If you are wondering why NSE is disabled for your Zerodha account, it's due to the non-KYC compliance.
Many Zerodha users have lately reported the error, “NSE is disabled for your Zerodha account.” To fix this issue, you must re-submit the KYC details and wait for the account to be reactivated.
It can be highly frustrating, especially when you are trying to place a well-analyzed trade and are being stopped.
You can wait for reactivation or use an alternative service like Upstox or Angel One to create an instant free demat account and start trading immediately. Thus, you don't miss out a good trading day.
NSE is Disabled for Your Zerodha Account: What Causes the Error?
Zerodha stated on its website that an account deactivation causes the error due to KYC non-compliance.
Any user encountering this error gets an email regarding the KYC documents that must be submitted and the necessary steps to follow.
You can reply to the same email to determine why the demat account is deactivated. You must send the required KYC documents to Zerodha to reactivate your demat account.
NSE is Disabled for Your Zerodha Account: How Long Will the Reactivation Take
Here is the problem: Zerodha never mentioned the amount of time the reactivation will take.
You can either wait for the reactivation or switch to any other online broker in case the reactivation is taking too long. There are various good Zerodha alternatives to choose from. However, you need to try and see, which one of these alternatives works the best for you.
NSE is Disabled for Your Zerodha Account: Zerodha Alternatives
Upstox makes a good Zerodha alternative and is a reliable trading and investing platform. You can open a demat account with Upstox for zero charges.
Besides, Upstox is known for its dedicated customer support team. Further, Upstox's brokerage structure is the same as Zerodha's.
Fyers is another great Zerodha alternative, and many traders rely on Fyers for its innovative trading features and easy-to-use interface. Fyers doesn't charge you any fee for opening a demat account. Regarding brokerage structure, Fyers charges nominal brokerage charges just like the other popular discount brokers.
Dhan is yet another discount broker with zero account openings and zero AMC. Dhan is advanced in terms of features, and in some places, it's more innovative than Fyers. Many see Dhan as a competitor to Zerodha.
Even since Dhan entered the industry, many traders migrated to it from other trading platforms, including Zerodha. The trading platform also comes with comprehensive customer support.
Kotak Securities is one of India's most popular trading platforms and comes with reliable trading applications. The platform keeps its account opening free of charge. However, it charges an annual maintenance charge of ₹600. If Zerodha reactivation takes too long, you can try Kotak Securities.
Groww is the preferred trading and investment platform of many traders in India. Groww has a straightforward interface, which makes it easy to navigate. Besides, Groww has reliable web and mobile applications with advanced charting tools. The platform doesn't charge any demat account opening fees and AMC.
When NSE is disabled for your Zerodha demat account, you cannot place orders, and it can be very frustrating for many traders.
Even though you should receive an email explaining how you can go about it and have your Zerodha demat account reactivated, no one knows how long the reactivation process will take since Zerodha still needs to clarify it.
NSE is Disabled for Your Zerodha Account: FAQs
Why is NSE disabled for my Zerodha account, and what causes the error “RMS blocked for NSE block type: ALL” or “account is deactivated”?
The error “RMS blocked for NSE block type: ALL” or “account is deactivated” occurs due to KYC non-compliance. Zerodha users encountering this error will receive an email from Zerodha explaining the KYC documents that must be submitted and the steps to follow for reactivation.
How can I determine why my Zerodha account is deactivated?
You can reply to the email you receive from Zerodha regarding the error to inquire why your account has been deactivated.
How long will it take for my Zerodha account to be reactivated?
Zerodha does not specify a specific time frame for reactivation. Users can choose to wait for reactivation or consider switching to another online broker if the reactivation process is taking too long.
What are some alternatives to Zerodha for trading when NSE is disabled?
- Upstox: Upstox is a reliable alternative with zero account opening charges and a similar brokerage structure to Zerodha.
- Fyers: Fyers is known for its innovative trading features and user-friendly interface, with nominal brokerage charges.
- Dhan: Dhan is a discount broker with zero account openings and zero AMC, known for its advanced features and comprehensive customer support.
- Kotak Securities: Kotak Securities is a popular trading platform with free account opening but charges an annual maintenance charge of ₹600.
- Groww: Groww is a preferred trading and investment platform with a straightforward interface, advanced charting tools, and no account opening fees or AMC.
What should I do if my Zerodha account is taking too long to reactivate?
You can consider signing up with one of the mentioned Zerodha alternatives to continue trading while waiting for your Zerodha account to be reactivated. Once reactivated, you can transfer your funds back to Zerodha or choose to stick with the alternative if it better suits your needs.
However, one wise thing you can do is sign up with any of the 5 Zerodha alternatives mentioned in the post to continue trading until your Zerodha account is reactivated. Once your Zerodha account gets activated, you can transfer your funds and switch back to Zerodha. If you choose a Zerodha alternative and find it better, you can stick to it.