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Zerodha

4.7 / 10 Overall Score

Website: https://zerodha.com/
Jurisdiction: India
Operating Since: 5-10 years
Regulatory Status: N/A

Score Breakdown

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Regulation
Business
Risk Control
Software

Company & Contact

Legal Name: Zerodha Broking Ltd.
Phone: 9.11E+12
Email: complaints@zerodha.com
Address: —

License Info: —

In-Depth Broker Review

What’s inside: Company overview, account types, and deposit & withdrawal guidance.

Company Profile
Account Types
Deposit & Withdrawal

Broker Details

# Zerodha Company

## Company Overview

Zerodha company is an Indian financial services firm that operates as a discount broker, providing a range of services including equity investments, commodities trading, currency trading, and mutual funds. Founded in 2010 by siblings Nithin and Nikhil Kamath, Zerodha has significantly transformed the landscape of stock trading in India by introducing a cost-effective pricing model that eliminates traditional brokerage fees for equity delivery trades. The company's name is derived from the combination of the English word "zero" and the Sanskrit word "rodha," meaning barrier, reflecting its mission to break down barriers for traders and investors.

Zerodha is headquartered in Bangalore, Karnataka, and has a presence in several major Indian cities. The company is privately funded and has grown to become the largest stock broker in India based on active client numbers, with over 4 million clients as of 2024.

## Corporate Development

Since its inception in 2010, Zerodha has achieved notable milestones that mark its growth trajectory. The company pioneered the discount broking model in India, which has since gained widespread acceptance among retail investors. Key developments include the launch of its flagship trading platform, Kite, and the introduction of Coin, a platform for direct mutual fund investments, in 2017. Zerodha has also expanded its service offerings to include a range of investment products such as IPOs, bonds, and government securities.

The company has received recognition for its innovative approach, including the Economic Times Startup Awards in 2016 for being a bootstrap champion.

## Corporate Structure and Subsidiaries

Zerodha operates as a single entity under the name Zerodha Broking Limited, which encompasses its trading, investment, and financial services. The company has established various departments to manage its operations effectively, including customer support, technology development, and compliance.

While specific subsidiaries or branches were not detailed in the provided data, Zerodha is known for its robust digital infrastructure, which supports its operations across different financial segments.

## Regulation and Compliance

Zerodha is regulated by the Securities and Exchange Board of India (SEBI) and is a member of the National Stock Exchange (NSE), Bombay Stock Exchange (BSE), and Multi Commodity Exchange (MCX). The company adheres to stringent compliance measures, ensuring that client funds are protected through segregation policies and other client fund protection measures.

Zerodha's commitment to transparency is evident in its operational framework, which includes regular audits and compliance checks to maintain adherence to regulatory requirements.

## Global Presence and Market Coverage

Zerodha primarily serves the Indian market, with a focus on retail investors and traders. While the company does not have a global presence in the traditional sense, it has positioned itself as a leader in the Indian financial services sector, contributing significantly to the retail trading volume on Indian stock exchanges.

The company has not disclosed specific local branches or representative offices outside of India, indicating a concentrated focus on the domestic market.

## Financial and Operational Data

As of 2024, Zerodha has over 4 million active clients and is recognized for its low-cost trading services. The company has a significant daily turnover, with estimates suggesting around ₹10,000 to ₹12,000 crores in the equities market. Zerodha's operational model emphasizes technology, with investments aimed at enhancing its trading platforms and customer experience.

The company operates on a debt-free model, which contributes to its financial stability and operational integrity.

## Reputation and Industry Standing

Zerodha is widely regarded as a pioneer in the Indian discount brokerage industry, known for its innovative technology and customer-centric approach. The company enjoys a strong reputation among retail investors, with many users appreciating its low-cost trading options and user-friendly platforms.

Publicly available reviews and ratings reflect a positive perception of Zerodha within the financial community, highlighting its commitment to transparency and customer service.

## Summary

In summary, Zerodha company has established itself as a leading player in the Indian financial services sector, recognized for its innovative discount brokerage model and commitment to breaking barriers for traders and investors. With a strong regulatory framework, a focus on technology, and a growing client base, Zerodha continues to play a significant role in shaping the future of trading in India. Its operational integrity and market presence position it as a credible and reliable choice for investors seeking efficient trading solutions.

Account Types

# Zerodha Account Types

Zerodha offers a few types of accounts tailored for different trading needs:

### 1. Trading Account
- **Minimum Deposit Requirement**: ₹200 for equity trading.
- **Commission Model**: 
 - ₹0 brokerage on equity delivery trades.
 - ₹20 or 0.03% (whichever is lower) per executed order for intraday and F&O trades.
- **Leverage Limits**: Varies based on the segment and market conditions.
- **Trading Instruments Available**: Stocks, derivatives, commodities, and currencies.
- **Base Currencies Supported**: Indian Rupee (INR).
- **Execution Model**: Direct market access.
- **Unique Features**: 
 - Instant online account opening.
 - Access to advanced trading platforms like Kite and Coin for mutual funds.

### 2. Demat Account
- **Minimum Deposit Requirement**: ₹200 for equity.
- **Commission Model**: ₹300 annual maintenance charge (AMC).
- **Leverage Limits**: Not applicable.
- **Trading Instruments Available**: Holds stocks and securities.
- **Base Currencies Supported**: Indian Rupee (INR).
- **Execution Model**: Not applicable.
- **Unique Features**: Allows for seamless transfer of securities.

### 3. NRI Account
- **Minimum Deposit Requirement**: ₹500 for account opening.
- **Commission Model**: 
 - ₹100 per executed order for non-PIS accounts.
 - ₹200 per executed order for PIS accounts.
- **Leverage Limits**: Not specified.
- **Trading Instruments Available**: Stocks, derivatives, commodities.
- **Base Currencies Supported**: Indian Rupee (INR).
- **Execution Model**: Direct market access.
- **Unique Features**: Tailored for Non-Resident Indians, allowing trading in Indian markets.

# Zerodha Broker Account Opening Process

Here is the step-by-step process to open an account with Zerodha:

1. **Visit the Account Registration Page**: Go to the Zerodha website and click on the "Open an Account" button.
2. **Mobile Number Verification**: Enter your mobile number and receive a 6-digit OTP for verification.
3. **Email Verification**: Verify your email by entering the OTP sent to your email address.
4. **Provide PAN and DOB**: Enter your PAN number and date of birth.
5. **Account Opening Fee Payment**: Pay the one-time account opening fee (₹200 for equity).
6. **Connect to DigiLocker**: Sign in to your DigiLocker account to share your Aadhaar details with Zerodha.
7. **Personal Details**: Fill in your personal information, including your bank account details.
8. **In-Person Verification (IPV)**: Write the displayed OTP on a piece of paper and hold it in front of your camera for verification.
9. **Document Upload**: Upload required documents such as PAN, Aadhaar card, cancelled cheque, and signature proof.
10. **e-Sign**: Complete the e-sign process using your Aadhaar number and OTP.
11. **Account Approval**: Wait for document verification, which typically takes up to 24 hours. You will receive your login credentials via email.

After completing these steps, you can log in to your Zerodha account and start trading on platforms like Kite.

Deposit & Withdrawal

# Zerodha Deposit & Withdrawal Guide 2025: Methods, Limits, and Processing Times Explained

## Zerodha Minimum Deposit Explained

### Minimum Deposit Amount
The minimum deposit required to open a Zerodha trading account is ₹1. This low entry barrier makes it accessible for new traders and investors looking to start trading in the Indian stock market.

### Account-Type Comparison
Zerodha offers various types of accounts, including:
- **Equity Trading Account**: For trading in stocks.
- **Commodity Trading Account**: For trading in commodities.
- **Futures & Options Account**: For derivatives trading.
- **Demat Account**: Necessary for holding shares in electronic form.

### Regional Differences
While the minimum deposit is consistent across India, account opening and funding processes may vary slightly based on regional banking regulations and practices.

### Advantages
1. **Low Barrier to Entry**: The minimal deposit requirement encourages new investors.
2. **Diverse Account Types**: Flexibility to choose accounts based on trading preferences.
3. **No Inactivity Fees**: Users can maintain accounts without worrying about fees if they do not trade frequently.
4. **Wide Range of Trading Instruments**: Access to stocks, commodities, and derivatives.

### Disadvantages
1. **Limited International Trading Options**: Primarily focused on Indian markets.
2. **No Forex Trading**: Zerodha does not support forex trading, which may limit some traders.
3. **No Guaranteed Stop Loss**: Traders may face risks during volatile market conditions without this feature.

### Competitor Comparison
Compared to competitors like Upstox and Angel Broking, Zerodha stands out with its zero brokerage on equity delivery and a flat fee of ₹20 per trade for intraday and derivatives trading. Other brokers may have higher fees, making Zerodha a more cost-effective choice for active traders.

## Zerodha Deposit Methods Comprehensive Guide

### Supported Deposit Methods
1. **Bank Transfer (NEFT/RTGS/IMPS)**
 - **Processing Time**: Instant for IMPS; NEFT typically within 2 hours; RTGS varies.
 - **Fees**: ₹9 + 18% GST for payment gateway; bank charges may apply.
 - **Availability**: Nationwide.
 - **Limits**: No fixed limit; subject to bank policies.
 - **Pros**: Quick and easy; widely accepted.
 - **Cons**: Payment gateway fees apply.

2. **UPI (Unified Payments Interface)**
 - **Processing Time**: Instant.
 - **Fees**: No fees.
 - **Availability**: Nationwide.
 - **Limits**: Varies by bank.
 - **Pros**: No fees; instant transfers.
 - **Cons**: Limited to UPI-enabled banks.

3. **Cheque Deposit**
 - **Processing Time**: 3-5 working days.
 - **Fees**: No fees.
 - **Availability**: Nationwide.
 - **Limits**: Subject to bank policies.
 - **Pros**: No fees.
 - **Cons**: Longer processing time.

4. **Debit/Credit Card**
 - **Processing Time**: Instant.
 - **Fees**: Not accepted by Zerodha.
 - **Availability**: Not applicable.
 - **Limits**: Not applicable.
 - **Pros**: Not applicable.
 - **Cons**: Not supported.

### Supported Currencies and Recommended Methods
Zerodha primarily supports Indian Rupees (INR) for deposits. The recommended methods for quick deposits are UPI and bank transfers (IMPS) due to their speed and low fees.

## Zerodha Deposit Steps Explained

### Step-by-Step Deposit Procedure
1. **Log in to your Zerodha account**: Access the Kite or Console platform.
2. **Navigate to the 'Funds' section**: Click on the 'Add Funds' button.
3. **Select your deposit method**: Choose UPI, bank transfer, or cheque.
4. **Enter the amount**: Specify how much you want to deposit.
5. **Confirm your transaction**: Follow the prompts to complete the deposit.

### Mobile vs Web Differences
The deposit process is similar on both mobile and web platforms, but the mobile app may offer UPI as the primary method for quick deposits.

### KYC Notes and Common Issues
Ensure that your KYC (Know Your Customer) documentation is complete to avoid delays. If you face issues with deposit failures, check your bank's transaction limits and ensure that your account is linked to your Zerodha account.

### Typical Fund Crediting Times
- **UPI**: Instant.
- **IMPS**: Within 10 minutes.
- **NEFT**: Within 2 hours.
- **Cheque**: 3-5 working days.

## Zerodha Withdrawal Methods Overview

### Available Withdrawal Channels
1. **Bank Transfer**
 - **Processing Time**: Within 24-48 hours.
 - **Fees**: No withdrawal fees.
 - **Currencies**: Primarily INR.
 - **Limits**: Up to the available balance, subject to margin requirements.
 - **Pros**: Quick and no fees.
 - **Cons**: Availability of funds depends on trading activity.

2. **Instant Withdrawal via UPI**
 - **Processing Time**: Instant.
 - **Fees**: No fees.
 - **Currencies**: Primarily INR.
 - **Limits**: Subject to bank limits.
 - **Pros**: Fastest method available.
 - **Cons**: Limited to certain banks.

### Recommended Options by Cost and Speed
For the fastest and most cost-effective withdrawal, use UPI for instant transfers or bank transfer for slightly longer but reliable processing.

## Zerodha Withdrawal Steps Explained

### Step-by-Step Withdrawal Instructions
1. **Log in to your Zerodha account**: Access the Kite or Console platform.
2. **Go to the 'Funds' section**: Click on 'Withdraw Funds.'
3. **Select your withdrawal method**: Choose bank transfer or UPI.
4. **Enter the amount**: Specify how much you want to withdraw.
5. **Confirm your transaction**: Follow the prompts to complete the withdrawal.

### ID Verification Requirements
You may need to verify your identity if your account details have changed since your last transaction. Ensure that your bank account is linked to your Zerodha account for smooth processing.

### Expected Fund Arrival Time
Funds typically arrive within 24-48 hours for bank transfers. Instant withdrawals via UPI will reflect in your account immediately.

### Typical Delay Reasons and Fixes
Delays may occur due to:
- Bank processing times.
- Incorrect bank account details.
- High withdrawal volumes.

To avoid delays, ensure that your account details are correct and that you initiate withdrawals during banking hours.

## FAQs – Zerodha Deposits & Withdrawals

### What is the minimum deposit for Zerodha?
The minimum deposit for Zerodha is ₹1.

### How long do withdrawals take?
Withdrawals typically take 24-48 hours to process.

### Are there fees for deposits or withdrawals?
Zerodha does not charge fees for deposits or withdrawals.

### Can the same method be used for both?
Yes, bank transfers and UPI can be used for both deposits and withdrawals.

### Are crypto or local methods supported?
Zerodha does not support cryptocurrency deposits or withdrawals. Only INR deposits and withdrawals are allowed.

Disclaimer: This card is for informational purposes only and does not constitute investment advice. Always verify details with official disclosures and regulators.

Zerodha

Zerodha

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