How to activate Coin?
As per the regulations, order placement is disabled for clients whose PAN is not linked with Aadhar. Even if Aadhar is successfully linked with PAN, it must still be updated in the IT records, which can take up to 7 working days. To learn more, see
How to link PAN with Aadhaar?
Coin is activated by default for all users with a Zerodha demat account. Coin account can be marked inactive if:
- The Zerodha account was recently opened. It can take up to 24 hours from account opening for Coin to be activated automatically. Clients do not have to undertake any action.
- If the account was opened before September 15, 2015, the demat account would be with IL&FS. To activate Coin, switch the demat account from IL&FS to Zerodha. To know how, see How to switch demat account from IL&FS to Zerodha?
- If a Zerodha trading account is opened without opening a demat account. The Zerodha demat account must be opened to activate Coin. To know more, see How do I open a demat account if I already have a trading or commodity account?
- If the Zerodha account is dormant. To activate Coin, clients will have to do a rekyc. To learn more, see How to reactivate the Zerodha account?
- Coin is activated only for NRI non-PIS account holders and is not activated for other types of NRI account holders. To learn more see, Can Non-Resident Indians (NRIs) invest in mutual funds through Coin?
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