Zerodha Account Type

Zerodha offers two main types of demat accounts: Normal Demat Account and Basic Services Demat Account (BSDA). The Normal Demat Account provides all the services available in a demat account without any limit on the value of holdings. In contrast, the BSDA is designed for low-volume investors, eliminating annual maintenance charges (AMC) if the value of holdings is less than ₹50,000 in equity or ₹1,00,000 in debt funds. This structure allows small investors to manage their costs effectively while participating in the stock market.

Zerodha Broker Account Opening Process

Opening a broker account with Zerodha involves a straightforward process:

• Choose a Demat Account Type: Decide between a Normal Demat Account and a BSDA based on your investment needs.
• Visit the Zerodha Website: Go to the official Zerodha website to begin the registration process.
• Fill Out the Application Form: Complete the online application form with your personal details, including name, email, phone number, and bank details.
• KYC Verification: Submit the required KYC documents, including PAN card, Aadhaar card, and proof of address. A representative may contact you for further verification.
• E-KYC Process: If your PAN is linked to your Aadhaar, you can opt for the e-KYC process, which involves a video verification.
• Digital Signature: E-sign the necessary documents using your registered mobile number to finalize the application.
• Account Activation: Wait for 3-4 days for your account to be activated. Once active, you will receive your login credentials to access your account and start trading.

By following these steps, you can efficiently set up your trading account and begin your investment journey with Zerodha.