I was very comfortable with Kotak securities and was trading with them for years now, and then came Zerodha crashing all the regular brokers and created a new wave offering the cheapest service charges. Zerodha charges are so minimum comparing other stock brokers in India. Since we all love to save money, it is so natural for me to open an account and tell you guys about this.
Many young and new-age people have opted for Zerodha for their stock trading because of their digital presence and user-friendly applications.
Zerodha is an Indian financial company established in 2010. They deal with brokerage, currencies, and commodities trading. Zerodha is the biggest discount broker in India having a valuation of over $1 million, making it the largest brokerage firm in India according to its active client base of over 5 million users. They contribute over 15% of daily retail volumes in the Indian stock exchange.
1. Retail brokerage– Offers free equity delivery. For intraday trades, though, with a flat fee of 0.03% on executed order across all the segments. Zerodha intraday charges is the lowest in the market.
2. Commodities – Have a separate wholly-owned entity facilitating commodity trading available to registered users exclusively.
3. Venture -Together with Rainmatter, which was founded in 2014, it offers notable investments, for instance, Small case and ERPNext. Zerodha has invested $1 million in most technology-focused product companies.
4. Investment Funds – True Beacon as an Alternative Investment Fund which generated over 25% in returns in its first year.
Look at the top reasons why you won’t regret opening a trading account at Zerodha:
Rs 20, which is 0.03% is lower in terms of executed order intraday trading
Exact pricing for all exchanges
Have more than 6 million happy customers.
Invested significantly in over 300 support teams, enhancing a fast turnaround time for your queries via email or phone.
The trading platform is designed with a minimalistic, intuitive, and responsive web-based kite.
Zerodha also has an average margin utilization of 55% versus the 70% industrial average, which happens to be a lower risk.
Opening a trading account was easier with Zerodha because of the all-online process, I didn’t visit any physical center to open my account it was all done online and digitally through the Zerodha app.
Before opening a trading account there are specific minimum requirements you must provide for registration. The documents should be in softcopy for the fast application process in the account opening.
Pancard. The card must have a sign for validity.
Aadhar card. Aadhar card must have a direct link with your mobile number
Proof of bank account. To prove you have a bank account, have an image of your bank passbook FrontPage, at least exposing your photo. Have the documents scanned.
In the alternative, send the online statement or a canceled cheque bearing your bank details.
Have your scanned signature on a piece of paper; this can be scanned or on a photo.
Income proof is also required, though this is not mandatory. To trade on commodities, income proof is a mandatory requirement. This can be in the form of a recent salary slip or a bank state covering the last six months.
Efficiently provide relevant information relating to mutual funds and other company services, including shares.
Have the lowest transaction charges to operate a debit account dealing with mutual funds and stock, thus making it a desirable platform to work in.
Automatically credited dividends which must have a link to a bank account.
2-in-1 seamless account transactions between the trading and Demat account.
To get a Zerodha account number is pretty straightforward. The number has 16 digits with a combination of the DP ID and a personal ID in all the transactions. Both numbers have eight characters. For all customers, the Zerodha DP id is the same. To know your customer ID, contact customer Zerodha support. You can find more information by logging in to the console: Zerodha console, my profile, and finally, the Demat.
1. The online signup process happens from the website homepage. You will see a ‘SIGN UP NOW’ button. Click on it and enter your email address and phone number.
2. The next process, the account will ask you to verify your contact addresses by inputting the required OTPs.
3. Once the email and phone numbers are verified, they need to know the year you were born and your active PAN number.
4. An initial deposit in your new account is then made through Banking.
5. Connect and log in to DigiLocker, provide permission to access DigiLocker, and share your copy of Aadhar with the broker.
6. They will first verify your Aadhar before asking for banking information.
7. Next, you enter your banking credentials and your tax residency, and background information.
8. An OTP will be sent to you; write it on white paper.
9. They will also need to access your webcam and for the IPV process. Capture the information in the white paper to continue with the registration process.
10. Upload the registration documents they mentioned above, and make an e-sign via the Aadhar card.
11. Next, use the e-sign equity; follow instructions to the NSDL site for email verification by keying in the security code.
12. Once your account registration form is verified, click the button, SIGN NOW.
13. Finally, on the NSDL website, fill in all the required details and OTPs, then click submit. After this is done, the Zerodha agent will notify you once the account set-up is complete, and soon you will be ready to start trading. Once they verify your documents, it takes a few minutes for the account to open. It is important to note that, as long you hold the Demat account and don’t request an account closure or freezing, they will always keep your Zerodha account active
