Open Demat Account in Zerodha (Process, Documents and Charges)

Zerodha offers two ways to open the demat account – Online and Offline.

  • Online account opening – Any individual resident of India can open Zerodha demat account online which is easy to set up.
  • Offline account opening – If you want to open a HUF, an NRI or a company’s demat account, then you have to follow the offline process.

Let’s discuss both methods in a step-by-step manner.

How to Open Demat Account in Zerodha (Online)

  • Visit Www.Zerodha.Com
  • Click on the signup button
  • Enter your mobile number and the OTP received on your mobile number.
  • Fill in your details like your Pan card number, DOB, and bank account details to complete the application.

You can go through this walkthrough video to know the complete account opening process.

Offline Zerodha Demat Account Opening Process 

You will have to download application forms from Zerodha’s support portal or you can click the below links to get the required form.

Print out the form, fill it up and send it to Zerodha’s head office mentioned below –

Zerodha,

153/154, 4th Cross, J.P Nagar 4th Phase,

Opp. Clarence Public School,

Bengaluru – 560078

Documents Required to Open Demat Account in Zerodha 

1. Copy of PAN card

2. Aadhaar Number for KYC verification. (Your operational mobile must be linked with your Aadhar number to receive the OTP)

3. Bank Proof – Any of the following to link your bank account with the Zerodha account.

  • A personalised cancelled cheque (Personalised means your name should be printed on it)
  • Your bank statement with both the IFSC and MICR code mentioned on it
  • Passbook first page.

Note –  The bank proof must include your name, bank logo/sign/stamp, account number, IFSC, and MICR code.

4. A scanned copy of your signature.

5. Income proof (Optional) – Any of the following.

  • Form-16
  • Income Tax Return Acknowledgment
  • Last 6-month bank statement
  • Latest salary slip
  • Networth certificate from a CA

Note – Income proof is required only if you wish to trade in Futures and Options – Equity, Commodity, and Currency.

In the online process, you have to upload all the documents while filing the online form.

Additional Documents Required For The Offline Account Opening Process

You need some additional documents apart from the above-mentioned ones as cited below –

  • Copy of Aadhar card
  • One Passport size photograph (cross-signed)
  • Address proof – Copy of Driving license, Voter ID, Passport, Aadhaar Card

Please self-attested all the documents during the offline account opening process.

Zerodha Demat Account Charges 

Account Opening Charges (Online)Equity – Rs 200
Commodity – Rs. 100
Account Opening Charges (Offline)Equity – Rs 400
Commodity – Rs. 200
Account AMC ChargesRs 300 per annum

You can also read our detailed Zerodha Review to learn more about Zerodha demat account.

Pros and Cons of Zerodha Demat Account

Pros of Zerodha Demat Account

  • Zero charges on equity delivery
  • Low brokerage on intraday trading
  • Allow you to use GTT triggers for automated orders
  • Basket facility to order multiple stocks in one-click
  • Offers stock SIP to invest in particular stocks at regular intervals
  • Efficient trading support

Cons of Zerodha Demat Account

  • MTF (Margin Trading facility) is not allowed
  • Software glitches happen during peak hours sometimes
  • No single platform for all investments such as Kite for trading, Coin for mutual funds, and Golden Pi for bonds.
  • The offline procedure is very time-consuming.

You can also go through our list of the best discount brokers in India to find out more options that suit your needs.

Important FAQs

#1. What are Zerodha DP charges?

Zerodha has fixed DP charges of Rs. 13.5 (+ 18% GST) per day per scrip for the stocks that you sell from your demat account. 

#2. Can I open a Zerodha account for a minor?

Yes, you can open a Zerodha account for minors through the offline process. But remember a minor cannot buy shares. 

A guardian can buy shares from his/her own account and then transfer them to the minor’s account. 

#3. Is it safe to open an account in Zerodha?

Yes. Zerodha is a SEBI registered broker which is safe to use.

#4. Zerodha square-off time?

Zerodha auto square-off timings are 

  • Equity cash – 3.20 pm
  • Equity derivatives – 3.25 pm

#5. Where to send Zerodha’s nomination form?

You can add the nomination to your Zerodha’s account in two ways –

#1. Online method

  • Go to Console.Zerodha.Com
  • Click on nomination
  • Fill in the details and that’s it.

You have to upload your nominee’s self-attested Aadhar card copy along with other details.

#2. Offline method

You can also send the nomination form (nominee’s self-attested Aadhar card copy) to Zerodha’s head office –

Zerodha,

153/154, 4th Cross, J.P Nagar 4th Phase,

Opp. Clarence Public School,

Bengaluru – 560078

Download the nomination form using this link.

About Rajan Dhawan

Rajan has covered personal finance and investing for over 5 years. Previously, he was in the IT field for 8 years after completing his MCA but his deep interest in personal finance led him to become an investing expert. He is passionate about investing, stocks, startups, and cryptos.

Leave a Comment