What documents are required to open an account for a trust at Zerodha?

Trust accounts can only be opened offline, unlike resident individual accounts that can be opened online. The documents required depend on the KYC status of the society and authorised signatories/members. All documents must be within their validity periods when submitting your application. If any expire before you complete the account opening process, you'll need to obtain new copies.

Table of contents

• KYC of the trust and the trustees are not registered.
• KYC of the trust and the trustees are registered.
• If the trustee is an NRI.
• Ultimate Beneficial Owner (UBO).
• In-Person Verification (IPV).

KYC of the trust and the trustees are not registered

The table below shows the documents required if the KYC of the trust and the trustees are not registered:

KYC of the trust and the trustees are registered

The table below shows the documents required if the KYC of the trust and the trustees are registered:

If the Trustee is an NRI

The following additional documents are required if the trustee is an NRI:

Ultimate Beneficial Owner (UBO)

An individual is identified as an ultimate beneficiary if they have shareholding, capital or profits of 10% or more in the trust. They are required to submit the UBO annexure (PDF).

In case no individual is identified, the senior managing official may be considered as the UBO, and the following documents are to be submitted:

• If an individual holds 10% or more, a copy of the UBO annexure (PDF) with the UBO signature and the authorised person's seal and signature on the third page is required.
• A self-attested copy of the PAN and address proof of those holding 10% or more.

If an entity has more than 10% of the shareholding, capital or profits in the trust. The entity should identify as an ultimate beneficiary and is required to submit the following documents:

• A copy of the UBO annexure (PDF) with the authorised person's seal and signature and signature of all the shareholders of such an entity holding 10% or more on the 3rd page.
• A copy of the PAN and address proof with self-attestation of all the shareholders of such an entity holding 10% or more.
• The latest shareholding pattern (PDF) (on the entity letterhead) of such an entity holding 10% or more, with the whole-time director's or individual promoters' signature.

Sample UBO annexure (PDF).

In-Person Verification (IPV)

As part of the mandatory IPV requirement for all brokers, the authorised person must complete the verification. In-Person Verification (IPV) can be done online or offline. To do it offline, the authorised person must visit a Zerodha branch office, or a representative of Zerodha would be required to visit the client's offices or residences to complete the IPV procedure.

Submission process

1. Email soft copies to [email protected] for review.
2. Make corrections if requested.
3. Courier documents with ₹500 cheque payable to Zerodha Broking Limited to:

Zerodha Customer Support Centre
192A 4th Floor,
Kalyani Vista, 3rd Main Road,
JP Nagar 4th Phase,
Bengaluru, 560076

Processing time: Up to 72 working hours

To learn about the applicable charges, see What are the account opening, brokerage and other transactional charges applicable to a Trust account at Zerodha?

• 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.
• Private trusts can open trading accounts in the trust's name, but demat accounts will be opened in the names of at least two authorised trustees, with both the trading and demat accounts registered under the trust's PAN number as per CDSL operating guidelines.