If you're planning to open a Zerodha account, the Zerodha Referral Code "ZQF906" can be entered during the applicable referral/account-opening process. As of June 1, 2026, Zerodha provides zero Account Maintenance Charge (AMC) for the first year on all new resident-individual accounts.
Zerodha Referral Code: "ZQF906"
First-Year AMC: ₹0
Account Opening: Free for individual accounts
Offer Type: Referral / Account Opening
What Is Zerodha Referral Code "ZQF906"?
ZQF906 is the referral code provided for this Zerodha offer. If the referral code is accepted during account registration, the new customer can complete Zerodha's online account-opening process.
Importantly, the first-year AMC waiver is now a general Zerodha benefit for new resident-individual accounts opened on or after June 1, 2026, rather than a benefit that is unique to this particular code.
What Does Zerodha Offer?
Zerodha allows users to open a combined Demat and trading account online. Its official account-opening page currently states that individual account opening is free.
With a Zerodha account, users can access products including:
Stocks
Direct mutual funds
IPOs
Futures and options
Other exchange-listed securities
Zerodha states that equity delivery and direct mutual-fund investments have zero brokerage, while intraday and F&O trades are charged at applicable rates.
How to Use Zerodha Referral Code "ZQF906"
Visit the official Zerodha account-opening page.
Start the registration process with your mobile number.
Enter your required personal details.
Enter ZQF906 when the referral-code option is available.
Complete PAN and Aadhaar-based verification.
Complete the required e-sign and KYC process.
Link your bank account.
Finish the account-opening process.
Once activated, log in to Kite and verify your account details.
Zerodha says that online account opening requires documents such as PAN and Aadhaar, while bank-account details are also required to link your bank account.
First-Year AMC Is Free
The key current benefit is that new resident-individual Zerodha accounts opened from June 1, 2026 have no AMC for the first year.
After the first year, AMC depends on your account type and holdings.
For example, Zerodha currently lists:
BSDA holdings up to ₹4 lakh: ₹0 AMC
BSDA holdings ₹4–10 lakh: ₹100/year + GST
Non-BSDA account: ₹300/year + GST
These charges apply from the applicable period after the first year.
Is Zerodha Account Opening Free?
Yes. Zerodha currently lists ₹0 account-opening charges for individual accounts.
However, free account opening and zero first-year AMC do not mean every trading or account-related service is free.
Depending on what you do, you may incur brokerage, transaction charges, government taxes, DP charges, GST, or other applicable fees.
Benefits of Using ZQF906
Free Account Opening
Individual Zerodha accounts can currently be opened without an account-opening fee.
₹0 AMC for First Year
New resident-individual accounts opened on or after June 1, 2026 receive a first-year AMC waiver.
Online Account Opening
The entire account-opening process can be completed online through Zerodha's platform.
Multiple Investment Options
The Zerodha platform provides access to stocks, mutual funds, IPOs, F&O and other investment products.
What Happens After the First Year?
The first-year AMC waiver does not continue indefinitely.
From the second year, the applicable AMC depends on whether your account qualifies for BSDA and the value of your holdings. Zerodha currently lists ₹300 + 18% GST per year for non-BSDA individual accounts, while BSDA accounts can have lower or zero AMC depending on holdings.
There is also no minimum balance requirement to keep a Zerodha account active.
Important Things to Know
Before opening your account, keep in mind:
The first-year AMC waiver is a current Zerodha-wide benefit for eligible new resident-individual accounts.
The referral code ZQF906 should be entered during the applicable registration process if you want the referral mapped.
Brokerage and statutory charges can still apply.
Investment returns are not guaranteed.
Market investments involve risk.
Check the final charges applicable to your selected products before trading.
Frequently Asked Questions
What is the Zerodha referral code?
The referral code provided here is "ZQF906."
Is Zerodha account opening free?
Yes. Zerodha currently lists free account opening for individual accounts.
Is Zerodha AMC free for the first year?
Yes. For new resident-individual accounts opened on or after June 1, 2026, AMC is free for the first year.
Does ZQF906 provide the first-year AMC waiver?
The ₹0 first-year AMC is currently a general Zerodha benefit for eligible new resident-individual accounts, not necessarily an exclusive benefit of ZQF906.
What happens after the first year?
Applicable AMC charges depend on your account type and holdings. BSDA accounts can qualify for reduced or zero AMC under the applicable limits.
Can I use the referral code after starting registration?
Zerodha's referral system requires the referral to be captured through the applicable referral process. If you've already registered your contact details without the referral mapping, the referral may not be applied later.
Final Thoughts
The Zerodha Referral Code "ZQF906" can be used during the applicable account-opening process. More importantly, Zerodha currently offers ₹0 AMC for the first year on new resident-individual accounts opened from June 1, 2026, along with free account opening for individual accounts.
If you're opening a new Zerodha account, enter ZQF906 where the referral option is provided, complete the KYC process, and review the current charges before beginning to trade.