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Account Opening

What documents are required to open a Hindu Undivided Family (HUF) account at Zerodha?

A Hindu Undivided Family (HUF) account can only be opened offline, unlike resident individual accounts that can be opened online.

The documents required to open a HUF account depend on the KYC status of the HUF. To learn how to check the KYC status, see What is Know Your Customer (KYC), and how can the KYC status be checked?

Table of contents

KYC of the HUF is not registered

The table below shows the documents required if the KYC of the HUF is not registered:

Type of document Requirements
Application form
HUF Declaration and Annexure
PAN
  • A PAN card copy of the HUF with seal and signature. Provide an additional declaration form (PDF) with the HUF seal and signature if the PAN is an ancestral PAN card.
  • A PAN card copy of the Karta with HUF seal and signature.
    Self-attested PAN card copy of karta.
    Self-attested PAN card copy of the co-parcener or member.
Address proof
  • Address proof of the HUF with seal and signature. The address proof can be the latest transaction copy of the HUF bank statement or passbook.
  • Address proof of the Karta with HUF seal and signature.
  • Self-attested address proof of karta. Address proof can be any of the following: Aadhaar, driving licence, voter ID or passport. If an Aadhaar is being submitted as proof, ensure a masked Aadhaar is submitted. To learn how to get the masked Aadhaar, see How to download masked Aadhaar?
Bank account proof
  • A bank account proof of the HUF for linking with Zerodha. The proof can be any one of the following:
    • Personalised cancelled cheque with the company name printed on it.
    • A bank statement or bank passbook copy with the bank account number, MICR, and IFSC code clearly visible.
Income proof
  • Any of the following income proof to activate the F&O and commodity segment:
    • The latest six months' bank statement or passbook of the company account.
    • Latest year audited profit and loss statement.
    • Latest year Income Tax Return (ITR) acknowledgement.
    • Net-worth certificate from the chartered accountant with the UDIN number specified.
    • DP holding statement of the entity.
Female Karta
  • Self-declaration form (PDF) if the Karta is female.

KYC of the HUF is registered

The table below shows the documents required if the KYC of the HUF is registered:

Type of document Requirements
Application form
HUF Declaration and Annexure
PAN
  • Self-attested PAN card copy of the co-parcener or member.
Bank account proof
  • A bank account proof of the HUF for linking with Zerodha. The proof can be any one of the following:
    • Personalised cancelled cheque with the company name printed on it.
    • A bank statement or bank passbook copy with the bank account number, MICR, and IFSC code clearly visible.
Income proof
  • Any of the following income proof to activate the F&O and commodity segment:
    • The latest six months' bank statement or passbook of the company account.
    • Latest year audited profit and loss statement.
    • Latest year Income Tax Return (ITR) acknowledgement.
    • Net-worth certificate from the chartered accountant with the UDIN number specified.
    • DP holding statement of the entity.
Female Karta
  • Self-declaration form (PDF) if the Karta is female.

Karta is an NRI

The table below shows the additional documents required if the Karta is an NRI:

Type of document Requirements
PAN
  • Self-attested copy of Karata’s PAN card.
  • Notarised copy of Karata’s PAN card.
Address proof
  • Self-attested copy of the overseas address proof. The address proof can be any of the following: Driving licence, foreign passport, utility bills, a bank statement, banker letter attested by the bank (on the bank's letterhead) (PDF), rental agreement, lease or sale deed. Mariner’s declaration or certified copy of Continuous Discharge Certificate (CDC) in case of Merchant Navy NRIs.
  • Notarised copy of the overseas address proof.
  • Self-attested copy of the Indian address proof if available.
Passport and Visa
  • In case of an Indian passport, a self-attested and notarised copy of a valid passport with the place of birth as India and a valid visa.
  • In case of a foreign passport, a self-attested and notarised copy of a valid passport, visa and the PIO, OCI or resident card.
Foreign Account Tax Compliance Act (FATCA) declaration
Foreign Exchange Management Act (FEMA) declaration

In-Person Verification (IPV)

In-Person verification (IPV) is the process of verifying that the person opening the account and the documents submitted are of the same person. As part of the mandatory IPV requirement for all brokers, Karta must complete the verification.

To complete the IPV online, visit signup.zerodha.com/ipv. A 4-digit OTP is generated and shown on the screen. Clients are required to enable the camera and show the OTP while being clearly visible. To learn how to enable the camera. See, How can the camera be enabled for an in person verification (IPV)?

To complete the IPV offline, the Karta must visit a Zerodha branch office or a representative of Zerodha would be required to visit the offices or residences of the client to complete the IPV procedure.

The account opening charge is ₹500 for equity trading, demat and commodity accounts. Once all documents are prepared, email soft copies of the forms to [email protected]. The forms will undergo review for any necessary corrections. Upon completing the review process, courier the documents and a cheque of ₹500 in favour of Zerodha Broking Limited to:

Zerodha,
153/154, 4th Cross, J.P Nagar 4th Phase,
Opp. Clarence Public School,
Bengaluru - 560078

It can take upto 72 working hours to open the account. To learn about the applicable charges, see What are the charges applicable to a Hindu Undivided Family (HUF) account? For further assistance, call 080 4680 5727 or create a ticket.

Did you know?

  • As per the CDSL guidelines (PDF), the nomination facility is available only for individual demat accounts. Therefore, non-individual account holders cannot add a nominee.
  • If the current Karta is opening the HUF account after the death of the previous Karta, a notarised copy of the death certificate with the HUF seal and signature must be provided.

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