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Zerodha the best discount broker, introduces a paperless process for opening an account. The least Zerodha brokerage charges attract many investors towards it. However, one needs to verify all the details by undergoing the Zerodha IPV process to activate the account.
As per SEBI and the requirement of Exchanges like BSE and NSE.
IPV or In-person verification Meaning: It is the process of verifying the client details and documents in person. For the verification to take place, one either needs to meet the official representative physically or can get it done online via video chat.
Zerodha IPV process is important as it ensures that none of the information provided by the client is false.
Every investor whether he is an NRI, People of Indian Origin and Sailors who is looking forward for Zerodha Mutual Fund or other investment plan, irrespective of their location who have the Demat account and trading account with Zerodha or any other stockbroker needs to complete this step final activation of the account.
Zerodha IPV Online
Zerodha IPV or In-Person Verification is a process where the broker verifies the documents and other details of the client in person.
Every investor applying for opening the Zerodha Demat Account or Trading Account must undergo the process.
IPV is essential as it is important for the stockbroker to ensure that every information and document submitted by the client like ID card, Address Proof, etc is true and correct.
The SEBI circular for making IPV compulsory has made it easier for brokers to verify the personal details.
Earlier the IPV was carried out physically where the Zerodha employee visits the client personally and verify all the documents and details. With the introduction of new technology, it has now become easier to carry out the process remotely. Generally, the process is carried out by the KYC registration agency (KRA).
Signup Zerodha IPV
To initiate the process of Zerodha IPV one can simply signup by entering their registered mobile number. The complete process is simple and can be done in a few minutes.
Here is the Zerodha IPV process explained in brief. To get the process done fast, it is good to keep the original documents; address proof and identity handy.
Zerodha IPV Process
The process is completely online and one can get it done via different tools like Skype or Appear.in. For the process to occur without disturbance, it is important for both parties to check their internet connection.
The client and broker can schedule the Live IPV on any of the tools available above to process the verification.
For the Zerodha IPV, an OTP will be generated and send to the registered mobile number as well on the email. At the time of the process, one needs to show this OTP from a mobile or written on a piece of paper.
Make sure the number is clearly visible on the webcam.
The camera takes all the essential photos from the video and captures the OTP.
Zerodha IPV Verification
The stockbroker, here Zerodha, carries out the process of IPV. The Zerodha employee verifies all the documents as per the KYC guidelines and approves or disapprove of the membership process.
Zerodha IPV Verification Rules
The Zerodha IPV rules have been set up by the SEBI. The important one is enlisted below:
- Every stockbroker must conduct the IPV of the client to avoid any fraud.
- The stockbroker collects and maintains a record of customer details (name, designation, company, signature) on the KYC form.
- IPV performed by an intermediary is counted by other intermediaries that further will be approved by SEBI.
- The KRA update the records that can then be accessed by other intermediaries. Doing this decreases or eliminates the chance of multiple verification and duplication of data.
After successful verification, the person becomes the eligible member of Zerodha and can reap benefits. Also, after opening an account, the person gain access to the Zerodha referral program and can start earning money by referring the broker to others.
Zerodha IPV Verification Link
It is easy to initiate the Zerodha IPV process and one can initiate the process of IPV by directly clicking on the link.
Zerodha IPV Mobile
One can complete the process of Zerodha IPV online either with the computer or laptop with a webcam or with their smartphone. For those who do have a webcam can verify their identity using the smartphone or tablet.
Before the scheduled time, make sure that the device is operating perfectly and there is no issue with the internet connection.
Other than this, make sure that all your documents are handy and you do not need to search the things while the IPV verification is being processed.
Many stockbrokers including Zerodha has made it easy for everyone to open the Demat account and start trading. But for seamless operations and to avoid any fraudulent activity, IPV is mandatory for all.
So to activate your account ensures that your Zerodha IPV is done and your KYC details are KRA verified.
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