You can open a Zerodha trading account for PMS (Portfolio Management Service), AIF (Alternative Investment Fund), or FPI (Foreign Portfolio Investor) account by submitting the required documents and completing in-person verification. Institutional accounts have different brokerage charges compared to regular non-individual accounts. The account opening charge is ₹500.
Documents required
Your custodian handles KYC for PMS/AIF/FPI accounts. Zerodha fetches the KYC information from custodians using your PAN.
You need to submit the following documents:
- Trading application form (PDF): The authorised signatory or managing partner must sign and affix the company seal. You can refer to the sample equity form (PDF) for guidance.
- Balance sheet: Submit a copy of your company's balance sheet for the last two financial years. The authorised signatory must sign and seal all pages. If your company is new, submit a net worth certificate instead. You must provide this document annually.
- FATCA declaration (PDF): The authorised signatory must sign and seal the form. Sample FATCA form (PDF).
- Shareholding pattern (PDF) and board resolution (PDF): Submit the latest shareholding pattern and board resolution on the company letterhead. The authorised signatory must sign and seal the documents. Sample annexures (PDF).
- Ultimate Beneficial Owner (UBO) declaration (PDF): If an individual holds more than 10% of the shareholding, capital, or profits in your company, they must identify as the ultimate beneficiary and submit a UBO declaration.
- CP allotment letter from the Exchange: Your custodian will provide this document.
- SEBI certificate: Your custodian will provide this document.
- CMR copy of demat account: Your custodian will provide the pool account details.
- Proof of bank account: Your custodian will provide a bank statement, cancelled cheque leaf, or bank letter for the FPI account.
- If the company is newly incorporated, a net-worth certificate from a chartered accountant (CA) must be provided. It must also have the UDIN number. An income tax declaration (PDF) on company letterhead with an authorised signatory or director's seal and signature.
- Any of the following income proof to activate the F&O and commodity segment:
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- 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.
In-person verification (IPV)
You must complete in-person verification to confirm that the authorised person opening the account matches the submitted documents. All brokers require this verification.
- Visit signup.zerodha.com/ipv.
- A 4-digit OTP is generated and shown on the screen.
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Enable your camera
and show the OTP while remaining clearly visible on camera.
Submission
- Email soft copies of all forms to [email protected].
- Zerodha will review your forms and notify you of any corrections needed.
- After completing the review, courier the physical documents and a cheque of ₹500 in favour of Zerodha Broking Limited to:
Zerodha Customer Support Centre
192A 4th Floor,
Kalyani Vista, 3rd Main Road,
JP Nagar 4th Phase,
Bengaluru, 560076
Your account will be opened within 72 working hours after Zerodha receives your documents.
For queries, create a ticket or write to [email protected].