Zerodha is india’s fastest and largest broker also best trading app with multiple features and easy to use. Zerodha was started by two brothers in 2010.
Nithin is recognized as a key figure in revolutionizing the retail trading industry in India by introducing low-cost brokerage services and innovative trading platforms.
Under Nithin’s leadership, Zerodha has grown to become one of the largest retail brokerage firms in India, serving millions of clients. The company is known for its focus on technology, transparency, and customer-centric approach. Zerodha’s flagship trading platform, Kite, has gained popularity among traders for its user-friendly interface and extensive features.
Nithin Kamath is also known for his active involvement in promoting financial literacy and investor education. He has been vocal about the need for individuals to take charge of their financial investments and has advocated for a simpler and more accessible investing ecosystem in India.
As a successful entrepreneur and industry influencer, Nithin Kamath has received several accolades for his contributions to the Indian financial sector. He continues to be actively involved in the growth and development of Zerodha, as well as in promoting a culture of transparency and empowerment for retail investors in India.
Steps To Open Demat Account In Zerodha
To open a demat account with Zerodha, one of the leading stockbrokers in India, you can follow these steps:
1)Visit the Zerodha website :- Go to the Zerodha website using this link in your browser. The official website is www.zerodha.com.
2) Click on Sign Up Now :- On the Zerodha homepage, you will find an option to “Sign Up Now.” Click on it to begin the account opening process.
3) Choose the account type :- Zerodha offers different types of accounts, including individual, joint, and minor accounts. Select the account type that suits your requirements.
4) Provide your personal details :- Fill in the required personal information such as your name, email address, mobile number, PAN card number, date of birth, and other relevant details.
5) Complete the e-Sign process :- Zerodha uses the e-Sign facility, which allows you to electronically sign the account opening form. For this, you will need to verify your Aadhaar card details through the OTP (One-Time Password) sent to your registered mobile number.
6) Upload supporting documents :- Upload scanned copies of your PAN card, address proof (such as Aadhaar card, passport, or driver’s license), and a canceled cheque or bank statement.
7) Choose your trading segments :- Select the trading segments you wish to trade in, such as equity, commodities, currency, etc.
8) Provide bank details :- Enter your bank account details, including the bank name, branch, account number, and IFSC code. This is necessary for linking your demat and trading account to your bank account.
9) Pay account opening fees :- Zerodha charges a nominal fee for opening a demat account. You can make the payment online using net banking, UPI, or other available options.
10) Complete the IPV process :- Zerodha requires you to undergo the In-Person Verification (IPV) process. This can be done either through a video call with a Zerodha representative or by visiting a Zerodha branch office.
11) Sign the Power of Attorney (POA) :- As part of the account opening process, you will need to sign the Power of Attorney (POA) document. This allows Zerodha to debit shares from your demat account when you sell them.
12) Wait for approval :- Once you have completed all the steps, your application will be reviewed by Zerodha. If everything is in order, your account will be approved, and you will receive your client ID and login credentials via email.
It’s important to note that the account opening process and requirements may be subject to change. It’s advisable to visit the Zerodha website or contact their customer support for the most up-to-date information before proceeding with the account opening process.
How Much Time is Required To Open Zerodha Demat Account ?
Zerodha account opening process will complete within 2 days after applying for Sign up. Zerodha will charge 300 rupees to open account in 2023.