Zerodha is the biggest stockbroker in India that offers one of the lowest brokerage fees of flat Rs. 20 for intraday trading 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 Account Opening Charges
Zerodha charges Rs. 200 for online Demat 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 –
|Equity trading and demat account||200||Rs 400|
|Equity trading, demat, and commodity account||300||Rs 600|
Zerodha Annual Maintenance Charges
You need to pay Rs 75 per quarter for Zerodha AMC charges, a total of Rs 300 per year.
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
|Equity Intraday||Rs. 20 or 0.03% per executed order whichever is lower|
|Equity Futures||Rs. 20 or 0.03% per executed order whichever is lower|
|Equity Options||Flat Rs. 20 per executed order|
|Currency Futures||Rs. 20 or 0.03% per executed order whichever is lower|
|Currency Options||Rs. 20 per executed order|
|Commodity Futures||Rs. 20 or 0.03% per executed order whichever is lower|
|Commodity Options||Rs. 20 per executed order|
Zerodha Delivery Charges
Zerodha charges zero brokerage 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.
Zerodha Futures Trading Charges
Zerodha 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).
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.
Zerodha Charges for IPO Investment
Zerodha charges zero fees for IPO investments through its platform.
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.
|(< 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.
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.
|Segment||Equity intraday||Equity F&O||Currency F&O||Commodity F&O|
|Cut-off time||3.20 pm||3.25 pm||4.45 pm||25 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.
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.
Zerodha Delayed Payment Charges
- 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.
- 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:
|NSE Equity (intraday/ delivery)||0.00345%|
|BSE Equity (intraday/delivery)||0.00375%|
|NSE Equity Futures||0.0020%|
|NSE Equity Options||0.053%|
|NSE Currency Futures||0.0009%|
|NSE Currency Options||0.035%|
|BSE Currency Futures||0.00022%|
|BSE Currency Options||0.001%|
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:
|Equity Delivery||0.1% on both buy & sell|
|Equity Intraday||0.025% only on sell|
|Equity Futures||0.01% only on sell|
|Equity Options||0.05% only on sell|
|Currency Futures||No STT|
|Currency Options||No STT|
|Commodity Futures||0.01% on sell (Non-Agri)|
|Commodity Options||0.05% 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:
|Equity Delivery||0.015% or Rs 1500 / crore|
|Equity Intraday||0.003% or Rs 300 / crore|
|Equity Futures||0.002% or Rs 200 / crore|
|Equity Options||0.003% or Rs 300 / crore|
|Currency Futures||0.0001% or Rs 10 per crore|
|Currency Options||0.0001% or Rs 10 per crore|
|Commodity Futures||0.002% or Rs 200 per crore|
|Commodity Options||0.003% 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 can also select any discount broker from our list that offers cheap brokerage charges on stock trading.
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.
- Account opening fees – Rs. 500.
- AMC charges – Rs. 500
Zerodha NRI Brokerage Charges
|PIS Account||Non-PIS Account|
|Equity||Lower of 0.5% or Rs 200 per executed order||Lower of 0.5% or Rs 100 per executed order|
|Futures & Options||Rs 100||Rs 100|
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.