Zerodha demat account is one of the services offered by the company. The service is part of its 2-in-1 accounts that offers the customer an integrated trading account and demat account for seamless transactions. Zerodha is a depository participant (DP) with Central Depository Services Limited
Zerodha Demat Account Key Features
Easy online access to shares, bonds, F&O, mutual funds, etc.
The 2-in-1 account offers seamless transactions between trading and demat accounts.
Dividends are credited automatically to the linked bank account.
Low debit transaction charges for stock and mutual funds.
Zerodha DP ID (How to get Zerodha demat account number?)
Zerodha DP id is 12081600. To know more detail about your Zerodha demat account, log in to Zerodha Console >> My Profile >> Demat.
Zerodha demat account number is a 16 digit number. It is a combination of Zerodha CDSL DP ID and your Client ID. Both are of 8 digits each. The Zerodha DP id is 12081600 for all customers. You can know your client ID by contacting customer support. For example, if your client ID is 12345678, your demat account number will be 1208160001234567.
Open Zerodha Demat Account
To trade with Zerodha, you need to open a trading and Demat account. Zerodha offers online as well as offline account opening to its customers. If you have your Aadhar Card linked with your current phone number, you can instantly open a *Zerodha account online. If not, you may have to fill out a paper form and send it to the Zerodha office.
Steps to open Zerodha account online
Go to Zerodha.com website and click on Sign Up Now using your mobile number and email address.
Verify the mobile number and email ID by putting the respective OTPs.
Enter your PAN no. and Date of Birth.
Make the payment of account opening fees for desired segments through UPI or Net banking.
Click on Connect to DigiLocker to sign in to DigiLocker.
Allow Zerodha to access DigiLocker and share a copy of Aadhar with the broker.
Verify the Aadhar details.
Enter personal details like bank details, background information, tax residency, and Continue.
Write the OTP displayed on the screen on white paper for IPV.
Allow Zerodha access to the webcam to complete the IPV and click on capture.
Upload the soft copies of the above documents and E-sign based on Aadhar.
Click on E-sign Equity that takes you to the NSDL site.
Verify your email ID by putting the security code.
Verify the account opening form and click on Sign now.
Enter the Aadhar no. and OTP on the NSDL website and click on submit.
The broker will send a notification as soon as the account is set up and ready to trade.
Steps to open Zerodha account offline
Fill Account Opening Enquiry Form.
You will get a call from sales manager in 24 hours.
Ask for the account opening form from the sales manager or download the form from Downloads & Resources from the company home page.
Print the form and fill it with the required details.
Sign the form and send it to Zerodha Head Office.
The broker will initiate the account opening process on receipt of the form. The sales manager assigned to you will keep you posted on the status of your account.
Zerodha demat account opening document
The following documents are required to open a demat account with Zerodha:
PAN card
Aadhaar (For online account opening)
Cancelled cheque or Bank statement
Copy of your signature proof
Income proof – Latest Salary Slips, Bank Statement, Form-16, ITR etc.
Note: Income proof is required if you are planning to trade in Futures & Options
Zerodha Demat Account Opening Time
The online Zerodha demat account can be opened within a few minutes of successful verification of the documents on any weekday.
For offline account opening (paper forms sent to Zerodha, Bangalore office), the account opening takes up to two working days once the documents are received by Zerodha.
Zerodha Demat Account Opening Charges
To open a new Demat account with Zerodha, the customer may have to pay Demat account opening charges. The broker may also charges Annual Maintenance Charges (AMC), a yearly fee to maintain the Demat account.
Service Charges Demat Account Opening FeeRs 0Demat Account Annual Charges (AMC)Rs 300
Zerodha Demat Charges
Zerodha trading and demat account opening fees are Rs 200. Zerodha charges Rs 300 per year demat account AMC. Zerodha demat debit transaction fee of
Market Trades: ₹13.5 + GST
Off-Market Trades: 0.03% of ₹25 whichever is higher + GST
About Zerodha
Zerodha is a discount stock broker offering trading services in Equity, Derivatives, Commodity, and Currency segments at BSE, NSE & MCX to stock market investors in India.
Zerodha started its operations in 2010, offering discounted brokerage service by leveraging the technology of online trading to keep the cost low. Zerodha disrupted the traditional online brokerage industry within just three years of its inception by making the discount brokerage model actually work. As of Jan 2023, Zerodha has a market share of over 19% of trades done at BSE & NSE.
While Zerodha is primarily focused on equity and commodity trading services, it also started offering add-on services like depository services (or demat account) and mutual funds.
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