The single ledger facility allows you to trade equities and commodities using funds from your equity segment under Zerodha Broking Ltd.
Before the introduction of the single ledger facility, Zerodha opened equity accounts under Zerodha Broking Ltd., while commodity accounts were opened under Zerodha Commodities Ltd. This setup required you to deposit funds into each account separately. You couldn't use funds from your equity account to trade in commodities and vice versa.
How to activate the commodity segment
- Tap on User ID.
- Tap on Profile.
- Tap on Segments.
- Tap on Commodity and tap on Continue.
- Select Gross income, Trading experience and Commodity trade classification¹.
- Upload income proof² or select holdings statement as income proof.
- Tap on the undertaking and select mobile or email for OTP.
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Tap on Continue, enter the OTP and tap on Verify.
A new commodity account will be opened under Zerodha Broking Ltd within 72 hours upon verification.
Things to keep in mind
- For clients who have enabled single ledger, regular fund withdrawal requests are processed only at 11:59 PM, irrespective of the segments. However, you can submit instant withdrawal requests once per day between 9:00 AM and 4:00 PM on all days, including weekends.
- You can use funds from the sale proceeds from holdings only from the T+1 day to trade in commodity futures and options on the NSE and MCX.
- Non-individual account holders cannot enable the single ledger facility online, so they have to enable it offline.
Notes
¹You need to select the classification based on the category you belong to:
- Farmers/FPOs: If you are a farmer, part of farmers' cooperatives, or belong to Farmers Producers Organisations (FPOs).
- Value chain participants (VCPs): If you are a processor, commercial user such as dal and flour miller, importer, exporter, physical market trader, stockist, Cash & Carry participant, producer, SME/MSME, or wholesaler, but not a farmer or FPO.
- Others: If you intend to trade on MCX and do not belong to any of the above classifications.
²Income proof can be any of the following:
- Bank statement in the name of the Zerodha account holder with the bank logo and seal for the last 6 months with an average balance of more than ₹10,000.
- Latest salary slip with gross monthly income exceeding ₹15,000.
- Latest ITR acknowledgement with gross annual income exceeding ₹1,20,000.
- Form 16 with gross annual income exceeding ₹1,20,000.
- Certificate of net worth more than ₹10,00,000.
- Latest statement of demat holdings with current holdings value exceeding ₹10,000. (Your holdings must not be pledged)
- Latest Fixed Deposit (FD) receipt with a deposit amount exceeding ₹1,00,000.