Zerodha is one of the India’s largest and the most popular discount stock brokers. The company is a member of different stock exchanges. NSE, BSE, MCX, MCX-SX are the exchanges where one can trade with the Zerodha. The retail investors and the companies can trade at this platform. A flat fee of Rs.20 or 0.03% (whichever is the lower) of the returns be charged for the services provided by the Zerodha. The services include equity trading, mutual funds derivatives, currency, and commodity trading.
Before we discuss about the Zerodha Demat account opening process, first we will see what is a Demat account? It is an account that holds the financial securities (equity or debt) in an electronic form. With a reduction in transaction costs and the paper work, Demat account is very easy and convenient way to hold the securities. It is much safer than the paper-shares. In India, the Demat accounts are maintained by the two depository organizations. They are:
- The National Securities Depository Limited (NSDL) and
- The Central Depository Services Limited (CDSL).
The banks acts as an intermediaries between the investor and the depository.
Coming to the Zerodha Demat Account Opening process, it offers the stock trading account and the Demat account services. With Zerodha, the Demat account Opening charges are absolutely free for the life time.
Please follow the link to know more about the documents required to open a Demat account with the Zerodha.
Steps to be followed to open an account with the Zerodha>>“Click Here”
Here is the direct link to the account opening page Signup Zerodha
Here, The Zerodha Demat Account Opening Charges explained in detail:
|The Demat Account Opening Charges (One Time)||₹0|
|The Demat Account Annual Maintenance Charges AMC (Yearly Fee)||₹300|
If you are planning to open a Demat Account, you must know what is the AMC and why is it so important? AMC means the Annual Maintenance Charge. It is the cost which an investor need to pay quarterly to the Zerodha for maintenance of their Demat accounts. The AMC charges for the Zerodha is much less than the other brokerages.
Here, the Annual Maintenance Charges explained in detail:
- For the Individuals – Rs.300+18% GST.
- Partnership and LLP accounts – Rs.300+18% GST.
- For the Corporate accounts, it is Rs.1000+18% GST.
- For the IL&FS Demat accounts, it is Rs.400+18% GST.
Note: The charges which are mentioned above, accounts to the full year. For every quarter, one fourth of the above-mentioned charges will be deducted or directly charged from the investor’s trading account balance.
Here is the direct link to the Zerodha account opening page Signup Zerodha