To open a demat account with Zerodha, you can follow these steps:
- Visit the Zerodha Website: Go to the official Zerodha website at https://zerodha.com/.
- Click on ‘Open an Account’: Look for the “Open an Account” or “Sign Up” option on the website’s homepage and click on it.
- Fill in Your Details: You will be directed to a page where you need to fill in your personal details such as name, email, mobile number, and city. Make sure you provide accurate information.
- Verify Mobile Number and Email: Zerodha will send an OTP (One-Time Password) to the mobile number and email you provided. Enter the OTP to verify your details.
- Complete the Application Form: Once your mobile number and email are verified, you will need to complete the online application form. This form will require details like your PAN (Permanent Account Number), address, bank details, income details, and trading preferences.
- Upload Documents: You will need to upload scanned copies of certain documents, including:
- PAN Card
- Address Proof (Aadhar card, Passport, Driving License, or Voter ID)
- Bank Proof (Cancelled cheque or bank statement)
- e-Sign the Application: After uploading the necessary documents, you may be required to e-sign the application using Aadhar-based e-sign or by generating an E-sign through your bank.
- In-Person Verification (IPV): Zerodha may require you to undergo an In-Person Verification (IPV). This can be done through a video call with their representative, or in some cases, a physical visit to a Zerodha office or a registered partner.
- Wait for Account Activation: Once you have completed all the steps, your application will be reviewed by Zerodha. Upon successful verification, your demat account will be activated.
- Receive Account Details: Zerodha will send you the account details, including your client ID and login credentials.
It’s important to note that the account opening process may be subject to changes, and it’s recommended to check the official Zerodha website or contact their customer support for the most up-to-date information. Additionally, make sure to read and understand the terms and conditions before proceeding with the account opening process.