How can you open a Zerodha Demat account online? A step-by-step guide | Mint

Opening a new Demat account is the essential initial step for everyone in the country who wants to invest or trade in stocks, mutual funds or other securities. Zerodha, one of India’s largest and most used discount brokerage firms, provides a streamlined process for opening a new demat account and facilitating trading online. It allows for both professional and new investors. The entire procedure to open the Demat account remains completely digital and can be completed for most applicants within a few minutes. All you have to do is raise all the necessary documents such as PAN card, Aadhaar card, bank statements along with other required documents. Digital account opening: A step-by-step guide The process of opening a Demat account with Zerodha is a simple, simple process. It takes almost no paperwork. Applicants must ensure that their Aadhaar card is connected to a cellphone number for OTP -based verification. The five key steps are expanded below: Visit the official opening portal of Zerodha account. Enter your cellphone number, e -mail address with other details. Verify both via OTP. Provide your Pan -card details, Aadhaar details and correct date of birth. Upload bank resistant, such as a canceled check or statement, and complete the e-signing process. Submit the application, then wait for verification; Account evidence is usually issued on working days within 24 to 48 hours. Required documents and regulatory compliance with the rules and regulations of Securities and Exchange Board of India (Sebi) must submit applicants: PAN card. Aadhaar -Card (linked to a cellphone number) Bank -proof (canceled check, bank statement or passbook) Income suspension (only if you opt for derivatives/F&O trading) scands signature in blue or black ink. Personal verification (IPV) may be necessary. It can be completed online via webcam or physically if necessary. For the individuals whose Aadhaar is not linked to a cellphone number, an offline process has also been set up. It is extremely important to note that the offline process can take a little longer and even attract a nominal fee. Fees, account types and additional features Zerodha charges £ 200 for opening the online account for individuals. Annual maintenance costs range from £ 0 to £ 300 based on Holdings. For non-individual accounts, the £ 500 opening and AMC ranges from £ 300 to £ 1000 a year. Depending on their interest, BSDA holders may be eligible for reduced or zero AMC. The brokerage firm supports Basic Services Dematrings (BSDA) accounts, provides seamless kite and console platforms and integrates instruments such as Coin for mutual funds and options trading sensibus. Note: The charges discussed above are illustrative in nature. For the updated terms, conditions and costs refer to the official Zerodha website. Key points to remember Aadhaar must be linked to an active cellphone number for opening the online account. Revenue resistant is only mandatory for F&O trading. Account verification and activation usually occur within 24 to 48 working hours. The opening of the offline bill keeps a fee and takes longer. Regulatory compliance with SEBI and KYC norms is strictly enforced. Market context and economic importance This simple yet effective digital process ties in with the broader efforts of Indian regulators, including Reserve Bank of India (RBI) and SEBI to promote financial inclusion, transparency and accountability in capital markets. As retail participation continues to increase, platforms such as Zerodha are an important role in making the stock markets more democratic, efficient and retail investor friendly and help them with proper investments and composition of their wealth. Disclaimer: Equity investments are subject to market risks. Read all scheme-related documents carefully before investing. Costs, processes and suitability may differ; Consult the Zerodha’s official website for the latest details.