As per the RBI circular (PDF), traders are mandated to have an underlying contracted exposure to foreign currency if they want to trade in the currency derivatives segment.
Zerodha will collect the RBI declaration when the currency segment is activated. The mobile number must be linked with Aadhaar to activate the segment online. To activate the segment, follow these steps:
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Visit account.zerodha.com/account.
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Click on
Login
and log in with Kite credentials.
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Click on
Activate Segments.
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Click on the
toggle switch
to select the currency segment.
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Click on
Apply changes.
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Select the income range.
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Select
Submit bank statement via OTP,
then click on
Get OTP.
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Select the bank and click on
Proceed.
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Enter the
OTP
and click on
Verify code.
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Click on
Link account.
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Enter the OTP and Click on
Verify OTP.
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Click on
Accept.
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Click on
Continue.
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Click on
Sign Now.
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Enter your Aadhaar number and click on
Accept and Continue.
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Enter the OTP and click on
Verify OTP.
If the mobile number is not linked to Aadhaar or if you have a joint demat account, you can follow these steps:
- Print and sign the RBI declaration form (PDF).
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Courier it to:
Zerodha Customer Support Centre
192A 4th Floor,
Kalyani Vista, 3rd Main Road,
JP Nagar 4th Phase,
Bengaluru, 560076
Did you know?
- For non-individual accounts, the eSign can be completed by an authorised signatory using their individual Aadhaar number.
- Clients must enable the segment on Console by 8 P.M to trade in currencies the next trading day. If the declaration is being couriered, it can take up to 48 working hours for the segment to be enabled.
- The equity segment must be active to enable the currency segment.
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Clients cannot enable currency and commodity segments at the same time. Separate requests must be placed. To learn how to activate commodity, see
How to open a commodity account?