No, you cannot open an account for a family member or friend using your registered mobile number and email ID. When unique contact details are provided, it would be easier for clients to track communications and reports shared from the exchanges, depositories, and Zerodha.
However, you can use your existing contact details to open a non-individual account, such as an HUF, partnership, or corporate account.
You can now
open a secondary demat account with Zerodha
to separate your long-term investments from short-term trades, alongside your primary account to manage investments better and plan taxes more efficiently.