Hi Zerodha: I have a few questions:
1. What does Zerodha mean?
2. I have an integrated 3 in 1 account with Kotak where I can move money into my trading account from my bank or trading to bank instantly. ow does this compare with Zerodha?
3. They give me a margin to trade based on shares help in my DP account. Does Zerodha give any such margin?
4. What are the Demat charges for selling? Kotak currently charges me Rs. 25 per sell transaction
5. Am I able to view my demat account online with Zerodha?
1. Our name is created by the fusion of the English word Zero and the Sanskrit word Rodha meaning barrier. When they come together the word Zerodha is formed, hinting furiously at our game changing proposition of removing barriers to trade, through the elimination of brokerage.
2. The facility for instant transfers is an advantage with banks who are also brokers.. With us, if you have HDFC, AXIS and SBI accounts, fund transfer into trading account happens instantly... Other online bank accounts, if you use NEFT 3 to 5 hours and RTGS around 1hr for the funds to show up in your trading account.
Withdrawals, any request put before 6.30pm is processed same day and funds come to your bank account by same night or latest by next day afternoon.
3. Yes we can give you that margin, but presently we are giving this only for intraday positions..
4. DP charge is Rs 15 per sell transaction
5. Yes you can view everything online... we are a pure online broker....
Cheers...