The standing instructions and consents taken by Zerodha are as follows:
- Purchase waiver/Confirmation waiver is the instruction from the demat account holder to the Depository Participant (DP) to receive credit to the account. A purchase waiver is mandatory to credit shares when they are purchased from the trading account or transferred from another broker.
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Zerodha flags the Pledge Standing Instruction (SI) as
No
by default. To change it, open the account offline.
- Zerodha will send the account statements monthly. To change the preference, open the account offline.
- Zerodha will send the account statements to the registered email ID. To receive it physically, open the account offline.
- Zerodha flags the default nomination value on the periodic statement of holdings as Y or N, depending on the investor's choice.
- Email ID is shared with the company Registrar and Transfer agents (RTA) of the shares held in the demat account to receive corporate action notifications, annual reports etc.
- The mode of receiving the annual report and contract notes is electronic. To receive it physically, open the account offline.
- Dividends and interest will be credited to the primary bank account linked to the Zerodha account.
- The demat account is marked as a Basic Services Demat Account (BSDA) by default. It is updated based on the eligibility criteria information received from the depositories.
- If you're opening an account online, the DIS booklet will not be issued at the time of account opening, as eDIS is enabled by default. You can submit a DDPI at a later date if required. If you need a DIS booklet, it will be issued upon request.
If the above consents need to be changed, you must open the account offline.