Zen Money Charges – Find Brokerage Charges, Account Opening Charges and more

In this article, we will try to look into the way Zen Money Charges work. We’ll figure out a way to decipher their Trading Charges and AMCs.

We’ll even talk in details about the ways they impose certain charges that are not really a part of the brokerage. So, please be with us as we go on unfolding each of this information.

Zen Money is a 34 year old company established to provide financial advisory. Having an experience of over 3 decades it is respected throughout the country. It operates with more than 300 branch and a headquarter in Hyderabad.

The company was primarily led by Pratap Kantheti, its founder. In fact, this leadership is the reason it became so big. It tries to serve its clients at a very reasonable brokerage.

That is exactly what we’re about to discuss in this article. We’ll try to investigate about Zen Money Brokerage Charges throughout this article.

Zen Money Brokerage Charges

There are several Zen Money brokerage plans to be discussed about. However, at the time we are rather concerned about the one that is generally levied from their clients. You may get the details from the table below.

Zen Money Brokerage charges consist of a number of varying charges. These charges are levied in accordance to the services provided. And, each of the services provided require a different brokerage to be paid.

At the top of the table concerning these charges is Equity Delivery Trading. The company levies a charge worth 0.36% of trade for this.

Then, we have the charges for Equity Futures, Equity Intraday, Currency Futures and Commodity trading. These are services that require the payment of similar brokerage from clients. The company levies the brokerage at 0.04% worth each trade for them all.

These are not the only services clubbed together for a similar brokerage. Even the services pertaining Equity Options and Currency Options Trading require similar sort of payment. The company has a policy to charge Rs.36 per lot for these services.

You need not worry about the policies on Minimum Brokerage or Margin Money. That’s because there are no policies around these. So, you may even maintain a zero balance Margin Money of you wish. Even trading AMC is provided at zero brokerage. However, the clients must pay a brokerage worth Rs.310 as Demat AMC.

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Zen Money Account Opening Charges

The table below is all about Zen Money Account Opening Charges. Go ahead and take a look at it for further details.

The table lists Zen Money trading charges at Rs.254. This amount requires one time payment from the clients. The clients even need to pay Demat charges and Demat AMC.

These are to be paid at Rs.310 and Rs.310 per annum respectively. The Zen Money AMC for Trading is not applicable nonetheless. Moreover, the clients are not restricted in matters of Margin Money balance either. This means that the Margin Money Balance can be maintained at zero as well.

Find Account Opening Charges of other Stock Brokers

Zen Money Transaction Charges

The next part concerns about Zen Money Transaction Charges. And, that’s exactly what the table underneath showcases.

All you need is just one glimpse at the table above. That’s all it takes to learn about Zen Moneycharges for transactions. As you can see, all the services require exactly same sort of brokerage and, the rate at which Zen Money charges it is 0.00310% per trade.

Find Transaction Charges of other Brokers

Zen Money Other Charges

You must understand that the government requires Zen Money to impose certain taxes. Zen Money charges these taxes alongside their usual brokerage. The table below tells you all about the charges.

Zen Money Other charges consist of all the taxes as you may see in the table above. All of these taxes are levied in a different manner. They have all been defined by certain government policies. So, some of them follow the policies led down by the central government.

SEBI Turnover Charge, STT, GST and Margin Funding charges fall under this category. They’re levied at 0.002%, 0.0126%, 18% (over brokerage and transaction charges together) and 18% + GST respectively.

There are a few others that are levied as per State Government norms. Stamp Duty falls under this category. Anyway, it is a negligible charge as compared to the rest.

The clients are even charged for Reactivation, Account Closure and Dematerialization. These charges are imposed at Rs.55 and Rs.50 per segment and Rs.60 respectively.

Zen Securities Charges – Conclusion

This article told you all about Zen Money Demat charges, trading charges and other brokerages. This even educated you on matters of tax imposition by the company.

We believe that we did all we could to help you in this matter. Now that you’re aware about it all, you may choose to commence some more research on the company. Some of our other articles will help you in this or, you may directly go and register yourself as one of the company’s traders.

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