Today let’s talk about the way to invest in stock market. For investing / trading we need a Demat account to buy or sell equities in stock market.
Okay!, but what’s the demat account?
It’s very similar to our bank account, where we store our cash. But in demat account we store our shares which we buy in the market. Demat account holds shares, mutual funds, bonds, ETF’s . . . etc, in one place.
If one wants to invest in stock market, demat account is the utmost and primary requirement.
Demat accounts came into existence in 1996. Before that transactions are taken by physical receipts known as certificates. Transaction buy/sell used to take by telephone with the help of a stock broker.
Stock brokers provide services to have a Demat account for any individual. There are many different stock brokers available in India. Some of them are Zerodha, upstox, angel broking, ICICI Direct etc.
Zerodha is one of the best stock broker in India as of now. It has won an “Retail Broker ” award from the NSE IN 2018. It provides the best products and services, charges,margin fee. Overall all the factors compared zerodha tops the charts. Can find detailed comparison of Top 10 stock brokers
It charges a brokerage of 0.03% or Rs 20 per executed order, whichever is lower, irrespective of a number of shares or their prices.
Today I am going to explain how to open a Demat account with zerodha.
Before opening account let’s see the requirements of it.
Needed the following…
- PAN CARD
- Aadhar card
- Bank statement/ cancelled cheque
- Your signature on a white paper
- Passport size photograph
Account can be opened in both online and offline methods. But I am recommending the online method which is hassle free and quick.
Lets see the steps to open account.
Step 1
Open Zerodha page, you will redirected to kite platform of zerodha
Step 2
Enter your phone number and OTP recieved on your phone to verify your phone number.
Step 3
Enter your E-mail id and full name. Now verify your email id with the OTP recieved on your mail. You will receive all future mails to this email ID.
Step 4
Enter your PAN card details and DOB.
Step 5
Complete the payment.
For equity you need to pay 200, for commodities trading extra 100, for currency trading extra 200. ( So min 200 – max 500) based on your choice of tradings.
Step 6
You will be asked for aadhar details.
Step 7
After Aadhar verification, you will be asked to fill bank account details like bank account number, IFSC CODE
Step 8
IPV (In-Person Verification). In this process you will receive an OTP, and you need to write on a white paper and show it on camera with your face visible in camera.
Step 9
Next you need to sign your application, you can do it using aadhar details online with OTP or else need to courier the application after signing manually.
I recommend doing it with aadhar details.
Step 10
Upload the documents, pan card, bank statement, current signature
Step 11
Complete the process by E-signing the document with aadhar details and OTP as discussed in step 9.
Process is complete and you will receive a email on successful document verification after 2-3 business days.
Now you are entitled to trade on zerodha Kite platform.
With this account you can invest in mutual funds using coin platform of zerodha. Open it using the link Easy, commission free direct mutual fund investments on Coin by Zerodha. Open an account now.
In the next article will explain how to use the zerodha platform for investing and trading the shares.
STAY TUNED 😉
Till then, Happy learning and blogging 😁
Learn Investing 
Nice article
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