How to open a Zerodha partnership or LLP account

From WebNotes, a public knowledge base. Last updated 12 May 2026. Reading time ~9 min. Level: Intermediate.

Key facts

Time required	7-15 business days after document submission
Documents needed	Entity PAN, partnership deed or LLP agreement, authorised partner KYC, current account details
Cost	Rs 500 account opening fee

This guide covers opening a demat and trading account with Zerodha for a registered partnership firm or Limited Liability Partnership (LLP), including the documentation required for both entity types and the authorisation steps that precede account activation.

Step-by-step procedure

Step 1: Confirm the deed or agreement permits securities trading

Partnership deeds and LLP agreements define the scope of business activities the firm may undertake. Before applying to Zerodha, verify with the firm’s legal adviser that investment or trading in listed securities is covered by the deed or agreement.

For an unregistered partnership deed that does not mention securities, all partners must execute a supplementary deed extending the objects to include securities trading. The supplementary deed should be signed by all partners, dated, and ideally notarised.

For an LLP, review the LLP Agreement filed with the Registrar of Companies. If the activity is not covered, file a supplementary LLP Agreement (Form 3) with the Ministry of Corporate Affairs before proceeding. This takes 3-5 business days.

The Zerodha partnership account and Zerodha LLP account pages describe permissible trading segments for each entity type.

Step 2: Confirm and obtain the entity PAN

The firm or LLP must have its own PAN, separate from the personal PANs of the partners. If the entity does not yet have a PAN:

For a partnership firm: apply via Form 49A on the NSDL or UTIITSL portal, selecting “Firm” as the entity type.
For an LLP: apply via Form 49A selecting “Limited Liability Partnership” as the entity type. Attach the Certificate of Incorporation issued by the MCA.

PAN issuance takes 5-7 business days.

Step 3: Pass an authorisation resolution

For a partnership firm: All partners must jointly authorise the account opening. Prepare a resolution letter signed by every partner that:

Names the firm (as on the PAN card).
Authorises the opening of a demat and trading account with Zerodha Broking Limited.
Names one or two partners as authorised signatories for operating the account.
Specifies the segments to be activated (equity, F&O, currency, or commodities).

For an LLP: Designated partners (as defined in the LLP agreement) pass the resolution. Non-designated partners need not sign. The resolution format is similar to that for a partnership firm.

Step 4: Download and fill the account opening forms

Visit zerodha.com/open-account. Select “Partnership Firm” or “LLP” as the entity type to download the correct form set, which includes:

Account opening application form (non-individual)
FATCA/CRS entity self-certification
Beneficial ownership declaration
Authorised signatory KYC annexures (one per signatory)

Complete all fields in the firm’s legal name as it appears on the PAN card. Do not abbreviate the name. Enter the firm’s current account number and IFSC code in the bank details section.

All partners (partnership firm) or designated partners (LLP) must sign the form, not only the authorised signatory.

Step 5: Compile and attest documents

Prepare certified true copies of:

Document	Who certifies
Entity PAN card	Authorised signatory (self-attested)
Registered partnership deed (all pages) or LLP agreement	All partners or designated partners (attested)
Certificate of Incorporation from MCA (LLP only)	Authorised signatory (self-attested)
Authorisation resolution	Signed by all partners or designated partners
Personal PAN of each partner or designated partner	Each partner self-attests their own copy
Aadhaar of each partner or designated partner	Each partner self-attests their own copy
Cancelled cheque from firm/LLP current account	Authorised signatory (self-attested)
Beneficial ownership declaration	Signed by authorised signatory

Photograph requirements: one passport-size photograph of each authorised signatory, affixed on the relevant KYC annexure and signed across.

Step 6: Courier the complete package

Assemble all signed forms and attested documents and courier them to:

Zerodha Broking Limited 153/154, 4th Cross, Judges Colony, J.P. Nagar 4th Phase, Bengaluru 560078, Karnataka, India

Use a trackable courier (Blue Dart, DTDC, or Speed Post). Retain a full copy of the package for the firm’s records.

Step 7: Complete IPV for authorised signatories

After receiving the physical forms, Zerodha schedules a brief video IPV call with each authorised signatory. The signatory must:

Appear individually on camera.
Hold their personal PAN card to the camera.
State their name, entity name, and role (partner or designated partner) on camera.

The video IPV call is typically scheduled within 2-3 business days of the forms being received. An email or phone call from Zerodha’s onboarding team provides the scheduling link.

Step 8: Pay the account opening fee and receive credentials

The account opening fee for non-individual entities is Rs 500 (verify at zerodha.com before applying). Zerodha sends a payment link to the registered email once documents are verified. After fee payment, account activation takes approximately 3-5 business days. Login credentials are sent to the registered email; the authorised signatory then sets up the trading password on Kite.

The Zerodha demat account overview provides context on the CDSL or NSDL demat account that is created alongside the trading account.

What can go wrong

Deed does not mention securities trading: The most common cause of rejection. Verify and, if necessary, execute a supplementary deed before submitting the application.
Settlement account not in the firm’s name: Personal current accounts of partners, even if used for business, are not accepted. Open a dedicated current account in the firm’s or LLP’s exact registered name.
Not all partners sign the form (partnership firm): Zerodha requires signatures from all partners, not only the managing partner or authorised signatory, for a partnership firm application. Incomplete signatures cause rejection.
LLP agreement not filed with MCA: If the LLP was recently formed and the agreement has not yet been filed and returned from the MCA (Form 3 filing), the account opening will be delayed until the filed copy is available.
Beneficial ownership declaration incomplete: SEBI regulations require entities to disclose ultimate beneficial owners who hold 25% or more. Leaving this blank causes rejection without further notice in many cases.

Zerodha partnership account overview - Regulatory and operational details for partnership firm accounts
Zerodha LLP account overview - LLP-specific trading and settlement framework
How to open a Zerodha corporate account - Account opening for registered companies
How to complete Zerodha KYC online - KYC context for non-individual accounts
How to track Zerodha account opening status - Monitor the progress of a submitted application
How to activate F&O segment on Zerodha - Enabling derivatives trading after account activation

References

SEBI Circular on KYC norms for non-individual entities (SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/37, 23 March 2023).
Limited Liability Partnership Act, 2008, Section 25 (designated partners and their obligations).
Ministry of Corporate Affairs, Form 3 (LLP Agreement filing) instructions, MCA21 portal.
Zerodha non-individual account opening page: zerodha.com/open-account (accessed May 2026).
CDSL Operating Instructions, Chapter 4: Non-individual account opening (revised 2024).

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Last reviewed: 12 May 2026
Conflicts of interest: WebNotes is independent. No relationship with any broker, registrar or bank named in this article.