Zerodha is the number one discount broker in India offering its brokerage service at throwaway prices. In case you want to open a Demat account Zerodha you should have complete knowledge of the Zerodha Sign Up process.
Let’s divide the registration procedure into the following segments for ease of understanding.
Zerodha Sign-up Process
Zerodha Sign up Documents
Zerodha Sign up Charges
Zerodha Sign Up Process
You can sign up for Zerodha through the webpage of Zerodha and in case you are not comfortable with the webpage sign up you can use the ‘Kite’ Android app of Zerodha.
To sign up in Zerodha, just follow the steps below:
Go to Zerodha website or ‘Kite’ app.
Click on ‘Sign Up’ in the top bar and enter your mobile number.
Fill in your Aadhar seeded10-digit mobile number and hit on the ‘Continue’ button.
A 6-digit OTP will be sent to your mobile number. Apply OTP in the given field and hit ‘Continue’.
Similarly, verify your email.
Apply for PAN number in a given field and click on ‘Continue’ to go ahead.
You will be directed to the page where you will be asked to ‘Pay Account Opening Fee’. You can pay fees by UPI, Card, Netbanking or Wallet. Hit on ‘Pay and Continue’ to continue.
Provide your Aadar number for Aadhar KYC verification. Click on ‘Continue to Digilocker’.
You will receive an OTP from UIDAI. Apply OTP and Click on ‘Continue’ on the screen shown below. Allow Zerodha to provide an access to the Digilocker account.
Once the Aadhar KYC is complete and now you can proceed to open a Demat account. Click on Continue now.
You have to provide personal and background details. Provide all the required information and then click on the ‘continue’ button.
Next is the step to link your bank account with your Demat account to transfer funds for stock trading. You can link your bank account using ‘Link Using IFSC’ or ‘Link Using UPI-ID’.
As you have seen during the sign-up process some documents are a prerequisite for opening a Demat account with Zerodha. Here is the list of documents required to open a Demat account.
Documents Required for Demat Account
Voter ID Card
Bank Account Proof
ITR Acknowledgement Slip
Zerodha Sign Up Charges
There are certain charges you have to pay while opening a Demat accountwhich includes a one-time account opening fee and account maintenance charges (AMC).
Zerodha charges ₹200 as an account opening fee and ₹300+18% gest as account maintenance charges. These charges are summed up in the table below.
Zerodha Demat Account Charges
Demat Account Opening Charges
For Equity: ₹200
For Commodity: ₹300
Zerodha Sign Up Offer
Zerodha is the first broker that introduced the discount brokerage model in the stock market industry and not only this, the broker comes up with too many different offers as well. Among them, one such offer is Zerodha refer and earn.
Under this program, if someone opens a demat account using your affiliate link then you automatically get the referral benefits from the broker.
Now, what are those referral benefits?
The referral when opens a demat account using your referral link and starts trading using the Zerodha trading app, you can reap the benefit of earning 10% of his or her brokerage share.
Wondering how to create your referral link?
Well, it is simple, just click here and enter your client ID. An automatic link will be generated which can then be shared via Facebook, Whatsapp, Twitter, and LinkedIn.
Zerodha Sign Up with Referral Code
Now how does the referral opens a demat account with Zerodha?
If you have received a referral link from your friend, just click on it. The link will redirect you to the Zerodha sign up page.
There you just have to follow the steps mentioned above. By completing the process, you can begin trading with Zerodha on account activation.
Zerodha Sign-Up Problem
There are certain issues that you may face while signing up with Zerodha. They may arise due to technical glitches or due to internet speed.
Below are some common issues you may face
Not Getting OTP on Time.
Aadhar card is not linked with the registered mobile number.
Failing to Link Bank Account with UPI ID.
In such cases, you can reach out the Zerodha customer care who can then help you in resolving the issue and in streamlining the process of account opening with the broker.
Zerodha is a premier discount broker who is known to give a seamless experience to its clients. If you are considering opening a Demat account with Zerodha it would be good if you have all the necessary information regarding the documents required to open a Demat account and the process you have to follow for opening a Demat account.
This blog is written in a very concise and detailed manner to make the sign-up process easy and more understandable to you.
Hope you will get all the relevant information regarding signing up with Zerodha after reading through this blog.
Willing to begin your investment journey in stock market? Get in touch with us now and we will assist you in choosing the right stockbroker and opening a demat account online for FREE!