What is Zerodha Demat Account and how is it beneficial?
People frequently make investments in stock markets and there creeps the need for opening a Demat account. Private banks provide the facility of Demat accounts but they are quite expensive. Although the services provided by such platforms are great, sometimes the dividends are killed by the bank charges and brokerages deducted from such accounts. Private banks charge huge brokerages when a transaction is made through the Demat account. The worst part is that you still have to pay the brokerage amount when a stock is traded in the loss. May it be ICICI Direct or HDFC securities the brokerage amount for such banks is more or less the same. You might not want to go with them. But then, opening a Demat account is also compulsory for trading stocks. Hence consider opening the Upstox account.
After a lot of research, we have come up with something that will not cost you more and you will not have to pay so much brokerage as you are doing. Zerodha Demat and Trading account is one of the best options available to take care of your stick related transactions at costs that are much less than what is charged by others. Zerodha is very popular and the biggest discount broker in India with several customers from all over the country. It has a customer count of more than 10 lakhs. Zerodha is believed to contribute to over 15% of all retail orders in India and investments made in MCX, NSE, BSE, MCX-SX, etc. Nominal charges are deducted for account and transaction maintenance and the platform is easy to use and friendly.
Brokerage Details
Choose Zerodha Account opening and to enjoy stock related transactions at costs that are much lesser than what is charged by other banks. A brokerage of 0.01% is charged or Rs. 20 per order that is executed every time. The amount that is lower of the two is considered and the number of shares or their prices is not taken into consideration. A transaction irrespective of the amount is treated as an order.
The brokerage cost is way cheaper than what is charged by other financial institutions. Further, they charge fees on both sides of the transaction, which means that you have to pay double the amount. The charges are much higher than what is charged by Zerodha. If you are someone who is not familiar with the investment world and are new then we highly recommend opening Zerodha Demat Account in discount brokers so that huge costs aresaved.
Account Opening Process
Opening a Zerodha Demat Account is very easy and you can own one after submitting the required documents. This is an online procedure and you will have to upload the soft copies of all documents on the portal. The following documents are required -
●PAN Card
●Aadhar Card
●Canceled Cheque
●Signature on a piece of paper
●Passport Size Photographs
Opening an online account is recommended as Zerodha is moving towards Digital India and you should be a part of it too. However, if you don't have an Aadhar Card then you will have to opt for the offline method of opening an account. Obtain maximum benefits with the help of the Zerodha Demat Account.
After a lot of research, we have come up with something that will not cost you more and you will not have to pay so much brokerage as you are doing. Zerodha Demat and Trading account is one of the best options available to take care of your stick related transactions at costs that are much less than what is charged by others. Zerodha is very popular and the biggest discount broker in India with several customers from all over the country. It has a customer count of more than 10 lakhs. Zerodha is believed to contribute to over 15% of all retail orders in India and investments made in MCX, NSE, BSE, MCX-SX, etc. Nominal charges are deducted for account and transaction maintenance and the platform is easy to use and friendly.
Brokerage Details
Choose Zerodha Account opening and to enjoy stock related transactions at costs that are much lesser than what is charged by other banks. A brokerage of 0.01% is charged or Rs. 20 per order that is executed every time. The amount that is lower of the two is considered and the number of shares or their prices is not taken into consideration. A transaction irrespective of the amount is treated as an order.
The brokerage cost is way cheaper than what is charged by other financial institutions. Further, they charge fees on both sides of the transaction, which means that you have to pay double the amount. The charges are much higher than what is charged by Zerodha. If you are someone who is not familiar with the investment world and are new then we highly recommend opening Zerodha Demat Account in discount brokers so that huge costs aresaved.
Account Opening Process
Opening a Zerodha Demat Account is very easy and you can own one after submitting the required documents. This is an online procedure and you will have to upload the soft copies of all documents on the portal. The following documents are required -
●PAN Card
●Aadhar Card
●Canceled Cheque
●Signature on a piece of paper
●Passport Size Photographs
Opening an online account is recommended as Zerodha is moving towards Digital India and you should be a part of it too. However, if you don't have an Aadhar Card then you will have to opt for the offline method of opening an account. Obtain maximum benefits with the help of the Zerodha Demat Account.
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