{"id":384737,"date":"2024-07-24T15:20:16","date_gmt":"2024-07-24T09:50:16","guid":{"rendered":"https:\/\/zerodha.com\/z-connect\/?p=384737"},"modified":"2026-02-27T15:51:29","modified_gmt":"2026-02-27T10:21:29","slug":"account-opening-is-now-free-at-zerodha","status":"publish","type":"post","link":"https:\/\/zerodha.com\/z-connect\/business-updates\/account-opening-is-now-free-at-zerodha","title":{"rendered":"Demat account opening is now free at Zerodha"},"content":{"rendered":"\r\n\r\n<p>When we started in 2010, the account opening process was completely offline. As you\u2019d expect, this led to a lot of back-and-forth if there were any issues with a customer\u2019s paperwork. Opening an account had significant costs, and we had to charge an account opening fee to cover these costs.<\/p>\r\n<p>The other reason for charging an account opening fee was that maintaining each account also has a cost. So the account opening fee also acted as a filter for only serious customers who wanted to start trading and investing.<\/p>\r\n<p>Thanks to the introduction of Aadhaar-enabled KYC and e-signatures in 2016-17 account opening became fully online, and so we reduced our account opening fee from \u20b9600 to \u20b9200.<\/p>\r\n<p>Now, even the \u20b9200 fee no longer makes sense. Over the years, our mission has evolved from just offering the best platforms to helping Indians do better with their money. To further that goal in mind, we\u2019ve made <a href=\"https:\/\/zerodha.com\/open-account\/\">demat account opening free<\/a> for all resident Indians starting June 29, 2024. <span style=\"font-weight: 400;\">So go tell all your friends!\u00a0<\/span><\/p>\r\n<p style=\"text-align: center;\">\u00a0<\/p>\r\n<p style=\"text-align: center;\"><a style=\"padding: 10px 25px; color: #fff; background-color: #377ed1; border-radius: 3px; font-weight: 600; text-decoration: none;\" href=\"https:\/\/zerodha.com\/refer?mtm_campaign=free-account-opening&amp;mtm_keyword=referral\">Refer now<\/a><\/p>\r\n<p>Nithin answers questions about why we made account opening free in this video.<\/p>\r\n<p><iframe loading=\"lazy\" title=\"Zerodha demat and trading account opening is now free | Q&amp;A with Nithin Kamath\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/udGwFHmzOBs?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\r\n","protected":false},"excerpt":{"rendered":"<p>Starting June 29, 2024, account opening is now free for all resident Indians.<\/p>\n","protected":false},"author":176551,"featured_media":384739,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[577,479],"tags":[],"class_list":["post-384737","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-updates","category-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.5 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Demat account opening is now free at Zerodha &#8211; Z-Connect by Zerodha<\/title>\n<meta name=\"description\" content=\"Starting June 29, 2024, account opening is now free for all resident Indians.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/zerodha.com\/z-connect\/business-updates\/account-opening-is-now-free-at-zerodha\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Demat account opening is now free at Zerodha\" \/>\n<meta property=\"og:description\" content=\"Starting June 29, 2024, account opening is now free for all resident Indians.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/zerodha.com\/z-connect\/business-updates\/account-opening-is-now-free-at-zerodha\" \/>\n<meta property=\"og:site_name\" content=\"Z-Connect by Zerodha\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/zerodha.social\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/zerodha.social\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-24T09:50:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-02-27T10:21:29+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2024\/07\/Free-account-opening.png\" \/>\n\t<meta property=\"og:image:width\" content=\"700\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Team Zerodha\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@zerodhaonline\" \/>\n<meta name=\"twitter:site\" content=\"@zerodhaonline\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Team Zerodha\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/zerodha.com\/z-connect\/business-updates\/account-opening-is-now-free-at-zerodha\",\"url\":\"https:\/\/zerodha.com\/z-connect\/business-updates\/account-opening-is-now-free-at-zerodha\",\"name\":\"Demat account opening is now free at Zerodha &#8211; 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