F&O Trading account

General
1

My Friend wants to open zerodha trading account in his wife’s name(already having trading account with other broker) to do F&O Transactions…but the problem is she is house wife and does not have any income proof like IT return…what are the documents needed for income proof…

2

Income proof is not required to open a FnO A/c with Zerodha.

Below are the list of documents required to open an A/c:

  1. ID Proof

  2. Address Proof

  3. PAN Card Copy

  4. Bank Statement of recent 6 months

  5. 2 Photographs

  6. Cancelled Cheque

  7. A/c opening charges cheque of Rs. 400/- (This can even be transferred/deducted later on from your trading a/c)

That’s it.

3

isnt income proof required for derivatives trading ??

4

The 6 months bank statement can act as an income proof. Income proof is mandatory for F&O

5

@Nithin Thanks for correcting me, I never knew Bank Statement acts as an Income Proof.

6

What should be done so that i can enable f&o trading. Can i submit online 6mnths bank account statement to enable it and how long it would take pls tell dear friends.

7

Yes, 6 months bank statement is all needed to activate FNO as per the replies above.

8

Does it matter if there is less transaction on 6 months bank statement

9

Not at all.
All you need is Active account with some funds in your Bank account.