Why does Zerodha need my signature?

It is a mandatory requirement from SEBI for trading members to give a choice to investors on the above declarations. As Zerodha does not provide any offline broking services and provides services completely online, we require such declarations from each client to provide our services.

What is signature confirmation letter in Zerodha?

The letter must have the bankers seal & signature along with your new signature. The banker letter format has been shown here . 4. Send the above documents to the following address, along with a photocopy of your PAN Card and an address proof, both of these have to be self-attested with your new signature.

Can we trade in Zerodha without income proof?

It’s mandatory only if you wish to trade in Futures and options – Equity, Commodity, and Currency. Bank statement for the last 6 months with an average balance of more than ₹10,000. The latest salary slip with gross monthly income exceeding ₹15,000. ITR acknowledgement with gross annual income exceeding ₹1,20,000.

What happens if Zerodha application is rejected?

Your account opening application can be rejected due to ‘name mismatch’ in the following scenarios: 1. On the extent of the mismatch between your PAN and address proof, you will have to submit a self-declaration letter or submit an alternative address proof as per your name on the PAN card.

Is it safe to give signature to Zerodha?

It is perfectly okay to send the signed POA to Zerodha since it is a SEBI registered stock broker.

Is it safe to upload signature?

Yes, electronic signatures are safe, and in this post, we’ll cover why an e-signature is more secure than a wet signature, how e-signatures work and the features that help keep them safe.

Is it safe to upload signature in Zerodha?

What is a signed copy of PAN card?

e-PAN is a digitally signed PAN card issued in electronic format by the I-T department. The applicant needs to have a valid Aadhaar number or digital signature to get an ePAN.

Can unemployed person open Zerodha account?

Can I open a Zerodha account, and how can I open one if I am not earning now? – Quora. Yes you can open and save 100 ₹ as well. I have helped housewives, unemployed, Students, and even people below 18 years.

How can I send documents to Zerodha?

All forms have to be sent to the Zerodha Head office. The forms can be sent via post, registered post, speed post or courier. Note: Temporarily, all the other branch offices are closed due to COVID so you need to send the forms directly to the Head office.

Why is income proof required for Zerodha?

What do I do? As per the guidelines issued by SEBI viz this SEBI Circular , stockbrokers are required to ensure that your latest income details are updated in the system. Hence, we periodically request you to provide the relevant proofs to support your trading activity.

Is DigiLocker compulsory for Zerodha?

Overall, if you don’t have a DigiLocker account yet, I’ll highly recommend you to open one and download the app on your phone. It will help you to keep all your docs secured. Moreover, this account is required while performing Aadhar verification during your Zerodha Account opening.

What are the documents required to open a Zerodha account?

There are certain mandatory documents required while opening either Trading, Demat or Commodity account. 1.PAN Card (Permanent Account Number): You are required to provide a self attested photocopy of your PAN card. 2.Address Proof: Everything at Zerodha is online and all the information from us will be sent to you on your email.

How do I open a Zerodha Demat account online?

You need the following documents to open a Zerodha Demat account online: 1. Photocopy of PAN card, which can be uploaded on our portal. 2. Aadhaar (you can open your account via the offline route if you don’t want to use your Aadhaar details) 3. The mobile number linked to your Aadhaar (Mandatory for Online as you’ll receive the OTP)

Can I upload soft copy of income proofs in Zerodha?

You can upload a soft copy of any one of the above-mentioned income proofs in PDF, JPG, JPEG & PNG formats only. As brokers, Zerodha is required to collect financial proof from all clients intending to trade in the derivatives segment (including Commodity derivatives).

Does Zerodha require financial proof for commodity derivatives?

As brokers, Zerodha is required to collect financial proof from all clients intending to trade in the derivatives segment (including Commodity derivatives). You can refer to this annexure from SEBI.