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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. Non-individual account holders (HUF, partnership, corporate, LLP, society, trust, etc.) and NRIs can only activate F&O offline.
  • Zerodha has made online and offline account opening free for resident Indian accounts from 29th June 2024.

To open a commodity account, follow these steps:

Online

  1. Log in to console.zerodha.com.
  2. Click on Account and then on Segments.
  3. Click on Commodity.
  4. Click on Continue.
  5. Choose to receive the OTP on email or SMS.
  6. Select the income range, trading experience and commodity trading classification¹.
  7. Click on Choose file and upload an income proof².
  8. Enter the password if the file is password protected and accept the terms and conditions.
  9. Accept the terms and conditions.
  10. Click on Continue.
  11. Enter the OTP and click on Verify OTP.

Offline

Courier the segment addition forms (PDF), and self-attested income proof² to the following address:

Zerodha Customer Support Centre,
680, Fortuna 1, 15th Cross Road,
8th Main Road, 2nd Phase, J. P. Nagar,
Bengaluru, Karnataka, 560078

Refer to the sample forms (PDF).

Did you know?

  • The commodity account will be opened within 72 working hours.
  • Clients with a registered address in the state of Sikkim must submit a domicile certificate to activate the MCX segments on their account.

Note

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:

  • 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.

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