How to Open a Zerodha Account: A Comprehensive Guide for Traders in 2023

Zerodha is a hugely popular stockbroker and trading platform in India, offering a range of financial instruments for both experienced and novice traders. This guide will provide a step-by-step process on how to open a Zerodha trading and demat account online in just a few minutes.

Introduction to Zerodha

Founded in 2010 by Nitin Kamath, Zerodha is renowned for its discount brokerage model, which has made it accessible for a wider range of traders. As of June 2020, Zerodha entered the unicorn club, valuing the company at over 1 billion. Some key benefits of trading with Zerodha include:

No hidden charges No minimum brokerage criteria No margin funding or proprietary trading Zero delivery brokerage for equity trades Zerodha’s trading platform is user-friendly, with both web and mobile trading options

Documents Required to Open a Zerodha Account Online

To begin trading through Zerodha, you will need the following documents:

Photocopy of PAN card Aadhaar card Bank proof such as cancelled cheque or bank statement Signature: A photo or scanned copy (not with a marker or sketch pen) Income proof if you plan to trade in financial options or commodities

Once you have all the required documents, follow these steps to open your Zerodha account:

Online Account Opening Process

Visit the Zerodha website at Enter your mobile number and validate it with an OTP. Fill in your name and email id. Enter your PAN number and date of birth. Select the segments (stocks, commodities, etc.) you wish to trade in. Pay the account opening charges (Rs 200 for equity, Rs 300 for equity and commodities). Proceed with Digilocker for KYC verification. Allow access if prompted. Fill your personal and bank details. Verify yourself via webcam for in-person verification (IPV). Upload your documents for KYC compliance. Receive an email confirmation once your documents have been processed.

Typically, this process takes 24 working hours, after which you will receive your login credentials via email.

Offline Account Opening Process

The offline method is suited for those without a linked mobile number to Aadhaar. Follow these steps:

Download the Zerodha account opening form from their website. Fill out the form accurately and sign it. Attach all necessary documents. Send the completed form and documents to Zerodha's office: Zerodha H.O
No. 153/154, 4th Cross Dollars Colony
Opp. Clarence Public School
J.P. Nagar 4th Phase
Bangalore - 560078

The Zerodha KYC team will review your application and documents. You can expect your account to be opened within 2 working days.

Next Steps After Opening Your Zerodha Account

After successfully opening your Zerodha account, you can start trading or investing using the Kite platform. Follow these links to access the Kite trading platform:

Kite Web: Zerodha's flagship trading platform. Kite App for Android Kite App for iPhone

Conclusion

If you’ve made it this far, you now have all the information necessary to open a Zerodha trading and demat account. You can start the process here.

Happy trading and investing!