These instructions will show you how to generate a text transcript for a Zoom meeting.
Steps
Record your Zoom session to the cloud (cloud recording is the default).
Once the recording is processed you should receive an email with the subject line "The audio transcript of cloud recording - [meeting name] is now available". In that email, click on 'View details' and then click on 'Audio transcript - English(original)' to download the transcript.
The file you download will be a VTT file with time stamps. You may want to convert this to a plain text file without the time stamps. To do this, navigate to https://ebby.co/subtitle-tools/converter/vtt-to-txt and follow the instructions there to convert the VTT file to a plain text file.
Once you have your plain text file, double clicking it should open it in a text editor such as MS Word, depending on what software you have configured on your computer.