Can a demat account be opened if a trading or commodity account exists?
To open a demat account when a trading account already exists, courier the demat application form (PDF) to Zerodha. The demat account will be opened only if the client is KYC compliant. Non-KYC-compliant clients must courier the KYC form (PDF) and the demat application form. To learn the KYC status, see What is Know Your Customer (KYC), and how can the KYC status be checked?
Clients with IL&FS demat accounts or only a commodity account are required to open a Zerodha trading and demat account. To learn how to switch from an IL&FS demat account to a Zerodha account, see How to switch demat account from IL&FS to Zerodha? To learn how to open a Zerodha trading and demat account, see How to open a Zerodha account offline?
Courier the forms to:
153/154, 4th Cross, J.P Nagar 4th Phase,
Opp. Clarence Public School,
Bengaluru - 560078
Once the form is received, the demat account will be opened within 72 working hours.