How to open a Demat Account in Zerodha?

How to open a Demat account in Zerodha is a very quick and easy process. Zerodha is a fintech stock broker company making headlines among Indian brokerage firms for providing revolutionary services to customers. It is popularly known for its low brokerage rates and offers services for stocks, mutual funds, and more. A Demat account is an electronic account where users can buy, sell, or hold assets electronically.

So as an investor, one should be looking for reliable and trustworthy options in the market and Zerodha being one of them is proving itself exceptionally well. Let’s see how to open a Demat account in Zerodha.

Zerodha Demat Account Opening Process

Zerodha’s Demat account can be opened online as well as offline. A Demat account is mandatory to trade or invest in stocks, mutual funds, commodities, or currency. Here we are going to discuss about online application of a Demat account in Zerodha.

Documents required to open a demat account in Zerodha

The following documents are required to proceed with the online application of the Demat account in Zerodha-

PAN Card: A self-attested copy of the PAN Card. Mandatory information to verify the identity and eligibility of the user.
Mobile number and Email ID: For validating OTP, verification purposes and to share recent updates and information.
Aadhar Card: A self-attested copy of the Aadhar card for verification of the address.
Bank Details: For secure transfer of funds and to ensure smooth payouts, A copy of the canceled cheque or Bank statement in which the Bank account number and IFSC code are visible.
Signature: A scanned copy of the user’s physical signature for authentication purposes.
Income Proof: Form 16, Salary slip, or copy of Bank statement to check the potential of an investor.

Stepwise guide to open the account in Zerodha

Zerodha offers an Individual to open a Trading + Demat (2 in 1) online account entirely paperless by following the below-mentioned steps:

Sign Up to Zerodha

After downloading the application or visiting the official website of Zerodha
Press the “Sign up” now option.
Enter your 10-digit mobile number click on continue and verify the OTP received.
The next step is to put your details (Name, Email ID, etc.) and press continue.
Validate OTP from your Email ID and press continue again.
Put your PAN ID and select DOB click on continue.
Choose the segments you want to invest in and pay account opening fees of Rs 200.
Read T&C thoroughly and click on “I Understand” to proceed further.

Verify Aadhar KYC

Press on continue to “Digilocker”
Enter your Aadhar Number and type the text or captcha given.
The registered phone number will receive an OTP enter the OTP and click continue.
Enter your 6-digit Digilocker security PIN.
In the next step, Digi Locker will ask permission to share your information with Zerodha.
Click on the ‘allow’ button and it leads to successful verification of the Aadhar Number.

Update your Profile Section

Select your Marital Status.
Enter your details i.e. (Father’s and Mother’s name).
Choose your Annual Income in the ‘Background’ section.
Select your Trading Experience and Occupation.
Choose your Preference for running account settlement.
Now select from the option given at the drag down about “Are you a politically exposed person”.
Click on Continue to move forward.

Link Bank Account

There are two options to Link your Bank account from which you will transfer funds for trading.

Link with UPI ( No need to upload any documents)
Enter Bank details manually (Need to upload a Cancelled copy of the Cheque or Bank statement)

Choose either one and proceed.

After entering the details your Bank account is successfully linked with your Zerodha Account.
In the next step, the investor has to go through a Web Cam verification process, where they have to capture a selfie by holding the handwritten code on paper that has been given on the screen.
Click on ‘Confirm’ next.

Upload Documents

Select the proof type and upload any of the optional documents shown in the dropdown.
If you do not have any income-proof option still you can move forward and it will not hinder your account opening process.
Upload your signature and click on Continue.
Manually do your digital signature in the next option and click continue.

Choosing Nominees

For the claim process, you can add up to 3 nominees for your Zerodha account.
You can either add it or even skip this option.
Fill in the details for the nominees (Name, DOB, E-mail, Mobile number, Percentage of share).
Select the relationship with the nominee from the options given and put their address details.
In the last step, eSign your application and it will redirect you to the ‘Sign Now’ option.
By acknowledging the T&C enter your Aadhar number and lastly click on send OTP.
Enter OTP and press ‘Verify and Sign’
Your account is successfully verified and repeat the same step to verify your digital documents by entering your Aadhar number and validating OTP.
Your application process is successful and it will be under review for 24 hours.
Once your application is approved you can fund your account and start your journey as an investor.

Zerodha Account Charges

Type of Account	Charges
Online Account	Rs 200
Offline Account	Rs 500
Partnership, LLP, HUF, or Corporate accounts (offline only)	Rs 500
NRI Account (offline only)	Rs 500

Account Opening charges

Demat AMC (Annually)	Rs 300
Trading account opening charges	Rs 200

Benefits of Zerodha Demat account

Zerodha offers brokerage-free equity-delivered trades and mutual fund investments which hands down is one of the biggest perks for investors.
Easy account opening process with 24/7 customer support for any issues faced by investors.
Rs 20 per trade is the fee despite the order value being charged as a brokerage for F&O and Intraday trades.
Access to real-time market data and tools to help investors make trading decisions are also there.
Wide range of services such as margin trading, IPO applications, and research reports.
And most importantly a safe, secure, and legitimate broker firm.

Ending words

Zerodha's online application process is very convenient and quick. However, please read all the terms and conditions carefully before investing, do your research, and compare with the other options available in the market. Zerodha also has a customer support option available 24/7 if you face any challenges to open a Demat account in Zerodha you can contact their support team for further assistance.

Shambhavi Sharma

A passionate writer who curates informative and engaging articles to empower our readers with better insights. I strive to make every article a valuable resource in your quest for knowledge.