Introduction
Zerodha, India’s top stockbroker, offers online flat fee discount brokerage services for Equity, Currency, Commodity, IPO, Futures & Options, Bonds, Govt. Securities, and Direct Mutual Funds.
Zerodha charges no brokerage for equity delivery and direct mutual funds. For intraday and Futures, it’s a flat Rs 20 or 0.03% (whichever is lower) per trade. For Options, it’s Rs. 20 per order. So, the maximum brokerage is Rs 20 for any transaction size.
Zerodha Review 2023
Zerodha shines as the finest stock broker today. They provide a great online trading platform, low brokerage fees, and are known for transparency. Their continuous improvements made them India’s fastest-growing fintech company. Key strengths include:
- Being the largest stockbroker in clients, market volume, and new customers.
- A trustworthy and reliable broker.
- Offering advanced online trading tools.
- No brokerage for Equity Delivery and Mutual Funds.
- Max brokerage is Rs 20 per trade, saving you 60% to 90% compared to others.
- Up to 20x leverage for intraday trading.
- Zero Commission Direct Mutual Funds.
- Suitable for all types of investors, from beginners to algo traders.
Zerodha leads in technology, offering multiple trading software: Zerodha Kite (web and mobile trading), Coin (mutual fund platform), Varsity (investor education), Trading Q&A, and more. They also have Smallcase (thematic investments), Streak (algo & strategy platform), Sensibull (options trading), GoldenPi (bonds trading), and Ditto (insurance).
Zerodha’s safety factors:
- Low complaints compared to clients.
- A debt-free company.
- No Margin Funding.
- Client securities are separate.
- No proprietary Trading with client funds.
Zerodha Account Opening Charges
You need to pay account opening charges to the broker so that he will provide you with a trading account that you can use to carry out transactions in the stock market. To maintain this trading account broker charges an annual fee which is called AMC (annual maintenance charge).
| Transaction | Charges |
| Trading & Demat Account Opening | Rs 200 |
| Trading Account AMC | Rs 0 |
| Demat Account AMC | Rs 300 per year |
Zerodha Brokerage Charges 2023
Brokerage charge is the commission of the broker for each trade carried out on its platform.
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. The maximum brokerage chargeable per order is Rs 20.
| Trading Segment | 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 |
| Mutual Fund | Rs 0 (Free Unlimited Direct MF) |
Zerodha Equity Charges
Zerodha charges Rs 0 (no brokerage) for equity delivery trades. For intraday trading, they charge flat Rs 20 per executed order or 0.03% (whichever is lower) on both sides.
| Charge Type | Equity Delivery | Equity Intraday |
| Brokerage | Rs 0 (No Brokerage) | Flat Rs 20 or 0.03% (whichever is lower) |
| Securities Transaction Tax (STT) | 0.1% on both Buy and Sell | 0.025% on the Sell Side |
| Transaction / Turnover Charges | NSE: 0.00325% | BSE: 0.00375% per trade (each side) | NSE: 0.00325% | BSE: 0.00375% per trade (each side) |
| Goods and Services Tax (GST) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) |
| SEBI Charges | 0.0001% (Rs 10/Crore) | 0.0001% (Rs 10/Crore) |
| Stamp Charges | 0.015% (Rs 1500 per crore) on buy-side | 0.003% (Rs 300 per crore) on buy-side |
Zerodha F&O Charges
Zerodha Futures brokerage charge is flat Rs 20 per executed order or 0.03% (whichever is lower). Options charges are 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 |
| Securities Transaction Tax (STT) | 0.0125% on the sell side | 0.0625% on 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/Crore) | 0.0001% (Rs 10/Crore) |
| Stamp Charges | 0.002% (Rs 200 per crore) on buy-side | 0.003% (Rs 300 per crore) on buy-side |
Zerodha Currency Charges
Zerodha currency futures brokerage charge is flat Rs. 20 per executed order or 0.03% (whichever is lower) and currency options charges are flat Rs. 20 per executed order. In addition to brokerage, the customer has to pay taxes like STT, Transaction Fee, GST, SEBI charges, and Stamp Duty.
| Charge Type | Currency Futures | Currency Options |
| Brokerage | Flat Rs 20 or 0.03% (whichever is lower) | Flat Rs 20 |
| Securities Transaction Tax (STT) | No STT | No STT |
| Transaction / Turnover Charges | NSE: 0.0009% | BSE: 0.00025% | NSE: 0.035% | BSE: 0.001% (on premium) |
| Goods and Services Tax (GST) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) |
| SEBI Charges | 0.0001% (Rs 10/Crore) | 0.0001% (Rs 10/Crore) |
| Stamp Charges | 0.0001% (Rs 10 per crore) on buy-side | 0.0001% (Rs 10 per crore) on buy-side |
Zerodha Commodities Charges
Zerodha commodity futures brokerage charge is flat Rs 20 or 0.03% (whichever is lower) per executed order. Commodity Options brokerage charge is flat Rs. 20 per executed order. Along with this, customers have to pay taxes like STT, Transaction Fee, GST, SEBI charges, and Stamp Duty.
| Charge Type | Commodity Futures | Commodity Options |
| Brokerage | Flat Rs 20 or 0.03% (whichever is lower) | Flat Rs 20 |
| Securities Transaction Tax (STT) | 0.01% on sell side (Non-Agri) | 0.05% on sell side |
| Transaction / Turnover Charges | Group A: Exchange txn charge: 0.0026% Group B: Exchange txn charge: Pepper – 0.00005%, Castorseed – 0.0005%, Rbdpmolein – 0.001% | Rs 0 |
| Goods and Services Tax (GST) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) |
| SEBI Charges | Agri: 0.00001% (Rs 1/Crore) | Non-agri: 0.0001% (Rs 10/Crore) | 0.0001% (Rs 10/Crore) |
| Stamp Charges | 0.002% (Rs 200 per crore) on buy-side | 0.003% (Rs 300 per crore) on buy-side |
Note: SEBI charges for Agri products is 0.00001% (Rs 1/Crore).
Zerodha Charges for Optional Value-Added Services
| Services | Bill Frequency | Charges in Rs. |
| StockReports+ | Monthly / Bi-annually / Annually | 150/ 810/ 1440 |
| Screener | Monthly / Quarterly / Bi-annually / Annually | 100/ 285/ 540/ 960 |
| Smallcase | Per transaction | 100 |
| Sensibull | Monthly | Free: 0 Lite: 0 Pro: 0 |
| Streak | Monthly | Regular: 690 Ultimate: 1400 |
| Kite Connect | Monthly | Connect: 2000 Historical: 2000 |
Zerodha Fee Structure
- Securities Transaction Tax (STT): This is charged only on the sell side for intraday and F&O trades. It is charged on both sides for Delivery trades in Equity.
- Transaction Charges (Exchange Turnover Charges): This fee is charged by the stock exchanges for using their trading platform.
- Goods and Services Tax (GST): This is charged at 18% of the total cost of brokerage plus SEBI charges and transaction charges.
- SEBI Charges: This is charged at Rs 10 per Crore.
- Stamp Duty: Eq Delivery – 0.015% (buy side), Eq Intraday – 0.003% (buy side)
Zerodha other Charges
Zerodha brokerage other charges include call & trade charges, position squared-off by broker, and SMS trade alerts as explained below:
- Call and Trade feature is available at an extra cost of Rs 50 per call.
- An additional charge of Rs 50 per executed order for MIS/BO/CO positions that are not squared off by the customer.
- Digital Contract notes are sent via Email. Physical copies of contract notes can be ordered at an additional charge of Rs 20 per contract. Courier charges are extra.
- Trade SMS alerts (optional) are charged at Rs 1 for Equity, F&O, and Currency trade alerts and Rs 0.50 for Commodity trade alerts.
- Instant payment gateway charges for over 22 banks: Rs 9 per fund transfer.
- DP charges for delivery-based equity selling: Rs 13.5 + GST per transaction.
FAQs
Does Zerodha take 200 Rs?
Zerodha charges Rs 300 plus GST annually for Individual, HUF, and partnership firms as Account Maintenance Charge (AMC). It charges Rs 200 as an online account opening charge for Equity trading and demat accounts, according to the website.
Can I withdraw 100% from Zerodha?
There is no upper limit to the amount of money that can be withdrawn from the trading account.
Thank you for taking the time to read this blog post. I hope you found it informative and enjoyable. I would love to hear your thoughts on the topic and any suggestions you may have for future posts. Please feel free to leave a comment below.
If you found this article helpful, please share it with your friends and colleagues. Your support means a lot to me and helps me to create more valuable content in the future.
Thank you again for your time and support!