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How to open a joint demat account at Zerodha?

Only one trading account can be opened per individual. However, multiple demat accounts can be opened.

A joint demat account can only be opened offline. There can be a maximum of three account holders, including the primary account holder. To open a joint demat account, submit the following documents:

Application form

Supporting Documents

  • Passport-size photographs of the joint holders to affix on the applications.
  • Self-attested PAN copy of the joint holders.
  • Self-attested address proof of the joint holders. Any one of the following: Aadhaar, driving license, passport or voter ID. The correspondence address of the first or primary holder must be filled in the demat form since all account-related communication will be sent to the first holder. If an Aadhaar is being submitted as proof, ensure that a masked Aadhaar is submitted, To learn how to get the masked Aadhaar, see How to download masked Aadhaar?
  • A bank account proof in the primary holder's name. The bank proof can be one of the following: A personalised cancelled cheque with the name printed on it, a bank statement with the bank logo and seal, a bank passbook copy with the bank account number, MICR, and IFSC code clearly visible.
  • An income proof to trade in F&O. The income proof can be one of the following:
    • Bank statement with a bank logo and seal for the last six months with an average balance of more than ₹10,000.
    • The latest salary slip with gross monthly income exceeding ₹15,000.
    • ITR acknowledgement with gross annual income exceeding ₹1,20,000.
    • Form 16 with gross annual income exceeding ₹1,20,000.
    • Certificate of net worth more than ₹10,00,000.
    • Statement of demat holdings with current holdings value exceeding ₹10,000.

Sample copy and signature guidelines

Check the sample equity form (PDF) for reference. Refer to the signature guidelines (PDF) to sign all the forms.

In-person Verification (IPV)

As part of the mandatory In-Person Verification (IPV) requirement for all brokers, Webcam or a physical verification is required individually for each holder. See What is In-Person Verification (IPV), and why is it required? If any of the account holders face an issue while completing the IPV, create a ticket.

Need help? Call Zerodha’s new account opening desk at 080 4719 2020, 080 7117 5337 or create a ticket.

Once all the documents are ready, e-mail the soft copy of all the forms to [email protected]. The forms will be reviewed in case any corrections are required. After the forms are reviewed, courier the documents and a cheque in favour of Zerodha Broking Limited for the following amount:

  • ₹500 towards Equity and Commodity trading account opening charges.

Courier all the documents to the following address:

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

A joint demat account is usually opened for the following reasons:

  • To dematerialise jointly held physical shares.
  • To transfer shares from a joint demat to another joint demat of another broker.

To know all the charges involved while trading and investing, visit

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