How to create Dmat account in Zerodha

Zerodha Account Opening Process

I.1 Charging Bull

This post is intended for all my new investor friends:

who wants to start their journey in the field of stock markets
who are having a keen interest in managing their personal finance
who wants to generate passive income
who wants to generate a huge corpus by the age of their retirement
who wants to beat the inflation rate

Your first step should be getting your D-mat (De-Materialised)  account created to invest in the equities/shares. You should open your Demat account with a Broker to buy/sell shares in the share market.

In India there are two stock exchanges : 
NSE: National Stock Exchange
BSE: Bombay Stock Exchange

We can buy/sell shares from these stock exchanges via an intermediary called a broker.

You must open a Demat + Trading account with these brokers for online buying and selling of shares.

Zerodha, Upstox, Angel Broking, 5 Paisa, ICICI securities, HDFC securities are some of the brokers in India.

While Zerodha, Upstox, 5 Paisa, are the discount brokers and ICICI securities, HDFC securities are full-time brokers. 

So, let us start with the topic :

Why I chose Zerodha as my broker :

• Online account opening charges 200 Rupees for Equity 
• Zero Brokerage on Delivery orders
• Intraday and F&O charges Flat ₹20 
• AMC (Annual Maintenance) charges ₹300 
• Its app "KITE" user interface is very good

        Zerodha is one of the leading discount brokers in India. It is very cost-effective, attractive and the best part which I like is its Annual maintenance comes around ₹300 which is less than a Rupee/ Day. 

So it is way cheaper. {You can make this free for you, just avoid going McDonald's once.}

Follow the rest of the part of the post, Once you have decided to go with Zerodha.

 

Documents required  :

1. PAN card soft copy 
2. Adhar card soft Copy 
3. Canceled cheque soft copy/Latest bank statement 
4. signature soft copy
5. 6-month bank statement for income proof (for F&O)

Below are the detailed steps for your D-mat account creation using Zerodha :

Step 1: Click on the link below for your first step towards investment in equity by creating your Demat account:  Sign Up Link

I.2 Sign up now

Step 2: Click on Sign Up Now

Point to note: The mobile and email you will provide, using that your eCAMS CKYC will be carried out as a part of this account opening.

Step 3: Enter your mobile number to link with Zerodha and Continue, Zerodha will send an OTP to your mobile, Enter OTP and Continue

Step 4: Enter your email to link with Zerodha and Continue, Zerodha will send an OTP to your email, Enter OTP and Continue

I.3 Enter Mobile Number

I.4 Enter OTP

Step 5: Enter your PAN Card correctly: you'll never able to edit it again...

I.5 Enter PAN and DOB and click the checkbox

Step 6: Enter your Date of Birth as on PAN Card

Step 7: Confirm by clicking the checkbox and Continue

I.6 Payment Page

Step 8: Select which item you want to trade: Equity (is a must) but commodity (optional /as per you).

Depending on your selection total amount to pay will appear

Step 9: You can pay via UPI or Net banking, Enter details and Click on Pay and Continue

I.7 Step 10

Step 10: Complete your payment.

I.8 Digilocker privacy to share Adhar

Step 11: Next step is to approve/provide your Adhar Details securely to Zerodha. Digilocker is the gateway used here for sharing this sensitive info.
Digilocker is online service provided by the government: So it's safe no worries 😃

Step 12: Connect to Digilocker Sign in (if having an account already) and click on Allow and Share.

if you are new to Digi locker then sign up using your Adhar card details and OTP received on mobile linked to aadhar.

Step 12.1 Enter Adhar number for sign up

Step 12.1.1 Enter OTP received on the mobile number

Step 12.1: Set 6 Digit PIN for your Digilocker account (Remember this PIN for Digilocker Login)

Step 12.3 check for issue documents

Step 12.2: check the issued documents Adhar is there or not: if not, upload aadhar under the Uploaded documents section after successful upload, select document type. and then Logout after signing up and checking/uploading the Adhar.

 

Step 12.3 Allow

Step 12.3 Again click on Connect to Digilocker and Allow and Share.

Step 12.3.1 Share

Step 13: One form will be generated and your Adhar details & your photo should come up at the top with a blank form to be filled by you.

Step 14: Fill in the below details 

• Select marital status
• Fill in father's name, mothers name
• Bank Account details :  (Give your account number properly)
• IFSC Code
• Bank account number 
• Confirm Bank account number by retyping it.
• Background info like income band, trading experience, political exposure, occupation, Commodity trade classification

I.14 accept and Continue

Step 15: Click the checkboxes and Continue

I.15 WEBCAM IPV Process

Step 16: In-person Verification: Webcam IPV process.

Write the code given in the Gray rectangle on a paper and capture your image through webcam holding the paper in hand. OTP should be readable.

After the successful completion of Webcam IPV (uploading your picture with the given OTP on paper in hand), you will be redirected to the below page.

I.16 Step 16 Adhar Verification Page 

Step 17: You will be taken to below page where you need to upload

1. Canceled cheque
2. Income Proof
3. Signature (which is on PAN)
4. PAN

Upload all the required documents carefully.

I.17 Upload Cancelled cheque

I.18 Upload Income proof, Signature, PAN

Step 18:  Click eSign Equity to proceed with email verification, Click Continue

I.19 Continue

Step 19: Click the checkbox  and Proceed to eSign

I.20 Process to eSign

Step 20: This is the final part of the verification. You will be redirected to the NSDL site for verification.

{ if there's heavy traffic site will not load, try after some time, you can logout.. you can continue from where you have left by logging in again. you can resume from step 18 }

When you get below page, Enter your aadhar card number, click the checkbox and click on Send OTP

 

I.21 Enter Adhar number and OTP Received

Step 21: Enter OTP, Submit and click on Sign now

I.22 Sign now

Step 22: You will be again redirected to the NSDL site, for re-verification.

Enter Adhar, Click the checkbox, click on Send OTP, then enter the OTP  received and Submit. 

The below pages should appear.

I.23 Done

Congrats ..! You are done with your account opening..!

I.24 Logout

You may receive some updates in the next two days over mobile number/email from CDSL regarding your EKYC which will happen in the background after completing the above process.

Also, after 1 or 2 days you will receive, email from Zerodha with your User id and password for login.

Also, you will need to send the POA (Power of Attorney) form filled with your signature on it to the broker.

All set to Buy and Sell shares...😄

-----Special thanks to Ms. Sushmarani K. for helping in this blog post preparation...

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