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Zerodha Account Opening Documents Required
To open Zerodha account, you would need the following
documents-
- Copy of your PAN card
- Aadhar (Mandatory for opening an account online)
- Cancelled cheque or latest Bank statement
- Photo or scanned copy of your signature
- Income proof - For trading in Futures and options.
- You can submit 6-month Bank statement, Latest salary slips,
- Form-16, Income Tax Return Acknowledgment,
- Demat holding statement, or
- Networth certificate from a CA
Open Zerodha Account Online / Offline
To trade (in stock, commodity or currency) or to invest (in
stocks, mutual funds) with Zerodha, a customer has to open a trading account
and a demat account. The demat account is not mandatory for customer planning
to trade only in derivatives.
Zerodha offers 3 types of accounts:
- Trading account for equity and currency derivatives.
- Demat account to take delivery of stocks.
- Commodity account to trade commodity futures on MCX.
Zerodha also offers 2-in-1 account (a combo of trading
account and demat account) which offers smooth automatic transactions between
these two accounts.
One customer account has access to all the segments but each segment has to enable separately at the time of account opening or at later point of time.
Zerodha Account Closure
The Zerodha Trading and Demat account get deactivated if you
do not use them for 6 months. This dormant trading account can be activated by
calling Zerodha.
If you are a Zerodha and not using the account anymore or
moved to another broker, it is recommended to close the account to avoid paying
AMC charges. It also reduces the chance of misusing the account by someone
else.
Zerodha customer may close the accounts with Zerodha at any point of time. The only way to close the account with Zerodha is to submit an application for Account Closure.
Accounts cannot be closed online or by
contacting customer support. The application form can be downloaded from
Zerodha's website 'Downloads & Resources' section. Customer can fill the
form, sign it and courier it to the Bangalore office.
Note:
- It may take up to 2 working days to close the account. Customers receive an email notification with the status updates on the account closing procedure.
- Clear all the dues before closing the account.
- Transfer all your securities from the Zerodha demat account to your other demat account.
- Zerodha do not charge anything for account closure.
