Zerodha OVERVIEW

Zerodha Account Opening Charges

Zerodha charges Rs. 200 for online & Rs. 400 for offline account opening for Trading Account which is the one-time fee charged while initiating your account opening process. Rs. 300 are annual maintenance charges and would get deducted from your account even if you have not traded for a year by Zerodha to maintain your account.

1. 1. How to apply for an IPO under Shareholders Quota through the Zerodha Console?

   When the company decided to go public and issue IPO, they kept some quota for existing shareholders of the company. So, as an investor, you can apply for an IPO under Shareholders Quota through the Zerodha Console.

   1. Login on your Zerodha Console account https://console.zerodha.com 
   2. Enter your user id and password
   3. Enter your six-digit pin
   4. Click on Portfolio and choose IPOs
   5. Select the IPO from the Ongoing IPOs list 
   6. Once you decide which IPO you want to buy, select the Investor Type — Share Holding Category
   7. Enter your UPI ID (ensure your bank is on the list)
   8. Place your bid and quantity. In addition, you can enter the cut-off price if you wish 
   9. Check on the disclaimer box and click on submit
   10. Accept the mandate on your UPI app.

   Please note that one can trade on IPOs only from 10:00 AM to 04:30 PM while the market is open.

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2. 2. What Is NRML In Zerodha?

   NRML is an abbreviation of Normal Orders, and it is mainly used for trading overnight in currency and equity futures and options. When the trader chooses NRML options, the trade doesn’t get auto squared off by the end of the day, unlike the order placed on Intraday. The margin requirements in NRML order are as per the overnight margins.

    

   For instance, if a trader buys NIFTY futures and wishes to sell them after a few days, he can choose the NRML order option.

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3. 3. What Is NFO in Zerodha?

   NFO stands for New Fund Offer, refer to the new scheme offered by AMC (Asset Management Company) in the market to fund their capital. NFO works similarly to the IPO (Initial Public Fund), but the investor in NFO offers the public to invest at offer prices generally fixed at INR 10 and at a limited time only. As NFO is new funds scheme in the market, it cost cheaper and allows people to buy the shares before it gets listed on the stock exchange. With the fundraises through NFO, the company buys securities — bonds, equity shares, etc.

    

   Before investing in NFO shares, it is advisable that investors read about the company history of the last 5–10 years to ensure the investment of NFO will have a good performance in the future. It is critical to know the performance of the company during market fluctuation. 

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4. 4. What are STT Charges in Zerodha for Delivery Trade?

   STT stands for Securities Transaction Tax, and it is charged on the purchase and sale of the shares listed on the stock exchange. Zerodha charges 0.1% STT on the trade value of buying and selling of equity delivery trades. 

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5. 5. What is Disclosed Quantity Zerodha?

   In Zerodha, the Disclosed Quantity allows the trader to show some amount of shares he wishes to buy or sell. Once the order is transferred to the exchange, the system will display only the Disclosed Quantity on the market.

    

   However, there is a condition that the Disclosed Quantity should not be equal or greater or less than the order quantity. The Disclosed Quantity in Equity BSE/NSE and NSE (CDS) cannot be lower than 10% of the order. While in MCX, it cannot be lower than 25% of the order. However, in NSE/BSE (F&O), one can place as many orders as possible as there is no option of Disclosed Quantity.

    

   For instance, if the investor wishes to buy or sell 30,000 shares with 6000 Disclosed Quantity, then only 6000 shares will be visible in the market. After the trade, another 6000 shares will show until all the traded are fully executed.

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6. 6. What is MIS in Zerodha Kite?

   MIS stands for Margin Intraday Square Off, and it is used for commodity, F&O, and equity trading. At the time the trader did not square off the trading position within the given time, the order gets automatically squared off by the system at the end of the day, and Zerodha charges INR 50 per square off order additionally to the brokerage charges of 0.03% or INR 20 per executed order.

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7. 7. How is Zerodha Brokers, How safe they are?

   Zerodha is one of the most preferred discounted stock brokers in India and the first broker that offered the lowest flat brokerage rate in August 2010. Moreover, trading in the Zerodha platform is 100% safe as it is a member of MCX, NCDEX, NSE, and BSE and registered with SEBI. Zerodha is currently serving more than 20 lakhs customers.

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8. 8. What is the Point to Breakeven with Zerodha?

   Points to Breakeven or BEP refers to the intermediate price, which saves the trader from losing from the stocks he bought. In simple language, The price at which the trades are neither at net profit nor loss is called Breakeven Points in the stock market.

    

   For instance, if the trader bought 400 shares in INR 100 and sells them for INR 100.20, the breakeven points will be 0.11 after the deduction of brokerage, STT, exchange transaction charges, GST, SEBI Charges, and stamp duty. 

    

   For easy calculation, Zerodha has provided a brokerage calculator that mentioned Points to Breakeven — https://zerodha.com/brokerage-calculator/#tab-equities

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9. 9. What is Validity in Zerodha Kite?

   Validity in Zerodha Kite refers to the period till the order is valid once the trader has placed the order. In addition, Zerodha has options of Day Orders — the order will be valid until the need of the trading time, and GTT (Good Till Triggered) — the order will be automatically placed executed when it meets the limit price set by the trader.

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10. 10. What is IOC in Zerodha Kite?

    IOC stands for Immediate or Cancelled, and it is used for the order that needs to be executed immediately or stands canceled. IOC is generally used to buy large volumes of stocks.

     

    IOC allows the trader to buy the stocks as soon as it displayed in the market; if the trader fails to buy, the system will remove the order. In case if there is a partial match of the IOC executed orders, the remaining unmatched order will be auto-canceled. Zerodha displays error 16388 in case of the order doesn’t match. 

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11. 11. What is Zerodha 4 Digit Telephone Code Z Pin?

    Zerodha’s Z Pin refers to the four-digit pin provided by the Zerodha to their clients at the time of account opening. It acts as a personal identification code for placing an order over the phone or to raise a query. The code is attached with the client’s Zerodha account, and only after the code verification, the customer service will be able to provide support.

     

    If the user forgot the Z Pin or wanted to reset the code, it can be easily done by visiting Zerodha Console — https://console.zerodha.com/, clicking on account, and under the support, code tab clicks on view. Unfortunately, the code is auto-generated, and one cannot choose the code of their choice. 

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12. 12. Which is better Groww vs Zerodha?

    Zerodha & Groww both are discount broking firms providing flat fees brokerage and do not provide trading tips & stock recommendations. The answer to this question lies in seeing the comparative analysis of their offerings and Charges.

    1. Experience: Nithin Kamath, founder, and CEO of Zerodha established the company in the year 2010, Zerodha headquarter is situated in Bengaluru, Karnataka. Groww founded in 2016 and had initially started as a direct mutual fund investment platform for users. By the time they have created immense popularity among users in the mid-2020s, Groww expanded its product offering to include Equity trading. Harsh Jain is the Co-Founder & COO of Groww and is also based in Bangalore, Karnataka.

       If we analyze Zerodha has >10 years of experience in the stockbroking field whereas Groww is quite new and has started equity broking services in the mid-2020s only.

    2. Active Client Base: Zerodha is currently number 1 in terms of Active Clients base in India and has more than 36,14,054 active clients as of April 2021 whereas Groww has about 7,54,919 active client list but it is worthwhile to note that Groww reached such number in less than a years time which shows its growing popularity.
    3. Account Opening & Charges: Zerodha & Groww both provide online, paperless account opening within minutes. There are no Account opening charges as well as AMC charges for Groww means it provides completely free account opening, whereas Zerodha does charge a one-time fee of Rs.200 for equity and Rs.300 for (Equity, FNO, Currency, commodity) and Rs.300 AMC.
    4. Brokerage: Zerodha brokerages are lower than Groww, Zerodha offers free equity delivery trades, whereas Groww charges Rs.20 or 0.05%.Zerodha is charging a little lower as they charging Rs.20 or 0.03% whereas Groww is charging Rs.20 or 0.05% for Intraday & F&O Trades.
    5. Call & Trade Facility & Charges: Call and trade charges are Rs.50 for Zerodha, whereas no call and trade facility provided by Groww as of now.
    6. Trading Services: As of now you can only trade and invest in stocks (equity delivery) & Equity FNO segments at Groww, Commodity, Currency segments are yet to be launched, whereas with Zerodha you can trade and invest in all segments.
    7. Investment Services: With Groww you can make investments in Gold, Fixed deposits, US stocks such as Apple, Amazon, Google, etc. online using the Groww platform whereas no such facility with Zerodha as of now.
    8. Trading Platforms: Zerodha has an extremely good trading platform for desktop/web/mobile app, you can do fundamental as well as technical analysis quite easily, and is much better than Groww platforms. It is also worthwhile to note that Groww does not provide a desktop trading platform. Overall Zerodha in comparison to Groww trading platform offers a much better user interface as well as they have many other services integrated within the platform such as Sensibull, small case, tickertape, streak, etc. Get the offer

    If you ask My opinion Groww vs Zerodha who is better?

    I would Say as of Now Zerodha as it offers all required services in one place offer better trading experience with technologically advanced trading platforms & tools and at comparatively lower brokerage and have the trust of more than 3.6m active clients.

    In my opinion, Groww still needs to do a lot to fulfill the stockbroking requirements such as allowing currency and commodity trading. Moreover, from a trading perspective, they need to come up with a dedicated desktop platform for their users.

    Having said that, I like their key USP of allowing clients to invest in US stocks, their strength in financial data for fundamental analysis, Free mutual funds investments.

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13. 13. Is Zerodha safe for long-term investment?

    Zerodha is one of the trusted discounted stockbrokers in India established in 2010 and one of the stockbrokers that introduced discounted services in the Indian stock market. Currently, Zerodha is the number One broker in India and enjoys the trust of more than 48 Lacs active customers. Zerodha is a listed stockbroker in SEBI and various other regulatory bodies, including CDSL. Therefore, We can safely assume that  Zerodha is 100% safe to put investment for long-term.

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14. 14. How to place a buy order in Zerodha Kite for Delivery or Intraday Trades?

    Zerodha Kite has two trading terminals — Mobile App and a Website. A trader can use both for trading stocks.

    1. Login to Zerodha Kite Mobile Trading app or Zerodha Kite Trading Website
    2. Enter your credentials followed by a six-digit PIN of 2-factor-authentication.
    3. Browse the marketplace and read about the stocks.
    4. Add the stocks you are interested in on Market Watch.
    5. Once you decide which stocks you wish to buy, click on ‘Buy’ and follow the steps for trade intraday.
       • Select CNC (Cash and Carry) for delivery trades or MIS (Margin Intraday Square)
       • Choose your order type: Limit, Market, SL, SL-M (market)
    6. Place the order.
    7. Watch the market and keep a check on the order execution.
    8. If you have put the limit on your stocks, the order execution will be done automatically.

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15. 15. How can I refer a friend to Zerodha?

    Zerodha offers impressive rewards to its users on referrals programs. The users need to enter the name, number, and email id of the people they want to refer to on https://console.zerodha.com/refer or copy the mentioned affiliate link of your page on social media, allowing your followers to click on it and open an account with Zerodha. Then, the Zerodha sales team will give them a call and help them with the Demat account opening on Zerodha.

     

    When your referral friend opens an account with Zerodha, your referral and you will get 300 points as a reward, and it can be utilized in subscription of Zerodha’s paid products — Streak, LearnApp, and Sensibull). In addition to this, you will earn 10% of the brokerage as well. However, the minimum brokerage payout has to be INR 1000, and a minimum of 5 referrals are needed to be able for you to withdraw the earnings you get from the referral.

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16. 16. How much leverage does Zerodha provide for Intraday Equity Trading?

    The Intraday Equity Trading leverage has been reduced starting from Sep 1st, 2021, as per SEBI regulations to curb peak margins rate. As a result, the intraday equity trading minimum margin is 20 % of the trade value — 5X leverage and 100% for F&O (1X leverage) — NRML margin. However, for other intraday products — MIS, CO, BO trades, the leverage remains unchanged and calculated as VAR + ELM margin.

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17. 17. What are the Square-Off timings for each segment?

    • Equity (intraday trading)— 03:20 PM
    • F&O — 03:25 PM
    • Currency — 04:45 PM
    • Commodities — 25 minutes before trading market close (typically 03:05 PM)

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18. 18. Is Zerodha good for beginners?

    Zerodha is India’s top preferred online discount stock broker allowing users to trade themselves. However, as Zerodha is a discounted broker, offering the lowest brokerage and fees, it doesn’t provide any dedicated relationship manager to the investors. 

    Zerodha Console and Zerodha Kite Mobile Trading app are user-friendly; with daily practice and learning about market investment; thus is safe for beginners to use the Zerodha app. Zerodha offers INR 20 flat brokerage per executed order which is a good deal for beginners.

     

    Trading and investing in the market involves risk; thus, one should consult a financial expert before trading. However, Zerodha offers an online teaching portal, discussion portal, and regular follow-up calls from customer service to help beginners learn the stock market from basics. 

     

     

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19. 19. Can the Zerodha account be opened online?

    Opening an account on Zerodha takes 10–15 mins, and one can easily open the account with a tap of the finger.

    1. Click on open your account online
    2. Enter your mobile number.
    3. Key in the six-digit OTP you received on your mobile
    4. Enter your email id.
    5. Key in six-digit OTP sent to your email id.
    6. Enter your PAN card number followed by your Date of Birth.
    7. Zerodha has a minimal account fee opening of INR 300, allowing them to trade in Equity, F&O, Currency, and Commodity. However, feel free to select your preferred trading method:
       • Equity — INR 200
       • Commodity — INR 100
    8. You can pay the fees via UPI or Net Banking. Complete the payment process.
    9. Once you complete the fees payment process, you need to link your Aadhar Card number. Zerodha connects with DigiLocker to make the Aadhar Card linking safer. First, you need to fill in your mobile number and sign in with OTP.
    10. Allows Zerodha to access your DigiLocker and share Aadhar Card copy.
    11. Once your Aadhar Card details are linked, you need to fill up your personal information and the bank account details you wish to connect with Zerodha.
    12. Check all the boxes to authorize Zerodha to charge the security fees directly from the account.
    13. The next step will be — Webcam IPV (in-person verification), where you need to write the code on the white paper and hold it in front of your webcam, ensuring your face is visible on camera.
    14. Once you finish with Webcam IPV, you need to eSign with your Aadhar Card.
    15. Upload the relevant documents — PAN card, Aadhar Card, Cancelled Cheque or Bank Statement to link your account, a scanned copy of your signature, and income proof documentations (anyone from below details)
        • Last six months bank statement with the average monthly balance not lesser than INR 10,000
        • Form 16 with an annual income of more than INR 120,000
        • Salary slip from your company with monthly payment more than INR 15,000
        • Share certificates with a net worth exceeding INR 10,00,000
        • ITR copy with an annual income of more than INR 120,000
        • A Demat account statement shows more than INR 10,000 balance.
    16. Once you upload all the documentation soft copy, you need to proceed for eSignature on NSDL powered by Digio software by key-in your OTP sent on your email id.
    17. Your form will be automatically uploaded on the NSDL. Check your form and click on Sign Now.
    18. Click on Request OTP, enter your Aadhar Number and key in OTP you received on your mobile. Click on submit, and it's done.

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20. 20. Can the Zerodha account be opened on Sunday?

    Zerodha is one of the most notable discounted stock brokers in India. Any individual can open an instant Demat and trading account with Zerodha — Open Zerodha account online, and it takes 24–48 hours for the team to set up the account and deliver the kit over email. 

     

    However, the customer care support team is open till 02:00 PM on Saturdays and doesn’t work on stock market holidays (same as public holidays) and Sundays. But, one can register via mobile number and fill up the forms online; the customer care team will get back on Monday. 

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21. 21. What is Zerodha TPIN?

    Zerodha TPIN is a six-digit code; an authentication sent to the trader register mobile number and email address to allow Zerodha brokers to withdraw trader's stocks and securities from their Demat account. Instead of Zerodha Kite Pin, now, it is mandatory to use CDSL TPIN to authorize Zerodha for stock debit from the Demat account before placing an order — delivery or CNC, or GTT on Zerodha Kite platform. 

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22. 22. Why Zerodha is Best?

    Zerodha is India's number 1 brokerage firm with >15Lacs active client base. They reached to this positions as :

    • Zerodha offers Best trading Platforms in Industry
    • Zerodha Offers Brokerage free Delivery Trade
    • Zerodha offers Brokerage free Mutual Fund Investment
    • Zerodha Offers Low Brokerage of 0.03% or Rs. 20 per executed order, whichever is lower for all other segemnt Like , Intraday , F&O , Currency & Commodity trade
    • Zerodha offers NRI Trade at very competitive brokerage of 0.1% OR Rs. 200 per executed order for equity (whichever is lower) and for Rs. 100 per order for F&O trade.
    • Zerodha started offering 3in1 account facility just like ICICI Direct, HDFC Securities without any additional charges in collaboration with the help of IDFC First bank.
    • Zerodha also offers Investor education & learning platform called Zerodha Varasity completely open and FREE to access for his customers

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23. 23. Is Zerodha offers IPOs?

    Yes, Since Aug 2019 , Zerodha started offering the IPO Services using UPI as a payment method.

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24. 24. How to Check IPO Status through Zerodha?

    Zerodha does not provide the details of IPO Allotment on its website. You need to visit the website of the registrar of the IPO (Karvy, Link Intime) to check the allotment status. You have to enter your PAN number to check the status. You can follow the below link to check your IPO Status at Link Intime

    IPO Allotment Status Check

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25. 25. What Zerodha charges for IPO applications?

    There are no Charges to apply for IPO through Zerodha. As Zerodha does not charge any brokerage on equity delivery trade, they don't charge any brokerage when you sell allocated IPO shares through Zerodha.

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26. 26. How to apply Zerodha IPO with UPI?

    • First step is Download the BHIM UPI app or BHIM UPI 2.0 enabled App from Google Play Store and register your UPI ID.
    • Login to Zerodha Console (Zerodha Back-office) and go to "Portfolio" menu and select "IPO" option.
    • Select the IPO which you want to apply from the list of open issues and Click Apply.
    • Once you select an IPO to apply for, you'll see all the details of the offer, like open date, close date, issue size, lot size, etc.
    • Enter your UPI ID and click on "verify".
    • Place your bid(s):Select the investor type for your application. Place the bids in the multiple of the lot size. If you wish to apply at the cut-off price, simply click on the checkbox next to 'Cutoff-price'. If you want to place a bid at a different price, you can do so by entering a price in the 'Price' field.
    • Once you've completed all these steps, click on the checkbox to confirm that you have read the issue size, lot size, and DRHP and click on submit.
    • Once you click on submit, you'll receive a Block mandate request on your UPI app.
    • You need to enter your UPI pin and your amount would get blocked.
    • In the case of Full Allotment-Funds will get debited.
    • In case of Partial Allotment-Some Shares will be allocated and partial funds will be unblocked.
    • In case of No Allotment-Blocked funds will be unblocked after end date or expiry date.

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27. 27. How to buy IPO via Zerodha?

    Till sometime back Zerodha was not offering the facility of IPO application, As a customer of Zerodha, you supposed to apply for IPOs using the ASBA (Application Supported by Blocked Amount) from your respective bank's net banking portal or by visiting a bank and submitting a physical application with your Zerodha demat account number. SEBI has now made it mandatory for all IPOs to be supported by UPI 2.0. This means that Zerodha can now support IPO applications on our own via Zerodha Console.Now you can use your UPI ID as a payment option while subscribing for IPO on National Stock Exchange(NSE) & Bombay Stock Exchange(BSE).You need to enter the bid price, quantity, and your UPI ID and ask Zerodha to use UPI ID as the payment option while filling the IPO application at Zerodha Console.

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28. 28. What is Zerodha Brokerage Charges?

    For all Indian resident Zerodha charges a brokerage of 0.03% or Rs. 20 per executed order, whichever is lower, irrespective of the number of shares or their value (other than equity delivery trade which is free).Zerodha doesn't have minimum brokerage and maximum brokerage you pay for any transaction is Rs.20 for an order (of any size and in any segment).

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29. 29. What is the Brokerage for Intraday in Zerodha?

    Brokerage charges for Intraday in Zerodha is 0.03% or Rs. 20 per executed order, whichever is lower, irrespective of the number of shares or their value.

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30. 30. Is Zerodha brokerage Free?

    Zerodha offers absolutely brokerage free Equity Delivery Trade and Direct Mutual Fund investement. for all other segemnt Like , Intraday , F&O , Currency & Commodity trade it charges 0.03% or Rs. 20 per executed order, whichever is lower.

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31. 31. Why Zerodha brokerage is less?

    Zerodha is an online Share broker who is offering most of its services online by using the latest web & mobile Platforms without any human interventions.This makes its service extremely cost-effective and enables Zerodha to offer trading at an ultra-low-cost.

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32. 32. How to Open Account with Zerodha?

    To open an account online, you can sign up using your mobile number on our Zerodha's website. You will receive an OTP to your number and you can get started with the process of opening an account. You will be required to enter your PAN, bank account details and personal details to continue with the sign-up. If you face any difficulties while opening an account online, you could contact their Sales executives alternatively call them on - 080 47192020 / 080 71175337.

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33. 33. Can I use zerodha for IPO?

    Yes, you can now apply for IPO using UPI 2.0 as a payment method via Zerodha Console. You can use your UPI ID as a payment option while subscribing for IPO on the National Stock Exchange(NSE) & Bombay Stock Exchange(BSE). You need to enter the bid price, quantity, and UPI ID and ask Zerodha to use UPI ID as the payment option while filling the IPO application.

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34. 34. Can I use Zerodha from US?

    If you're moving to the US for a short-term period (6 months), The resident status doesn't change to NRI. Anything over a period of 6 months, you become an NRI and should change the account. You can either convert your existing Trading & DEMAT account to an NRO trading & DEMAT account or close your resident account and open a new NRI account. Zerodha would help you to do that

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35. 35. Could NRI open the Zerodha account?

    A Non-Resident Indian (NRI) can open a Demat & Trading account with Zerodha by linking his/her Non-Resident Ordinary (NRO) or Non-Resident External (NRE) savings bank account. NRIs aren't allowed to trade the currency or commodity markets in India.

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36. 36. Can we trust zerodha?

    Yes, Zerodha is as trustworthy as other stock brokers in India. Zerodha is the largest Stockbroker in India in terms of no active clients which proves how many people trust Zerodha and its services. Zerodha is considered safe because it is regulated by India's top-rated regulator, the Securities and Exchange Board of India (SEBI), and your shareholding remains within your Demat account in electronic form with CDSL & NSDL which are independent to stockbrokers.

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37. 37. Can zerodha be used for mutual funds?

    Yes, You can Invest mutual funds directly using Zerodha Trading & Demat account.Zerodha provides direct mutual fund investments at absolutely free - Rs. 0 commissions & DP charges.Zerodha Coin is a direct mutual fund platform that lets you buy direct mutual funds online with Zero brokerage/commission, directly from asset management companies.

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38. 38. Which is best zerodha vs upstox?

    • If we go by the number of active clients then Zerodha is better than Upstox. Zerodha has 47.5 Lacs clients whereas Upstox has 35.9 Lacs active clients.
    • In terms of brokerage, Zerodha provides Free delivery trade to its all customer, whereas Upstox Charges 2.5% or up to Rs 20 per order (only apply to customers onboarded on or after 21st September 2021) on delivery trade.
    • As far as other segments are concerned Zerodha for every executed order charges 0.03% or Rs.20/Trade whichever is lower whereas Upstox charges 0.05% or Rs.20/Trade whichever is lower.
    • The major difference is with call & trade charges, Zerodha charges Rs.50 per executed order, and Upstox charges Rs. 20 only.

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39. 39. Which is better zerodha or 5 paisa?

    • If we go by the number of active clients then Zerodha is better than 5Paisa. Zerodha has 14.14 Lacs active clients whereas 5Paisa has 4.34 Lacs.
    • In terms of brokerage, Zerodha provides free delivery trade, whereas 5Paisa charges at Rs 20 per executed order.
    • For all other segments Zerodha charges 0.03% or Rs.20/Trade whichever is lower whereas 5Paisa charges Flat Rs.20/Trade whichever is lower.
    • 5paisa provides multiple brokerage plans which help you to reduce your brokerage charges by paying monthly upfront fees.
    • The major difference is with call & trade charges, Zerodha charges Rs.50 per executed order and 5paisa charges Rs. 100 for the same.

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40. 40. How can I use Zerodha reward points?

    Zerodha offers very attractive referral program for their clients where they would be getting a 10% brokerage share and 300 reward points for every referral that opens an account. You can use the reward points in 3 ways as mentioned below:

    1. You can use them for paying  your demat account AMC
    2. Use them to buy subscriptions to Zerodha platforms and apps
    3. Donate to an NGO

    The minimum payout under the brokerage sharing program has to be Rs.1000, and you should have at least 5 referrals, for you to be able to withdraw your referral earnings.

    To redeem your referral earning, you need to follow the below steps

    1. Log in to Zerodha Console.
    2. Click on your Zerodha Client ID in the top right.
    3. Click on 'Rewards and referrals'
    4. Near 'Your Points' in the top left, click link 'View statement'
    5. Choose the service and click the redeem button.

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41. 41. How many days will it take to pull back money from Zerodha Kite?

    The funds would get credited within 24 hours incase a withdrawal request was raised on weekdays. 

    Withdrawal requests placed on Sunday (or public holidays) take longer than 24 hours to be processed.

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42. 42. What is the CMR copy in Zerodha?

    Client Master Report (CMR) provides you the details of your DEMAT account along with information such as name, address, DOB, bank account, nominations etc. This certificate is useful in mapping the DEMAT accounts with trading accounts & also for off-market transfer of shares.

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