doubts while filling trading and demat account opening forms :
1. i want nomination in my trading & demat account so there is an option of two witnesses. Plz clarify whether you will make witnesses or i have to do at my end ?
2. In Demat form there is First Holder i know its me..but what is second and third Holder..Is it mandatory to fill second and third?
Also in Demat form Signature box i.e F1 it is written use black Ink only..Is it for F1 only or all Demat Form Sign Boxes?
Please Clarify.. Thanx in advance..
1. You can get witnesses or we can get someone from our side. Upto u.
2. Second and third not mandatory. Just F or first holder signatures are enough.
Thanx for ur quick reply sir..have final question… is it mandatory that signature on PAN card should match with signature in Trading & Demat account opening form..because i have different signatures on PAN card and Bank account..Problem is that IL&F’S Demat form is asking bank clearnce certificate so i have to do my bank account record signatures on that certificate also mandatory same signatures in rest but my PAN Card having different sign..plz guide me which one should i choose..for your information i am having my bank account in state bank of travancore
Anoop, keep the signatures like the way it is on PAN card. That is usually used to cross reference mismatch. But if you want to sign like it is on the bank, just send a declaration stating the same. Make a declaration that states that you are using the other signature which appears on the bank, and have both signatures on this document.
Thank you so much nitin sir…
Hello. I’m a zerodha account holder and my signatures on the account opening forms were different from my PAN card, but it was approved. Do I still need to send a declaration form? If yes then is that form provided by zerodha?
Thanks.
I posted questions regarding account opening. It has been 1 month since my payment and it is still not ready to use!!!!
Have you deleted my post instead of answering it?
Anurag, our account opening team will call you back. Your previous query was on a different post.
Thanks. I checked the other post and seems you have not even posted it yet on the forum.
I have been in touch with your account opening team since 1 month but there are so many issues and delays from your end. I was expecting to trade in 7 working days as what your website promises but even after 1 month of payment, I am awaiting your processes to complete!
Anurag, the trading account would have been immediately. Demat account opening takes a little longer, but you should be ready by end of day. Guess someone from our team has already called you up.
Please confirm me the account opening charges both trading and demat and if the trading account is opened within 1 day will I be able to start intraday?
Mithun, account opening charges are as mentioned in the post above.
Sir i hold a demat and trading account of ICICI Direct. So can i use that to trade or do i need to open new trading and demat account with Zerodha. Please help. Thank You.
If you want to trade futures and options, you don’t need demat, so open just a trading at Zerodha. If you want to trade intraday equity, link ur existing demat to Zerodha trading. If you want to do delivery based buying/selling of stocks, u need to open demat and trading with us. Explained in the post above.
I have a trading and demat a/c linked to my bank sb a/c so if I open a trading a/c with you and link all these required accounts will it be possible and how long it will take along with the cost.
Mithun,
Yes you can open trading account (cost Rs 200 if you print, Rs 300 if you use our physical forms) and link your Bank SB account and demat account. The issue with linking ur bank demat account is that when you buy stocks, the stocks will get credited to your demat, but while selling you will have to use the banks trading account. No such issues if you are trading F&O or equity for intraday. If you want to do both buy/sell on your equity holdings, you will need to open a demat with us as well (Rs 550, out of which Rs 400 is upfront AMC for 1 year).
Nithin,
I appreciate your information , and in my opinion it will be better if I open Trading and Demat A/C with u without any link to my existing accounts and I saw in the http://www.chittorgarh.com if I fill up a contact form through them I am entitled to get RS. 100 off. Please comment about this. I am from Kolkata and there is a branch of Zerodha so will it be possible to do the proceedings at the earliest. I am also eager to open a new SB account for trading through you can you help me? Thanks for your valuable feedback
Yes Mithun, you can connect with the guys in Kolkata, you can also directly contact our Bangalore office. The discount that Chittorgarh offers is also available to all our other clients who print forms.
Hi, I am new to trading and have been learning about stock exchange from past 3 months, now I would like to trade with exchanges in India.
Note: I am a student and most of the time I do not have an income so to open a Trading account for currencies ( since I would like to trade with currency), do I really require to provide you the income proof?
And also let me know the exact and total cost step by step from opening a trading account to trade live in your platform.
Thanks and Regards
Zohaib Hyder
Hi Zohaib,
It wouldn’t be in your best interest to start off trading in F&O/Currencies especially if you’re new to trading. A more systematic approach would be to get yourself acclimatised to the functioning of the Stock markets and then explore newer trading options. A good starting ground would be to go through the various modules at Zerodha Varsity: http://zerodha.com/varsity/
Varsity simplifies the markets for you in understanding various concepts.
Yes, the Exchanges do require every client trading in F&O (including Currency Derivatives) to produce an Income proof considering the inherent risk that comes with trading F&O which is why they’d want people to have a source of income.
My advice: Start of with something small, something which if you lose wouldn’t really affect you much. Start of trading equities. As you gain more experience, you could trade other market segments.
Dear Nitin, in case of zerodha ,invester has to pay for additional Rs. 13/-as demat charges. This charge is normally not seen with other brokerages. i assume this charge is there in all cases irrespective whether a person is holding demat account with you or not. Will this be charged both on buy and sell trade ?
Thanks Ghansham
Ghansham,
DP charges is applicable with every brokerage out there. This is applicable only when you sell stocks from your demat account with us (not applicable for intraday trades). For example ICICI charges Rs 25 or 0.05% whichever is higher as DP charge.
Hi,
I want to open Trading+Demat and Commodities account and I have taken print out of blank forms which I will fill manually.
I have seen on Chittorgarh website, that there is a discount of Rs 100 on account opening charges, so what would be the net amount that I need to pay.
Can account opening charges be transferred online??
The discount of Rs 100 we give for everyone who print the forms. Yes you can pay account opening fee online using this link.
Hello Nithin,
Have a few questions.
1) I am a homemaker having a saving account in Canara Bank. I am interested in trading in F&O. Would savings bank statement suffice as income proof.
2) Can I transfer funds using NEFT in Zeroda trading account through Cnara bank.
Thanks in advance.
Yes to both Anita
Can I come to bannerghatta office to open an account.
Yes
1. I want to trade equity – intraday only and F&O… So along with a trading account i also need an existing demat a/c which can be mapped or linked to the trading account. so what documents or statements would you need for my existing demat a/c
2. the stamp duty mentioned for my state mentions Rs 0.005% or Rs 50 max for equity intraday , futures , options separately for each segments. Is it Rs 50 max for the day for all segments put together or Rs 50 for each segment ….
1. Any proof of your existing demat account. A client master report, or yearly statement that you might have received.
2. There is only one contract note for Eq, F&O , and Currency. So Rs 50 max for all of them together.
sir
actiully iam having my demat occount in my icicidirect.com
in that iam holding some equities
i want to change that holdings to zerodha occount is it is possible
if it is possible iam instentllyy readdyy to open demat occount in http://zerodha.com/
pls reply
Yes Sriram, once you open demat with us, you can transfer the shares from icici to us. ICICI would have given you a dp sliip, mention the new demat number/DP ID that you get from us, and enter the quantity/stocks. The shares will be transferred by ICICI.
Returning interested person here.
Last time I tried to open the account, I was told by your representative to also add cheque of at least Rs 5000 which will reflect in my account and that it is needed to make account active. So, I didn’t send the documents and never opened an account.
Can you please clarify that how much money is needed to make activate account? Can’t be done by Online payment later on when account is ready to be used?
Regards
Yes Raghav, not required to send the Rs 5000 while account opening. You can transfer this once the account is opened and online using payment gateway. There is no Rs 5000 condition as such, you can transfer anything you want.
You have mentioned for “Trading and Demat account – 2 cheques”
For what denominations each cheque should be?
Both in favor of ZERODHA?
PS: I’m planning for self printing of application.
2. Also, If I open a trading a/c, will i be able to do F&O, currency transactions? (I wil submit income proofs)
3. Post submitting the documents thru courier, will some person do a physical verification? coz in day time i’ll be in office and currently staying in PG. Any suggestions?
Thanks in advance.
1. one cancelled cheque and another for Rs 750 (this includes first year AMC of Rs 400).
2. Yes, you will.
3. If you have already done KYC with any other broker, this is not required. Otherwise, we will do in person verification over a webcam at your convenient time.
sir
my account opening form is on the way to zerodha. i want to deposit 750 /- account opening fees online. please provide link.
https://zerodha.com/payment/response
I have filled equity trading account opening form just now. Could you please tell me that how much time it will take in account opening. I have chosen priority route. Can i track courier package.
Nishant, we will open it in 1 day from when we receive the forms in our Blore office. Can you send your email/mobile number used to fill up to [email protected]
you said that brokerage is rs 20 per trade, but in the brokerage calculator , it ia showing rs 40. Why
Ayush, the brokerage calculator shows both buy and sell trades. So buying Rs 20 and selling Rs 20, total Rs 40.
Can I submit DEMAT holding statement of equity share worth of Rs.20000 INR as an income proof for opening trading account with F&O & MCX?
Please let me know.
Thanks
no reply ?????
Ah missed your earlier query. Yes you can use you demat holding as income proof for F&O and MCX.
I want to open a new trading and demat account in Equity segment with Zerodha. What is the initial expense to open the account and apart from AMC of Rs 400/year is there any other hidden charges. I am from Kolkata so will any one will come to collect the form and document or I need to courier them?
Aditya all charges as mentioned in the post above. You can check out our brokerage calculator. Ideally we would like you to courier the documents to Bangalore. We have a sales center in Kolkotta, you can call them as well.
Still I am not clear about the account opening charge whether it is 200+750 or only 750 ?
Is it a requirement that the cancelled cheque and 6-months account statement to be of the same account? If the answer is No then what are the minimum number of transactions made in the past 6 months or any minimum balance maintained during this period?
The thing is I have a one year plus old bank account with cheque book but I rarely used it and I have another bank account which I use regularly but without a cheque book.
No, they need not be the same.
You can give the 6 months statement from what you use actively for income proof.
You can give the cancelled cheque from the other account and have that bank mapped to the trading account. If the cheque leaf is personalized, you don’t need a bank statement for that.
Thank you Nithin for such a quick and accurate response.
Will the 6 months bank statement(which I wont be linking but send only for income proof) serve as address proof for my permanent address?
And I got the cheque in my welcome kit so it is non personalized, as you said I will have to attach a copy of bank statement, is previous one month’s statement enough for this purpose?
Yes to both Suraj.
That’s cool then, I almost have all the documents! 🙂
Thank you again Nithin for the clarifications!
Can I submit DEMAT holding statement of equity share worth of Rs.20000 INR as a income proof for opening trading account with F&O & MCX?
Please let me know.
Thanks
hey,
I wish to open account with you.
My Axis bank account is just 2 months old. I have a welcome kit.
I want to link this Axis bank account with my trading account.
I do have another bank account in UBI, for which i could easily provide 6 months bank statement.
I will provide cancelled cheque of Axis bank.
So, would it be possible if I provide UBI’s statement as a income proof and link my Axis bank for trading purpose?
Hi,
Good that you decided to open account with Zerodha. I am client since last 9 mnths and very happy customer.
what i suggest is first open account with UBI and then later on add Axis bank as another bank to link.
As far as I know Zerodha does provide multiple link bank accounts.
Enjoy trading life with zerodah in coming days and have discipline approach for trading.
thanks,
HD, yes you can give UBI’s statement for income and link Axis bank account for trading purpose.
HI,
I like to open trading a/c with you , but i have already an account with geojit, is it possible to link the zerodha trading a/c with the demat of geojit a/c, i have got shares in that and not intend to sell those shares , so what to do?? which demat you are providing in zerodha,
Whats the solution for this, having two demat will make me pay AMC for both, the details of demat in geojit of mine is :
Sole Holder
HUSSINI MUBARAK P
NOMINEE
Please Nominate
DEMAT ACCOUNT WITH
GEOJIT BNP PARIBAS FINANCIAL
SERVICES LTD
(IN300239)
CLIENT ID
13062207
REGISTERED EMAIL
[email protected]
Please get me an answer for this
Hussini, if you don’t intend to sell the shares that you have bought, you can link the Geojit demat with Zerodha trading account. So when you buy shares, it gets delivered to Geojit demat, but you will have to sell this only using Geojit. Will get someone to write back.
im house wife and i want to trade. as i dont have salary slip how can i proceed further. my husband is working and i want to use this amount for trading. pl guide
You can send your 6 months bank statement or else open the account in the name of your husband.
same as Grace, my sister does not but having account (active) in PNB and recently she opened in HDFC, she doesn’t have personalized cheque too. Please advise as she wants to use HDFC for Trading but the account is new. So which statement she has to provide and she does not have earning then what proof she needs to show. She has one joint account with her husband in PNB also.
If she doesn’t have a personalized cheque, attach a bank statement of HDFC along with the cancelled cheque, it doesn’t matter even if the account is new. She can show the 6 months bank statement in PNB for income proof.
Hi Nitin,
Who coded the trading terminal and PI. Your employees or omneyses tech. If you have to add new options to terminal, who will add them ??
Pi is done by our partners called Tradelab. They work with us closely, and anything in Pi is done by them.
Sir, My client id is blocked. Pl tell me how I can unlock it.
SEnd an email to [email protected]
I have submitted my documents and my trading account was opened yesterday. I was told that it will take 20 days to open demat account. Can you please get it done quicker if possible?
My login id is DR2952.
Will have someone to look at this, shouldn’t take more than 7 days if everything is in place.
Thanks a lot for your response, Nithin.
Hi nitin,
Why arent there Good Till Cancel and E-margin options. Should be gr8 if you include them.
You can send an email asking to pledge your stocks (if that is what you mean by e margin). Good till cancel, we are trying to have.
Emargin:- Basically it is like an extended intraday for 1 week. It includes all securities. HDFC sec has this feature.
Yes, on our list of things to do this year.
I want trading + demat a/c on zerodha, so I needed, 1 cancelled cheque + 1 cheque [Rs 300] + 1cheque [Rs 500] . Right ??
Cancelled cheque + 1 chq 300 + 1 chq Rs 550 (this includes 1st year AMC for demat of Rs 400).
Hi Nithin
Is it possible that I Open Trading+Demat & commodity account with Zerodha and link those to my Sister HDFC’s account ?
No, SEBI mandates that bank account mapped to trading & Demat should belong to the same person.
Thanks Nithin
What about NRO account?
or there will be separate process, can you provide blog on that too please.
Check this post for NRI account opening.
thanks nithin
SIR, I want to open an online trading and demat account with Zerodha and want to trade only in equity intraday/delivery .
Is the income proof is necessary?
plz answer
No, not necessary. Income proof only for F&O trading.
hi,
I still didnot get your charges for trading. I dont have Demat and Trading account. I am planning to open it. Can you clarify what charges Zerodha will take for each trade and for opening trading and Demat accounts.
If you print the forms, Trading: Rs 200 , Demat: Rs 550 (includes 1st year AMC). Charges are flat Rs 20 per executed order irrespective of the size of the trade. Check this: https://zerodha.com/pricing
Hi,
I have trading account in Zerodha, I would like to open a demat account too. Is there any separate account opening form for Demat to link with my existing trading accont ?
Can I trade options (holdings-not intraday) only using trading account or demat account is required if the options trade is not a intraday? Please Help. Thanks.
Nithin sir i m having trading and commodity account of zerodha from last 2years but now i wana open a demat account with zerodha, can u explain is there any single form for demat account opening and how it will link with my trading account and what are current charges if u can provide me link.thanku
Trading & Demat form, has demat form on it as well. Check this: https://zerodha.com/downloads
hi sir,
i am a student and i have no source of income…can i open a demat and trading account?
i have a sbi savings a/c..
plz help
Yes Suvojit, you can open. The only issue is that you will not be able to trade futures and options without an income proof.
Sir
I have bank account with sbi and pan card ,can i open trading account with it?
I am new to trading please guide me in detail.
Asid
Yes, you can link your SBI account. If you want to learn about trading, check this out: http://zerodha.com/varsity/
I am using india infoline demat and trading account. They are charging Minimum monthly DP charges(including monthly AMC) of Rs.45/- which increases depending on trade and brokerage of 0.5% for delivery and 0.05% for intraday. I want to know what you charge on these.
Goura, The annual AMC charge is Rs 400 for the demat. DP charges is fixed Rs 12 per debit instruction. There is no monthly minimum.
Hi
Can I participate in IPOs/FPOs using Zerodha account
Thanks
Not online as of now Monk. You can use the demat number and do it using the physical forms.
My DP ID : IN300095…I want to know if it has been integrated with my trading account or not..I am unable to find the BSE and NSE dropdown option in Zerodha Trader software..only NFO is currently available…
And by the way..i have got the Demat ID from IFSL but on my trader it is showing as pending
Hi,
I and my friend want to start a joint account (Both trading and Demat)
My questions are
1. Should we have a joint bank account for this or use the existing separate account
2. Whether we have to visit in person to your office to start this, We are from Kochi.
3. I have already a demat account with ICICI Direct Can i transfer the holding to the new joint account.
Thank you….
1. Yes you should have a joint bank account.
2. Not required to meet anyone personally. This can be done online, but you will have to print the forms, sign, attach all the documents and courier back to us.
3. yes you can.
Suppose I open a Trading account with you and don’t use it for a year. Will it attract any charges, is there any min time in which you have to do 1 trade.
Also are there any yearly charges if I don’t do a single trade in a year.
The reason I am asking is this is the first time I will be trading so I dont know how many trades i will make.
Ashish, if you are opening only trading account (to trade F&O), there are no maintenance or running charges (if you do a trade or not).
I have opened a new S/B account with SBI. Can I use the same to link with my new trading account( which I am about to open with u guys)?
Yes, you can use the same.
Hello Nithin,
I have a query regarding the “Electronic Clearing Service (Debit Clearing) Form” that is a part of the Application Kit which was sent to me.
At the bottom of the page, just before the client signature column, a sentence states as follows: “I hereby instruct you to debit my account on 25th day of every billing month.”
Could you please clarify as to what exactly does the above stated sentence mean? What would be the need to debit my account every month when i would already have balance in my trading account? Or, is it something else? Please clarify this. I need to sign the application and send it back to your office, once i get the clarity. Thanks in Advance.
The purpose of the ECS is to take an authorisation from you to debit your AMC charges once in a period of 6 months. The demat charges may either be debited from your bank account (ECS Authorisation) or from your trading account (Next sheet which iss “Authorisation to debit Demat account operating charges”)
Since your trading account’d be with Zerodha, you can choose to sign the Voluntary page and ignore the ECS page.
HI,
I am currently trading with geojit and has holdings, and i would like to open an a/c (trading and demat) in zerodha. Is it possible to transfer those shares to the new demat. If so how??
Yes Hussini you can transfer. Once you open a demat with us, mention our Demat account details on the delivery slip that Geojit would have given you. Submit this slip back to Geojit, they will transfer the shares to the new demat within 24 hours.
Hello,
I am from Hyderabad and I want to start trading/Investment in market. What accounts I need to open with you. One is trading account and how about demat account. Is this mandatory to open. In intraday trading how much leverage you are providing. (ICICI is providing 5times). What are the account opening charges, AMC, etc. What documents I need to submit to you. I do not having any income proof, becoz I will trade with my husband’s money. Pls give me more details. (looking for best brokerage firm)
Sridevi, everything is explained in the blogpost above. Will get send someone to write you an email asking for your contact number to reach you on.
I am a student..can I start trading with zerodha.
Yes.
SIR,in the account opening form there are too many spaces asking ‘CLIENT ID’ what is to be filled in them?
Leave that blank Ravi, it will be filled by our team.
Hi,
Is the demat account you provide, maintained by some other company? I saw the name il&fs on the demat form. Do they charge for each of my transaction differently from you? In their form, in the end, they ask to give them authority to “debit my account on 25th of every billing month”. Are they debiting from my bank account? What is this debit for and why?
What is rejection charges 35Rs 500gms Please explain this.
Dear Sir,
I have demat account with sharekhan.What is the procedure to transfer it to Zerodha.Also what wil be the charges for transferring all my shares.
You will have to open a new demat account with us. Once that is done, mention this on the DP slip that sharekhan would have given you. Give this slip to Sharekhan and the shares should get credited to your demat with us in 24 hours.
i have bought some mutual fund through sharekhan. Since zerodha doesn’t support mutual fund,can i transfer the mutual funds from my demat account to respective banks. For ex i have SBI mutual funds,so if i open an online sbi mutual fund account can I transfer the mutual fund over there.
Mrinal, depends on how you bought the mutual fund. If the mutual fund is sitting in your demat account (i.e you bought it using NSE MFSS or BSE Star MF), then yes you can transfer. But if it is bought not through the exchange, it is a little tricky. You will have to speak to Sharekhan to find out the exact process for this. We at Zerodha are looking at offering mutual fund in the next 3 months.
i AM A GOVT EMPLOYEE IN NOIDA. I WANT TO OPEN A TRADING PLUS DEMAT A/C WITH YOU. I BASICALLY DOES DELIVERY BASED TRADING. I HAVE 2 QUESTIONS
1 ZERODHA IS NOT REGISTERED DP WITH CDSL OR NSDL. PLEASE CLARIFY……..
2 CAN YOU WAIVE OFF A/C OPENING FEES.
3 CAN YOU PROVIDE SERVICE IN NOIDA
4 I AM HAVING SALARY A/C WITH SBI. WILL IT WORK FINE FOR YOU FOR FUND TRANSFERS VIA ONLINE MEDIUM NOT CHECQUES……….
1. Yes for now we have a tie up with ILFS for DP, but we are in the process of getting one.
2. No, we have charged it for all our 50,000 + clients.
3. As long as you have access to internet, we can serve clients anywhere in the country.
4. Yes, we have an instant payment gateway for SBI, so that works.
ok…….
in reference to ques no 2, AMC fees for demat a/c are charged on calendar year basis or financial year basis ? please clarify if i open a demat with you now, when will my amc period commence ? how do you calculate it ?
if i open a trading plus demat a/c with you, how much will i be charged ?
hoping for a early reply………
Sonu, AMC is charged upfront for 1 year, and then charged again after end of every year (from when you opened the account).
Trading + Demat is 750 which includes 1st year AMC of Rs 400.
If i get forms printed myself, will i get any discount from you as mentioned on many websites ?
Also tell your sales team to contact me for account opening.
The 750 is if you are printing yourself, otherwise it is Rs 850. Will get someone to email you with their contact details.
Nitin,
I know Rs.400/- is for Demat account AMC for the first year. Can you please give break-up for remaining Rs.350/-?
Thanks!
Rs 200 for trading account opening fees
Rs 150 for Demat account opening fees.
Adding to my previous list;
5) So ideally, it will take about week to 10 days for Demat account to open, after which I can start trading. Is it not?
5. You can start trading equity intraday and F&O (intraday and overnight)immediately (trading account takes 1 day time). Demat can take upto 10 days, so yes delivery based trading in 10 days.
I have few questions :
1) What’s the difference between opening one Demat account in HDFC and using it for both HDFC securities and Zeroda and opening one each for the two trading accounts?
2) I had closed my previous account 8 months back. I don’t have a lot of funds in my present account although being a year old. I do have about 20,000 and I’ll be adding more funds, but it has also come as low as a 100rs. few times in the past 6 months. Is it still ok for opening a F&O account?
3)I do understand the restriction that at any time, net shouldn’t cross 2lakhs, but otherwise, what is the procedure to make the demat account into a BSDA one?
4)How’s the Zerodha iphone app functioning?
1. If you link your HDFC demat to Zerodha trading, you can buy stocks through us for delivery, but sell only through HDFC. No difference for intraday and F&O trading.
2. Yes.
3. Check this for BSDA account.
4. Works alright.
Hi, Would a crossed check(A/C payee) work for you?
Yep, absolutely
Sir,
I want to open Demat and trading account with Zerodha. I have very little knowledge about share trading and all. I live in Patna,Bihar. I have all the documents that are needed to open account. Can I work with you?
As long as you have access to internet, yes you definitely trade with us. Leave your details here, someone will call you back, http://zerodha.com/open-account
payment through neft ?????
sir ,
i want both trading and demat account , but the problem is iam a student and i doesnt have a cheque book . i have sbi bank account and they said that they are not giving any cheque books to students . is that the cheque book is mandatory for trading and demat acc ???? i have any alternative ????????
bank statement with micr and ifsc details will do. Yes you can transfer using NEFT the account opening charges, or you can also use the payment gateway that is available in our online account opening form.
thank you . i will contact sales manager.
So that means no webcam verifications will b done again …kindly confirm to enable me to proceed with mcx a/c opening with zerodha.
Yep, will not be required.
You got right I am having sharekhan a/c. & already KRA Compliant which is only for equities/F&O and not for commodities which I intend to start with u.
That is okay, it is one KRA for everything.
I wanna open commodity trading account with zerodha…but I wanna need clarifications as stated below:-
1. Will my self-attested PAN CARD, ADHAAR Card and MTNL landline bill is sufficient for photo identity and address proof.
2. I will print commodity a/c.opening form, dully filled and signed and also courier with above attested proof docs alongwith cheque of Rs.200/- to your banglore HO so after receipt on how many days ma account get opened wihout any hassles of giving webcam interviews etc?
3. Which trading software will be given to me apart from NEST & NOW?
4. My latest snap in passport size is not formal one. Will that do?
Awaiting replies from your end asap…Kind Regards/Vasundhara.
1. Yes.
2. If you form comes to us correctly (with no signatures missing), we will open the account within 24 hours.
3. NEST, and very soon our new in house platform Pi.
4. Yep.
Hi NK,
Appreciate your prompt response. Just now I checked Pi software video, as its features & functionalities are quite similar to Trade Tiger (software, I am using currently for EQ & FnO)
Pls. note that I have filled and signed your commodity forms as guided in instruction sheet in which it was mentioned that webcam interview will be taken… is it so?? please confirm becoz my kid while playing ball has damaged my webcam n its not working…
Thanks and kind regards/Vasundhara
Webcam verification is for IPV(in person verification). If you have a sharekhan account, my guess is that you are already KRA compliant, in which case you don’t need to do the IPV once again. Our account opening team will check this once we receive the forms.
For opening a Trading and demat account.
1. Pan card with self attestation.
2. Address proof : Voter ID
3. Photo
4. Two Cancelled cheques
Will those enough??
Adding to above:
My initials in pancard does not match with initials in my address proof (Voter id), as it had changed after marraige. Will this be a problem?
If you can attach a copy of your marriage certificate, that would suffice .
If you want to trade on derivatives F&O, you need to also attach an income proof or networth proof. Do speak to our sales manager to double check.
Dear Nithin,
Can you pls suggest a contact person and tel no./email at Zerodha who is competent to open a trading account with Zerodha and where the PIS (NRE & NRO) is with Axis and the Demat account is with ILFS.
Regards
Hari, Can you send an email to [email protected] and [email protected] , they will help you with the exact process.
Thanks
Dear Sir,
Regarding opening PIS account with Axis, from a Zerodha operational point of view, is there a preferred Axis branch in Mumbai or can it be any Axis branch in Mumbai?
Regards
Any branch is okay.
Thanks..hope to be on Zerodha soon..hope the service is as prompt as your response!!
HI ..I wanna open a Trading account. Pan , Aadhar , Photos and 6 months Bank statement along with a cheque for Rs.200 is enough or shall I have to send a crossed cheque too .. Can I go to nearest support center of Zerodha – Vijayawada A.P to open an account ??
Thanks
Srini.K
We will need a cancelled cheque, and yes you can visit the sales partner at Vijaywada.
Thanks for fast reply. I will soon join your great community
Srini
I have recently opened Trading account with Zerodha and wanted to open Demat account also. I have enquired about the documentation with the customer care and they have mentioned that they will send me all the details on my email ID, however I have not yet received any details and a week’s time has already passed away. Same issue I have observed while opening the trading account. Should that the service I expect from Zerodha?
Thanks for pointing out Gaurav, let me look at this immediately.
I am almost done with opening PIS account with Axis bank
but they need the following details for broker and DP
Please provide the same ASAP for me to proceed with this
Stock Broker Information:
Broker Name –
Broker Address –
Contact person –
Email –
Tel No –
Fax No –
Mobile –
Depository Participants
DP Name –
DP ID –
Client ID –
DP Address –
Contact Person –
Email –
Tel No –
Fax No –
Mobile –
Regards
Mohamed Mohideen
roker Name – Zerodha
Broker Address – #175/176, 2nd Floor, Bannerghatta Main Road, Bilekehalli, Bangalore 560076
Contact person – Pawan Tripathi
Email- [email protected]
Tel No. – 08040402020
Depository Participant-
DP Name: IL&FS Securities Services limited
DP ID: IN300095
Client Id: This detail can be obtained after opening your demat account
DP Address: L&FS Securities Services Ltd.,IL&FS House Plot No.14,,Raheja Vihar, Chandivali,,Andheri (E), Mumbai – 400 072
Contact Person: H.Dharamaraj
Email [email protected]
Tel No- 08043464008
Hi Zerodha,
I am basically Housewife and doing trading in F&O (Not investment). I dont have any regular income. so how can i open a Trading account with Zerodaha? I have a Bank statement for 6 months but i kept my saving money only in the account.. will that help?
Thanks,
Priya.
Yeah it should. Also, if you have any demat account statement with some stocks in it, that should be enough.
Hi,
I opened an account with Zerodha about two weeks back and last saturday, I got the KYC acknowledgement letter as well as the DEMAT welcome email. But my account status at Zerodha.com/accounts is still showing as KYC pending and I am not able to trade on NSE or BSE.
Kindly let me know what is the issue.
PS: I called up your office numbers just now and no one is picking up. Based on my initial expectations, that was kind of disappointing.
Regards,
Neera
(DN1089)
Will have this checked immediately Neera.
Hi Nithin,
Thank you. I got an email saying it will be done by eod today. I am now eagerly waiting for the activation.
Regards.
I had sent a mail on some quarries I had on the a/c opening form on 2/11/2014 to [email protected]. Hv not got a reply todate. Can some1 pls clarify.
Whats meant by original bank statement? In the case of new generation banks, the statement is always e mailed to us. Is a printed copy of that (6months) is enough for income proof? Or it needed to be attested?
Got it clarified. Everything already told in detail at downloads (instructions) section. Thanks.
Hi,
I filled all the given and required forms and submitted along with the documents specified to open a trading account on saturday dated 25/10/2014 at your sales office. I received three emails this evening on with login Password. However, there is a email asking for me to submit income proof and states my documents have been returned due to incomplete proof. I gave a soft copy of my 6 months bank statement. Can someone please look into this.
Thanks and Regards
Sandeep from our team tried calling you, can you check your email and reply back to him with a good time to talk to you.
can i tread in F&O segment without income proof ? B’cos i m a student.
You could give your 6 months bank statement
thanks for your reply , may i know the restrictions and yesterday i had filled a online form by my mother”s name Sheela Narang.
I wish to open a demat cum trading account with zerodha, I am already doing trading with sas online, now I have some queries like : do u allow trading in penny stocks which are less than Rs.2/- and which comes in t2t or z or be or bz category, secondly is trade alert sms is paid, and if I sell 4000 shares at 20 paise each what will be the selling charges and how much amount will be credited to my trading account if you can explain the selling charges except brokerage charges, and if I purchase shares through your company will these shares be kept in your pool / beneficiary account or it will be automatically transferred to my dp account and will it be free of cost or transferring of shares after purchasing thru zerodha to my dp is chargeable and at the time of account opening will witness column being filled by your or have to be filled by us, and do i transfer margin money after opening the account and trading shares in bse does charge extra through nest
1. Penny stocks yes
2. Yes trade alert SMS is payable. But exchanges send you something end of the day for free
3. When you buy shares, it automatically goes to DP(never kept in pool) free of cost. When you sell, other than brokerage there is a DP charge which is a flat fee of Rs 13 irrespective of much you have sold from your demat.
4. You can have someone around you fill up the witness signatures. But make sure it is done on all the pages.
5. Yes you can transfer money after opening the account. There is no extra charge for trading on NSE, BSE, or MCX-SX
but can I open the account under bsda scheme bcz initially my invest is less but surely it will be increased gradually and is there any diwali offer.
plz ask any of your sales person to guide me in process
Yes you can open a BSDA account, but there are certain restrictions while trading with a BSDA account. If you are okay with it, you can. No Diwali offer as such 🙂
whether Zerodha Pi trading platform will provide Historicao EOD data, historical IEOD data if so how much historical data will be provided for both EOD & IEOD. In addition to above whether option data is provided wit OI.
We are looking at providing upto 50000 candles of historical data. So if you are looking at a 1 min chart, 50000 1 min candles, and if you are looking at 1 hour chart, 50000 1 hour candles. There is no historical OI data.
hi, i have opened an salary account in ICICI bank i received the kit and after that i transfer my money to that account after 7 days now i m not able to do any transection as account is freeze and process is going on its almost 7+4 dayzz…my account has been opened…scanning process is still going onn…please help
@Rakesh, do send your account related query to [email protected]
Nithin,
Thanks. Does it have to be personalised cheque?
Rgds,
Pralhad.
Yes, if you don’t have a personalized cheque, attach the bank statement along.
Hello Nithin,
I have been tracking your responses here. I m really impressed with the speed and accuracy of resolving the matter. i have two queries.
1. i want to open a trading account with Zerodha in my wife’s name. She is already trading with IIFL. But for opening a trading account with Zerodh, i want to open a new bank account and give the details of it to Zerodha. But for trading in F&O section, there is requirement of 6-month account statement. So please suggest me what to do, as my wife mainly trade in &O and Currency section. For your info, i have a filed my IT eturn till FY 2011-12. Will that IT return will do the case for you.
2. I also have a HUF in my name. I am going to open a bank account in its name sooner. Further, i would like to open a trading account with Zerodha for HUF. But again the 6-month account statement issue will be there as i will mainly be active in F&O and Currency segment.
Hope to see your reply soon.
Thanks & Regards
Pankaj
1. You can give your wife’s older bank account 6 month details. It is not mandatory that you should give 6 months from the same account that you are linking for trading. If she has stocks in her IIFL demat, even a copy of the demat holding should be good enough.
2. For the HUF, you could ask your CA to give a networth certificate, that should be enough. There is no minimum requirement of networth, it could be as little as Rs 1000.
Whats wrong with login..??
after login, at 35% it asks to continue and after clicking the continue box it only stucks with 35%..
The first time you are trying to login to ZT, it might take a while at 35%, because this is when it is downloading the over 50000 stocks and F&O contracts that trade on the exchange. From the second time, it is quite fast.
I have sent all the documents yesterday . I asked them about the total time to process the demat account . The answer was 15 to 20 working days.. I am not satisfied with the answer. In website it says 4 to 7 days ..
Ram, Trading account will opened within 2 working days. Demat if all your documents is in place, will definitely be opened in 7 working days. Will speak to the account opening team on this today.
Please see the reply from you team today Ticket #672889 . “We regret for the inconvenience, but due to the change in demat account procedure with IL&FS it will take so much time.”
Having this checked. But it won’t take that much time, I guess the boys are trying to be ultra conservative. If Forms are all correct it should happen within 5 working days.
Nithin its been one month and still I have received my Demat account . Is it still being processed ?. I have submitted all my documents clearly.
Nithin you are awesome . I am able to access my demat now . Thank you so much 🙂
Nithin, I got my applications through courier . I am bit confused in filling the forms. Can I just sign it and send it across to u so that u can complete the rest of the process .
Yep
I am Ashok,
I want to open account with Zerodha but i have a doubt regarding what are all accounts have to be opened for only Equity online trading.
Can any one suggest me regarding this
Equity – Trading & demat account will be required.
Dear Mr. Nithin,
I would like to open trading account with Zerodha but I don’t want use my existing accounts as fund transfer accounts and I like to open new saving account with other bank to link with trading account. Request you to inform about the procedure and also mention which bank have good compatibility with zerodha.
I guess it will be best to use HDFC bank account as fund withdrawals will hit your bank account on the same day. Account opening documentation is quite simple, as mentioned in the post above, you can also use our online application tool: http://zerodha.com/open-account
Hi Nithin,
My documents were received by your team on 13th August. My demat account is still not opened . Could you please let me know the ~app. date when I am able to use my demat account.
Also, have dropped a mail to Sandeep. i will really appreciate your help in this matter
Thanks
Getting Sandeep to look at this on priority.
Disappointed..
It is more then 30 days and my demat account is still not opened.. Your application tracker shows my demat account opening projected date 12-aug-2014.
i was suggested to wait for 12 hours but after 7 days nothing happened..
Manoj, guess sandeep has already spoken to you.
Hi Nithin sir.. after posting this
Within 30 min I received a mail from sandeep sir.. hope the issues will be cleared within 2-4 days.. A deep thanks to zerodha for their immediate response..
. I want to know how much time it takes to open a demat account after verification
The process of demat opening is a little slow, might take from 7 to 10 working days. If your application is getting delayed, send an email to [email protected], we will call you back on this asap.
Received mails from zerodha about my forms and attachments are correct and verified.. I want to know how much time it takes to open a demat account after verification.. Does it take more than 20 working days.. ?
Hi,
Just small suggestion, also I don’t know whether its correct location to report this or not. Anyways main motive is to get thing correct.
It gives different understanding from charges section for Service tax “12% on Brokerage+Transaction Charge”
In simple words or math, I read this as (example brkg : 580 and TC : 740)
12/100 * 580 + 740 = 809.6
But this is not the actual calculation as told by customer care staff.
So, I would like to rectify on web page as “12% on (Brokerage+Transaction Charge) which means
12/100 * (580 + 740) = 158.4
I know its prospective to see the expression but by just placing () braces the information is more clear and accurate without any assistance.
Maybe you will laugh but still if you have done maths then you can understand the difference from silly mistake to perfect without any error.
Please take care when you update the website, its small thing but I will highly appreciate you if you consider this.
-Thanks
:), thanks for this, we will have it fixed today.
I opened demat account with ILFS on 17/1/2012. Till now paid Rs 1350 as AMC charge and Zerodha and ILFS confirmed i have paid AMC till Dec 2014. Now zerodha is saying i have AMC dues. I already made a complain and the ticket number is 790826. ILFS is sending me a total bill from which i am not able to make out what is the AMC amount i have to pay. Since there is no clarity and this issue is pending for long time Nitin please help…
regards
Heba Shine
Heba, yes, there’s some confusion about AMC and DP charges combined in the IL&FS bill that is sent to you. We’re in talks with them to have this changed at the earliest.
In the meantime, I’d like to assure you that you need to pay only your AMC which is Rs. 400 every year (plus taxes). If this is paid, don’t worry about it. If you have paid additionally, it’ll get adjusted with your next billing cycle, so you don’t have to worry about it.
Heba,
Will get someone from ILFS to get back to you on this asap. If there any queries on AMC, you can address it directly to [email protected]
Can a student open a demat + trading account with you..?
yes
If I send a cancelled cheque with my name printed on it.. Do I still need to send 6 month bank statement..? I am having a axis bank saving account but it is only one week older..
Manoj, the requirement for 6 month bank statement is as income proof for trading on derivatives. If you don’t have it for Axis bank, you can send it for any other bank account for which you have, you can also send DP statement with stocks on it, your ITR acknowledgement receipt or your Form 16.
It means Cheer’s 🙂
Dear Nitin
I want my daughter to open trading account with zerodha to learn trading.She is a college student and not earning yet.I plan to transfer some amount in her bank account.She would trade only in equities.She will not trade in Derivative segment.
Is it possible to open her account because she won’t be able to provide income proof.Please reply
I want my daughter to open trading account with zerodha to learn trading.She is a college student and not earning yet.I plan to transfer some amount in her bank account.She would trade only in equities.She will not trade in Derivative segment.
Is it possible to open her account because she won’t be able to provide income proof.Please reply
Thanks Venue for prompt and detailed response
For starting up, I will be involved in equity only and let us see f&o in future.
For attestations I will go ahead with embassy in qatar or notary in india as I probably come to India for couple of days.
In regard to PIS account please note I was involved in equity during the year 2009 by opening account with icicidirect and they had opened PINS and NON PINS, I do trade some shares very shortly, sold remaining shares and discontinued due to other commitments. Now if I apply for PIS from Axis bank, can I open it straight away? I didnt even accessed my icici account for the past 4 years. Please assist me in opening PIS from Axis
Also clarify whether I can’t use my indus Ind account to fund my zerodha account ad I mentioned Indus Ind account in zerodha and ILFS forms
Regards
Mohamed Mohideen
Dear Venu
Please respond for above
Regards
Mohamed
Hi Mohamed,
As mentioned earlier, there wouldn’t be any fund transfer that you do to your Zerodha trading account. You’d have to maintain a PIS account with Axis/HDFC bank and the bank would report margins to us based on which we would set your trading limits. You’d have to do all withdrawals/deposits to this PIS account of yours.
Do send me an email at [email protected] with your contact details and I’ll get someone from Axis bank to contact you and assist with your PIS account opening for trading.
Dear Venu
I haven’t received call/mail from Axis Bank to open PIS account
Nevertheless I am feeling much hindered in the documentation requirement for an NRI to start trading.
What I am hoping is to make my wife open a normal savings bank account in order to proceed with other formalities with Z and ILFS to open demat account on her name
Please confirm to me whether this is acceptable to tax authorities in India, since I am a working non-resident and she being a home maker staying with me as a non-resident in Qatar without any source of income for her, could able to explore this option.
I will transfer for eg., 10-15K INR to her account on monthly basis and that will be invested in equities
Will proceed on this immediately upon your response
Regards
Mohamed
Dear Venu / Nitin
Please clarify my query, I wish to invest ASAP
Can I open a normal resident savings account for my wife with SBI / Axis bank in order to transfer and start trading.
She is with me in Qatar and she is non-working, non earning member
Her account will be funded from my account only
Regards
Mohamed Mohideen
Yes Mohamed, you can open in your wife’s name and use her normal Savings account to trade.
Hi Nithin
I’m an NRI
My barrage of questions are as below:-
1. Please confirm whether self attested copies of these documents will be suffice for intended purposes
PAN Card (Self attested)
Passport Copy (Self attested) – for Proof of Identity
Latest (Month of June) Original Bank Statement (Commercial Bank, Qatar) – for Proof of Correspondence
address
Ration Card (Self attested) – for Proof of Permanent address in Chennai
2. At the time of opening my NRE – savings account with Indusind bank, they issued a cheque book with account no printed alongside my name, but by a directive dated in the year 2012, they changed the alphanumeric account nos. with new numeric ones, so my cheque leafs will be with old account no but actually I am practically using my new account nos for all my transaction. Will that be suffice if I attach Cancelled cheque to you as it is bearing old account no or do I need to apply to bank for new cheque book issuance reflecting new account nos.
Note: Bank is still clearing my cheques with old no.
3. In regard to Power of Attorney, please note here in Indian embassy they are having their own standard forms and we need to fill the blanks and sign it in front of official which he will endorse, Could you please confirm whether I can sign it along with witness and send it across your format without embassy endorsement or can I use standard format for PoA with embassy attestation?
4. I am not going to involve in commodities, do I need to send 6 months bank statement as proof of my income?
Hope to receive your clarification at the earliest
Regards
Nithin
Please clarify above queries
Regards
Hi Mohamed,
Before answering your questions, its imperative to know whether you’d like to trade in only the Equity segment or the F&O segment too because the documentation would change accordingly. On the assumption that you are looking at trading only in the Equity segment here are the answers to the queries you’ve raised:
1. Self attested copies will suffice if you are in India while opening your account and one of our executives is meeting you for this purpose. Else you’d have to get the account opening documents attested by the Embassy where you are residing.
2. For now Zerodha has a tie up with HDFC, Axis & we will be able to service you only if you have a PIS account in one of these banks. We are expanding the number of banks but for now you’d have to have a PIS with either Axis or HDFC. We could help you with the account opening at one of these banks if you wish to.
3. The PoA that you sign is a limited PoA which allows Zerodha to debit shares in case you sell stock from Demat. We are not sure what the PoA as provided by the Indian embassy would contain. We would require you to sign the PoA in the format as prescribed by us.
4. For now NRI’s can’t trading in Commodities and hence this is ruled out. No need of sending 6 month bank statement.
If you are looking at trading in the F&O segment too, please note that the documentation is different and you’d have to obtain a CP code for which the procedure is different too.
Please get in touch if you have any other queries.
what is the procedure for closing the trading and d-mat account,how can i get all document ?
Documents are not given back, but u can send us a written request asking to close your account. Send one for trading and another for demat. Closing for any reason that we can fix for you or just generally?
If I have funds available in NSE and If I want to trade in MCX. Will you allow me to trade?
No Uma, you will have to withdraw it to your bank account and then transfer back…
Thx
i want to trade in futures segment so is it req to open a demat account…if not what is the total cost add up to be …….
more over i am not working …will 6 months bank account statement be enough .what is the min balance or any other criteria u look out for in the bank statements…
I want to add 2nd bank account to my trading account. What shall I do?
Send a scanned copy of your bank cheque leaf and a request to map the 2nd account to [email protected]
hello..Nithin
i read about you story.. how you start zerodha.com and make it india biggest discount brokerage company.. fully inspiring story.. great job..
i am a student.
I want to open trading and demat account with you.
i open a bank account near about 7 months ago. but don’t do so many transactions..
if i provide bank statement of last 6 months.. than is this ok for opening f&o account in equity?
Thanks Shivam, yes that would do.
Yes you can. In your own interest its best to learn more about the markets before you venture into trading F&O. Zerodha Varsity – http://zerodha.com/varsity is a good place to start of.
can we link 2 bank accounts to trading account? for fund transfer to trading account
Yep, send a scanned copy via email to support asking to map your new account.
Scanned copy of what?
Dear sir i want to open a demat account in zerodha for that what should i have to do….
?
Call our sales team 080-40402020 or else leave your contact details here http://zerodha.com/contact-us, one of us will get in touch with you.
I wanna open demat account ( I have trading acct with Zerodha) , i haveprinted the form and will send it via courier (same as i did for trading account) . Do i need to attach cancelled cheque? Also, is charge for Demat 400 or 300?
You can send a cheque for Rs 550 (150 for account opening and Rs 400 as upfront AMC for the 1st year), yes also send a copy of cancelled cheque.
Cheers,
Hi,
I have a salary account with ICICI bank. While opening the account, they provided me with an instant welcome kit. As a result of which, my name is not printed on the cheques provided by them.
Please reply whether if I am eligible to apply for opening a trading account by providing cancelled cheque without my name printed on it.
Kiran,
Send the cancelled cheque which is not personalized, along with a copy of bank statement, this will suffice.
do i need to inform my bank if i give you cancelled cheque ?
Meet, will get someone from our sales team to get in touch and answer all your queries.
i dont have 6 month bank statement and no income proof . i have pan and adhar card and bank passbook(new a/c) so can i trade in equity .
You don’t need income proof for trading equity. It is only for F&O trading.
Nithin,
To start a trading and demat account, what is the minimum amount I should have in my bank. If I have little amount can I do only stock trading and demat.
Gopi,
How much amount is not really an issue, it is always best to start small when you are trying to learn.
HI Nithin,
is it mandatory to provide income proof for commodity trading accounr..please reply
Yes Srikanth.
I’m a student and do not have any income proof, I want to start trading in F&O or Commodities…is there any solution? Can i just provide bank statement (is it passbook?) and done?
6 months bank statement.
in account opening my bank and pan/addhar addresss is not matched so i can’t go another steps WHat i do???? is this important bank and addhar/pan belongs to same address………….
Udit, can you contact our support desk.
Can I start with 3000 Rs as I want to learn trading.
Yep, any amount u want.
Ok. Anyways..thats what I asked. If I opena join account with Zerodha with him..and I m second holder/nominee. I can use my bank account in account opening form?
Suresh,
A trading account is always opened in an individuals name, there is no concept of second holder or nominee (both second holder and nominee are only for demat account). So yes your fathers trading account can be mapped to your bank account, provided your father is the joint holder of your bank account, and his name appears on the statements and the cheque leaf.
Cheers,
Thanks for the prompt reply.Yeah I can do that. But, he has sbh account and ibanking is not activated on it. Is it not possible even if I join as a co-holder?
Yes Suresh, if you are a joint account holder and your fathers name appears on the cheque leaf along with yours, it can be.
dear nithin
Can you subbrokership (i mean ap) free of cost
i have too clients, already i do my business in coimbatore but there is only classical brokerages so i cant provide brokerage to my clients like zerotha
please contact me
9600396300
Can my Father use my bank account to trade?
No Suresh, you will have to transfer funds to your fathers bank account and then he can use it to trade.
i simple question ?
if suppose i am using your demat account purchased 100 shares of sesa goa at the rate of 200 on delivery base. and after 1 year i sold all of them for rs 300 each. here you charge brokrage of 97.18 rupees. But what are the demat charges other then amc.
Demat charge for Delivery based sale transactions is Rs. 8 per scrip (irrespective of quantity). Additionally, you have to pay Rs. 5 per scrip to NSDL and service tax. All of this adds up to Rs. 14 apart from brokerage and other charges.
is the demat charge applicable only on sale?.. also is my understanding right that there is no brokerage on purchase or sale of delivery based transactions.. ?
Yes Demat or Dp charge applicable only on selling, when shares get debited from demat account. Yep, no brokerage for delivery transactions.
What are the charges for demat and remat?
Shiny,
Dematerialization: Rs 2 per certificate plus courier charges of Rs 35 per demat request
Remat: Rs 25 per certificate or 0.05% whichever is higher.
Page 13 of this demat form, has the rate sheet on it.
Hello. Can i submit my father’s income proof to activate futures and options in my account? Please reply.
Hey Saurabh, this is not possible.
i have demat and trading account in kotak securities and commodities, if i open demat and trading account here what will be the account opening charges, and brokerage charges, i want to trade in equity, f&o, currency, mcx give me whole detail
Deepak,
Brokerage : Rs 20 per executed order irrespective of quantity, scrip, equity, F&O, currency or commodity. We also give a benefit of 0.01% or Rs 20 whichever is lower for intraday and 0.1% or Rs 20 whichever is lower for delivery based trades, if your equity turnover is less.
Account opening: Trading 300, Commodity 300, Demat 300. Rs 100 waived off in case you print the forms for trading and commodity
AMC, nothing for trading and commodity, Rs 400 for Demat
Sir
I had Demat and Trading Account with HDFC Securities… I would like to open trading Account with you..Can i link my Demat and My Bank Account with your trading Account…
Regds
Ravi
Yes you can link the bank account for fund transfer/withdrawal.
You can also link the demat acccount, no issues trading F&O. But if you are trading equity delivery, you will be able to buy stocks which will be sent to your demat, but once it is in your HDFC demat, you will have to sell it using HDFC securities itself.
Dear Nithin Kamanth,
Here is the answer I have been searching for the question, what happens if we link our already existing Dmat account to Zerodha trading account.? You clearly answered it once the stocks are transferred to Dmat account we can sell them only through the broker channel that belongs to Dmat account. Your answer is very transparent and highly appreciated. Thanks a lot.
I have Dp with sharekhan,can i trade (Intraday-Not delivery) with zerodha ?
if yes what documents i have to produce I ahve already Fno and Comodity trading a/c with Zerodha.
only my sharekhan dp id if isend to you it will link with same sharekhan dp id?
Rgds
jayeshtailor
Hi Nitin,
I wanted to transfer my shares from SBICAPSEC to Zerodha. What is the process. Please guide
Check this:http://tradingqna.com/22126/how-to-transfer-shares-from-one-demat-to-another
SIR IS IT MENDATORY TO GIVE 6 MONTHS BANK STATEMENTS. ONE OF MY FRIEND WANT TO OPEN EQUITY TRADING AND COMMODITY TRADING ACCOUNT BUT HE HAS BANK ACCOUNT OPENED ON 02 FAB 2013. CAN HE OPEN A TRADING ACCOUNT WITH EQUITY, DERIVATIVE (F&O), CURRENCY AS WELL AS COMMODITY.
hello,
I have read your brokerage plans and i must say it is very attractive….
I have few question
i want to open F&O, currency and commodity trading account. no Demat account
i have HDFC bank account singly operated opened 3 years ago.
is 6 months statement is enough for address proof as well as income proof??
waiting for reply,
regards,
Harshad
Yes Harshad, the same doc will act both for address and income proof.
Thanx for your prompt reply,
then total charges for opening of all trading account,
and how can i pay to you?? by cheque??
If you print the forms it is Rs 200 + Rs 200 (equity F&O &CDS, Commodity), if you use our couriered forms it is Rs 300 + Rs 300. You can either send the cheque or use this gateway to make the payment (https://zerodha.com/payment/response).
thanx for your reply.
i have received your mail containing all forms and instructions regarding filling up of forms.
i had also received call of your representative regarding form filling.
thanx for that prompt response
but you didn’t provide mailing address in your e-mail.
please give your correspondence address.
post submitting my forms will some person do physical verification??
i already have demat account with HDFC sec.
Address: Zerodha, 175/176, 2nd Floor, Bannergatta Road, Bilekahalli, Bangalore – 560076. Ph: 080-49132020
If you already have HDFC demat, there won’t be any need of In person verification.
Dear Sir
I have completed online account opening forms & print completed form. i have paid opening chargs by net banking. Please tell me how many document are send with forms.
Send one attested copy of PAN, Address proof, income proof (if trading F&O).
Housewife cannot use NFO and BFO segment due to non availablity of ITRV, Form16, Payslip and six months statement.
Please advise
Six month bank statement should be available. If none of the documents are available, one can’t trade in the F&O segment.
Hi Nitin,
Recently I have joined with zerodha family, 4 weeks before I have initiated online account opening process after that I have couriered all the require documents and got the receipt of delivery from zerodha.
I have applied for both equity and commodity accounts my equity account is opened however till the time commodity account is not linked to my id. From last couple of weeks i am following up with customer care through online ticket, email and over the phone but every day I am only get response as your commodity segment will enable today and after 48 hours you will be able to see changes. Now I am afraid that if account opening related issue i have to follow up 3 weeks and not sure the deadline then what will happen in future if anything went wrong with my investment and to whom will take care of the responsibility to look into my future issues if happens any.
Have you sent the physical ECN declaration for your commodity account and the PoA for the equity account Deepak? If not, the commodity wouldn’t be active and you wouldn’t see your holdings.
Yes i have already sent both the documents and received confirmation from zerodha and indian post for the same.
Nitin / Matti,
Please advice to whom I need to contact as every thing is done from my side and from last 3 weeks following up with customer care till waiting for solution .
Can you write to [email protected] with details?
Nitin, I recently have applied for account opening at zerodha website, and to complete the registration I am required to submit the required documents via courier.
But I don’t have cancelled check or (check book),as it is stated on the website. Can you please suggeat an alternative to this,or bank statements of 6 months shall do the work?
Yes Bank statement is enough Shubham.
what to do if i do not have cheque and my bank statement dosn’t contain ifsc code
That’s very unlikely. All banks provide IFSC code on the bank statement. Either in the one you download from net banking or the one emailed to you periodically.
Hi,
I have applied for trading and demat account on zerodha.
But i did one mistake while applying through online that I attached my password protected account statement instead of normal account statement.
Could you please advise if any problem comes in the account opening process.
Thanks
Gouranga, someone from our team will be in touch with you when your application is processed. You can share an unlocked version of the bank statemen then.
Sir,I only want to trade in equity and want to keep the stocks for long tym is it necessary to open an demat account ?
Yes, in fact, that is what a demat account is for. To hold stocks.
sir
i want to open account for equity and f&o,here zerodha demand 6month bank statement for F&o.
Is THERE any minimum monthly average Balance required during 6 month,OR any other conditions required for 6month bank statement??
PLS reply ASAP i am waiting to open Account.
my bank account is four months old so i have only 4 months bank statement is it enough to open bank statement
Viky, if you are giving bank statement as address proof, then this is enough. But if you are giving this as an income proof, then no this is not enough, you will need to give 6 months statement. Do speak to our sales team.
I do not have cheque book any other option for that
Dear Sir,
1. Do you allow BSDA account at present ? if yes, then what amount i will have to pay as advanced AMC for a year when i first open the demat account.
2. If i want the certified copies of the agreement, what will be the cost ? or you will send these digitally signed documents through emails.
1. BSDA accounts whether they provide or not , upto 50,000 rs holding AMC is 0 and 50,000 – 2,00,000 its 100 rs.
2. Yes they send Digitally Signed copies via email.
Sir ,
I didn’t open any account till and I want to open an trading account bt i want to open BSDA account so can I ?
Hi Aditya,
Yes, we open BSDA account. Tick the option to avail BSDA facility on Pg.13 of the Trading & Demat account form.
The break-up of AMC is as mentioned below:
Up to RS 50,000 worth of stocks in your demat account no AMC.
If it is more that Rs 50,000- Rs 200000 the AMC is RS 100.
Above Rs. 200000 normal AMC will be applicable
Sir, Recently i had opened a demat account in Zerodha, but i want to convert my account into BSDA.
while opening an account i mistakenly put a tick mark on conventional demat ccount instead of BSDA.
sir guide me how to convert my account into BSDA. is there any charge for converting?
I HAVE LOGIN INTO A/C THROUGH ONLINE AND I AM NOT PRESENTED THE PERSONALIZED CHEQUE LEAF . iF THERE IS WAY TO UPLOAD AGAIN IN THE FORM. pLEASE GUIDE
Can you please help me in opening a NRE Demat A/c . am from UAE
hi
i want to open a demat and trading account for my mother. will there be a confirmation call as she cannot speak in english and is the cancelled cheque mandatory as my mother’s account does not have cheque facility. We live in warangal please provide us with the contact details.
We would call to confirm the owner of the account. If you don’t have a cheque, you can also submit a passbook or 1-month bank statement with IFSC code, account number and name.
new zerodha account kaise khole
Mr.Nitin,
When stocks leave Demat account, for each stock, you are applying DP charges at zerodha. Agree, this is norm across all brokerage if you choose the basic demat plan. But other brokers also offer different plan options where in you can pay higher fee( instead of 250, we end up paying 1500), but no DP charges for every stock that moves out of Demat holdings. Unlimited delivery and sell, without any DP charges.
Consider my case here at zerodha. I take delivery and sell on weekly basis on and average 20 stocks. imagine my DP charges alone rise upto 20000 per annum which is ridiculous to stomach.
I urge you to open up other plans to your customers as well similar to the different options provided by other brokers. I hold account with motilal oswal, and i am on 1500 per year annual maintenance plan for demat, there is no DP charge for each transaction.
I am eagerly waiting for your reply on this.
Hey Jaikrishnan. At Zerodha, we’ve always believed in having just one pricing structure for all clients. It’s unlikely that this would change.