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What is the single ledger facility?

Previously, equity accounts were opened under Zerodha Broking Ltd., while commodity accounts were opened under Zerodha Commodities Ltd. This setup required clients to deposit funds into each account separately. Consequently, they couldn't use funds from their equity account to trade in commodities and vice versa.

With the introduction of a single ledger facility, clients can trade equities and commodities seamlessly using funds in the equity segment under Zerodha Broking Ltd. If a client hasn't opened a commodity account with Zerodha yet, they can activate the commodity segment, and a new commodity account will be opened under Zerodha Broking Ltd.

For clients who previously had a commodity account under Zerodha Commodities Ltd., activating the commodity segment from the Console will deactivate their existing account, and a new commodity account will be opened under Zerodha Broking Ltd. All the existing MCX positions must be closed before activating the commodity segment.

To activate the commodity segment, follow these steps:

Kite app

  1. Tap on User ID.
  2. Tap on Profile.
  3. Tap on Segments.
  4. Tap on Commodity and tap on Continue.
  5. Select Gross income, Trading experience and Commodity trade classification¹.
  6. Upload income proof² or select holdings statement as income proof.
  7. Tap on the undertaking and select mobile or email for OTP.
  8. Tap on Continue, enter the OTP and tap on Verify.

Upon verification, segment will be activated within 72 hours.

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:

  • 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.

Did you know? For clients who have enabled single ledger, the regular fund withdrawal requests are processed only at 8 AM, irrespective of the segments. However, Instant withdrawal requests can be submitted once per day between 9:00 AM and 4:00 PM on all days, including weekends.