You can activate F&O if your equity segment is active. If your number is linked with Aadhaar, you can activate derivatives (equity, currency, and commodity F&O) online.
To activate the FnO segment, you need income proof. You can select a holding statement if the holding value is more than Rs. 10,000; you can upload any one of the valid income proofs, or you can submit a bank statement via OTP. This is recommended as Zerodha fetches the bank statement via an RBI-approved Account Aggregator instantly.
To activate F&O, follow these steps:
Kite app
- Tap on user ID.
- Tap on Profile.
-
Tap on
Segments.
- Tap on Activate segment, then on the segments to be activated.
- Tap on Continue.
- Select the income range and income proof 1 . Select the trading experience and commodity trading classification 2 to enable commodities, and tap on Choose file.
- Accept the terms and conditions.
- Select Email or SMS to receive the OTP.
- Enter the OTP and click on Verify.
On Web
-
Visit
account.zerodha.com/account.
-
Click on
Login
and log in with Kite credentials.
-
Click on
Activate Segments.
-
Click on the
Toggle switch
to select the currency segment.
-
Click on
Apply changes.
-
Select the income range.
-
Select
Submit bank statement via OTP,
then click on
Get OTP.
-
Select the bank and click on
Proceed.
-
Enter the OTP and click on
Verify code.
-
Click on
Link account.
-
Enter the OTP and Click on
Verify OTP.
-
Click on
Accept.
-
Click on
Continue.
If you are activating currency F&O, you are required to eSign the RBI declaration form.
Things to keep in mind
- Activation takes up to 72 working hours.
- If you have a registered address in Sikkim, you must submit a domicile certificate to activate commodities in your account.
- Minor account holders cannot enable F&O as they cannot place intraday and F&O orders.
-
Ensure that your income proof file is in PDF format and under 5 MB in size. The proof must contain the logo and seal of the concerned authority.
Notes
1 Any of the following documents will suffice as income proof:
- A bank statement with the bank logo and seal in the name of the Zerodha account holder for the last 6 months, with an average balance of more than ₹10,000.
- Latest salary slip with gross monthly income exceeding ₹15,000.
- Latest ITR acknowledgement with gross annual income exceeding ₹1,20,000.
- Latest Form 16 with gross annual income exceeding ₹1,20,000.
- Certificate of net worth more than ₹10,00,000.
- Latest statement of demat holdings with current holdings value exceeding ₹10,000. (Your holdings must not be pledged)
- Latest Fixed Deposit (FD) receipt with a deposit amount exceeding ₹1,00,000.
2 You need to select the classification based on the category you belong to:
- Farmers/FPOs: If you are a farmer, part of farmers' cooperatives, or belong to Farmers Producers Organisations (FPOs).
- Value chain participants (VCPs): If you are a processor, commercial user such as dal and flour miller, importer, exporter, physical market trader, stockist, Cash & Carry participant, producer, SME/MSME, or wholesaler, but not a farmer or FPO.
- Others: If you intend to trade on MCX and do not belong to the above classifications.