Opening a demat account with Zerodha, India’s leading online brokerage firm, is a simple and straightforward process. In this article, we will provide you with a step-by-step guide on how to open a Zerodha demat account, the eligibility criteria, the documents required, the charges, and the brokerage fees for different segments.
Eligibility Criteria for Opening a Zerodha Demat Account
To be eligible to open a Zerodha demat account, you must be:
1. An Indian resident over the age of 18 years
2. Have a valid PAN Card
3. Have a valid bank account with any of the banks that are partnered with Zerodha
Documents Required for Opening a Zerodha Demat Account
To open a Zerodha demat account, you will need the following documents:
1. PAN Card
2. Aadhaar Card or Voter ID card or Passport or Driving License (any one of these)
3. Cancelled Cheque or Bank statement with your name and account number clearly visible
Steps to Open a Zerodha Demat Account
Step 1: Visit the Zerodha website and click on the “Open an Account” option on the top right corner of the home page.
Step 2: You will be directed to a new page where you will be required to enter your mobile number and click on the “Continue” button.
Step 3: Next, you will be asked to enter your PAN card details, date of birth, and email address. Click on the “Continue” button.
Step 4: Zerodha will now verify your PAN card details and if the details match, you will be directed to the next page.
Step 5: On the next page, you will be asked to provide your personal details such as name, address, and occupation.
Step 6: Once you have filled in your personal details, you will be required to upload your KYC documents, which include your PAN card, Aadhaar Card or Voter ID card or Passport or Driving License, and a cancelled cheque or bank statement with your name and account number clearly visible.
Step 7: After uploading your KYC documents, you will be required to e-sign the account opening form using your Aadhaar Card.
Step 8: Once you have e-signed the account opening form, you will be directed to a payment gateway to pay the account opening fees. The account opening fees for a Zerodha demat account is Rs. 300.
Step 9: After the payment is successful, you will receive a welcome kit from Zerodha, which will contain your demat account details, login credentials, and other relevant information.
Charges and Brokerage Fees for Zerodha Demat Account
Zerodha charges the following fees for opening and maintaining a demat account:
1. Account Opening Fee: Rs. 300
2. Annual Maintenance Charge: Rs. 300 per year
3. Dematerialization Charges: Rs. 5.5 per certificate
4. Rematerialization Charges: Rs. 40 per request
5. Pledge Creation Charges: Rs. 60 per request
6. Pledge Closure Charges: Rs. 60 per request
Brokerage Fees for different Segments
Zerodha offers trading services in various segments, and the brokerage fees vary for each segment. Here are the brokerage fees for different segments:
1. Equity Delivery: Free
2. Equity Intraday: 0.03% or Rs. 20 per executed order (whichever is lower)
3. Equity Futures: 0.03% or Rs. 20 per executed order (whichever is lower)
4. Equity Options: Rs. 20 per executed order
5. Currency Futures: 0.03% or Rs. 20 per executed order (whichever is lower)
6. Currency Options: Rs. 20 per executed order
7. Commodity Futures: 0.03% or Rs. 20 per executed order (whichever is lower)
8. Commodity Options: Rs. 20 per executed order
Note: The brokerage fees mentioned above are subject to change. You can visit the Zerodha website for the latest information on charges and brokerage fees.
Conclusion
Opening a Zerodha demat account is a simple and hassle-free process. You can complete the entire process online, from the comfort of your home, using your mobile or laptop. Zerodha offers competitive brokerage fees for different segments and has a user-friendly trading platform that makes it easy for investors to trade in stocks, commodities, and currencies. If you are looking to open a demat account, Zerodha is a reliable and trustworthy brokerage firm that you can consider.