How to update the income details for the Zerodha account? (2024)

FAQs

How to update the income details for the Zerodha account? ›

Anyone of the below documents will suffice as income proof: Bank statement for the last 6 months with an average balance of more than ₹10,000. (Statement must be in the name of the Zerodha account holder.) The latest salary slip with gross monthly income exceeding ₹15,000.

Anyone of the below documents will suffice as income proof: Bank statement for the last 6 months with an average balance of more than ₹10,000. (Statement must be in the name of the Zerodha account holder.) The latest salary slip with gross monthly income exceeding ₹15,000.

Its operating revenue grew 37% to INR 6,832.8 Cr in FY23 from INR 4,977.3 Cr in the previous year. Of this, fees and commission charges accounted for 84% at INR 5,727.2 Cr. In FY22, Zerodha earned INR 4,128.9 Cr from fees and commission charges.

While evidence of income is considered as part of the documents required for Demat account registration, you can open a demat account with your PAN card, bank proof, and Aadhar card. However, you should be at least 18 years of age. To trade or invest in equity, income proof is not required to open a Demat account.

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. Even then, it is compulsory for you to provide us with an address proof.

The online stockbroker held a market share of 19.6 per cent at the end of FY23 and its daily average turnover, according to the National Stock Exchange (NSE), was Rs 2,000 crore.

As per the regulations, new accounts cannot be opened if the PAN is not linked with Aadhar. Even if Aadhar is successfully linked with PAN, it must still be updated in the IT records, which can take up to 30 working days. To learn more, see How to link PAN with Aadhaar?

Yes . You can keep your unused money to zerodha trading fund. But if you do not use your fund for a period of 3 months then on quarterly settlement zerodha will revert back your fund to your bank account.

Clients can call 080 4718 1888 or 080 4718 1999 Monday to Friday from 8:30 AM - 5:00 PM for assistance on-call or visit support.zerodha.com to learn FAQs and create a ticket for further assistance. To learn how to create a ticket, see How to create a ticket or raise a complaint at Zerodha?

The two brothers who created the stockbroking platform, Nithin and Nikhil Kamath, took a total of Rs195. 4 crore in salary in the fiscal year 2022–2023 (FY23). The full-time directors and co-founders of Zerodha received Rs 72 crore per year each, according to a study issued by Entracker.com, as reported by Mint.

Is Nithin Kamath a billionaire? ›

Nithin Kamath, the 44-year-old founder and CEO of Zerodha, is this fourth-youngest Indian billionaire in this year's Forbes list. His wealth has been pegged at $4.8 billion. His brother Nikhil Kamath, 37, is the youngest Indian billionaire and his wealth has been pegged at $3.1 billion by Forbes.

What is the highest salary in Zerodha? The highest-paying job at Zerodha is a Senior Software Engineer with a salary of ₹24.1 Lakhs per year. The top 10% of employees earn more than ₹16.04 lakhs per year. The top 1% earn more than a whopping ₹100 lakhs per year.

Before understanding the trading charges, you need to know that there is no minimum amount or balance requirement for a Demat account. You can keep your demat account empty or store all financial assets.

There is no limit to the value of investments held in the demat account. You can hold any value of securities in the demat account. However, with Basic Service Demat Account (BSDA), there is an upper limit of ₹2 lakh. But, the retail investors do not have to worry about limits.

Yes, salary accounts can be used in demat accounts. Most demat accounts allow customers to link their salary account to their demat account for easy transfer of funds. It is important to note that customers should check with the demat account provider before linking the two accounts.