Zerodha is a discount stock broker offering trading services in Equity, Derivatives, Commodity and Currency segments at BSE, NSE & MCX to stock market investors in India.
Zerodha started its operations in 2010, offering deeply discounted brokerage service by leveraging the technology of online trading to keep the cost low. Zerodha disrupted the traditional online brokerage industry in just 3 years of its inception by making the discount brokerage model actually work. As of Nov 2016, Zerodha has market share of between 5% to 7% trades done at BSE & NSE.
While Zerodha is primarily focused on equity and commodity trading services, it also started offering add-on services like depository services (or demat account) and mutual funds.
Demat account is one of the key services offered by Zerodha. The service is part of its 2-in-1 account which offers customer an integrated trading account and a demat account for seamless transactions between them.
Zerodha is depository participant (DP) with Central Depository Services Limited (CDSL) depository.
Key features offered by Zerodha Demat Account include:
Zerodha charges ₹13.5 per scrip (irrespective of quantity) debited from demat account when stocks are sold.
For Mutual Funds, Zerodha charges ₹5.5 per MF (irrespective of quantity) debited from demat on redemption.
To open a new demat account with Zerodha, customer has to pay demat account opening fee. Most share brokers also charge Annual Maintenance Charges (AMC). AMC is yearly fee charged to the customer to maintain the demat account with the broker. Find the Zerodha Demat Account Opening Charges and Zerodha AMC as below:
|1||Demat Account Opening Charges||₹0|
|2||Stamp Charges payable upfront (at actuals)||₹50|
|3||Annual Maintenance Charges (AMC):|
|a. Individuals||₹300 Per Year + GST (Payable upfront every year)|
|b. Corporates||₹1000 + GST (Payable upfront every year)|
|4||Transaction Charges per ISIN (Market Trades):|
|a. Buy (Receive)||₹0|
|b. Sell(Debit)||₹8 + ₹5.50 flat for every debit transaction|
|5||Inter Depository Transfer (Off-Market Trades):|
|a. Buy (Receive)||NIL|
|b. Sell(Debit)||0.03% or ₹25 whichever is higher|
|6||Demat (Per certificate)||₹150|
|7||Remat (Per ISIN)||₹150 (Per certificate) + CDSL Charges|
|8||Courier charges per Demat/ Remat request||₹100|
|9||Pledge per ISIN||₹20 + ₹12 per request (CDSL Charges)|
|10||Unpledge per ISIN||₹20 + ₹12 per request (CDSL Charges)|
|11||Pledge Invocation per ISIN||₹20|
|a. By Email||Free|
|b. Physical||₹50 (Couier Charges)|
|13||Adhoc / Non Periodic Statement Requests:|
|a. By Email||₹10 per request|
|b. Physical||₹50 per request upto 10 pages. Every additional page at ₹5 (+Courier charges at actual)|
|a. First Delivery Instruction Book||Free (10 leaves)|
|b. Every Additional Booklet||₹100 (10 leaves)|
|15||Cheque Bounce/ Per cheque||₹350|
|16||Failed Transactions||₹50 per ISIN|
|17||Modification in CML||₹25 per request|
|18||KRA Upload / Download||₹50|
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