Zerodha Brokerage Charges ReviewLast Updated Date: Nov 16, 2022
In this article, we will cover in detail Zerodha charges like their brokerage charges, account opening charges, transaction charges & more.
Zerodha is the largest stockbroker in India that offers comprehensive opportunities to investors and traders to trade in all market segments. Here, we provide you with every Zerodha brokerage charges details. So, let’s get started.
Zerodha Brokerage Charges
This table gives you a table about Zerodha brokerage charges:
|Equity Delivery||Rs. 0|
|Equity Intraday||0.03% or Rs. 20/executed order whichever is lower|
|Equity Futures||0.03% or Rs. 20/executed order whichever is lower|
|Equity Options||Flat Rs. 20 per executed order|
|Currency Futures||0.03% or Rs. 20/executed order whichever is lower|
|Currency Options||0.03% or Rs. 20/executed order whichever is lower|
|Commodity Futures||Rs. 20 or 0.03% (whichever is lower)0.03% or Rs. 20/executed order whichever is lower|
|Commodity Options||0.03% or Rs. 20/executed order whichever is lower|
Zerodha is a discount brokerage company as you may know and thus the brokerage charges it levies on the trades of its customers are very nominal.
For equity delivery, they do not charge a penny as you can refer to the table given above. The table also states all the other brokerage charges for all the segments like equity intraday, futures, options, currencies, and commodities.
As you can see, the brokerage charges are the same across segments except for the equity options where it is a flat fee of Rs. 20 per executed order.
You can trade any volume within a single order and you just have to pay Rs. 20 as brokerage charges for that order.
To understand the products & services and facilities offered by Zerodha in detail, go to our Zerodha Review.
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Zerodha Account Opening Charges
Find below details regarding demat and trade charges of Zerodha:
|Account Opening Charges|
|Trading Charges [One Time]||Rs.200|
|Trading AMC [Yearly]||Rs.0|
|Demat Charges [One Time]||Rs. 200|
|Demat AMC [Yearly]||Rs. 300 + GST|
|Margin Money||Not required|
For opening an account with Zerodha, you need to pay a one-time fee of Rs. 200 and then every year Rs. 300 for annual maintenance.
However, there is Rs 200 charge for opening the trading account, neither there are annual maintenance charges levied on the trading account.
So, basically, you have to pay Rs. 300 + GST in order to maintain and use your account.
Also, you can easily check and compare your brokerage with our Zerodha Brokerage Calculator.
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Zerodha Transaction Charges
Get detailed about Zerodha transaction charges:
|Equity Delivery||NSE: 0.00345%|
|Equity Intraday||NSE: 0.00345%|
|Equity Futures||NSE: 0.002%|
|Equity Options||NSE: 0.053% (on premium)|
Exchange txn charge: 0.0009%
Exchange txn charge: 0.00022%
Exchange txn charge: 0.035%
Exchange txn charge: 0.001%
|Commodity Futures||Group A|
Exchange txn charge: 0.0026%
Exchange txn charge:
CASTORSEED – 0.0005%
KAPAS – 0.0026%
PEPPER – 0.00005%
RBDPMOLEIN – 0.001%
|Commodity Options||Exchange txn charge: 0.05%|
The transaction charges are the charges levied by the Depositories and here you can find all the details of the transaction charges at Zerodha. It varies across the asset class or segment you want to trade.
For instance, as you can see in the table, the transaction charge for equity intraday is 0.00345% at NSE and also at BSE while the transaction charge for equity options is 0.053% on the premium amount paid.
So, the transaction charges vary as per the segment you are trading in. You can find the transaction charges for all the segments in the table given above.
Zerodha Other Charges
Find information about other charges of Zerodha:
|Reactivation Charges||Rs 20 per instruction|
|Account Closure Charges||Rs 25 per instruction|
|Dematerialisation Charges||Rs 30 per instruction|
|Pledge Creation||Rs 30 per request|
|Pledge Invocation||Rs 20 per ISIN|
|Margin Pledge/Unpledge/ Pledge closure||Rs 9 + Rs 5 per request CDSL fee|
|Margin Repledge||Rs 2 CDSL Fee|
|Call & trade||Rs 50 per order|
|NRI brokerage charges||Rs 100 per order for futures and options.|
For a non-PIS account, 0.5% or Rs 100 per executed order for equity (whichever is lower).
For a PIS account, 0.5% or Rs 200 per executed order for equity (whichever is lower).
Rs 500 + GST as yearly account maintenance charges (AMC) charges.
|DP (Depository participant) charges||Rs 13.5 + GST per scrip|
|Corporate action order charges||Rs 20 plus GST|
|Off-market transfer charges||Rs 25 or 0.03% of the transfer value (whichever is higher).|
|Physical CMR request||First CMR request is free. Rs 20 + Rs 100 (courier charge) + 18% GST for subsequent requests.|
|Payment gateway charges||Rs 9 + GST (Not levied on transfers done via UPI)|
|Delayed Payment Charges||Interest is levied at 18% a year or 0.05% per day on the debit balance in your trading account.|
The other charges at Zerodha are also quite nominal like its brokerage charges. For reactivation of the account, you just need to pay Rs. 20 per instruction which is one of the lowest amongst the brokerage houses.
If you want to dematerialize your physical share certificates, then you have to pay Rs. 30 per instruction. Similarly, there is a charge for closing your accounts as well, which is Rs. 25 per instructions.
Now for pledge creation, Zerodha charges Rs. 30 per request while Rs. 20 per ISIN for pledge invocation. Zerodha also has facilities like call & trade for which it charges Rs. 50 per order placed.
Zerodha also provides services to the NRIs and the brokerage charge Zerodha levies on NRIs is Rs. 100 per order for the F&O segment trading.
For the equity segment, which is under a non-PIS account, the brokerage fee is Rs. 100 or 0.5% of the transaction per executed order ( whichever is lower).
For the PIS account, it is Rs. 200 or 0.5% per executed order (lower of the two). For the NRI account, the maintenance is Rs. 500+GST.
The DP charge is Rs. 13.5+GST per scrip, this is again quite low compared to other traditional brokerage houses.
There are many other facilities offered by Zerodha, and accordingly, very nominal charges are fixed for these facilities. You can find all the details of the additional other charges in the table given above.
Zerodha Regulatory & Government Charges
|SEBI Turnover Charges||Rs 10 / Crore|
|STT||Equity Delivery: 0.1% on both Buy and Sell|
Equity Intraday: 0.025% on the Sell Side
*Equity Futures: 0.01% on Sell Side
Equity Options: 0.05% on Sell Side(on Premium)
Commodity Futures: 0.01% on sell side (Non-Agri)
Commodity Options: 0.05% on sell side
Currency F&O: No STT
On Exercise transaction: 0.125%
Right to entitlement: 0.05% on sell side
|Stamp Duty||(On buy side only)Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%. Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX)|
|GST||18% on (Brokerage + Transaction Charge + SEBI Fee)|
Regulatory charges and statutory charges are levied by the government which they charge via the DP. So, at Zerodha, these charges are like Rs. 10 per crore transacted as SEBI turnover charges.
Then there is STT which varies as per segments and same as stamp duty. For instance, you can see the STT for equity delivery is 0.1% on both sides while it is 0.025% on the sell-side for equity intraday.
Again for equity futures, it is different, that is 0.01% on the sell-side. So, this way STT differs as per the segments the trader is trading. Stamp duty also varies like 0.015% on delivery on the buy-side only.
Then for the cash segment, it is 0.003%, for equity futures, it is 0.002%, and so on. The GST is the same across the country and across all DPs which is 18%.
Zerodha Brokerage Charges – Conclusion
Zerodha charges very cheap brokerage charges, and not only that, the additional charges, and transaction charges are also quite reasonable at this brokerage house.
You can compare and find how much money you can save on the cost of investment with Zerodha. This is highly beneficial for the active traders as well as investors also.
Zerodha Brokerage Charges FAQ
Here is the list of FAQs related to the Zerodha brokerage charges:
Does Zerodha Charge Brokerage?
Zerodha does impose a brokerage fee on all of its clients. Well, there is a certain level of relaxation provided by the stockbroker, i.e. the instrument Equity Delivery is free of brokerage. Clients are not required to pay any brokerage charge for investing in this segment, which is highly praiseworthy.
What are Zerodha Brokerage Charges?
Zerodha charges 0.03% or Rs. 20 whichever is lower for each order executed for all the trading segments except for equity options, for which it charges Rs. 20 per executed order – a flat fee. For equity delivery, there are no brokerage charges.
What is the Intraday Brokerage of Zerodha?
For the cash trading segment, the brokerage charge is 0.03% or Rs. 20 whichever is lower. For instance, you traded Rs. 50000 stocks in a day. So, the brokerage charge would be either Rs. 20 or 0.03% of Rs. 50000 which is Rs. 15. So, Zerodha will charge Rs. 15 as the brokerage charge for this order.
What Other Charges were levied by Zerodha?
There are a bunch of other charges that are levied, apart from the brokerage. There are account opening charges, AMC, margin amount, Transactional charges, SEBI turnover charges, STT, GST, margin funding, stamp duty, and a lot more similar charges.
Is Zerodha a discount broker?
Yes, Zerodha belongs to the new era of stock brokers, i.e. discount brokers to meet the shortcomings of the stock market. They also aim at making stock broking cheaper, as a result of which, they opt a fixed brokerage charges patterns, a flat rate for all volumes and asset classes.
Does Zerodha have Free Delivery?
Yes, Zerodha does provide the facility of Free delivery and if you want to take delivery of shares, you will not be charged a brokerage for the same. This is one of the many offers that Zerodha provides to the investors, which makes investing with this stockbroker worth it.
How much does Zerodha Charge for Options?
Options trading is gaining popularity and investors are turning towards it. There are two different segments in options, i.e. equity options and currency options. Investing in either of the categories attracts the same amount of brokerage, i.e. Rs.20 per trade.
What are Zerodha Transaction Charges?
Transaction charges are the charges that depositories levy on the transactions and the DP charges from their customers and transfer to depositories. Herewith Zerodha, the transaction charges are as given below –
- Equity Delivery – NSE: 0.00345% and on BSE: 0.00345%
- Equity Intraday – NSE: 0.00345% and on BSE: 0.00345%
- For Equity Futures – NSE: 0.002%
- Equity Options – NSE: 0.053% (on premium)
- Currency Futures – NSE: Exchange txn charge: 0.0009% and on BSE: Exchange txn charge: 0.00022%
- Currency Options- NSE: Exchange txn charge: 0.035% and on BSE: Exchange txn charge: 0.001%
- Commodity Futures – Group A – Exchange txn charge: 0.0026%; Group B:Exchange txn harge: CASTORSEED – 0.0005%
- KAPAS – 0.0026%
- PEPPER – 0.00005%
- RBDPMOLEIN – 0.001%
- Commodity Options – Exchange txn charge: 0.05%
What is the Demat AMC in Zerodha?
If you choose Zerodha as your stockbroker and choose to open an account with them, you have to pay a charge for account opening and AMC. AMC of Rs.300 is taken once every year, whereas the one-time account opening charges are extremely free for all the new investors.
Is Zerodha Brokerage Free?
No, Zerodha is not free of brokerage, but there sure is feasibility provided by this stockbroker. The feasibility is for the segment Equity Delivery, where the brokerage levies no charge. Clients of this stockbroker are expected to pay zero brokerage for trading in the segment Equity Delivery.
Is Zerodha costly?
No, Zerodha is a discount brokerage house that is one of its kind and brings the trend of discount brokerage in India. It is one of the cheapest brokerage houses in the country.
What are F and O in Zerodha?
F and O in Zerodha stand for futures and options. Futures refer to future contracts where you can buy or sell the underlying asset mentioned in the contract at a predetermined price and within a specified time. Options also give you the same right but no obligation which is there in a future contract.
For instance, if you buy a futures contract and an option ( call option) with a strike price of Rs. 2000 and the underlying asset is rice (suppose) at the expiry of the contracts, the price rose to Rs. 3000, so, you will execute both the contracts and make a profit.
However, if the price falls to Rs. 1000, will you want to execute them? No, isn’t it? However, the futures contract has to be executed as you are obliged to but with the option contract, there is no obligation on the option buyer.
How is profit calculated in Zerodha?
For calculating profit at Zerodha, you need to first calculate how much return your investment has generated. Then deduct the brokerage charges, additional charges if any, transaction charges, and statutory charges for deriving the real profit.
Does Zerodha have any charges?
Yes, Zerodha has all kinds of charges whether it is brokerage charges, transaction charges, statutory charges, or additional other charges. The thing is that the charges are very nominal.
Is Zerodha completely free?
No, for trading on the Zerodha platform you have to pay certain charges like brokerage, governmental, transactions, and others. It is only free for the equity delivery segment.
What are the hidden charges of Zerodha?
There are no hidden charges of Zerodha, you can find all the charges details here in the tables above. They levy charges only after letting the customers know and understand about the same. If you consider the other charges as hidden, then you can find all the other additional charges section.
Is Zerodha charging an annual fee?
The only annual fee charged by Zerodha is the Annual maintenance fee on the Demat account. There is no other annual fee on any other facilities. You just need to pay for what you trade.
Does Zerodha charge for both buy and sell?
It depends on the charges and the segment you are trading. While some charges are levied on both sides, some others are only levied on the buy or sell side.
How do I pay my Zerodha annual fee?
You can pay your annual fee via online transfer using the Zerodha trading application. It is the easiest way of paying the annual fees at Zerodha.
What is bracket order in Zerodha?
A bracket order is a type of order which you can opt for at Zerodha. This order type is about entering new positions in the cash segment only along with an exit or target and a stop-loss order. If and when the main target is executed, the system will also place the other two orders.
Then one of these two orders gets executed, (if they do) then the other one gets automatically canceled. The high-volume intraday trading must minimize their losses and maximize gains.
Why is income proof required for Zerodha?
For opening an account with any brokerage house, the income proof is much and so with Zerodha. It is required as the DP and the depository want to understand your financial standing, risk appetite, and other financial factors to offer the best products and also for verification.
How long does it take to withdraw from Zerodha?
At Zerodha, you can get the money transferred to your bank account linked with the trading account at Zerodha, within just 24 hours. You can place the withdrawal request online and from the time of placing the order, it will take around 24 hours or less to generate the return.
What is 60 days challenge in Zerodha charges?
This is an exciting opportunity offered by Zerodha where you have to trade for 60 trading days continuously and your net profit must be positive. You will be ranked as per your profits and this is a great opportunity for traders, not only in monetary terms but also for growing their network.