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

TradingProfound

27 Jul 202407:48

Summary

TLDRThis 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.

Outlines

00:00

📈 Opening a Free Trading Account

The script provides a step-by-step guide on how to open a free trading account with a broker in India. It starts with instructions to click on a link in the video description to obtain a free account opening link. The process involves entering a mobile number that has not been used before for account opening, receiving an OTP, and continuing to the next steps which include entering name and email ID, PAN number, and date of birth. The user is then asked about their trading preferences in futures, options, commodities, equity, and mutual funds. They must agree to terms and conditions before proceeding to the next steps which include Aadhaar verification and setting up a security PIN. The final steps include uploading documents, setting preferences for trading account settlement, and linking a bank account. The process concludes with a signature and document upload, and the user is informed that they will receive an email or SMS with the account status within 24 working hours.

05:00

🖋️ Finalizing Account Opening

This paragraph continues the account opening process, focusing on the final steps. It describes how to sign the documents, add a nominee, and go through the 'Sign then I' process. The user is guided to tick the terms and conditions box, enter a 12-digit Aadhaar number, and send an OTP to the linked mobile number on the Aadhaar card. After verifying the OTP and signing, the user can download or print the completed form. The script emphasizes not to close the window as the process will automatically redirect to the next step. The final step involves digitally signing the application, which, once completed, generates an ID, indicating the successful completion of the account opening process. The user is informed that their application will be verified by the Zerodha team and they will receive a confirmation via email or SMS within 24 working hours. The video also mentions that if the account is canceled, the user can re-login and queries can be asked in the comment section. Links for opening accounts with other brokers like Dhan Angel One are provided in the video description.

Mindmap

Keywords

💡Account Opening

Account opening refers to the process of creating a new Demat or trading account, which is the main focus of the video. The speaker explains the entire process, emphasizing that it is now free of cost and can be done through Zerodha, India's number one brokerage firm. Examples include filling in mobile numbers, entering PAN details, and completing KYC verification.

💡Zerodha

Zerodha is the brokerage firm being promoted in the video as the platform where users can open a free trading or Demat account. The company is positioned as a leading stockbroker in India. The video provides a step-by-step guide on how to open an account on Zerodha's platform, from entering basic details to verifying documents.

💡OTP (One-Time Password)

An OTP is a security feature that helps verify a user's identity during the account opening process. The video mentions multiple instances where OTPs are sent to the user's registered mobile number to confirm actions like account creation, Aadhaar verification, and e-signing documents.

💡PAN Number

A PAN (Permanent Account Number) is a unique identification number issued to individuals in India for tax purposes. In the video, the user is required to enter their PAN number during the account opening process, particularly in Step One, which involves personal identification.

💡KYC (Know Your Customer)

KYC is a mandatory process for verifying the identity of customers before providing financial services. The video explains how to complete KYC using Aadhaar-based authentication. It ensures that the account holder's details are validated, forming a crucial part of the Zerodha account opening process.

💡Aadhaar

Aadhaar is a 12-digit unique identification number issued by the Indian government. In the video, the user must link their Aadhaar number to complete the KYC process. The Aadhaar number is also used for e-signing the documents, with OTP sent to the mobile number registered with Aadhaar.

💡Segment Selection

The video highlights 'Segment Selection,' where users choose which financial instruments they want to trade, such as futures, options, commodities, equities, and mutual funds. This step ensures that users are signed up for the right services based on their trading preferences.

💡e-Sign

The e-Sign feature allows users to digitally sign documents needed to open their account. The video details the process of signing the form using Aadhaar and OTP verification. This is one of the final steps in completing the account application.

💡Nominee

A nominee is a person designated to inherit the assets in the event of the account holder’s death. The video explains that adding a nominee is an optional step, but it is recommended. The nominee information can be filled in or skipped during the account creation process.

💡Bank Account Linking

This step involves linking the user's bank account to their trading account on Zerodha. The video explains that users need to input details such as IFSC code, bank account number, and branch to complete this process, which is critical for transferring funds for trading.

Highlights

Account opening is now completely free of cost.

The process starts by clicking on the link in the video description.

Enter a 10-digit mobile number that has not been used for account opening before.

An OTP will be sent to the mobile number entered.

Enter your name and email ID on the next page.

An OTP will be sent to the email provided, which needs to be entered to continue.

Enter your PAN number and date of birth on the subsequent page.

Select the trading segments you are interested in, such as futures, options, commodities, equity, and mutual funds.

Read and agree to the terms and conditions before proceeding.

Enter your Aadhaar number and solve the captcha to authenticate your identity.

An OTP will be sent to the mobile number linked to your Aadhaar card.

Set or reset your security PIN if you do not remember it.

Documents such as bank statements or council checks need to be uploaded.

Income proof documents are required if trading in futures, options, or commodities.

Sign the documents and click the 'Done' button to proceed.

Skip or add nominees as per your preference.

The final step involves signing the application form digitally.

After clicking 'Finish', your application ID will be displayed, indicating completion of the process.

You will receive an email or SMS on your mobile number with the account activation status within 24 working hours.

If there are any queries or issues, they can be addressed by leaving a comment or asking the broker.