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Does Zerodha require demat account?

Zerodha Account Opening

Invest with zero brokerage in Equity Delivery and Direct Mutual Funds. Pay a flat ₹20 per trade for Intraday and F&O. Open an instant account (FREE) with Zerodha and start trading today.

Yes, you need to open a demat account with Zerodha. It doesn't allow opening a trading account without opening a Demat account. You need to apply for a 2-in-1 account combining trading & demat account.

 

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