Zerodha is a popular online brokerage platform in India known for its user-friendly interface and low-cost structure. Here is a general overview of the process to open an account with Zerodha:
Step 1: Visit the Zerodha Website
Go to the Zerodha website at https://zerodha.com/.
Step 2: Click on “Open an Account”
On the homepage, you’ll find an option like “Open an Account” or a similar phrase. Click on it to start the account opening process.
Step 3: Provide Your Phone Number and Email
Enter your mobile number and email address to begin the account opening process. You will receive an OTP (One-Time Password) on your mobile number for verification.
Step 4: Complete the OTP Verification
Enter the OTP received on your mobile number to verify your identity.
Step 5: Fill in Personal Details
Fill in your personal details such as name, date of birth, PAN (Permanent Account Number) number, and other required information.
Step 6: Upload Documents
You will need to upload scanned copies or clear pictures of the required documents. These typically include:
- PAN card
- Address proof (Aadhar card, passport, voter ID, or driving license)
- Bank statement or canceled cheque for bank account verification
- Passport-sized photograph
Step 7: E-signature (Electronic Signature)
You may be required to provide an electronic signature. Zerodha uses the e-sign process for a paperless and quick application.
Step 8: IPV (In-Person Verification)
Complete the In-Person Verification (IPV) process. This can be done through a video call where a Zerodha representative will verify your details.
Step 9: Pay Account Opening Fee
Zerodha charges a nominal fee for opening an account. You can make the payment online through various methods provided by the platform.
Step 10: Wait for Approval
Once you have completed all the steps, you will need to wait for your account to be reviewed and approved by Zerodha. You will receive your account details once the application is successfully processed.
It’s important to note that the account opening process may be subject to change, and it’s advisable to check the official Zerodha website for the most up-to-date information. Additionally, carefully review the terms, conditions, and fees associated with Zerodha’s services before proceeding.