Zerodha KYC Form and Verification Process

Previously, we’ve covered a few topics regarding Zerodha, the No 1 discount broker in India. We have also discussed their account opening process. Today’s article covers another vital point which falls under the category of the Zerodha account opening process. Zerodha KYC Form and Verification Process is an important step.

What is KYC?

KYC is the abbreviation of Know Your Customer which is an important factor. Simply, it is the process of verifying the identity of the customer. In order to avoid illegal activities like money laundering, and corruption, brokers need this documentation. In Zerodha also, prior to account opening, a KYC form and verification process is mandatory.

Zerodha KYC Form and Verification Process

In the case of both online and offline account opening processes, we require to fill up a KYC form. Clients have to fill up the form before the final process of account opening.

Clients can fill out the Zerodha KYC form both online and offline. Here is the link to the offline KYC documents. But nowadays, Zerodha encourages only online account opening.

Apart from this, there is an IPV process.

IPV or In-Person-Verification

All the brokers require to carry out an IPV (in-person verification) process for all clients. As the name suggests it is a process where the broker verifies the client and his documents as per the person.

The IPV Process

It is mandatory for every client to go through the IPV before opening a Trading and a Demat Account in Zerodha. In the past, IPV was used to be done physically where an employee of the broker would visit and verify it. At present, Technology allows doing IPV online or through a webcam-IPV.

We can do IPV either physically or through a webcam process. If the webcam process is selected, an OTP will be generated and shown on the screen and sent to the registered mobile and email as per the account opening process. The user would be able to begin his/her webcam on a real-time basis and take a video of the OTP.

When doing a real-time IPV, they would require to show this OTP from the mobile or written on a piece of paper, so that it is visible on the webcam. The webcam would then take a series of photos from the video to capture the OTP as shown by the client correctly for their needs.

Conclusion

These are the verification process for the Demat a/c opening in Zerodha. If you can complete the process carefully, Zerodha will open your account really fast and you can start trading within 24 hours.