Opening a Zerodha account for a family member or friend

Fri, 19 Jun 2026 00:00:00 +0000

You cannot open a Zerodha account for a family member or friend using your own registered mobile number and email ID. The rule is set by SEBI : every individual client must have unique contact details, a mobile number and email of their own, so that communications and reports from the exchanges, the depositories and the broker reach the actual account holder rather than a third party. There is one narrow, declared exception for a defined set of family members, and there are several legitimate routes for helping a relative invest, but operating someone else’s account or using your contact details for their account is not, in general, permitted. This article sets out the rule, the reasoning behind it, the family exception, the prohibition on third-party operation, and the lawful alternatives.

SEBI KYC on WebNotes

Opening a Zerodha account for a family member or friend