How to open paperless Zerodha Demat and Trading account online?



To invest in stocks we will be required a Demat account. Zerodha is India’s largest and most popular stockbroker. Today we will see for what reason ought to have Demat with Zerodha. We will also learn how we can open Zerodha account by simply sitting at home. 

Why Zerodha?

  • Equity Delivery = Zero Brokerage (free)
  • Equity Intraday = 0.03% or Rs. 20 Brokerage per executed order whichever is lower
  • Online account Opening, No paperwork required
  • Sleek, modern and intuitive trading platforms
  • Kite – Investment and trading platform
  • Console – Central dashboard for your Zerodha account
  • Coin – Platform lets you buy mutual funds & Govt. Securities. So you don't require other companies apps for mutual fund investments. Zerodha account is enough for shares and MF both.
  • Varsity – Educational platform for its clients
  • Easy to understand brokerage structure
  • No Relationship Managers, no sales target, no forced trades
  • Excellent customer support mechanism

How to open Zerodha Demat & Trading account?

We need to keep ready scanned copy of below documents

  • Pan Card
  • Aadhar Card
  • Canceled cheque/ Bank statement
  • Your Signature on a piece of paper
  • Passport size photos

Income proof – If you want to trade in Futures and options then you need to submit income proof (Form-16, IT acknowledgment copy, 6-month bank statement or your latest salary slips)

Step 1: Click here  & go to the Zerodha account opening page.

Step 2:  Enter your mobile number. You will receive an instant OTP to verify the mobile number.

Step 3: Enter your name & email id. You will again receive an OTP to verify your email id.

Step 4: Enter your PAN and date of birth in the field provided.

Step 5: Make the payment through UPI or Net-banking/Card payment.

For equity = Rs 200 

For commodity = Rs 100

For equity & commodity both = Rs 300

click on ‘Pay & Continue’

Step 6: After payment, you have to connect Aadhar details via Digilocker.

you need to create a Digilockeer account and link your Aadhar with it. Click on ‘Connect to DigiLocker’ and this will open a new page, sign up to Digilocker using your phone number.

If you already have an account, click on ‘Sign in’ option.

Step 7: After entering in DigiLocker account, select the Aadhar cardIf you are just created a new account, enter your Aadhar number and verify using OTP received on your phone.

After that, click on ‘Link your digilocker with Zerodha’.

Step 8: After Aadhar verification, a new screen will display“Let’s finish the application”. Here, you need to fill up your bank Details.

After that, you have to fill some personal details. After entering the details, click ‘CONTINUE’

Step 9: IPV Verification over webcam/phone.

IPV or In-person-verification is a process where a depository participant in personal verifies documents and other details as per the law by SEBI. Every investor must go through the in-person verification process before opening a Demat and trading account.

An OTP will display on the screen. You need to write down this OTP on a piece of paper. Then hold the piece of paper with the code in front of your mobile phone or webcam.

Click on “Start IPV”, then click on “Take Video” and finally on “SAVE IPV”.

Step 10: Next, you will have the option to either Digitally sign the application with Aadhaar (mobile OTP) or else print & courier it. Aadhaar Option is a faster approach.

Step 11: Upload scanned copy of the documents: Bank Account Proof, your current signature, PAN. Income Proof is optional & only required if you want to trade Futures & Options.

Step 12: Click on ‘eSign Equity’ button and proceed to the next step. Enter the ‘Security Code’ received on your registered Mobile no/Email and click on ‘submit’.

Step 13: In the next window, enter your Aadhaar number, tick the checkbox and click on ‘Request OTP’ button. Here, enter the OTP number received on your mobile. With this the eSign process for Equity is complete.

Note: If you also opted for commodity trading account, repeat the same process by clicking on ‘eSign commodity’ as shown in ‘Step 12 ‘.

Step 14: Once you’ve completed the application sign up, you will have to download the Demat POA (Power of attorney) form, fill it up & send it to the address mentioned below.

Address:

Zerodha, H. O [No.153/154 4th Cross Dollars Colony,

Opp. Clarence Public School,

J.P Nagar 4th Phase,

Bangalore – 560078

You can start trading from the day you receive your client id & password. I advise you to send POA documents as soon as possible as if these documents are not reached to Zerodha, then you will not be able to sell the stocks. However, you still can buy stocks.

If you still find any difficulty, you can contact to Zerodha contact no.

Timing: 9:00 AM TO 6:00 PM

080 4719 2020

080 7117 5337

Or you can watch this video for assistance


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