Zerodha Demat Account Online-Opening, Charges, Documents
In today’s digital era, where financial transactions are increasingly shifting towards online platforms, the significance of a Demat account cannot be overstated. A Demat account or dematerialized account, is an electronic repository that allows you to keep shares and assets in an electronic form. Thus, as an investor, you can buy and sell your securities saved in a Demat account via a trusted online brokerage firm. So, when it comes to online brokerage firms in India, Zerodha has emerged as a true game-changer. Founded in 2010, the Bangalore-based fintech company, thus, offers a wide range of services to its customers, including a Demat account, a trading platform, and research reports. So, let’s jump into how to create a Zerodha demat account, shall we?
How Does the Zerodha Account Opening Work?
The Zerodha Demat account operates as a digital platform for securely storing and managing securities. After Zerodha new account opening, investors can access the user-friendly trading platform called Kite. Thus, through Kite, they can place buy and sell orders for various securities and monitor market data.
Zerodha executes the trades on relevant stock exchanges and facilitates settlement, transferring securities from sellers to buyers. Thus, the Demat account process serves as a safe repository for holding securities electronically, allowing investors to track their holdings, view transaction history, and manage their portfolios efficiently. Therefore, with additional features like research tools and investment products, Zerodha simplifies the process of investing and trading in the Indian stock market.
What are the Documents Required for the Demat Account Opening on Zerodha?
The documents required for Zerodha Demat account opening are as follows:
- PAN Card: A self-attested copy of your PAN card.
- Aadhaar Card: A self-attested copy of your Aadhaar card.
- Bank Proof: A canceled cheque or bank statement with your name and account number clearly visible.
- Signature: A scanned copy of your signature.
- Income Proof: If you want to trade in derivatives, you will need to provide income proof. Thus, this can be a salary slip, Form 16, or a bank statement.
Once you have submitted all the required documents, your Zerodha account opening offer will be verified. Usually, the entire Zerodha account opening process usually takes a few days.
What is the Step-by-Step Guide for Demat Account Opening on Zerodha?
One can open a demat account via online and offline methods. Therefore, here we have listed out a step-by-step guide as to how to open Zerodha demat account online process.
1. Zerodha Demat Account Opening via smallcase
If you are looking for a quick and easy way to start investing in the stock market, then opening a Zerodha Demat account via smallcase can be a great option. Thus, a smallcase is a basket of portfolios that reflect an idea, theme, or strategy. However, follow these steps to understand how to open demat account in Zerodha step by step.
- Go to the smallcase website. Under the ‘More’ section, click on the “Open Account” button.
- Enter your phone number to receive an OTP.
- Enter the OTP
- Next, select a broker of your choice.
- After entering the preferred broker, add your name and email ID.
- Once the details have been entered, complete your application process.
- Wait for a few seconds for Zerodha to confirm your demat account.
8. Tada! Your Zerodha demat account is opened.
2. Open Zerodha Demat Account Online
Apart from signing in via smallcase, you can simply visit the website for the Zerodha demat account login. Thus, to trade or invest with Zerodha, a customer needs to open the demat account and trading account.
- Visit the Zerodha website (www.zerodha.com) and click on the “Open an Account” button.
- Fill in your personal details, including your name, email address, phone number, and PAN card information.
- Upload the required documents such as proof of identity, proof of address, and a canceled cheque or bank statement.
- Thereafter, complete the in-person or online verification process as per Zerodha’s requirements.
- Once your application is processed and approved, you will receive your Zerodha account details. Fund your account to start investing in the stock market.
3. Open Zerodha Demat Account Offline
If you’re wondering about “How to Create a Zerodha Demat Account Offline?”, then this section is just for you.
- Visit the Zerodha website and download the online Zerodha account opening forms.
- Attach the supporting documents like passport-size photograph, PAN card details, bank account details, and nominee details.
- Send the forms and documents to the nearest Zerodha branch.
- Once your documents are verified, your account will be opened.
Key Features of Zerodha Demat Account
Here are some of the key features of a Zerodha Demat Account:
- Brokerage-Free Equity Delivery Trades: Zerodha offers zero brokerage on equity delivery trades, making it one of the most cost-effective options for investors.
- Flat ₹20 per trade for intraday and F&O: For intraday and F&O trades, Zerodha charges a flat fee of ₹20 per trade, regardless of the order value.
- Brokerage-free Direct Mutual Fund Investment: Zerodha also offers brokerage-free direct mutual fund investment, allowing investors to invest in mutual funds without paying any commissions.
- Easy Online Account Opening: Opening a Zerodha Demat Account is a simple and hassle-free process that can be done entirely online.
- User-Friendly Trading Platforms: Zerodha offers a variety of user-friendly trading platforms, including Kite web, Kite mobile, and Zerodha Varsity.
- Advanced Charting Tools: Zerodha’s trading platforms offer advanced charting tools that help investors make informed trading decisions.
- Comprehensive Market Data: Zerodha provides real-time market data and news to help investors stay up-to-date on the latest market trends.
- 24/7 Customer Support: Zerodha offers 24/7 customer support to help resolve any issues that investors may encounter.
- Additional Benefits: Zerodha also offers a number of additional benefits, such as margin trading, IPO applications, and access to Zerodha’s research reports.
How to Get Zerodha Demat Account Number?
There are two ways to get your Zerodha Demat Account Number:
1. Check your Zerodha account dashboard:
- Log in to your Zerodha account and go to the “Account” tab.
- Click on “Demat”.
- Your Demat ID will be displayed under the “Demat Account Details” section.
2. Check your Zerodha account statements:
- You can also find your Demat ID on your Zerodha account statements.
- Your Demat ID will be listed under the “Client ID” section.
Your Demat ID is a 16-digit number. The first 8 digits are the DP ID (Depository Participant ID), and the last 8 digits are your client ID.
Here is an example of a Zerodha Demat ID:
1208160001234567
In this example, the DP ID is 12081600, and the client ID is 01234567.
What are the Zerodha Demat Account Opening Charges and Fees?
Thus, an investor who wants to trade online can open a zerodha account online.
Now, for the Zerodha account opening online/ offline, a customer needs to pay the following Zerodha charges for account opening charges.
Charges for the Type of Account Opening
| Type of Account | Charges |
|---|---|
| Online account | ₹ 200 |
| Offline account | ₹ 500 |
| NRI account (offline only) | ₹ 500 |
| Partnership, LLP, HUF, or Corporate accounts (offline only) | ₹ 500 |
Zerodha Account Opening Charges
| Transaction | Charges |
|---|---|
| Trading Account Opening Charges | ₹200 |
| Account AMC Charges | ₹0 |
| Demat Account Opening Charges | ₹0 |
| Demat AMC (Yearly) | ₹300 |
Can We Buy and Sell Stocks on Zerodha?
As a Zerodha customer, you can buy stocks, mutual funds, IPO and trade in derivatives at BSE, NSE and MCX.
Therefore, to buy or sell stocks on Zerodha, you will need to create a trading account and fund it with a minimum amount of ₹2000. Once you have funded your account, you can start trading by placing orders for the stocks you want to buy or sell. Thus, you can place orders for stocks listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
However, when shares are sold from the demat account, a Depository Participant (DP) charge is imposed by the depository, namely Central Depository Services (India) Limited (CDSL). The DP charge in Zerodha is ₹13.50 (₹5.50 by CDSL and ₹8 by Zerodha) + 18% GST and is applicable per day and per stock, regardless of the quantity sold.
Steps on how to buy and sell stocks on Zerodha:
- Create a trading account with Zerodha.
- Fund your trading account with a minimum of Rs. 2000.
- Download the Kite app or log in to the Zerodha platform.
- Search for the stock you want to buy or sell.
- Enter the number of shares you want to buy or sell.
- Enter the price you are willing to pay for the shares.
- Select the type of order you want to place.
- Click on the “Buy” or “Sell” button.
- Another trader will match your order and execute it as soon as possible.
- You will receive a notification when your order is executed and the shares are credited to your demat account in Zerodha.
Thus, this account can help you to buy and sell shares easily and quickly. It also provides you with a safe and secure place to store your investments.
What are the Benefits of Opening a Zerodha Demat Account?
Zerodha demat account opening process can be one of the most affordable in India. Therefore, here are some of the benefits of opening a demat account on Zerodha:
- Low Fees: Zerodha charges a flat fee of ₹200 per year for its Demat account. Thus, there are no monthly or quarterly charges.
- Easy to Use: Zerodha’s trading platform can be easy to use and has a wide range of features.
- Safe and Secure: CDSL holds Zerodha’s Demat account, which is however, a leading depository in India.
- Wide range of Services: Zerodha may offer a wide range of services, including a Demat account, a trading platform, and research reports.
What are the Important Tips and Precautions for Zerodha Account Holders?
As a Zerodha Demat Account holder, here are some important tips and precautions to keep in mind to ensure a secure and successful investing experience.
- Securely Managing Login Credentials and Account Information: It is crucial to keep your Zerodha login credentials, such as username and password, confidential. Thus, enable two-factor authentication (2FA). Avoid sharing sensitive account information with others and be cautious while accessing your account from public or shared devices.
- Staying Updated with Market Trends: Stay informed about market trends, news, and updates related to the stocks and securities you are interested in. Additionally, utilize Zerodha’s research tools, market analysis reports, and educational resources to make well-informed investment decisions.
- Utilizing Risk Management Tools and Strategies: Set stop-loss orders to limit potential losses. You can also use Zerodha’s tools like Trailing Stop Loss to protect profits. Therefore, portfolio diversification across different sectors and asset classes can spread risk. So, it’s advisable to regularly review and assess your investments.
- Contacting Zerodha Customer Support: If you have any queries, concerns, or technical issues related to your Zerodha demat account, don’t hesitate to reach out to their customer support. You can contact them via phone, email, and live chat. As a result, Promptly addressing any questions or issues can help ensure a smooth and satisfactory experience with your Zerodha demat account.
To Wrap It Up…
Papers held securities earlier, making them susceptible to theft, fraudulent exploitation, tampering, or displacement. You can, however, hold your securities electronically if you have an online Demat account.
Therefore, if you’re looking for a more secure and hassle-free process to open a demat account? Try opening a Zerodha demat account online via smallcase. Experience the convenience, diversification, and growth potential that come from combining the power of smallcase’s curated portfolios with trusted Zerodha broker services.
As always, please do your own research and/or consult a financial advisor before investing.
FAQs
An electronic account that holds and facilitates the trading of financial securities such as stocks, bonds, and mutual funds in electronic form. However, to open demat account, register with a DP.
Zerodha online account opening fee is ₹200 (one-time), while offline is ₹400. Account opens within 24 hours upon application receipt.
The Zerodha account will be opened within 72 hours if the KYC is verified and the Zerodha account opening documents are correct.
No minimum balance is required in Zerodha. Open an account, fund with any amount. Demat AMC is Rs. 300/year, deducted quarterly.
Yes, Zerodha is often considered a good choice for beginners in the world of investing and trading due to its low-cost, user-friendly interface, transparent fee structure, educational resources, and large community support. However, one must consider their risk appetite and investment goals before investing.
There is no limit to the withdrawal amount from the Zerodha trading account. Thus, the withdrawal limit is dependent on the remaining balance in your trading account.
No, Zerodha does not charge a monthly fee for its trading accounts. However, there is an annual maintenance charge (AMC) of Rs. 300 per year for the demat account.
No, you can only send money from your own bank account that is linked to the trading account.
To close your Zerodha Demat account, you can either fill up the closure form and submit it to Zerodha. However, you can also do it online by logging in to your Zerodha account and clicking on the “Close Account” option.
All About Demat Accounts on Smallcase –
Learn what are demat accounts, how to use them, process to open a new demat account with the multiple broker supported on smallcase platform. Below is the list of such articles to help you with the Demat process –
