Zerodha Demat Account Review – Account Opening, Features, Charges, Offers & more

Zerodha Demat Account is one of the Best in the Industry. The discount broker allows investors to seamlessly transact in multiple securities after opening a Demat account.

An account holder can also access the company’s minimalistic and responsive trading platform – Kite, to place buy and sell orders.

Operating as a digital platform, this account is critical to storing and managing securities securely.

This Zerodha Demat Account Review guides you through Zerodha Account Opening features, charges, mandatory documents, and the account creation and deletion process.

Zerodha Demat Account – Top Features

The following points highlight some top-notch features of the Zerodha Demat Account.

• No Brokerage for Equity Delivery Trades: Investors at this brokerage house need not pay brokerage for equity delivery trades, making it one of the economical options to open a Demat account with.
• Flat Brokerage for Intraday and F&O: For intraday and F&O trades in equity, commodity, and currency, the firm charges a flat brokerage of Rs. 20 per trade.
• Quick Online Account Opening Process: The broker offers a simple and fast demat account opening process, saving a lot of time for investors.
• Innovative Trading Platforms: Once you are done setting up a demat and trading account with Zerodha, you can officially navigate multiple platforms that the broker facilitates for instantly placing trade orders.
• 24/7 Customer Support: The brokerage house offers 24/7 dedicated customer support to help the Zerodha Account holders resolve trading-related issues.

Knowing the Zerodha Demat Account Charges beforehand is crucial to understanding whether you can bear this particular financial burden to trade in the stock market.

The discount broker specifies a range of Demat account opening charges for potential investors.

Besides account opening charges, you should be mentally prepared to pay Zerodha AMC charges yearly to maintain your demat and trading account.

You must also bear DP (Depository Participant) fees with the firm.

Regarding figures, the Demat account opening charges vary from Rs.200 to Rs.500. Let’s break down the Demat account opening charges!

If you are opening your Demat account online, you must pay Rs.200. However, if you open the Demat account offline, you will be asked to pay Rs.500.

For an NRI, partnership, HUF, LLP, or corporate account, Zerodha charges Rs.500 as a Demat account opening fee. Moreover, the company charges Rs.300 annually to maintain your Demat account.

However, clients don’t need to pay AMC charges for a Basic Services Demat Account (BSDA) with a holding value of less than Rs.50,000.

For a non-BSDA Demat account, you must pay Rs.300 annually + 18% GST quarterly. As a depository participant, Zerodha DP charges Rs.13.5 + GST per scrip, regardless of the trade quantity.

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Zerodha Demat Account Opening Process – Step by Step

Any interested person can begin trading with the stock broker after completing the Zerodha Demat Account Opening process.

You will be pleased to know that the firm offers clients both online and offline account opening processes.

The first essential thing you should pay attention to is linking your phone number with your Aadhaar Card, as it’s mandatory to set up a demat account online.

How to Open a Demat Account in Zerodha? – Online Process

Here is the procedure quenching your curiosity about How to Open a Demat Account in Zerodha.

1. You must visit the Zerodha website to access the ‘Open a Demat Account’ option.
2. Once on the demat account opening page, input your mobile number linked to your Aadhaar card and email address.
3. Verifying your contact number and email address is mandatory by inputting the received OTP.
4. The next step requires you to fill in your Date of Birth (DOB0 and PAN card number.
5. Once your PAN information is validated, you must make the necessary account opening fee of Rs. 200.
6. Next, sign in to DigiLocker to verify your Aadhaar card details.
7. Once your Aadhaar verification is complete, you are supposed to enter personal details. These details can include your father’s and mother’s name, occupation, tax residency, etc.
8. Next, you must link your bank account by entering your bank account number, branch IFSC code, and MICR code.
9. To complete the IPV (in-person verification), you don’t have to visit the brokerage house’s office. Instead, you can show the representative your face and the OTP obtained through your webcam.
10. Upload the soft copies of necessary documents, such as your PAN card, bank account information, signature, etc.
11. You must sign your application documents online by tapping the e-sign button.
12. In this step, verify your email ID by inputting the OTP you received on your email.
13. Click on the checkbox verifying the account opening application form and hit the ‘Sign Now’ button.
14. After signing in, you must submit your e-sign.
15. Finally, hit the’ submit’ tab after inputting your Aadhaar card number and OTP.

The representative will notify you when your demat account is set up and functional for you to trade.

How to Open Zerodha Demat Account? – Offline Process

Individuals who do not have their phone number and Adhaar card linked can create a Demat account offline. To learn How to Open Zerodha Demat Account offline, go through these steps.

1. You can download the Demat account opening application form from Zerodha’s official site or app.
2. After taking the printout, you must complete and sign the form.
3. In addition to the application form, you must attach the documents listed in the required section.
4. You are responsible for couriering the form and documents to the Zerodha’s head office or branch’s correct address.
5. Once your form and documents are verified, the brokerage will set up your Demat account within a day or two.

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A prospect must equip the company with the following documents to Open a Zerodha Account.

• PAN card self-attested copy
• Income proof copy
• A scanned copy of the signature
• Aadhaar card self-attested copy
• Bank proof copy

Remember to keep the soft copies of these documents on hand before proceeding with the Demat account application process.

How to Close Zerodha Demat Account?

If you don’t desire to use your existing demat account, you might have a question- How to close Zerodha Demat Account?

By closing your account, you can save on annual maintenance charges. Zerodha facilitates a manual account closure process because of regulatory constraints.

You must submit your account closure request with the brokerage house. Follow this procedure to discontinue your Demat account.

1. Head to the Zerodha official website and download the Demat account closure form.
2. Take a printout of the downloaded form, input the necessary information, and sign it.
3. Remember to attach unused DIS (Delivery Instruction Slip) with the form.
4. Courier the form to the stock broker’s head office or branch.

Zerodha Demat Account Review – Conclusion

Zerodha has created a clientele base of thousands of clients in a limited timeframe with its top-notch financial services, including demat account service.

Setting up the Zerodha Demat Account unlocks impressive investing and trading opportunities.

Moreover, the company facilitates its Demat account holders with a quick trading interface, an integrated Back Office platform, and user-friendly trading platforms.

FAQs on Zerodha Demat Account Review

Here are various FAQs related to Zerodha Demat Account.

How to Create a Demat Account in Zerodha?

Zerodha facilitates online and offline approaches for prospects who want to set up a Demat account with the company.

Alternatively, if you want an instant way to create a Demat account, fill out the form on this page.

How to Delete Zerodha Account?

Deleting your Zerodha account is relatively easy. You need to submit the account closure request to the firm. Next, fill in the account closure form and submit it to the brokerage house.

What is AMC in Zerodha?

The annual account maintenance charges in Zerodha are Rs. 300.

What is Zerodha Account Opening Fees?

The account opening fees fall between Rs. 200 and Rs. 500, depending on whether you are opening an account online or offline.

How to find demat account number in Zerodha?

When looking for your 16-digit demat account number, go to your demat account, ‘My Profile,’ and ‘Demat.’

How to get a Statement of Demat Holdings in Zerodha?

To get the Statement of Demat Holdings, follow the procedure:

1. Login to your Zerodha account > Console > Reports.
2. Next, choose the timeframe for which you want to view the statement of Demat holding.
3. Under ‘View,’ select ‘Tradebook + Holding.’
4. To generate the statement, you must tap on the ‘View’ button.’
5. Press the download button once the statement is generated, and your statement will start downloading in PDF or Excel format.

What are the documents required to open a demat account in Zerodha?

A candidate must submit their identity and address proof, bank account details, signature, and income proof to create a Demat account.

How much time does it take to open a Demat Account in Zerodha?

The company takes approximately a day or two to create a Demat account for any individual submitting the correct documents.

How to change bank account in Zerodha?

The following is the process to update your bank account:

1. Log into Console > click on the Account > Bank > Modify Bank Account.
2. Input your new bank account details, including your account number and IFSC code.
3. Accept the terms and conditions displayed on the page.
4. Tap on Proceed to eSign.
5. Enter your Aadhaar number and request for an OTP.
6. Enter the received OTP and verify it.

How to Transfer Shares from one demat account to Zerodha’s Demat?

You can transfer shares from one Demat account to Zerodha’s Demat by submitting a DIS form to your old broker.

Then the broker will send the form to the depository service, they will transfer the shares & you will get all your shares in Zerodha’s Demat.