Free Trading + Demat Account

Zerodha Open Account | Account Opening Process Review

Zerodha is Bangalore based discount stock broker. Zerodha offers online stock and commodity trading to retail customer. Since its inception in Aug 2010, Zerodha has grown significantly. As of Nov 2016, Zerodha has over 1.5 lakh customers and over 5% of daily trading volume at BSE and NSE.

Facts about Zerodha (as of Nov 2016)

  • When was Zerodha started?15 Aug 2010
  • How many customers does Zerodha have? Over 1.5 Lakhs
  • How many employees does Zerodha have? 500+

Commonly asked questions before opening account with Zerodha

  • Is Zerodha safe? Yes as safe as any other broker. But they do proprietary trading which makes more risky than other discount brokers like ProStocks.
  • Does Zerodha offer commodity trading? Yes
  • How much brokerage does Zerodha charge? ₹20 per trade flat
  • Do I have to keep minimum balance in my account? No
  • Is there a fixed monthly change? No
  • Do I have to pay for software uses? No, all trading software and tools are free.
  • How much is the demat transaction changes? ₹13.5 per script per day on sell transaction.
  • Does Zerodha has branches? Zerodha is an online broker with very few offices.
  • How Zerodha charge so less brokerage? They use latest technology and keeping the cost low.

Find 20 reasons why you should open an account with Zerodha.

Zerodha Account Opening

To trade (in stock, commodity or currency) or to invest (in stocks, mutual funds) with Zerodha, customer has to open a trading account and a demat account. The demat account is not mandatory for customer planning to trade only in derivatives.

Zerodha offers 3 types of accounts:

  • Trading account for equity and currency derivatives.
  • Demat account to take delivery of stocks.
  • Commodity account to trade commodity futures on MCX.

Zerodha also offers 2-in-1 account (a combo of trading account and demat account) which offers smooth automatic transactions between these two accounts.

One customer account has access to all the segments but each segment has to enable separately at the time of account opening or at later point of time.

How to open an account with Zerodha?

To open account with Zerodha, simply leave you contact information here. Zerodha representative will contact you in next few hours to takes you through steps to open an account.

Zerodha offers online account opening process where you can fill the information online, print it and courier it to them.

Zerodha Account Opening Status

Zerodha takes 2 working days to open the account after they receive the signed account opening forms. Customer receive an email confirmation after the account is opened.

If you do not receive a welcome email after 2 days, please give a call you Zerodha support team and they can tell you the status of account opening.

Zerodha Account Opening Form

Zerodha Account Opening Forms are available on its website. You could also fill the online account opening application, print it, sign it and courier to Zerodha's Bangalore office.

Zerodha Account Closure

The Zerodha Trading and Demat account gets deactivated if you do not use them for 6 months. This dormant trading account can be activated by calling Zerodha.

If you are a Zerodha and not using the account anymore or moved to another broker, it is recommended to close the account to avoid paying AMC charges. It also reduces the chance of misusing the account by someone else.

Zerodha customer may close the accounts with Zerodha at any point of time. Easiest way to close the account with Zerodha is submit an application for Account Closure. The application form can be downloaded from Zerodha's website. Customer can fill the form, sign it and courier it to the Bangalore office.

Note that after the application for account closure is received, it may take up to 2 working days to close the account. Customer receive the email notification with the status updates on account closing procedure.

Note to clear all the balances before closing the account. Also note that Zerodha do not charge anything for account closure.

Zerodha Account Opening Charges

Customer pays account opening fee for trading account opening with Zerodha. The account opening fees are as below:

  • Zerodha Account Opening Charges (Trading Acct): ₹300
  • Zerodha AMC Charges (Trading Acct): ₹0 (Free)
  • Zerodha Account Opening Charges (Demat Acct): ₹100
  • Zerodha AMC Charges (Demat Acct): ₹300

Information about Zerodha account opening, Zerodha open account, Zerodha opening charges, Zerodha account opening charges, Zerodha account opening status, Zerodha amc charges, Zerodha account charges and Zerodha account closure.

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