Zerodha is Bangalore based discount stock broker. Zerodha offers online stock and commodity trading to retail customers. Since its inception in Aug 2010, Zerodha has grown significantly. As of Jan 2019, Zerodha has over 8.47 lakh customers and over 10% of daily trading volume at BSE and NSE.
Facts about Zerodha (as of Jan 2019)
Commonly asked questions before opening account with Zerodha
To trade (in stock, commodity or currency) or to invest (in stocks, mutual funds) with Zerodha, a 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:
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.
To open account with Zerodha, simply leave your contact information here. Zerodha representative will contact you in the 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 has recently started offering the Zerodha IDFC FIRST Bank 3-in-1 Account wherein a trading, demat and bank account are linked to each other. This facilitates fast transactions and seamless trading experience. The 3-in-1 account is only available to new customers holding an account with IDFC FIRST Bank. To open an account, you need to open a bank account with IDFC FIRST Bank. Once your Bank account is open, you can open a 3-in-1 account with Zerodha.
The Zerodha 3-in-1 account can only be opened online. To open a 3-in-1 account, call Zerodha's customer care and they will help you with the account opening process.
Zerodha takes 2 working days to open the account after they receive the signed account opening forms. The customer receives an email confirmation after the account is opened.
If you do not receive a welcome email after 2 days, please give a call to Zerodha support team and they can tell you the status of account opening.
Zerodha Account Opening Form PDF is available for download on its website. Here are the steps to download Zerodha Account Opening Form PDF-
You could also fill the online account opening application, print it, sign it and courier to Zerodha's Bangalore office.
The Zerodha Trading and Demat account get 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. The easiest way to close the account with Zerodha is to 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.
Customer pays account opening fee for trading account opening with Zerodha. The account opening fees are as below:
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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