“Zerodha User ID and Password Not Received” is an issue faced and reported by some people trying to open a Zerodha account. Even though the Zerodha signup process is straightforward, some people do not know why this issue occurs.
In this post, I will get deeper into this issue and logically put things to clarify why this problem occurs and what could be the possible reasons behind this issue. Besides, I will share some of the best Zerodha alternatives you can go for if you have no luck with the Zerodha signup process.
How difficult is Zerodha Signup?
Those with an account with Zerodha know that the Zerodha Signup process is self-explanatory, just as signing up with any other online broker. All it takes is mobile OTP verifications, KYC verification using DigiLocker, and Documents like PAN and Aadhaar Card. Besides, you will need to upload your live photo with the Zerodha Pin using your device camera.
After the application is ready, you can design and submit it on the NSDL through your Aadhaar OTP verification. Almost all online brokers allow more or less the same procedure. Hence, the Zerodha signup is simple.
Zerodha User ID and Password Not Received: What Could Be the Reasons?
Once you submit the Zerodha application, you should get your Zerodha account credentials within 72 hours. If you expect to get the credentials right after submitting your application, you are slightly mistaken and must wait until 72 hours.
However, it's essential to understand that the Zerodha team will review the application, and credentials will only be emailed to you if there is nothing wrong with the application. If you don't receive your credentials even after 72 hours, there should be something wrong with your application.
In that case, you can contact Zerodha customer support by phone or ticket regarding the issue. Once you know the problem, you can work on it and reapply for a Zerodha account.
Zerodha User ID and Password Not Received: Zerodha Alternatives
If you don't receive your Zerodha user ID and password after 72 hours, you can certainly contact Zerodha support to enquire about the issue. However, if you urgently need an online trading account, consider these best Zerodha alternatives for zero account opening charges.
Upstox is an online trading and investing platform that has been there since before Zerodha was launched. The platform is considered one of the most reliable trading platforms in India. Upstox is equally suitable for trading and investing and comes with a wide range of financial instruments comprising Equity, F&O, Commodity, and Currency.
Upstox doesn't charge you anything for account opening. Besides, the platform is based on a discount broking model, meaning your brokerage charges will be nominal. The platform comes with suitable trading applications and customer support.
Dhan was launched in 2021, and the platform doesn't charge any account opening fee or AMC. Even though Dhan is comparatively a newer online trading platform, it has managed to catch the attention of the Indian trading community within a short span of time through its advanced features.
The platform comes with advanced trading applications and has dedicated trading applications for Options trading. Dhan's advanced features include Webhooks, Trader's Diary, Free APIs, a dedicated application for Options trading, and comprehensive customer support.
Launched in 2015, Fyers is another highly reliable trading platform, and many traders in India count on this platform for their day-to-day trading activities. Account opening is free for Fyers, and the process is pretty simple. Fyers has played a massive role in making online trading more advanced.
The trading platform has won the confidence of many Indian traders through its innovative features like multiple chart layouts, buy and sell from the chart, and drag and drop Stop Loss or Target orders. Besides, managing positions is a breeze in Fyers since you can do it without leaving the chart.
5paisa is another online trading platform known for its innovative pricing model. The platform has put much thought into cutting costs through its flat pricing and Super Saver Packs. You can open an account with 5paisa for zero charges.
The trading platform comes with exceptionally clean and advanced trading applications across the web and mobile devices. The platform allows you to use advanced charting tools like Tradingview and ChartIQ. Further, the platform has a reliable customer support team to assist users.
Launched in 2017, Paytm Money is a preferred trading and investing platform for many Indians. The platform lets you open an account for zero charges. Paytm Money has an exceptionally clean and intuitive interface and is extremely reliable.
You can trade and invest in Equity, Mutual Funds, and F&O. If we consider Paytm Money applications, they are highly usable and reliable. Order execution is always quick, and managing positions on Paytm Money is super simple.
Zerodha is undoubtedly the first name to cross your mind when considering an online trading platform. However, over time, many other good online trading platforms have come up, and Zerodha is no longer the only option you are left with.
If, for some reason, you cannot get through the Zerodha signup process, you can try your luck with any of the Zerodha alternatives mentioned in this post. All the five Zerodha alternatives mentioned in this post are reliable and tested.
Zerodha User ID and Password Not Received: FAQs
How difficult is the Zerodha signup process?
The Zerodha signup process is straightforward and similar to signing up with any other online broker. It involves mobile OTP verifications, KYC verification using DigiLocker, document submission (PAN and Aadhaar Card), and a live photo upload with the Zerodha Pin.
Why haven't I received my Zerodha user ID and password immediately after signup?
Zerodha typically sends user credentials within 72 hours after application submission. Immediate delivery is not expected. The application is reviewed by the Zerodha team, and credentials are emailed if there are no issues with the application.
What should I do if I don't receive my Zerodha credentials after 72 hours?
If you haven't received your credentials within 72 hours, there might be an issue with your application. Contact Zerodha customer support via phone or a support ticket to inquire about the problem and resolve it.
Can I explore alternatives to Zerodha if I encounter issues with the signup process?
Yes, you can consider alternative online trading platforms if you encounter difficulties with Zerodha. Several reliable options are available that offer zero account opening charges.
What are some Zerodha alternatives with zero account opening charges?
Some Zerodha alternatives with zero account opening charges include Upstox, Dhan, Fyers, 5paisa, and Paytm Money. These platforms provide a range of features for traders and investors.
Tell me more about Upstox as a Zerodha alternative.
Upstox is a well-established online trading platform known for reliability. It offers Equity, F&O, Commodity, and Currency trading. Upstox has a discount broking model, nominal brokerage charges, good trading applications, and customer support.
Can you provide details about Dhan as an alternative to Zerodha?
Dhan, a newer platform launched in 2021, offers advanced features, including dedicated applications for Options trading, Webhooks, Trader's Diary, Free APIs, and comprehensive customer support. It has garnered attention in the Indian trading community.
What makes Fyers a reliable Zerodha alternative?
Fyers, launched in 2015, is trusted by many Indian traders. It offers innovative features like multiple chart layouts, buy and sell from the chart, and drag-and-drop Stop Loss or Target orders. Account opening is free, and managing positions is easy within the platform.
Tell me about the unique features of 5paisa as a Zerodha alternative.
5paisa has an innovative pricing model, offering flat pricing and Super Saver Packs. Account opening is free, and the platform provides advanced trading applications, including tools like Tradingview and ChartIQ. It also boasts a reliable customer support team.
What are the advantages of using Paytm Money?
Paytm Money, launched in 2017, is known for its clean and intuitive interface. It allows zero-charge account opening and provides access to Equity, Mutual Funds, and F&O trading. The platform offers quick order execution and simple position management.