How to open a commodity account?

To open a commodity account, follow these steps:

Online

1. Log in to console.zerodha.com.
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.
    

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.
• The name on the Aadhaar must match the name in the digital signature (e-sign). If they differ, the e-signed forms will be rejected. To update the name, see How to update the name while e-signing through Digio?
  
• Nominee(s) can only be added to the demat account. If a nominee was not added while opening the equity account, it can be added online. To learn how, see How to add a nominee to the Zerodha account online? If a nominee was added and changes are to be made, see How to update or modify the nominee details in Zerodha?

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.