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How to open a commodity account?

Resident individual account holders can open a commodity account online if their mobile number is linked to their Aadhaar. If not, follow the offline process. HUF, partnership, corporate, LLP, society and trust account holders can only open a commodity account offline.

To open a commodity account, follow these steps:


  1. Log in to
  2. Click on Activate segment.
  3. Click on Commodity account.
  4. Click on Continue.
  5. Select the income range, trading experience and commodity trading classification¹.
  6. Click on Choose file and upload an income proof².
  7. Enter the password if the file is password protected and accept the terms and conditions.

  8. Accept the terms and conditions.
  9. Click on Continue.
  10. Click on Proceed to e-sign and then on Sign now.
  11. Accept the terms and conditions, enter the Aadhaar number and click on Send OTP.
  12. Enter the OTP and click on Verify OTP.


Courier the commodity application form (PDF), and self-attested income proof² to the following address:

153/154, 4th Cross, J.P Nagar 4th Phase,
Opp. Clarence Public School,
Bengaluru - 560078

Refer to the signature guidelines (PDF) to learn how to sign all the forms.

Did you know?


¹Clients are required to select the classification based on the category they come under:

  • Farmers/FPOs: If a client is a farmer, part of farmers’ cooperatives or belong to Farmers Producers Organisations (FPOs).
  • Value chain participants (VCPs): If a client is a processor, commercial user as dal and flour miller, importer, exporter, physical market trader, stockist, Cash & Carry participant, produces, SME/MSME & Wholesaler etc., but not a farmer or an FPO.
  • Others: If a client intends to trade on MCX and does not belong to any of the above classifications.

²Income proof can be any of the following:

  • Bank statement in the name of the Zerodha account holder with the bank logo and seal 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.
  • Form 16 with gross annual income exceeding ₹1,20,000.
  • Certificate of net worth more than ₹10,00,000.
  • Statement of demat holdings with current holdings value exceeding ₹10,000.