In this article, we will describe you how to open demat account in Zerodha and how it’s work in Zerodha Damat and trading account and how much brokerage charged in Zerodha and account opening charges, annual Damat account charges and what other charges are there And what benefits and facilities will you get.
Zerodha is a Bangalore-based firm that specialises in stock and commodity trading. It’s the world’s largest and most popular online discount brokerage firm, including services in equity, currency, commodities, Initial Public Offerings (IPO), and direct Mutual Funds.
- 1 How to Open Demat Account in Zerodha
- 2 Zerodha Demat
- 3 What is a Demat Account?
- 4 Why Choose Zerodha?
- 5 Opening a Zerodha Demat Account – Documents Required
- 6 Zerodha Charges
How to Open Demat Account in Zerodha
Zerodha offers online account opening facilities to its customers.
How to open demat account in zerodha
- Visit the Zerodha website.
- Click on the Sign up Now button.
- Enter your mobile number and click on Continue.
- Enter the 6-digit OTP received on your mobile number. Click on Confirm.
- Verify your email id by entering 6 digits OTP received on your email id.
- Enter your PAN No. and Date of Birth. Click on accept and Continue.
- Pay the account opening fees using UPI or through Net banking.
- Sign in to your Digilocker account to share your Aadhar details with Zerodha.
- Allow Zerodha to access your Aadhar details.
- Enter your bank account details and background information.
- Read all the instructions and tick all the checkboxes and Continue.
- Write the displayed OTP on a piece of paper and hold it in front of a camera to complete the online In-Person verification (IPV).
- Upload all the required documents like PAN, Aadhar card, canceled cheque, signature photo proof, and Income proof (mandatory only for derivatives trading)
- Complete E-sign with Aadhar.
- Verify your Email ID by entering your security code.
- Review the account opening form and click on Sign Now.
- Enter your Aadhar No. and the OTP and click on Submit to complete the online account opening process.
In terms of daily trading volume, client base, and growth, Zerodha is India’s biggest discount broker. It’s a low-cost stockbroker with cutting-edge technology. Over 1 million customers use Zerodha, which accounts for over 10% of daily retail trading volumes on the NSE, BSE, and MCX.
What is a Demat Account?
A Demat account functions similarly to a Bank account, but it keeps financial products in digital form rather than cash. National Securities Depository Limited (NSDL) and Central Depository Services Limited (CSDL) are the two depository organisations in India that Handle Demat accounts.
To trade in stock, commodity, or currency, or invest in stocks and mutual funds, you need a Trading Account and Demat account. Zerodha offers a Demat account as one of its services. The Zerodha Demat account is also available as part of a 2-in-1 account, which gives customers access to both a Demat and a trading account.
Read also : How to Open Demat Account in Angel One
Why Choose Zerodha?
You can open trading accounts using a number of online trading applications. However, Zerodha stands out as one of India’s most rapidly rising discount brokers. The number of active clients has increased significantly, from 15,000 to 600,000 over past years. Below are the benefits which Zerodha offers and the reason to choose the same:
- There is no up-front cost or turnover commitment
- Equity delivery trades costs nothing
- About Rs. 20 or 3%, whichever is lower, is charged on Intraday trading
- There is uniform pricing across all exchanges
- Z-Connect is an interactive blog and portal where you can get answers to all the queries
- Minimum contract or brokerage fees
- Safest stockbroker in India with no debt
- Dedicated support team to ensure a hassle-free experience
- Lower broker risk
- High exchange connectivity rate
- Pi, a next-generation desktop platform that combines trading, charting, and analysis into a single platform, is used
- Kite, a web-based trading platform that is minimalistic, simple, and responsive, is also available
Opening a Zerodha Demat Account – Documents Required
The following are the documents needed to open a Zerodha Demat and trading account. It’s recommended to keep the soft copies on hand before applying for accounts because they’ll be required to submit during the application process.
- PAN Card copy
- Aadhar card copy
- Cancelled cheque/ recent bank statement
- Photo or scanned copy of signatures
- Income proof (Required for trading in futures and options)
Additional Points to Remember
Your aadhaar card must be linked to an active mobile phone number. This is required to finish the eSign-in/DigiLocker procedure, which includes OTP verification. If your phone number isn’t linked to your Aadhaar card, visit a nearby Aadhaar Seva Kendra to get it linked.
As proof of income, the listed documents can be used:
- Recent 6-month bank statement
- Recent salary slip
- Networth certificate from a CA
- Income Tax Return Acknowledgement
- Make sure the bank statement you’re uploading has a legible account number, IFSC, and MICR code. Your application can be denied if these aren’t legible.
- Your name must be clearly written on the cheque.
- Signatures should be done with a pen on a blank piece of paper and should be legible. Your submission will be rejected if you use pencils, sketch pens, or markers.
Zerodha offers an option to open Demat accounts offline as well. However, the charges differ when compared to online. For opening Trading and Demat accounts, the fee is Rs. 400, and for opening Trading, Demat and Commodity accounts, the fee is Rs. 600.
Note: For the NRIs account, only Trading and Demat accounts can be opened with a fee of Rs.500. Also, for Partnership, LLP, HUF, or corporate accounts, the fee is Rs. 500 for opening Trading and Demat accounts and Rs. 800 for opening Trading, Demat and Commodity accounts.
Visit the Zerodha website to download the application form. Take a printout, fill it up, sign it and then courier it to Zerodha’s head office address located in Bangalore.
153/154 4th Cross Dollars Colony, Opp. Clarence Public School, J.P Nagar 4th Phase, Bangalore – 560078
Here is the list of application form to open a Demat account offline:
- Application Form 1 – For Trading and Demat account: Equity segment, it includes Power of Attorney (POA) form.
- Application Form 2 – For the commodity segment, it includes the Electronic Contract Note (ECN) form.
- Nomination Form – If you wish to appoint a nominee for your account.
Documents Required Along with the Application Form
- Self-attested photocopy of pan card
- Self-attested address proof (Aadhar card, driving license, voter-id etc)
- Cancelled cheque/Bank statement
- Income proof
- Passport size photographs
Charges for account opening
|Type of account||Equity (for trades on Equity, F&O and Currency)||Equity (for trades on Equity, F&O and Currency) and Commodity (MCX)|
|Online account||₹ 200||₹ 300|
|Offline account||₹ 400||₹ 600|
|NRI account (offline only)||₹ 500||N/A|
|Partnership, LLP, HUF, or Corporate accounts (offline only)||₹ 500||₹ 800|
Charges for optional value added services
|StockReports+||Monthly / Bi-annually / Annually||150/810/1440|
|Screener||Monthly / Quarterly / Bi-annually / Annually||100/285/540/960|
|Sensibull||Monthly||Free: 0 | Lite: 800 | Pro: 1300|
|Streak||Monthly||Regular: 690 + GST | Ultimate: 1400 + GST|
|Kite Connect||Monthly||Connect: 2000 | Historical: 2000|
|Zerodha charges||Equity delivery||Equity intraday||F&O – Futures||F&O – Options|
|Brokerage||Zero Brokerage||0.03% or Rs. 20/executed order whichever is lower||0.03% or Rs. 20/executed order whichever is lower||Flat Rs. 20 per executed order|
|STT/CTT||0.1% on buy & sell||0.025% on the sell side||0.01% on sell side||0.05% on sell side (on premium)|
|Transaction charges||NSE: 0.00345%|
|NSE: 0.002%||NSE: 0.053% (on premium)|
|GST||18% on (brokerage + SEBI charges + transaction charges)||18% on (brokerage + SEBI charges + transaction charges)||18% on (brokerage + SEBI charges + transaction charges)||18% on (brokerage + SEBI charges + transaction charges)|
|SEBI charges||₹10 / crore + GST||₹10 / crore + GST||₹10 / crore + GST||₹10 / crore + GST|
|Stamp charges||0.015% or ₹1500 / crore on buy side||0.003% or ₹300 / crore on buy side||0.002% or ₹200 / crore on buy side||0.003% or ₹300 / crore on buy side|
|Zerodha charges||Currency futures||Currency options|
|Brokerage||0.03% or ₹ 20/executed order whichever is lower||₹ 20/executed order|
|STT/CTT||No STT||No STT|
Exchange txn charge: 0.0009%
Exchange txn charge: 0.00022%
Exchange txn charge: 0.035%
Exchange txn charge: 0.001%
|GST||18% on (brokerage + transaction charges)||18% on (brokerage + transaction charges)|
|SEBI charges||₹10 / crore + GST||₹10 / crore + GST|
|Stamp charges||0.0001% or ₹10 / crore on buy side||0.0001% or ₹10 / crore on buy side|
|Zerodha charges||Commodity futures||Commodity options|
|Brokerage||0.03% or Rs. 20/executed order whichever is lower||₹ 20/executed order|
|STT/CTT||0.01% on sell side (Non-Agri)||0.05% on sell side|
|Transaction charges||Group A|
Exchange txn charge: 0.0026%
Exchange txn charge:
CASTORSEED – 0.0005%
KAPAS – 0.0026%
PEPPER – 0.00005%
RBDPMOLEIN – 0.001%
|Exchange txn charge: 0.05%|
|GST||18% on (brokerage + transaction charges)||18% on (brokerage + transaction charges)|
₹1 / crore + GST
₹10 / crore + GST
|₹10 / crore + GST|
|Stamp charges||0.002% or ₹200 / crore on buy side||0.003% or ₹300 / crore on buy side|