re-Opening Zerodha Accounts

Zerodha
1

I’ve decided to return back to Zerodha for swing trading/investing. I want to start a fresh. I will do only equity delivery based (CNC) trades; if my price target met I may exit on the same day, else at a later date. I will not do any FNO or leveraged trades.

In the account re-opening application process, I don’t wish to submit the POA right now. Instead, I wish to place my delivery (CNC) sell instructions by using the CDSL TPIN authentication, to guard against unusual circumstances.

But there is a problem. Weblink https://edis.cdslindia.com/home/generatepin & https://edis.cdslindia.com/home/changepin not opening from my computer, saying “Server Not Found”. Seems https://www.cdslindia.com/ website is down from yesterday night.

Friends, please check & let us know those links are opening from your devices or not. If CDSL goes down often (see this Bulletin), then how CDSL TPIN authentication will work reliably?

I think NSDL is better & much secured. I never faced any problem with NSDL. Can I open a Zerodha DEMAT account with NSDL?

Can I link my ICICI Direct/Bank DEMAT (NSDL) account with Zerodha? If yes, what are the respective charges?

Someone from Zerodha, please guide me in re-opening my accounts (Equity Trading + DEMAT).

3

@lindo Can you.

4

Looks like your account has become dormant since you have not transacted for over a year. You will have to do a reKYC on your account to resume operations on the same. This is an online process and is explained in the support article here.

There was a POA that you have submitted with us during the account opening and hence there is no need for you to set up the CDSL TPIN.

1 Like
5

Actually, I’ve closed my accounts before COVID-19 lockdown starts. My last transaction was on 2020-02-20 to exit my Zerodha demat (CDSL) holding positions.

As per customer care help docs, as I’ve closed my accounts, so I need to open my accounts afresh. Correct me if I’ve misunderstood something.

I want to revoke that POA (if not already revoked automatically in the accounts closing process). Instead, I want to use CDSL TPIN. More clearly, I don’t want to keep my shares in the broker’s pool account for a very long time. I will follow depository settlement cycles (T, T+1, T+2 etc) manually, to give delivery of stocks. For my plan to work correctly, CDSL must not go down often.
CDSL website is still down. Can you offer me NSDL demat account?

6

Planning to quit trading through Zerodha. Bad experience faced again & again. Their illogical explanations didn’t satisfy me. So, I’m going to close my Zerodha accounts.

7

Hi @RajibLDr , we’re sorry to hear this. Could you please send me your ID and let us know what went wrong?

9

Thanks for your concern, dear.
I’ve closed my Zerodha accounts.
Reason for closure: Consolidation of my multiple accounts spread across different brokers.

Exploring very interesting, very flexible, always on & never closing 24 x 7 x 365, Crypto Blockchain technology’s INR based (i.e. INR settled; INR in & INR out only) Perpetual Futures Contracts trading, as per normal govt (worldwide) regulations.