Zerodha Brokerage Charges refers to the fees and commissions levied by Zerodha, which is a popular online discount brokerage firm based in India. Zerodha is known for its low-cost model, offering discounted brokerage rates compared to traditional full-service brokers. The brokerage charges at Zerodha typically include fees for equity, derivatives, currency, and commodity trading, as well as account maintenance charges, transaction charges, and other applicable charges. These charges may vary depending on the type of trade, trading segment, trading volume, and other factors. Investors and traders who use Zerodha as their brokerage service provider should be familiar with the brokerage charges to understand the costs associated with their trades and make informed investment decisions. It’s important to review and understand Zerodha’s brokerage charges before using their services, and to keep abreast of any changes in the charges as they may impact the overall cost of trading.
One of the best stockbrokers in India is frequently thought to be Zerodha. Because to the availability of an online platform that enables quick and simple trading of stocks, commodities, and other currency derivatives, it is very well-liked. It provides consumers with both trading and demat accounts, and they can easily move between the two depending on their needs.
For intraday trading, Zerodha has one of the lowest brokerage costs in India, with a flat rate of Rs. 20.
What are Zerodha Charges?
When you utilise their platform to trade in the stock market, you will be subject to Zerodha costs.
Let’s discuss each of the various charges in more detail as you’ll meet them.
Zerodha Account Opening Charges
Zerodha’s online account opening charges are Rs 200 for the equity segment and Rs 300 for the equity and commodity segments
| Account Type | Equity | Equity + Commodity |
|---|---|---|
| Individual Account (online) | Rs 200 | Rs 300 |
| Individual Account (offline) | Rs 400 | Rs 600 |
| NRI Account (offline) | Rs 500 | N/A |
| Partnership, LLP, HUF or Corporate accounts (offline) | Rs 500 | Rs 800 |
Zerodha Annual AMC (Account Maintenance Charges)
AMC charges must be paid at the rate of Rs 75 per quarter, or Rs 300 annually.
Zerodha AMC Charges: 300 Rs.
Only if you’re looking for a free Demat account with no AMC fees can you take into account an Upstox account. However when it comes to delivery fees, customer service, and superior trading platforms, Zerodha beats Upstox.
Zerodha Brokerage Charges
The commission you pay to Zerodha for each trade you place on their platform is known as brokerage.
No matter the size of the trade, Zerodha charges a flat price of 20 per transaction.
In contrast to full-service brokers, you only pay Rs.20 in brokerage fees whether you are buying or selling shares worth Rs.1,000 or Rs.100,000.
| Trading Segment | Charges |
| Zerodha Equity Delivery | Rs. 0 |
| Zerodha Equity Intraday | Rs. 20 or 0.03% per executed order whichever is lower |
| Zerodha Equity Futures | Rs. 20 or 0.03% per executed order whichever is lower |
| Zerodha Equity Options | Flat Rs. 20 per executed order |
| Zerodha Currency Futures | Rs. 20 or 0.03% per executed order whichever is lower |
| Zerodha Currency Options | Rs. 20 per executed order |
| Zerodha Commodity Futures | Rs. 20 or 0.03% per executed order whichever is lower |
| Zerodha Commodity Options | Rs. 20 per executed order |
Pros of Zerodha
Here are the advantages and benefits of using this broker: Since Zerodha is a self-clearing broker, there are no clearing costs for customers to pay. Only Direct Mutual Fund Investment Plans are available from them. You can invest in G-securities and Bonds with Golden Pi as well. Free stock market lessons and financial education are beneficial to everyone.
Cons of Zerodha
The following are some drawbacks of this broker that need to be addressed: Whether comparing Zerodha versus Angel Broking Costs or any other brokers, Zerodha’s call and trading costs are greater. The only method for opening an NRI account is offline. Customer assistance occasionally responds slowly. Occasionally, software issues arise as a result of the big customer base.
Zerodha Delivery Charges
Under Zerodha, equity delivery is entirely free.
Zerodha Intraday Charges
Regardless of trading volume, Zerodha charges a smaller intraday fee per executed order of Rs. 20 or 0.03%. This benefits both small and high volume traders.
For instance, Zerodha will charge Rs 3 for intraday trading rather than Rs 20 if you trade for Rs 10,000.
However, a set fee of Rs 20 will be applied if you place a trade for 10,000.
Zerodha futures&options trading Charges
| Trading Segment | Charges |
| Equity Futures | Rs. 20 or 0.03% per executed order whichever is lower |
| Equity Options | Flat Rs. 20 per executed order |
| Currency FNO | Rs. 20 or 0.03% per executed order whichever is lower |
| Commodity FNO | Rs. 20 or 0.03% per executed order whichever is lower |
Pledging Charges – Rs. 30 per pledge request
Government Taxes and Other Zerodha Charges
Transaction Charges
In addition to the aforementioned brokerage fees, you will also be required to pay a modest sum in transaction fees for each trade you make.
| NSE transaction charges | 0.00345% |
| BSE transaction charges | 0.00375% |
STT (Securities Transaction Tax)
The government imposes STT, which is calculated as a percentage of the security’s total traded value.
STT is charged at 0.1% of the total traded value on buy and sell for equity delivery.
STT is charged at 0.025% on the sale side solely for stock intraday.
GST (Goods and Services Tax)
The government imposes Tax on the services rendered by the broker.
The brokerage fee, SEBI costs, and transaction fee all require payment of 18% GST.
SEBI (Securities and Exchange Board of India) Charges
Every deal that a broker does on a client’s behalf is subject to a fee that must be paid to SEBI.
Like SEBI does, Zerodha levies a fee of 10 rupees per crore exchanged.
Stamp Duty
The state government imposes a levy known as stamp duty on the transfer of securities. State to state differences exist in stamp duty rates.
On equity deliveries, Zerodha collects 0.015% in stamp duty, and on buy-side intraday trades, it collects 0.003%.
DP (Depository Participant) Charges
Every time you sell shares from your demat account, the CDSL/NSDL will assess DP fees.
For debiting stocks from your demat account, Zerodha imposes a fee of Rs. 13.50 per scrip each day.
Zerodha Call and Trade Charges
For placing an order through Zerodha’s Dealer desk, Customer Care, or RMS team, there is a fee of Rs. 50 per order.
Call & Trade charges include –
- successfully placed buy/sell
- order executed orders
- rejected orders
- cancelled order
Note:There would be no cancellation fees if you called Zerodha to place an order, but you will still be responsible for paying Rs. 50 in call and trading fees.
Zerodha Mutual Funds Charges
For investing in direct mutual funds of any business, Zerodha costs Rs. 0.
Zerodha Charges For NRI Trading and Demat Account
NRI Account Opening Charges
Demat and trading accounts for NRIs can only be opened offline.
A PIS account or a Non-PIS account may be opened by NRIs.
Account opening costs are 500 rupees.
AMC fees are 125 rupees every quarter (Rs. 500 annually).
NRI Brokerage Charges for Equity
| PIS trading and demat account | Non-PIS trading and demat account |
| 200 per executed order, less 0.5% | Lower of 0.5% or ₹100 per executed order |
| For managing TDS, banks charge up to Rs 300 per contract note (per trading day). | NIL |
| In addition to the demat AMC of Rs. 500, banks also impose an additional AMC of up to Rs. 1500 annually. | Only demat AMC of Rs. 500 applies |
NRI Brokerage Charges for F&O
The only way for NRIs to trade F&O is through a custodial account. The custodian partner of Zerodha is Orbis Financial Company Ltd (SEBI registered).
For F&O, Zerodha charges a brokerage fee of Rs.100 per order.
In addition, Orbis levies monthly clearing fees of Rs. 150 per crore for futures and Rs. 1500 per crore for options.
What to do next?
If you conduct your own research, you can trade more than a crore worth of shares for Rs. 5000 every month (10 trades x Rs. 20 brokerage x 25 days).
1. Does Zerodha charge a brokerage fee for transactions?
A: Zerodha charges a brokerage fee to each of its clients. It turns out that by allowing Equities Delivery to be free of brokerage, the stockbroker offers a certain amount of relaxation. Clients in this location are not required to pay any brokerage fees, which is fantastic.
2. Is Zerodha’s delivery service free?
On Zerodha, delivery is complimentary. You won’t be charged a brokerage fee if you choose to accept delivery of the shares. Due to the numerous bargains that the stockbroker makes available to investors, investing with Zerodha is lucrative.
3.Does Zerodha charge every year?
The fee to maintain a demat account with Zerodha is now known as the Account Maintenance Charge (formerly known as the Annual Maintenance Fee). AMC is deducted from the Zerodha account on a quarterly basis, or every 90 days, beginning with the account opening date.
4.Is Zerodha 100% safe?
With its CDSL membership, it also provides services connected to demat accounts. Zerodha has been a retail stock broker for more than ten years (since 2010). Exchanges and SEBI frequently audit them. As of January 2023, none of the regulatory bodies have documented any significant regulations that Zerodha has violated.
5.Does Zerodha deduct income tax?
Based on their income from trading in stocks, mutual funds, or derivatives, Zerodha traders must submit ITRs. Every of Zerodha’s traders receive a Tax P&L Report from the company that compiles all of their trading activity throughout the financial year.
6.Can you have 2 demat accounts?
With a valid PAN card, an investor is able to open numerous Demat Accounts with various brokers. The creation of multiple Demat accounts in India is not subject to any restrictions from the Securities and Exchange Board of India (SEBI).