Account opening charges

[vaibhav_barange]

@nithin why do zerodha still charges 200 rs to open a Zerodha demat account? Do you think this makes new people hesitant to open account when comparing different brokers for starters?

[Prayag]

@vaibhav_barange

why do zerodha still charges 200 rs to open a Zerodha demat account?

Nithin explained the reasoning behind it in an another thread -

@nithin

There is a cost of onboarding a customer, we charge an account opening fees to recover it. Also by having an account opening fees, we ensure there is an intent from the customer to do something with a trading/demat account. Just opening an account doesn’t help the business.