ZERODHA Account Opening | How to Open Free Account in ZERODHA | Step by Step Full Guide-2024

Summary

This video script is a detailed guide on how to open a free trading account with zero initial deposit. It walks viewers through the process step-by-step, starting from clicking on a link in the video description to opening the account, entering personal details, verifying through OTP, and uploading necessary documents. The tutorial also covers setting trading preferences, linking bank accounts, and completing the application form digitally. The script assures viewers that the account activation process is free and can be done from home, and it encourages them to ask queries or share feedback in the comments section.

Takeaways

• 📱 Zerodha offers free account opening with no charges.
• 🔗 The video provides a link in the description for signing up.
• 📞 A valid, unused mobile number is required for registration.
• 🔐 An OTP is sent to the mobile number for verification.
• 📝 After entering name and email, another OTP is sent for further verification.
• 🆔 PAN number and date of birth are required for the next step.
• 📊 Users can choose different trading segments like equity, commodities, and mutual funds.
• 📄 Aadhaar-based KYC is completed through Digilocker.
• 💳 Bank account details must be linked and verified during the process.
• 🖋️ E-sign is required for finalizing the application, with OTP-based Aadhaar verification.

Q & A

What is the primary topic of the video?

The video provides a step-by-step guide on how to open a free trading account with Zerodha, a leading brokerage firm in India.

What is the first step in opening a Zerodha account?

The first step is to click on the 'free account opening link' provided in the video's description and enter a valid 10-digit mobile number that has not been used for any previous Zerodha account.

What happens after you enter the mobile number?

An OTP (One Time Password) is sent to the entered mobile number. You need to enter this OTP and then click 'Continue' to proceed.

What information is required after entering the mobile number and OTP?

You are required to enter your name and email ID. Another OTP will be sent to your email, which you need to enter to proceed.

What details are asked in Step 1 of the account opening process?

In Step 1, you are required to input your PAN number and date of birth.

What trading segments can you choose in Step 2?

In Step 2, you can choose from various trading segments, including Futures and Options, Commodities, Equities, and Mutual Funds. You can enable all segments by ticking the respective boxes.

How is KYC done for Zerodha account opening?

KYC is done through Aadhaar verification using Digilocker. You need to enter your Aadhaar number and complete the process by receiving an OTP on the mobile number linked to your Aadhaar.

What is required for bank account linking?

You need to provide your bank details, such as IFSC code, account number, and branch information. Alternatively, you can also link your UPI.

What is the IPV process, and how does it work?

IPV (In-Person Verification) requires you to write a unique code (provided on the page) on a piece of paper and show it in front of your webcam for verification.

What documents need to be uploaded during the account opening process?

You need to upload a canceled cheque or a bank statement, and optionally, income proof if you wish to trade in Futures and Options or Commodities.

What is the final step to complete the Zerodha account opening?

The final step is the e-sign process, where you need to enter your Aadhaar number and complete the OTP verification. After signing the documents digitally, the Zerodha team will verify your application within 24 working hours.

How will you know if your account has been activated or canceled?

You will receive an email or SMS notification within 24 working hours, informing you whether your account has been activated or canceled.