Zerodha Account Opening Charges
Opening an online Demat account requires a minimal fee of Rs. 200, and the trading account is concurrently established at no additional cost. This combined account allows you to engage in intraday trading, equity F&O, and currency F&O activities. However, an additional Rs. 100 is applicable if you wish to include an MCX commodity account.
For those opting for offline account opening, the charges are as follows
– Equity trading and demat account: ₹400
– Equity trading, demat, and commodity account: ₹600
Here’s the information on Zerodha Annual AMC, AMC Charges, and Brokerage Charges for 2023:
Zerodha Annual AMC (Account Maintenance Charges)
To maintain your account with Zerodha, you are required to pay Rs 75 per quarter as AMC charges, totaling Rs 300 per year.
Zerodha AMC Charges – Rs 300
If you prioritize a free Demat account with zero AMC charges, you may consider an Upstox account. However, Zerodha stands out with better delivery charges, customer support, and enhanced trading platforms compared to Upstox.
Zerodha Brokerage Charges
Brokerage is the fee charged by Zerodha for each trade conducted on their platform. Zerodha follows a flat fee structure, where you pay ₹20 per trade, irrespective of the trade size.
For instance, whether you’re transacting ₹1,000 or ₹1,00,000 worth of stocks, the brokerage remains fixed at ₹20. This contrasts with full-service brokers like ICICI Direct, which charges 0.55% on delivery and 0.275% on intraday trades under the I-Square plan, resulting in a higher brokerage of Rs 275 for a trade worth 1 lakh.
Zerodha Trading Segment Charges
– Equity Delivery: Rs. 0
– 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
When it comes to equity delivery in Zerodha, there are no charges involved, making it a cost-free service.
Zerodha Intraday Charges
For intraday trading on Zerodha, the charges are calculated as the lower of Rs. 20 or 0.03% per executed order, irrespective of the trading volume. This fee structure is advantageous for both high-volume traders and those involved in smaller trades.
For instance, if your trade is valued at Rs 10,000, Zerodha will charge Rs 3 for intraday trading, not the full Rs 20. However, for a larger trade of 10,00,000, a fixed charge of Rs 20 will be applied. This flexible approach caters to traders of varying volumes, ensuring fair and affordable intraday charges.
Zerodha F&O Charges
For futures and options (F&O) trading on Zerodha, the charges are as follows:
Equity Futures
– Rs. 20 or 0.03% per executed order, whichever is lower.
Equity Options
– A flat fee of 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.
If you choose to pledge shares for collateral margin in the F&O segment, an additional fee is applicable:
Pledging Charges
– Rs. 30 per pledge request.
This transparent fee structure simplifies the cost associated with trading in the F&O segment on Zerodha, ensuring clarity for traders.
Government Taxes and Other Zerodha Charges
In addition to brokerage charges, there are various government taxes and other charges associated with trading on Zerodha:
Transaction Charges
A small transaction charge is applied to every trade and is set by NSE & BSE. It is calculated on the total traded value and rounded off to the nearest paisa.
– NSE Transaction Charges: 0.00345%
– BSE Transaction Charges: 0.00375%
STT (Securities Transaction Tax)
STT is levied by the government and is a percentage of the total traded value of the security.
– Equity Delivery: 0.1% on both buy & sell.
– Equity Intraday: 0.025% on the sell side only.
GST (Goods and Services Tax)
GST, levied by the government on broker services, is 18% of the brokerage fee, SEBI charges, and transaction fee.
SEBI (Securities and Exchange Board of India) Charges
Zerodha charges ₹10 per crore traded as SEBI charges.
Stamp Duty
Stamp duty, a state government tax on securities transfer, varies across states. Zerodha collects 0.015% on equity delivery and 0.003% on intraday trades on the buy side.
DP (Depository Participant) Charges
Charged by CDSL / NSDL when selling shares from the demat account, Zerodha levies ₹13.50 per scrip per day for debiting securities.
Zerodha Call and Trade Charges
For placing an order through Zerodha’s Dealer desk, Customer care, or RMS team, a fee of Rs. 50 per order is charged. This fee covers all aspects of the order process, including successfully placed buy/sell orders, executed orders, rejected orders, and cancelled orders.
Zerodha Mutual Funds Charges
Investing in direct mutual funds of any company through Zerodha incurs no charges. Zerodha allows users to invest in mutual funds without any fees, promoting easy and cost-effective investment.
Zerodha Charges Calculator
Zerodha provides a Charges Calculator to estimate various charges associated with trading. This tool aids users in getting a prior understanding of the costs they may incur during their trading activities.
Zerodha Other Charges List
Apart from regular trading charges, Zerodha also applies charges in other scenarios:
Zerodha DP Charges
DP charges are relevant when selling shares from the Demat account. Zerodha charges Rs. 13.50 per day per scrip for the shares sold, regardless of the quantity. Whether selling 1 share of SBI or 1000 shares, the charge remains Rs. 13.50. If selling shares of multiple companies, the charges accumulate accordingly. For example, selling 1 share each of SBI and Reliance results in Rs. 27 as DP charges.
These additional charges contribute to the overall cost structure and are important for users to consider in their trading decisions.
Zerodha Charges for Cancelled Orders
Zerodha does not impose charges for canceled orders, regardless of the reason for cancellation. Orders can be canceled manually, auto-canceled by the system, or rejected due to insufficient funds or any other reason.
Zerodha Fund Transfer Charges
Zerodha offers various options for adding funds to your trading account, such as UPI, IMPS, and Net banking.
– UPI & IMPS Options: These options are free of charge.
– Net Banking (Internet Banking): If you choose to add funds through net banking, a charge of Rs. 9 per transaction is applicable.
Funds added through these methods become immediately available for trading, providing flexibility and convenience to users.
Zerodha Fund Withdrawal Charges
Zerodha provides a seamless fund withdrawal process without imposing any charges. Users can withdraw funds from their trading account to their linked bank account with zero fees.
Zerodha STT Charges
Securities Transaction Tax (STT) is a direct tax applicable to the purchase and sale of securities through Zerodha. The STT charges are paid to the central government of India, and the rates for various trading segments are as follows:
– Equity Delivery: 0.1% on both buy and sell transactions.
– Equity Intraday: 0.025% on the sell side only.
– Equity Futures: 0.01% on the sell side.
– Commodity Futures: 0.01% on the sell side (Non-Agri).
– Commodity Options: 0.05% on the sell side.
– Currency F&O: No STT charges are applied.
Zerodha Charges for GTT
Zerodha does not levy any charges for using the Good Till Trigger (GTT) feature. GTT allows users to set trigger conditions for buying or selling shares at specific prices. When these conditions are met, a limit order is automatically placed on BSE/NSE. Regular brokerage charges apply once the order is executed post-GTT triggering.
GTT is applicable for
– CNC type orders in the Equity Cash segment on NSE & BSE.
– NRML type orders in the Equity Derivatives segment on NSE.
Zerodha Charges for BTST
Zerodha offers zero brokerage charges on Buy Today Sell Tomorrow (BTST) trades. However, there is a Demat Account (DP) charge of ₹13 per stock per day when selling the next day.
Zerodha Charges for Auto-square Off
Auto-square off, considered a “Call and Trade” facility by Zerodha, incurs a charge of Rs. 50 per order. This charge is applied when the system automatically squares off all open intraday positions at or after the designated cut-off time for different segments.
– Equity Intraday: Cut-off time at 3.20 pm.
– Equity F&O: Cut-off time at 3.25 pm.
– Currency F&O: Cut-off time at 4.45 pm.
– Commodity F&O: 25 minutes before close.
Zerodha Charges for Coin
Zerodha Coin, the platform for investing in mutual funds, imposes the following charges:
Mutual funds: Free of charge.
– G-sec, T-bills & SDLs: 0.06% on the total investment value.
Zerodha Smallcase Charges
For Smallcase transactions, a flat fee of Rs 100 per transaction is applicable. If you opt for the SIP route for Smallcase investments, an additional charge of Rs. 10 is levied.
Zerodha Charges for Optional Value Added Services
Zerodha offers various optional value-added services with associated charges:
StockReports+
– Bill Frequency: Monthly / Bi-annually / Annually
– Charges: Rs. 150 / Rs. 810 / Rs. 1440
Screener
– Bill Frequency: Monthly / Quarterly / Bi-annually / Annually
– Charges: Rs. 100 / Rs. 285 / Rs. 540 / Rs. 960
Smallcase
– Per transaction charge: Rs. 100
Sensibull
– Bill Frequency: Monthly
Charges
– Free (0) for basic version
– Lite: Rs. 800
– Pro: Rs. 1300
Streak
– Bill Frequency: Monthly
Charges
– Regular: Rs. 690
– Ultimate: Rs. 1400
Kite Connect
– Bill Frequency: Monthly
Charges
– Connect: Rs. 2000
– Historical: Rs. 2000
Zerodha Charges For NRI Trading and Demat Account
For NRI trading and demat accounts, the account opening process is available only offline. NRIs can choose between a PIS account or a Non-PIS account.
Account Opening Fees: Rs. 500
AMC Charges: Rs. 125 per quarter (Rs. 500 annually)
NRI Brokerage Charges for Equity
For PIS and Non-PIS trading and demat accounts, the brokerage charges for equity are as follows:
PIS Account
– Lower of 0.5% or ₹200 per executed order
Non-PIS Account
– Lower of 0.5% or ₹100 per executed order
Additionally
– Banks charge up to Rs 300 per contract note (per day of trading) for handling TDS in the case of PIS accounts.
– For PIS accounts, banks charge an additional AMC of up to Rs 1500 per year in addition to the demat AMC of Rs. 500.
NRI Brokerage Charges for F&O
NRIs can participate in F&O trading through a custodial account, with Orbis Financial Corporation Limited as Zerodha’s custodian partner.
Zerodha Brokerage Charges for F&O: ₹100 per order
Orbis Financial Corporation Limited additionally charges ₹150 per crore for futures and ₹1500 per crore for options as clearing charges on a monthly basis.
What to do next?
Zerodha stands out as an excellent discount broker suitable for both beginner and professional DIY traders. If you conduct your own research, you can engage in over a crore volume of share trading on Rs. 5000 per month (10 trades x Rs. 20 brokerage x 25 days).
