Zerodha’s fee structure is designed to be cost-effective and transparent. Zerodha offers brokerage-free trading for equity delivery trades and direct mutual funds, which is an attractive feature for investors.
For intraday trading and futures, Zerodha intraday charges are nominal fee of Rs 20 per trade or 0.03% of the trade value, whichever is lower.
And, for options trading, a flat fee of Rs 20 is charged per executed order. This means that irrespective of the size or segment of your trade, Zerodha ensures that the maximum Zerodha brokerage charges you pay for any transaction is Rs 20, making it a cost-efficient choice for traders and investors alike.
In this article, I have covered all types of charges that you need to pay for buying/selling stocks like Zerodha brokerage charges, Zerodha Intraday Charges, GST, STT, DP charges, and so on, and how much. Also, I have mentioned other charges that are non -recurring like AMC, GTT, BTST charges, and many more.
Zerodha Review 2024
Here are quick highlights about the Zerodha
- Your Trustworthy Partner: When it comes to your money, you can count on Zerodha. They’re like the rock-solid friend you can trust with your cash.
- Trading on a Budget: Even when you do pay, Zerodha keeps it simple – just Rs 20 per trade. That’s a lot less than what other guys charge. It’s like a discount store for trading!
- Turning Small into Big: If you’re into quick trading, Zerodha can help you make more money by letting you use some extra cash (Zerodha brokerage charges up to 20 times) to make your bets in the market.
- Super Cool Tools: Zerodha offers the most advanced online trading tools such as Kite, Console, Coin, Sensibull, Streak, Varsity, and Smallcase.
- Made for All: Suitable for all kinds of investors including active and passive investors, beginners, active traders, and algo traders.
In case you want my detailed and honest review of Zerodha, I’m happy to explain with my own experience, you can read here Is Zerodha Good For Beginners In India 2024? Honest Review
Also, in case you want to Transfer Shares From Upstox To Zerodha, check the complete step by step process.
Also Check: How to Do Intraday Trading in Zerodha 2024 (5 Simple Steps)
What are Brokerage Charges of Zerodha?
Zerodha is a prominent online brokerage firm based in India, and they offer trading services for stocks, commodities, and derivatives on various exchanges in India. Zerodha charges include brokerage charges, Demat, and trading account opening charges, Transaction Charges, call and trade charges, margin funding charges, etc.
What is BO ID in Zerodha & How to Find The BO ID?
I have listed all the Zerodha charges in this article that you must know.
Zerodha Charges List 2024
Zerodha Account Opening Charges
To open a Zerodha account online, you need to pay Rs 200 for a demat account opening. Zerodha will simultaneously open trading accounts for free. Once you open the account, you can do intraday, equity F&O, and currency F&O trading. And, if you want an MCX commodity account, then you need to pay an additional Rs 100.
If you want to open a zerodha account offline, then you need to pay Rs 400 for an Equity trading and demat account and Rs. 600 for an Equity trading, demat, and commodity account.
Here are the summarised details of zerodha account opening charges online and offline:
Transaction | Zerodha Account Opening Charges |
Online Trading & Demat Account Opening (Intraday, equity F&O and currency F&O trading) | Rs 200 |
Online Trading & Demat Account Opening (Intraday, equity F&O, currency F&O, and MCX commodity trading) | Rs 300 |
Offline Trading & Demat Account Opening (Intraday, equity F&O, and currency F&O trading) | Rs 400 |
Offline Trading & Demat Account Opening (Intraday, equity F&O, currency F&O, and MCX commodity trading) | Rs 600 |
You can also compare once our in-depth review on based on revenue, brokerage charges, features, and my point of view: Groww vs. Zerodha
Zerodha Annual AMC
You need to pay Zerodha brokerage AMC Charges (Account Maintenance Charges) of Rs 300 per year.
Zerodha Brokerage Charges 2024
Zerodha follows a fixed brokerage model wherein it charges a flat Rs 20 or 0.03% (whichever is lower) per executed order. It charges zero brokerage on equity delivery. It means you only pay a maximum of Rs 20 brokerage charges whether you’re buying or selling stocks of Rs 1,000 or Rs 1,00,000 of stock.
Here are the complete Zerodha Brokerage Charges
Trading Segment | Zerodha Brokerage Charges |
Equity Delivery | Rs 0 (Free) |
Equity Intraday | Flat Rs 20 or 0.03% (whichever is lower) per executed order |
Equity Future | Flat Rs 20 or 0.03% (whichever is lower) per executed order |
Equity Options | Flat Rs 20 per executed order (on Turnover) |
Currency Futures | Flat Rs 20 or 0.03% (whichever is lower) per executed order |
Currency Options | Flat Rs 20 or 0.03% (whichever is lower) per executed order |
Commodity | Flat Rs 20 or 0.03% (whichever is lower) per executed order |
In case you are looking for brokerage free demat and trading account: Which is Better Finvasia or Zerodha in 2024?
Zerodha Delivery Charges
Equity delivery in Zerodha is completely free.
Zerodha Brokerage Charges For Intraday
Zerodha charges flat Rs 20 per executed order or 0.03% (whichever is lower) on both sides.
Here are complete charges list that Zerodha charges for equity delivery and equity intraday:
What next? Start here: How to Do Intraday Trading in Zerodha 2024?
Zerodha F&O Charges
Zerodha Futures brokerage charge is flat Rs 20 per executed order or 0.03% (whichever is lower). Options charges are at flat Rs 20 per executed order. You also have to pay taxes like STT, Transaction Fee, GST, SEBI charges, and Stamp Duty.
Charge Type | Equity Futures | Equity Options |
Brokerage | Flat Rs 20 or 0.03% (whichever is lower) | Flat Rs 20 per executed order |
Securities Transaction Tax (STT) | 0.0125% on the sell side | 0.0625% on the sell side (on premium) |
Transaction / Turnover Charges | NSE: 0.0019% (each side) | NSE 0.05% (each side) (on premium) |
Goods and Services Tax (GST) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) |
SEBI Charges | 0.0001% (Rs 10 per Crore) | 0.0001% (Rs 10 per Crore) |
Stamp Duty | 0.002% (Rs 200 per crore) on buy-side | 0.003% (Rs 300 per crore) on buy-side |
Your Next Step: How to do Options Trading in Zerodha Kite App 2024?
How are Zerodha Brokerage Charges Calculated?
Total cost of trade = (Total trade value x Brokerage) + Transaction charges + STT + GST + SEBI charges + Stamp duty
Let’s go through a practical example to understand Zerodha Brokerage Charges. Suppose you want to execute an intraday trade for buying 1000 shares of Company X at a price of Rs. 100 per share, and you plan to sell them on the same trading day at the same price. Here is the classification of Zerodha intraday charges:
Zerodha Brokerage Charges | (Rs. 100,000 * 0.0003) or Rs. 20. So, for this trade, the brokerage cost is Rs. 20. |
Transaction charge | Rs. 100,000×0.00345% = Rs. 3.45 |
STT | Rs. 0 (as there is no STT on the buying side) |
SEBI Charges | 10 per crore + GST on Rs. 100,000 = Rs 0.12 |
GST charges | 18% of (brokerage +SEBI charges + transaction charges) which is 0.18 x ( 20+0.12+3.45) = 4.22 |
Stamp duty charges | 0.003% on Rs 1 Lac = Rs. 3 |
Total charges | Rs. 20 in brokerage plus Rs. 10.79 taxes (20+3.45+0+0.12+4.22+3) Thus, you need to pay Rs. 30.79 for an intraday trade of Rs. 1 Lac |
What Next? Open Zerodha Trading Account Today and start learning How To Make Money Trading With Candlestick Charts?
Zerodha Brokerage Charges Calculator
If you want to compute the above brokerage charges in Zerodha by your own, you can use the Zerodha Brokerage charges calculator to get the estimation of all charges in advance:
Link: Zerodha Brokerage Charges Calculator
Zerodha Margin Exposure
Zerodha margin exposure is often referred to as “Zerodha Exposure” or “Zerodha Margin. It is the facility provided by Zerodha that allows traders and investors to trade with higher leverage by using a portion of their own capital as a margin. This means you can take larger trading positions with a relatively smaller amount of your own funds.
Segment | Margin | Leverage |
Equity Delivery | 100% of trade value | 1x |
Equity Intraday | Up to 20% of trade value | 5x |
F&O (Equity, Currency and Commodities) | 100% of NRML margin (Span + Exposure) | 1x |
Also Read: What is Delivery Margin in Zerodha Kite?
Zerodha Other Charges List
Zerodha Call and Trade Charges
If you want the Zerodha team to execute trade on your behalf, then you need to pay Rs. 50 per order for placing an order using Zerodha’s Dealer desk, Customer care, or RMS team. zerodha brokerage charges. Call and trade charges include the following trades:
- successfully placed a buy/sell order
- executed orders
- rejected orders
- cancelled orders
Zerodha DP charges
You need to pay DP charges whenever you sell shares from your demat account. Zerodha DP charges are Rs. 13.50 per scrip per day. Please note that these are the fixed charges irrespective of the number of shares you are selling.
For example: whether you sell 1 share or 1000 shares of Tata Motors, Zerodha will debit Rs. 13.50 from your demat account.
But, when you sell shares of 2 companies, then it will charge Rs. 13.50 + Rs. 13.50 = Rs. 27 as DP charges.
Zerodha Fund Transfer Charges
As you know you need to transfer funds from your bank account to the Zerodha account to execute trades, here Zerodha doesn’t charge any amount if you transfer funds through UPI and IMPS. But, yes if you transfer funds through net banking, then you need to pay an extra Rs. 9 per transaction.
Here is the summary of Zerodha fund transfer charges
Mode used to transfer/add funds | Payment Gateway Charges |
UPI | Rs. 0 |
IMPS | Rs. 0 |
Net banking (internet banking) | Rs. 9 |
Zerodha Fund Withdrawal Charges
Zerodha doesn’t charge any fee for transferring funds from your trading to your bank account.
Zerodha Charges for Cancelled Orders
If you cancel an order, be it manually, auto-cancellation, or even due to the shortage of funds in the demat account, Zerodha doesn’t charge any fee for cancelled orders.
Zerodha Charges for GTT Orders
GTT means Good Till Trigger. It is a type of order that allows traders and investors to set specific price conditions for their trades and keep the order active until those conditions are met. Once the conditions are met, your order will be executed on the trade exchange (NSE/BSE).
The Brokerage charges are the same as applicable in intraday trading to buy/sell the shares after GTT is triggered.
Zerodha Charges for BTST Orders
BTST means buy today and sell tomorrow. BTST orders are equity delivery or CNC, hence, zerodha doesn’t charge any brokerage on BTST trades. Yes, but keep in mind that Zerodha charges Rs. 13.50 per stock per day wherever you sell the stocks from your holdings.
Zerodha Auto Square-Off Charges
Firstly let me inform you about the auto square off timings:
Segment | Equity intraday | Equity F&O | Currency F&O | Commodity F&O |
Square off time | 3:20 pm | 3:25 pm | 4:45 pm | 25 min before close. |
In case, you miss squaring off your trades in the above square-off time, Zerodha will charge an additional charge of Rs 50 per executed order for MIS/BO/CO positions.
Brokerage Charges in Zerodha For NRI Trading and Demat Account
Zerodha NRI Account Opening Charges
If you want to open a Zerodha NRI trading and demat account, then it can be opened offline only and the fee for opening an account is Rs. 500.
Zerodha NRI Account AMC Charges
Zerodha charges Rs. 500 annually (125 per quarter) for AMC charges.
Zerodha NRI Brokerage charges for Equity
Difference between PIS and Non-PIS trading account
The primary difference between PIS trading and non-PIS trading accounts in Zerodha is related to the eligibility of the account holder and the associated regulations.
PIS accounts are meant for NRIs, require RBI approval, have investment limits, and allow for repatriation of funds, while non-PIS accounts are for Indian residents, do not require RBI approval, have no investment limits, and do not permit repatriation of earnings to foreign accounts.
PIS trading and demat account | Non-PIS trading and demat account |
Lower of 0.5% or ₹200 per executed order | Lower of 0.5% or ₹100 per executed order |
Banks charge up to Rs 300 per contract note (per day of trading) for handling TDS. | NIL |
Banks charge an additional AMC of up to Rs 1500 per year in addition to a demat AMC of Rs. 500. | Only demat AMC of Rs. 500 applies |
NRI Brokerage Charges for F&O
Zerodha allows NRIs to trade in F&O only through a custodial account and its custodian partner is Orbis Financial Corporation Limited (SEBI registered).
Zerodha brokerage charges for F&O | Rs. 100 per order |
Additional charges by Orbis | Rs. 150 per crore for futures and Rs. 1500 per crore for options as clearing charges on a monthly basis. |
Conclusion on Zerodha Brokerage Charges
In conclusion, Zerodha’s brokerage charges stand out for their transparency and cost efficiency. With zero brokerage for equity delivery and competitive flat fees for other segments, Zerodha offers a pocket-friendly trading experience.
Their commitment to providing advanced trading tools and platforms further enhances the value they bring to traders and investors.
Frequently Asked Questions
What are Zerodha brokerage charges?
Zerodha follows a fixed brokerage model wherein it charges a flat Rs 20 or 0.03% (whichever is lower) per executed order. It charges zero brokerage on equity delivery.
Is Zerodha brokerage high?
Zerodha has flat brokerage charges which are comparatively low compared to other full-service brokers.Â
What are intraday brokerage charges in Zerodha?
Zerodha intraday brokerage charges are flat Rs 20 or 0.03% (whichever is lower) per executed order
Does Zerodha charge for intraday loss?
Yes, Zerodha charges a flat Flat ₹ 20 or 0.03% (whichever is lower) per executed order on intraday loss trades across equity, currency, and commodity trades
How to calculate brokerage fees in Zerodha?
Brokerage fee in zerodha is calculated as follows (Total trade value x Brokerage) + Transaction charges + STT + GST + SEBI charges + Stamp duty
Does Zerodha charge for both buying and selling?
Zerodha Equity delivery charges are 0.1% on both Buy and Sell and for Equity Intraday 0.025% on the Sell Side.Â