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Good news, if you are KYC verified you can open an account with Zerodha using your Aadhaar in a few minutes. Here is the process. The final step for you would be to courier us a signed copy of the POA page in case of equity and ECN in the case of commodity account.
If a person has an account with a different broker or if he has invested in mutual funds he will already be KYC compliant, so an IPV is not required. So we will be able to see the photo of the person who is signing which can be compared with the KYC photo. At present any account that will have two signatories even if they are Aadhar verified cannot open an account using Aadhaar signatures.
They will have to follow the existing account opening process. Can an NRIs open an accounts using Aadhar? They will have to follow the existing process, i. Can an existing client with an equity account open a commodity account using Aadhaar and vice versa? What if a client has already paid the account opening fee? He will have to pay the fee once again and he will get a refund once the account is opened.
If the client ID is generated instantly, from when will a client be able to trade? He can start trading in hours. A very Interesting article. Has all the information in detail for Zerodha Account Opening Procedure. Would 2 separate demat accounts be created?. I have suggested one of my colleagues to open acount through zerodha. He has filled the online formalities and e signed the docs. Demat account is needed only for equity and not for commodities.
Can I open my account at Zerodha using my Aadhaar? Has the Aadhaar based account opening gone live? You can make the payment via multiple modes such as internet banking, debit, credit cards etc Enter your bank details, background information, and click continue Now you will see two options.
If you have your Aadhar you can click on it and continue, if not you can just download the forms and send them over to us No docs required Assuming you have an Aadhar. Here are some frequently asked questions. Any1 knows the answer pls reply to question asked in above post.