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HDFC Securities Stock Trading, Demat, Brokerage and Reviews 2022


19.24% 1,141,264 Clients

Zerodha (Trade with the best stock broker)

Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

Incorporated in 2000, HDFC Securities is one of the leading full-service stock brokers in India. HDFC Securities is a subsidiary of HDFC Bank. The company allows its customers to trade and invest in shares, bonds, futures, options, buybacks, mutual funds, IPOs, currency derivatives, commodities, stock portfolios, etc. HDFC Securities is a SEBI registered broker and a member of BSE, NSE, MCX, CDSL and NSDL.

HDFC Securities provides trading services through multiple trading platforms to make customers' investment experience hassle-free and seamless. Customers can also invest by calling or visiting a branch.

HDFC Securities provides more than 30 products and has 1,800,000+ clients across various businesses. The company has more than 270 branches across India.

HDFC Securities charges the lowest brokerage of 0.10% per trade for Equity Delivery and Rs 20 per transaction for derivatives trading. HDFC Securities offers a 3-in-1 account combining a savings bank, trading, and a Demat account. Customers will just need one account to make all of their investments.

HDFC Securities USP

What makes HDFC Securities different from the competition?

  • Instant online, paperless account opening.
  • One-stop shop for all your investments.
  • Multiple platforms and trading options.
  • The lowest brokerage of 0.10% per trade for Equity Delivery.
  • Portfolio Tracking in Depth.
  • 24/7 assistance and Call &Trade service.
  • Get payout up to Rs 5 lakhs on the same day with enCash Facility.
  • Relationship Manager Service.
  • Margin Trading Facility.
  • Various Brokerage plans
  • Free Basket Investment registration.
  • 3-in-1 account opening.

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews

HDFC Securities Charges 2022

Account Opening Fee: Rs 999 (Including trading account, bank account and DP account with HDFC)

Please note: For HDFC Bank savings account minimum balance (Average Quarterly Balance) of Rs 10,000 (Metro / Urban) or Rs 5000 (Semi-Urban / Rural) is required. If you already have Saving account or DP account with HDFC, you could link them with trading account.

Brokerage for Delivery Based Trades

Equity Segment
Delivery Based Trades Resident Indians - 0.50% or min Rs 25 or ceiling of 2.5% on transaction value (Both Buy & Sell)
For NRI's - 0.75% or min Rs 100 or ceiling of 2.5% on transaction value (Both Buy & Sell)
Square-Off Trades Cash & Carry Scrips 0.10% or min Rs 25 or ceiling of 2.5% on transaction value (Both Buy & Sell)
Square-Off Trades Margin Scrips 0.05% or min Rs 25 or ceiling of 2.5% on transaction value (Both Buy & Sell)
 
Derivatives (Futures Market)
Non-Square Off (Carry Forward) Trades 0.05% or min Rs 25 or ceiling of 2.5% of transaction value (Both Buy & Sell)
Square-Off Trades 0.025% or min Rs 25 or ceiling of 2.5% of transaction value (Both Buy & Sell)
 
Derivatives (Option Market)
Brokerage Higher of 1% of the premium amount or Rs 100 per lot (Both Buy & Sell)

Other Standard Charges on Trades

Goods and Services Tax (GST) 18% on Brokerage
Securities Transaction Tax (STT) 0.125% of transaction value (Both Buy & Sell)
Stamp Duty 0.01% on turnover
SEBI Turnover Tax Rs 5 per Crore on turnover

Useful Articles:

Visit HDFC Securities Brokerage Charges Review for more detail.

Zerodha (Trade with the best stock broker)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.


HDFC Securities Online Account Opening

HDFC Trading and HDFC Demat Account opening process is very easy. You could use the following 6 steps to Open Your Account via HDFC Securities Website or App:

  1. Enter mobile number & OTP
  2. Enter Personal Details
  3. Add Bank Details
  4. Choose Trading Plan
  5. Complete Video In-Person Verification
  6. Aadhaar based E-KYC/Upload & E-Sign documents

Note: The account would be opened after all procedures relating to IPV and client due diligence is completed.

Documents Required

Any Indian resident/non-resident individual NRI (except for the US NRIs) or an Indian Corporate can register with HDFCsec. The following documents are required to open an account with HDFCsec.

  1. Pan card
  2. Aadhaar card or e-Aadhaar from DigiLocker
  3. Bank Statement/Cheque

HDFC Securities Trading Software (HDFC Securities Trading Platforms)

HDFC Sec offers multiple investment platforms. These trading platforms are personalized for beginners and experienced investors. Available trading software includes an installable trading terminal, a browser-based trading website and mobile trading app.

1. HDFC Securities website

The web platform is built on state-of-the-art Web 2.0 technology, ensuring a smooth trading experience on both the BSE and the NSE.

2. HDFC Securities Mobile App

The mobile trading app works on all smartphones, including Android and iPhone. The mobile app has various features such as live market news and data, investment tracking, quick IPO application, regular notifications, etc.

3. Pro-Terminal

Pro-Terminal is an installable software platform that offers high speed and quality performance to traders. HDFC Pro-Terminal collects data from thousands of sources across the world and gives users real-time information and assists them in making informed market decisions.

 

Visit HDFC Securities Trading Software Review for more detail.

Zerodha (Trade with the best stock broker)

Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

HDFC Securities Pros and Cons


HDFC Securities Pros (Advantages)

The following are the advantages of HDFC Securities. You must read HDFC Securities advantages and disadvantages before opening an account with HDFC Securities. HDFC Securities pros and cons help you find if it suits your investment needs.

  1. Integrated 3-in-1 account (banking, broking, and demat accounts) is available. This makes HDFC extremely convenient trading platform.
  2. Investment online in IPOs, Mutual Funds, GOI Bonds, Insurance and Postal Savings Schemes all from one website.
  3. Trading is available in both BSE and NSE.
  4. Excellent trading platform for beginners.

HDFC Securities Cons (Disadvantages)

The following are the cons of HDFC Securities. Check the list of HDFC Securities drawbacks.

  1. HDFC Sec brokerage is very high and not negotiable.
  2. HDFC doesn't offer commodity trading. You cannot trade at MCX or NCDEX through HDFC.
  3. In the 3-in-1 account, the Demat Account has to be opened with HDFC Bank Ltd as the Depository Participant (DP) and the Bank Account has to be opened with HDFC Bank as the Banker.
  4. HDFC minimum brokerage charge is Rs 25 per trade which is very high. The most discount broker doesn't have a minimum brokerage.
  5. HDFC charges flat Rs 0.05 per share brokerage on stocks quoting up to Rs 10. This makes it very difficult to trade in penny stocks.

HDFC Securities Margin Exposure

HDFC Securities margin for intraday trading is up to 20% of trade value (max 5x leverage) based on the stock. HDFC Securities F&O intraday trading margin is 1.3x across Equity, Currency, and Commodity trading at BSE, NSE, and MCX. There is no additional margin offered for HDFC Securities F&O carry forward positions and equity delivery trades.

SegmentMarginLeverage
Equity Delivery100% of trade value1x
Equity IntradayUp to 20% of trade value5x
F&O (Equity, Currency and Commodities)100% of NRML margin (Span + Exposure)1x

HDFC Securities Ratings

Overall Rating Rated 2.1 stars 2.1/5
Fees Rated 2.1 stars 2.1/5
Brokerage Rated 1.8 stars 1.8/5
Usability Rated 2.9 stars 2.9/5
Customer Service Rated 2.5 stars 2.5/5
Research Capabilities Rated 2.7 stars 2.7/5

Based on 221 Votes by HDFC Securities Customers

Do you trade with HDFC Securities? Rate HDFC Securities


HDFC Securities Complaint

The number of HDFC Securities customer complaint received by the exchanges. The HDFC Securities consumer complaint report helps understanding the HDFC Securities Ltd quality and relibility of service.

Exchange Financial Year Number of Clients* Complaints** %
NSE 2022-23 1,173,032 36 0%
NSE 2021-22 1,141,264 251 0.02%
BSE 2021-22 376,081 31 0.01%
NSE 2020-21 957,085 285 0.03%
NSE 2019-20 720,150 104 0.01%
BSE 2019-20 233,681 13 0.01%
NSE 2018-19 668,312 87 0.01%
BSE 2018-19 175,213 9 0.01%
NSE 2017-18 602,493 102 0.02%
BSE 2017-18 331,578 33 0.01%

* The number of active customers reported by the broker.

** The total number of complaints received against the broker at the given exchange.

Visit HDFC Securities Complaints at BSE, NSE and MCX for detail report.


Frequently Asked Questions

  1. 1. How to close HDFC securities account?

    HDFC Securities has separate forms to close the Trading and the Demat account.

    Steps for closing HDFC securities account:

    1. Download the HDFC Securities Trading Account Closure Form and HDFC Demat Account Closure Form.
    2. Fill in the required details like DP ID, Client ID, Trading account ID, Name/s & address of the account holder, and the reason for closing the account, etc.
    3. Submit the form to your nearest HDFC branch.

    Please Note:

    • There is no charge for closing your account.
    • If your account has any negative cash balance, it must be settled before requesting account closure.
    • All securities must be either transferred to another Demat account or sold before initiating the account closure request.
    • All holders are required to sign the closure request form.
    • Submit the blank delivery instruction booklet slips back to the DP.

     

  2. 2. How HDFC securities work?

    HDFC Securities is a full-service broker offering online and offline trading services.

    HDFC Securities is a one-stop shop for all trading and investment needs. The broker provides 30+ product avenues spread across various asset classes like Stocks, Derivatives, Mutual Funds, Gold, Fixed Income, Real Estate, Insurance, Loans, US Stocks, Investment Advisory, and much more.

    The company offers 3-in-1 investment account services that include a bank account, trading account, Demat account, and access to powerful tools and research for a seamless and smooth trading experience for its customers.

    HDFC Securities allows you to invest through the web, desktop, mobile app, tele broking services, or through a network of their 270+ branches.

     

  3. 3. How is HDFC securities for trading?

    HDFC Securities is a subsidiary of a leading and well-reputed private sector bank, HDFC Bank, that offers trading, investment, and research services to retail, institutional and corporate customers.

    HDFC Securities provides online, offline, and call and trade solutions to its customers. You can trade using HDFC mobile app or its trading website or visit any of the nearest HDFC Securities branches for offline support to seek guidance and assistance.

    HDFC Securities has a range of investment products and services that cover each of your investment needs. HDFC Securities product portfolio includes - Equity, Derivatives, Currency, Commodity, Mutual Funds, NCD, IPO, Gold, US Stocks, Bonds, Insurance, Fixed Deposits, NPS, personal finance, and much more.

    HDFC Securities has tailor-made trading account opening offers with a free Demat account. The broker also provides different value brokerage plans that charge Equity Delivery brokerage as low as 0.10%, Equity Intraday at 0.01%, and flat Rs 20 for F&O.

     

  4. 4. How to unlock HDFC securities account?

    HDFC Securities account can be unlocked online easily using HDFC Securities mobile app or through its trading website.

    Steps to unlock your HDFC Securities account:

    • Open the HDFC Securities Mobile App or visit the HDFC Securities website.
    • Go to the login screen.
    • Click on 'Unlock Username'
    • Enter your PAN number and DOB in ddmmyyyy format.
    • Click on Submit.
    • Enter the OTP received on the registered mobile number/email ID to unlock the account.


     

  5. 5. How to buy in HDFC securities?

    You can buy in HDFC Securities online through HDFC Securities trading platforms (web/mobile app), or through Call and Trade facility or by visiting the nearest HDFC Securities branch.

    To buy stocks through HDFC Securities, you need to have a trading and Demat account with the broker and sufficient money in your trading account.

    Steps to buying stocks in HDFC Securities online:

    1. Login to your HDFC Securities mobile app.
    2. Click on 'More' on the home screen.
    3. Go to the 'Trading' option.
    4. Select 'Buy'/Sell.
    5. Click on Buy as the transaction type.
    6. Enter the company name.
    7. Enter the below parameters to place the buy order.
      • Exchange - BSE/NSE
      • Product Type - Cash/Intraday/Margin/Cover/E-Margin/
      • Order Type - Market or Limit
      • Order Validity - Day/IOC/SES (in case of BSE)
      • Quantity - Number of stocks you want to buy.
      • Price (in case of a limit order).
    8. Click on 'Place Order'.
    9. Check order Details and Confirm.
    10. Click on 'Submit'


     

  6. 6. How to buy an IPO online in HDFC securities?

    You can buy an IPO online in HDFC Securities through UPI or ASBA.

    Steps to buying IPO online through UPI:

    1. Log in to your HDFC Securities web account or mobile app.
    2. Click on the IPO/OFS
    3. Click on the desired IPO for application.
    4. Select Retail as the investor status.
    5. Click on Apply Using UPI.
    6. Enter the IPO bid details.
    7. Provide your UPI ID and select the bank.
    8. Click on Go.
    9. Read & agree to the disclaimer.
    10. Accept the UPI mandate for payment of the application.
    11. Enter the UPI pin to authorize the transaction.


    Steps to apply IPO online in HDFC securities through ASBA:

    1. Log in to your HDFC Net Banking Account.
    2. Click on 'IPO Application' under Request on the left side menu.
    3. Select the IPO.
    4. Enter the below details for IPO:
      • Investor status as retail or HNI
      • The number of shares for bidding.
      • Bid price or just tick on the cut-off price.
      • HDFC Securities depository details.
    5. Confirm your Order.

    You can also edit or cancel your IPO application online while the IPO bidding window is open.

     

  7. 7. Can an NRI open an HDFC securities account?

    Yes, NRIs can open an account with HDFC securities.

    HDFC Securities offers a 3-in-1 account with combined benefits of Demat, Trading, and bank account (NRE/NRO with PIS permission) for a seamless and hassle-free trading experience to NRIs.

    HDFC Securities NRI account allows you to invest in Equities, Derivatives, Mutual Funds, Bonds, IPOs, Gold ETFs, Corporate FDs, NPS, and Realty.



     

Zerodha (Trade with the best stock broker)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.


468 Comments

468. Pushpa Jha   I Like It. | Report Abuse |   Link | Sep 17, 2022 6:48:27 AM Reply
U should reduce brokerage charge from hdfc securities.it’s very difficult to purchase a penny share

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Below Average
Website Usability - Average
Research Capabilities - Very Poor
Customer Service - Average
Overall Experience - Below Average
467. Rajesh   I Like It. | Report Abuse |   Link | May 24, 2022 2:28:25 PM Reply
Brokerage very high for small investors.
Customer service very poor.

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Average
Website Usability - Above Average
Research Capabilities - Above Average
Customer Service - Below Average
Overall Experience - Average
466. Anonymous   I Like It. | Report Abuse |   Link | Mar 3, 2022 5:41:49 PM Reply
Never ever use hdfc securities. They will sell your shares after closing demat account on their own . Its worst app.

The bank closed my demat account for which they are unable to give any reason and hdfcc securities sold all the shares on their own .

Hdfc enjoyed the brokerage while buying the shares and selling and i incurred the loss even though issue is at the bank level about which they themselves dont know anything.

Till now they dont know why demat account got closed.

Customer care is also very bad they themselves dont know about their own product.
466.1. Emmy   I Like It. | Report Abuse |   Link | Apr 13, 2022 9:03:09 PM
Absolutely hdfc securities is the worst, irresponsible system, their charges are exorbitantly high and they don’t care about customers or customer services. They will sell off stocks without a/c holders consent nor inform the customer.. they deduct money from your a/c but hardly any staff can explain the details. Totally disappointed
465. Garry   I Like It. | Report Abuse |   Link | Mar 31, 2022 8:24:41 PM Reply
Worst app totally useless

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
464. Dax   I Like It. | Report Abuse |   Link | Mar 3, 2022 4:04:18 PM Reply
Does HDFC Securities reduce brokerage charges on request. I received a call from them and they're saying they can reduce with certain T&C.
Waiting to hear from them. Does anyone else has similar experience please share.
463. Surinder   I Like It. | Report Abuse |   Link | Feb 17, 2022 3:09:31 PM Reply
I’m Hdfc bank account customer. Please Don’t open online account because when I trying to open DigiDemat then they open only Demat not trading account. After lots of complaints they only reply give your contact details I sent everything but never solve my problem. And when I sent demat closer email they never reply and never close my Demat.
462. Sanjeev Kumar   I Like It. | Report Abuse |   Link | Feb 15, 2022 5:29:28 PM Reply
Inexperienced relationship managers and very high fees. Not recommended.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Below Average
Research Capabilities - Below Average
Customer Service - Below Average
Overall Experience - Very Poor
461. Satyavir Singh   I Like It. | Report Abuse |   Link | Jan 19, 2022 9:25:07 PM Reply
Very Bad experiance, in spite of highlighting, HDFC security is charging Transaction amount as per their choice. No one is there to listen. One should monitor their transaction or better to escape from their net
Their employee are changin frequently and no seriousness

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Average
Research Capabilities - Average
Customer Service - Very Poor
Overall Experience - Very Poor
460. Anand   I Like It. | Report Abuse |   Link | Dec 15, 2021 5:58:07 PM Reply
HDFCSec is one of the worst broker in India. lot of hidden charges and too many plans to charge customer. no straight forward charges or customer can never understand charges easily. I did derivative options trading and shocked to I was charged Rs.2 per unit (1 banknifty lot is 25 unit, charged Rs.50 per lot). One I did 150 lots and shocked to see I was charged Rs7500 as brokerage + GST + other charges. But before doing this trade I got sms that brokerage is revised and it will charged at 0.025%, I am not getting answer how it translates to Rs.2 per unit. most brokers charge only Rs.20 per order, even if I place 1 lot per order, my 150 lots would be charged only Rs.3000, where as hdfcsec charged Rs.7500. worst charges in the market... Reaching customer care is another big problem, every call will run for atleast half hour and representative have to put you on hold to get answer our questions. Please stay away from HDFCSec...

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Below Average
Research Capabilities - Average
Customer Service - Very Poor
Overall Experience - Very Poor
460.1. Tarun Kumar Singh   I Like It. | Report Abuse |   Link | Jan 6, 2022 2:07:36 PM
Absolutely correct they are now cheating . Worst organisation
459. Tarun Kumar Singh   I Like It. | Report Abuse |   Link | Jan 6, 2022 2:05:40 PM Reply
Now HDFC Security have started fooling customers. suppose you place an order of 100 share of a company on SOR basis they will purchase 95 from NSE and 5 from BSE and than apply minimum charges on 5 share.
This is one type of cheating and they even do not respond to your concern.
458. Harikrishna Kanse   I Like It. | Report Abuse |   Link | Dec 22, 2021 12:18:38 PM Reply
Charges are very high as compare to other brokerage firms?
No online facility for Nomination. I had give the nomination at time of Opening the account How come they are saying No Nomination.

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Below Average
Website Usability - Below Average
Research Capabilities - Below Average
Customer Service - Below Average
Overall Experience - Very Poor
457. Mohit   I Like It. | Report Abuse |   Link | Dec 7, 2021 10:08:27 PM Reply
Not suggest any person open account

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Below Average
Website Usability - Above Average
Research Capabilities - Above Average
Customer Service - Above Average
Overall Experience - Average
456. Sandeep   I Like It. | Report Abuse |   Link | Nov 25, 2021 11:42:56 AM Reply
Can not trust backend executives. Not available over call due to constantly changing employees.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
455. Rajendra ROONGTA   I Like It. | Report Abuse |   Link | Nov 23, 2021 2:41:03 PM Reply
The minimum brokerage of Rs. 25 per transaction is a deterrent to retail customers like me. Also they dont provide any RM for guidance despite of hefty brokerage charged by them.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Below Average
Website Usability - Average
Research Capabilities - Average
Customer Service - Below Average
Overall Experience - Below Average
454. jainam   I Like It. | Report Abuse |   Link | Nov 15, 2021 9:55:06 PM Reply
why its more expensive in comparison of other broker ?
( I hope i will get my answer as soon as )

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Research Capabilities - Below Average
Customer Service - Below Average
Overall Experience - Very Poor
453. Manoj Jain   I Like It. | Report Abuse |   Link | Oct 25, 2021 1:12:20 PM Reply
Not at all recommended as a trading platform .. highest brokerage charges in the age where other brokers are charging zero for equity delivery they are still in ages of 0.5%. Obviously, why would they like to change their bread and butter.

Now customer orientation, after sending POA for 4 times submitting to thier office either it is lost in transition or something but never got approved even after 6 months .. using edis for selling stocks.

When applied for CDSL easiest for transferring to other broker they block the authentication as they know user will run away with their stocks to other broker.
452. MANISH VIJAY   I Like It. | Report Abuse |   Link | Oct 13, 2021 10:09:59 AM Reply
THEY ALL LIE . IF YOU WANT TO CLOSE YOUR ACCOUNT THEY WILL NOT CLOSE ONLY ASK YOU TO GO HERE AND THERE / I WAS HARRASSED FOR 6 MONTHS TO CLOSE MY ACCOUNT AND AT LAST I HAVE LODGE COMPLAIN IN RBI OMBUDSMEN , SEBI AND WITHDRAW ALL MY MONEY FROM SAVING ACCOUNT .
451. AVINASH SINGH   I Like It. | Report Abuse |   Link | Oct 11, 2021 10:11:59 AM Reply
1 no upgradation of Data of Companies old record of data remain for many small companies.
2 high brokerage.
3. Do not upgrade equities held data in portfolio. Equities sold years ago are included creating confusion.
4. Do not facilitate investment in Direct option of Mutual funds.


Ratings:

Brokerage - Below Average
Account Maintenance Fees - Below Average
Website Usability - Average
Research Capabilities - Average
Customer Service - Below Average
Overall Experience - Below Average
450. rajinikanth   I Like It. | Report Abuse |   Link | Sep 4, 2021 4:32:13 PM Reply
Web Plat form is not good

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Very Poor
Research Capabilities - Excellent
Customer Service - Excellent
Overall Experience - Above Average
449. Omkar   I Like It. | Report Abuse |   Link | Jul 13, 2021 4:52:59 AM Reply
I am a user of HDFC securities . And I wouldn't recommend anyone to open a demat account. Their brokerage is very high. Today I bought a share and they charges me 25% of total value of shares plus gst. This 25% brokerage was not informed in order preview. After market closing when I got the contract note I was shocked to see Rs1000 brokerage on share values of Rs4200. Now I am planning to transfer my shares and close this demat account.

449.1. Somasundaram   I Like It. | Report Abuse |   Link | Aug 22, 2021 8:57:39 PM
Hi, is it true, could you explain or any proof

Are you a Zerodha Customer?