Zerodha Annual Charges, AMC, All Charges Details 

According to our research report on top 20 stock brokers in India, Zerodha is the biggest stockbroker in India with 64+ lakhs active client base. Zerodha offers flat discounted brokerage fees of Rs. 20 for intraday trading and zero for equity delivery in India. 

In this blog post, I will provide you with a comprehensive guide to all the charges that Zerodha levies on its customers. 

Zerodha Charges Details 

Zerodha

Zerodha Account Opening Charges

Zerodha charges Rs. 200 for online Demat trading account opening. The trading account is opened simultaneously for free.

You can do intraday, equity F&O, and currency F&O trading with a regular Demat account. But you need to pay an extra Rs. 100 if you want an MCX commodity account.

You need to pay extra for offline account opening.

Charges for Zerodha Account Opening –

SegmentOnline Offline
Equity trading and demat accountRs. 200Rs. 400
Equity trading, demat, and commodity accountRs. 300Rs. 600

Zerodha and SBI securities are the only 2 stock brokers among the top 20 stock brokers in India that charge account opening fees.

Zerodha Annual Maintenance Charges 

You need to pay Rs 75 per quarter for Zerodha AMC charges, a total of Rs 300 per year.

Upstox, Groww, and Fyers are 3 stock brokers that charge zero annual maintenance fees.

Zerodha Brokerage Charges

Zerodha Brokerage Charges

Zerodha offers one of the lowest brokerage charges in India. The brokerage charges are 0.03% or Rs. 20 per trade, whichever is lower. Delivery trades are free in Zerodha

Let’s have a look at the brokerage charges 

Trading SegmentCharges
Equity DeliveryFree
Equity Intraday Rs. 20 or 0.03% per executed order whichever is lower
Equity FuturesRs. 20 or 0.03% per executed order whichever is lower
Equity OptionsFlat Rs. 20 per executed order
Currency FuturesRs. 20 or 0.03% per executed order whichever is lower
Currency OptionsRs. 20 per executed order
Commodity FuturesRs. 20 or 0.03% per executed order whichever is lower
Commodity OptionsRs. 20 per executed order

Zerodha Delivery Charges

Zerodha offers zero brokerage charges on stock delivery. Zerodha is one of the rare top stockbrokers who provide free stock delivery. 

Zerodha Intraday Charges

Zerodha charges a lower of Rs. 20 or 0.03% per executed order irrespective of the trading volume. 

For example, if you trade worth Rs 20000 then Zerodha will charge Rs 6 for stock intraday, not Rs 20. But if you place an order for 5,00,000 then a fixed charge of Rs 20 will be charged.

If you want to do intraday trading, I would suggest starting investing with Rs 5000 as an initial investment. 

Zerodha Futures Trading Charges

Zerodha is a discount broker that charges a lower of Rs. 20 or 0.03% per executed order irrespective of the trading volume among all the segments. 

For example, if you trade worth Rs 10000 then Zerodha will charge Rs 3 for Futures, not Rs 20. But if you place an order for 1,00,000 then a fixed charge of Rs 20 will be charged.

Zerodha Options Trading Charges

Zerodha charges a flat fee of Rs 20 per options order for all the segments (equity, currency and commodity). You can check our list of the best broker for option trading in India that offer cheap brokerage charges on trading.

Zerodha Call and Trade Charges

Zerodha charges a fee of Rs. 50 per executed order for all trades executed through Call and Trade.

Call & Trade charges include – 

  • Successfully placed orders
  • Executed orders
  • Rejected orders
  • Canceled orders

Zerodha Charges for Mutual Funds 

Zerodha charges zero fees for mutual fund investments through its platform. Read our list of best brokers for mutual funds investment to know about top brokers to cater to your mutual funds’ investment needs.

Zerodha Charges for IPO Investment  

Zerodha charges zero fees for IPO investments through its platform. You can also check out our report on upcoming IPOs 2023-24.

Zerodha Other Charges Details

Zerodha Plegde and Unpledged Charges 

You can use the margin against Demat holdings for trading futures & options only. Zerodha charges Rs 30 per scrip on pledging. There is no fee charged for unpledging. 

Zerodha Margin Shortfall Penalty 

Zerodha charges a penalty on the debit balance in the trading account.

Shortfall collection Penalty 
(< Rs 1 lakh) and (< 10% of applicable margin)0.50%
(>= Rs 1 lakh) or (>= 10% of applicable margin)1%

A penalty of 5% will be applicable for

  • Every further instance of the shortfall is applicable, If there are more than 5 instances of a shortfall in a calendar month.
  • Each subsequent instance of the margin shortfall, If the margin shortfall continues for more than 3 consecutive days,
  • For MCX, from the 4th instance of the shortfall, if the margin shortfall is reported 3 times or more during a month. 

Also read – Dhan vs Zerodha comparison

Zerodha Charges For Auto-square Off

Zerodha charges Rs. 50 per auto-squares off all open intraday positions at or after the cut-off time.

SegmentEquity intradayEquity F&OCurrency F&OCommodity F&O
Cut-off time3.20 pm3.25 pm4.45 pm25 mins before close

Zerodha CMR Physical Copy

The first CMR request is free. Rs 20 + Rs 100 (courier charge) for subsequent CMR physical copy requests.

Zerodha Off Market Share Transfer Charges 

You would need to pay Rs 25 or 0.03% of the transfer value (whichever is higher) for off-market share transfers. 

Zerodha Funds Add Charges 

Zerodha charges a fee of Rs. 9 per deposit through net banking. UPI & IMPS options are free. Funds become immediately available for trading.

Zerodha Funds Withdraw Charges 

Zerodha doesn’t charge any fee for withdrawing funds from your trading to your bank account. You can also check the detailed guide on how to add and withdraw money from Zerodha.

Zerodha Charges for Cancelled Orders

Zerodha does not charge any fees for canceling orders.

Cancellation can be due to –

  • Canceling orders manually
  • Auto-canceled by the system
  • The order rejected for short of funds or any reason

Zerodha Charges for GTT

Zerodha does not charge any fees for setting up GTT (Good Till Triggered) orders. However, a normal brokerage fee of up to Rs. 20 is charged when the order is triggered.

Zerodha Charges For BTST

Zerodha charges Rs 0 for BTST trades as this order comes under delivery product. 

Zerodha Charges for Debit Account Balance 

If your account is in debit balance, any order placed will be charged Rs 40 per executed order instead of Rs 20 per executed order. 

You can check out – best trading apps in India

Zerodha Delayed Payment Charges

  1. Zerodha charges an Interest at 18% a year or 0.05% per day on the debit balance in your trading account in the following conditions. If the utilized funds cross the available balance in the Zerodha account, it will lead to a debit balance. Additionally, if charges are debited without sufficient balance, it could result in a debit balance. 
  1. For overnight F&O positions, 50% of the margin needs to compulsorily come in cash or cash equivalent collateral, and the remaining 50% can be in terms of non-cash collateral margin. If sufficient cash margin is not maintained and the shortfall is funded by the non-cash collateral, there will be a delayed payment charge of 0.035% per day or 12.5% per annum on the shortfall in the cash margin requirement.

You can go through our complete Zerodha review for learn more about the discount broker.

Government Taxes and Regulatory Charges

Zerodha SEBI Charges

Every broker has to pay a fee to SEBI for every trade that they execute on behalf of their clients.

Zerodha charges a fee of Rs 10 per crore traded as SEBI charges.

GST (Goods and Services Tax)

GST is levied by the government on the services provided by the broker. 18% GST needs to be paid on all the charges like brokerage fees, SEBI charges, and transaction fees.

Zerodha Transaction Charges

Zerodha charges transaction charges for every trade executed on the exchange. The charges are levied by the exchange and vary from one exchange to another. The charges are as follows:

Segment Charges 
NSE Equity (intraday/ delivery)0.00325%
BSE Equity (intraday/delivery) 0.00375%
NSE Equity Futures0.0019%
NSE/BSE Equity Options0.05% (on premium)
NSE Currency Futures0.0009%
NSE Currency Options0.035%
BSE Currency Futures0.00025%
BSE Currency Options0.001%
Commodity Futures0.0026%
Commodity Options0.05%

You would like to read – how to invest 1 crore to get monthly income in India

Zerodha STT Charges

STT (Securities Transaction Tax) is levied by the government on securities and commodities on all trades executed on the exchange. The charges are as follows:

Trading SegmentCharges
Equity Delivery0.1% on both buy & sell
Equity Intraday 0.025% only on sell
Equity Futures0.0125% only on sell
Equity Options0.125% of the intrinsic value on options that are bought and exercised,
0.0625% on sell side (on premium)
Currency FuturesNo STT
Currency OptionsNo STT
Commodity Futures0.01% on sell (Non-Agri)
Commodity Options0.05% on sell

Zerodha Stamp Duty

Stamp duty is a tax levied by the state government on the transfer of securities. Stamp duty is charged only on the buy side. 

The stamp duty charges are as follows:

Trading SegmentCharges
Equity Delivery0.015% or Rs 1500 / crore
Equity Intraday 0.003% or Rs 300 / crore
Equity Futures0.002% or Rs 200 / crore
Equity Options0.003% or Rs 300 / crore 
Currency Futures0.0001% or Rs 10 per crore
Currency Options0.0001% or Rs 10 per crore
Commodity Futures0.002% or Rs 200 per crore
Commodity Options0.003% or Rs 300 per crore 

Zerodha DP Charges

Zerodha charges a DP charge of Rs. 13.5 per scrip for each Demat debit transaction(sell). There are no charges for Demat credit transactions. This is charged only on selling shares from the demat account.

You may like to readZerodha vs Upstox comparison

Zerodha NRI Charges 

NRI Zerodha Account Opening Charges 

You can open an NRI account only through offline mode. NRI cannot open the commodity (MCX) account with Zerodha. You can also check the MCX commodity holidays 2023.

  • Account opening fees – Rs. 500. 
  • AMC charges – Rs. 500 

Zerodha NRI Brokerage Charges

PIS AccountNon-PIS Account
EquityLower of 0.5% or Rs 200 per executed orderLower of 0.5% or Rs 100 per executed order
Futures & OptionsRs 100 per executed orderRs 100 per executed order

You may like to read – best forex trading apps in India

Zerodha Accounts Opening Partnership, LLP, HUF, or Corporate 

Equity (for trades on Equity, F&O, and Currency)Rs 500
Equity (for trades on Equity, F&O, and Currency) and Commodity (MCX)Rs 800

I have tried to add the details of all the Zerodha charges. If I missed any details, let me know in the comments. 

About Rajan Dhawan

Rajan has covered personal finance and investing for over 5 years. Previously, he was in the IT field for 8 years after completing his MCA but his deep interest in personal finance led him to become an investing expert. He is passionate about investing, stocks, startups, and cryptos.

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