If you are looking for the best discount broker in India, then there is none other than Zerodha. Zerodha was established by Mr. Nitin Kamath back in 2010. This is India’s first discount brokerage company in India which has touched approximately 2 lakh customers. The major reason behind the success of Zerodha is their simple charges on stock trading. They are charging a flat rate of transaction, irrespective of the volume. In this article I will share various information about Zerodha and also the account opening process in Zerodha in details.

Key Highlights of Zerodha Trading / Demat Account

One can open a trading account, demat account by paying a very low cost. In fact the annual maintenance charges [AMC] of Zerodha trading account is nil. You have to pay a flat rate of rs 20 / executed order. There are variosu Advanced trading platforms like Kite – Web, android, iOS and Pi – Desktop users.

You can also join Zerodha Associate Program : Refer a friend – earn for a lifetime incentive. Besides that Zerodha has come up with India’s first transparent Brokerage calculator. Here is the link below.


What are the different types of accounts offered by Zerodha?

  • Trading account for equity and currency derivatives.
  • Demat account to take delivery of stocks.
  • Commodity account to trade commodity futures on MCX.

Zerodha Trading account charges

Transaction Fee
Trading Account Opening Charges (One Time) Rs 300
Trading Annual Maintenance Charges AMC (Yearly Fee) Rs 0

Zerodha Demat Account Charges

Transaction Fee
Demat Account Opening Charges (One Time) Rs 100
Demat Account Annual Maintenance Charges AMC (Yearly Fee) Rs 300

Zerodha Brokerage Charges 2017

Segment Brokerage Fee
Flat Monthly Fee
Equity Delivery Rs 0
Equity Intraday Rs 20
Equity Futures Rs 20
Equity Options Rs 20
Currency Futures Rs 20
Currency Options Rs 20
Commodity Rs 20

How to open zerodha trading account

Opening a trading account and demat account in Zerodha is very simple. One can easily follow the step by step guide to open an account with Zerodha and start stock trading to make money. Just follow the step by step guide below:

  • First of all you have to visit Zerodha website and click for online registration. You will also find a button saying call me back. You can either fill up that call me back option and then Zerodha people will contact your for further process.
  • Other than that you can register with Zerodha online and start filling the online application form. Be careful while filling the details with personal information.
  • You can upload all necessary documents online itself like PAN card, address proof, identity proof etc.
  • After that it will ask you to pay the fee to open account. There will be charges like Rs 300 for Equity & Curreny and Rs 200 for Commodity trading etc. Don’t select the option courier me printed forms, which will cost you Rs 100.
  • Next Pay Rs 500 by Net banking or Credit card online.
  • Next take the print outs of the application form, take xerox copies of all the mandatory documents uploaded. Make sure you are singning in all the document copies. Finally courier them to Zerodha office address mentioned below.

Minimum Balance of Zerodha account

There is no such minimum balance need to maintain in Zerodha trading / demat account.

Documents Required to open account in Zerodha

Generally you have to provide the very common set of documents like PAN card, address proof, 2 passport size photos, 2 cheques [ 1 cancelled and another favoring Zerodha amounting to account opening fee ].

For trade derivatives, 1 copy of the following documents is required – Pay slip (latest), Form 16 / IT Returns (latest) and 6 month bank statement (latest).

Download Zerodha account opening form pdf

Well, you can request Zerodha team to send the application forms to your mail address or to your address by courier facility. Besides that, you can also visit Zerodha resource page and download the required forms online.


How to buy mutual funds in zerodha

Do you think Zerodha is only a stock trading or share purchase platform? Then you are wrong as you can now buy mutual funds or invest in mutual funds through Zerodha as well. Zerodha has launched a dedicated platform for mutual fund investors with various easy to access facility. Here is the link you can follow.


You can easily login with your Zerodha login credentials and start exploring the huge list of mutual funds analysed or recommended by Zerodha team. You don’t have to pay any kind of brokerage fee to buy or sell mutual funds through Zerodha demat account.

Zerodha Head Office address details

#153/154 4th Cross Dollars Colony,
Opp. Clarence Public School,
J.P Nagar 4th Phase,
Bangalore – 560078

You can dial Zerodha customer care numbers +91 80 4040 2020 for any kind of queries. Timing  9:00 AM – 7:00 PM. You can also mail Support queries support @ zerodha.com.

How To Transfer Funds From Zerodha to Bank Accounts

You can easily transfer from your bank account to Zerodha account or transfer funds from Zerodha to bank acocunt easily by following the couple of ways. Generally fund withdrawal requests are quite simple and will take max 24 hours to deposit in your bank account. Fund withdrawal requests placed on second and fourth Fridays will be credited only by Monday on account of banks being closed on second and fourth Saturdays.

But in case of fund transfer in your Zerodha account from your Bank account, there are 3 different ways Instant payment gateway, IMPS transfer and NEFT/RTGS transfer. There are dedicated bank account numbers which have to add with in your net banking as beneficiary to transfer funds to your Zerodha account.

IMPS transfer

NSE/BSE (Equity, F&O, Currency) MCX (Commodities)
Bank Name HDFC Bank HDFC Bank
Account Number ZERNSE ZERMCX
Account type Current account Current account
Bank Branch Sandoz Branch, Mumbai Sandoz Branch, Mumbai
IFSC Code HDFC0000240 HDFC0000240

NEFT/RTGS transfer

NSE/BSE (Equity, F&O, Currency) MCX (Commodities)
Bank Name HDFC Bank HDFC Bank
Account Number 05230340001348 05230340002150
Account type Current account Current account
Bank Branch HDFC Bank, Richmond road, Bangalore HDFC Bank, Richmond road, Bangalore
IFSC Code HDFC0000523 HDFC0000523

For more details you should always refer to Zerodha website.

Conclusion on Zerodha Review & Account Opening Process

So, have you started thinking of making money by stock trading daily or you can say by participating intraday trading online? In that case, why not start with the best discount broker in India by paying the lowest brokerage charges on your stock trading transactions? Zerodha is gaining its popularity like anything, but as a beginner it will not be an easy task to understand how trading works, how to buy shares or invest in mutual fund. Do some home work and if you find it interesting, then you should open your trading account and demat account in Zerodha to invest in stock market for better return & making money.