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How to open a Zerodha demat account online? What is a Basic Services Demat Account (BSDA) and how can one be opened at Zerodha? What is In-Person Verification (IPV), and why is it required?
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How to open a Zerodha demat account online? Zerodha has made online and offline account opening free for resident Indian accounts from 29th June 2024. An individual Zerodha account can be opened online if the mobile number is linked to the Aadhaar.
The user ID to log in to Kite, Zerodha’s trading platform, is displayed as soon as the trading and demat account opening forms are e-signed. The user ID is also sent to the registered email ID with the subject line Welcome to Zerodha.
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The Basic Services Demat Account (BSDA) was introduced by SEBI to increase retail participation, with the Annual Maintenance Charge (AMC) being free if the value of holdings is less than ₹4 lakhs.