Zerodha Brokerage Charges, Fees, AMC, Transaction Charges 2021


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Zerodha is an online discount broker that offers a fixed, flat-fee brokerage plan to customers. It charges zero brokerage on equity delivery trades. The maximum brokerage charged by the stockbroker is Rs 20 per order across all trading segments. The lowest brokerage charged is 0.03% of the trade value. In addition to brokerage, a trader also needs to pay various charges. Some of the common Zerodha charges are explained below:

Zerodha Charges 2020

  1. Zerodha account opening fees: Rs 200 online and Rs 400 offline account opening.
  2. Zerodha AMC charges for demat account: Rs 300
  3. Zerodha Equity Delivery Brokerage: Rs 0 (Free)
  4. Intraday charges zerodha: Rs 20 or 0.03% per executed order whichever is lower

Zerodha Account Charges

Zerodha offers stock trading account and Demat account services. Customer pays the fees, commission and taxes while trading with Zerodha. Zerodha fee structure and trading commission rates are explained as below.

To open Zerodha account you have to pay account opening charges and annual maintenance charges (AMC).

Zerodha Account Open Charges | Zerodha AMC 2021

TransactionFee
Trading Account Opening Charges (One Time)Rs 200
Trading Annual Maintenance Charges AMC (Yearly Fee)Rs 0 (Free)
Demat Account Opening Charges (One Time)Rs 0
Demat Account Annual Maintenance Charges AMC (Yearly Fee)Rs 300
Special Offer: Brokerage free equity delivery trading (no commission) + Flat Rs 20 Intra-day and F&O trades. Get the offer

Zerodha Brokerage Charges 2021

Customer pays a commission (brokerage) when buying or selling stocks through Zerodha. The brokerage charges for equity, commodities and currency derivative trading for Zerodha are explained as below.

Zerodha Flat Brokerage Plan

SegmentBrokerage Fee
Monthly Fee (Fixed)
Equity DeliveryRs 0 (Free)
Equity IntradayRs 20 per executed order or .03% whichever is lower
Equity FuturesRs 20 per executed order or .03% whichever is lower
Equity OptionsRs 20 per executed order
Currency FuturesRs 20 per executed order or .03% whichever is lower
Currency OptionsRs 20 per executed order or .03% whichever is lower
Commodity FuturesRs 20 per executed order or .03% whichever is lower
Commodity OptionsRs 20 per executed order or .03% whichever is lower
Zerodha Special Offer

Free Equity Delivery Trading

Get free equity delivery trading (truly no brokerage) and pay flat Rs 20 brokerage for Intraday and F&O trades. To open an account with Zerodha, simply leave your contact information with us and Zerodha representatives will call you.


Zerodha Demat Account Charges 2021

The Demat account transactions are charged separately from the trading commission. Find Zerodha Demat account charges 2021.

Zerodha Demat Charges

Zerodha demat account opening is free. It is part of the trading account opening fee of Rs 200. Zerodha charge Rs 300 per year demat account AMC that is payable upfront every quarter. Zerodha demat debit transaction charge in Rs 13.50 per debit transaction.

ID Transaction Charges
1 Demat Account Opening Charges Rs 0
2 Stamp Charges payable upfront (at actuals) Rs 50
3 Annual Maintenance Charges (AMC):
  a. Individuals Rs 300 Per Year + GST (Payable upfront every year)
  b. Corporates Rs 1000 + GST (Payable upfront every year)
4 Transaction Charges per ISIN (Market Trades):
  a. Buy (Receive) Rs 0
  b. Sell(Debit) Rs 13.50 + GST for every debit transaction
5 Inter Depository Transfer (Off-Market Trades):
  a. Buy (Receive) NIL
  b. Sell(Debit) 0.03% or Rs 25 whichever is higher + GST
6 Demat (Per certificate) Rs 150
7 Remat (Per ISIN) Rs 150 (Per certificate) + CDSL Charges
8 Courier charges per Demat/ Remat request Rs 100
9 Pledge Creation Rs 30 per request
10 Unpledge per ISIN -
11 Pledge Invocation per ISIN Rs 20
12 Periodic Statement:
  a. By Email Free
  b. Physical Rs 50 (Couier Charges)
13 Adhoc / Non Periodic Statement Requests:
  a. By Email Rs 10 per request
  b. Physical Rs 50 per request upto 10 pages. Every additional page at Rs 5 (+Courier charges at actual)
14 Delivery Instructions:
  a. First Delivery Instruction Book Free (10 leaves)
  b. Every Additional Booklet Rs 100 (10 leaves)
15 Cheque Bounce/ Per cheque Rs 350
16 Failed Transactions Rs 50 per ISIN
17 Modification in CML Rs 25 per request
18 KRA Upload / Download Rs 50

Zerodha Transaction Charges (Exchange Turnover Charge)

A combination of Exchange Turnover Charge and Trade Clearing Charge. Know more about Transaction Charges .

Zerodha Transaction Charges 2021

SegmentTransaction Fee
Equity DeliveryNSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity IntradayNSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity FuturesNSE Rs 200 per Cr (0.002%)
Equity OptionsNSE Rs 5300 per Cr (0.053%) (on premium)
Currency FuturesNSE Rs 90 per Cr (0.0009%) | BSE Rs 22 per Cr (0.00022%)
Currency OptionsNSE Rs 3500 per Cr (0.035%) | BSE Rs 100 per Cr (0.001%) (on premium)
CommodityGroup A - Rs 260 per Cr (0.0026%)

Zerodha Trading Taxes

Zerodha charges government taxes and fees in addition to the brokerage. These Zerodha trading taxes are shows in the contract note sent to the customer at the end of the day. The below table can be used for the Zerodha tax calculation.

Zerodha Tax on Trading

Tax ZerodhaRates

Securities Transaction Tax (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

Exchange Transaction Charges

Refer table above

GST

18% on (Brokerage + Transaction Charge + SEBI Fee)

SEBI Charges

0.00005% (₹5/Crore)

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)

Zerodha Special Offer

Free Equity Delivery Trading

Get free equity delivery trading (truly no brokerage) and pay flat Rs 20 brokerage for Intraday and F&O trades. To open an account with Zerodha, simply leave your contact information with us and Zerodha representatives will call you.

Frequently Asked Questions

  1. 1. How much is the brokerage fee in Zerodha?

    Zerodha charge zero brokerage for equity delivery trades. It charges Rs 20 per executed order on intraday and derivatives trades.

    Zerodha Brokerage
    Trade TypeBrokerage Fee

    Equity Delivery

    Rs 0

    Intraday, F&O (Equity, Commodity, Currency)

    Rs 20 per executed order

     

     

  2. 2. How much Zerodha charge for intraday trading?

    Zerodha charges a brokerage fee of Rs 20 per executed order for intraday trades. The brokerage for equity delivery trade is Rs 0. Zerodha brokerage is among the lowest in the industry.

     

     

  3. 3. Does Zerodha charge for Mutual Funds?

    No, Zerodha doesn't charge a fee for investing in Mutual Funds (MF). Zerodha mutual fund charges are nil. On top, Zerodha offers 'Direct Mutual Funds' which results in an additional saving of over 2% yearly to the investors.

    Zerodha is the first broker to offer direct mutual funds. In case of Direct Mutual Funds, the broker like Zerodha doesn't get any upfront of trail commission from the Mutual Fund managers or AMC. The savings from this is passed on to the customer in terms of higher returns.

    Zerodha offers it's online Mutual Funds investment services to a platform name Coin. Zerodha Coin has a website and a mobile app, available for free to charge to all Zerodha customers.

    Mutual fund investment with Zerodha is absolutely free. There is no brokerage, no software charges, no upfront or trail commission from fund managers or AMCs and no hidden charges. Also, there is no limit on size or number of transactions.

     

    How Zerodha make money by offering free Mutual Funds?

    Many people ask about how Zerodha makes money by offering Free Mutual Fund. Majority of Zerodha revenue comes from derivatives trading. By offering free services like MF's, Zerodha attract many large traders and investors who eventually pay by using it's stock and derivates trading services.

    Zerodha earn small interest from the money you keep in your trading account for few days before you buy stock or mutual funds. Zerodha keeps your money into bank FD's and earns interest in it.

    For example, if you keep Rs 1 lakhs in your trading account for 1 day, Zerodha earn Rs 19.18 interest on it (at the rate of 7% annual interest).

     

     

  4. 4. When does Zerodha charge brokerage?

    Zerodha charges brokerage for intraday and Futures & Options trades at BSE, NSE and MCX. The brokerage is charged only when the order is executed. The Contract Note (sent at the end of the day to customers via email) provides detail of the brokerage, taxes and other charges.

     

     

  5. 5. Does Zerodha have annual charges?

    Yes, Zerodha charge Rs 300 per year Demat Account AMC (Annual maintenance charges) fees. This fee is charged quarterly (i.e. Rs 75 every quarter). Except this Zerodha doesn't have any annual charges or minimum balance requirements.

     

     

  6. 6. Does Zerodha charges for AMO?

    No, Zerodha doesn't have any additional charges for aftermarket orders (AMO). You can place AMO orders for all product types (CNC/MIS/NRML) at the following time:

    Zerodha Brokerage
    SegmentAMO Order Timings

    Equity

    3:45 PM to 8:57 AM for NSE, [3:45 PM to 8:59 AM for BSE]

    Currency

    3:45 PM to 8:59 AM

    Futures & Options

    3:45 PM to 9:10 AM

    Commodity (MCX)

    Anytime during the day

     

     

  7. 7. Does Zerodha charges for selling shares?

    Zerodha offers brokerage free equity delivery trades. This means if you sell the shares which you hold in your demat account, there are no brokerage changes. Note that you still have to pay taxes and a demat debit transaction fee.

    For intraday trades, Zerodha changes flat Rs 20 per executed order brokerage. Zerodha charges the same brokerage (Rs 20 per trade) on both the legs.

     

     

  8. 8. Does Zerodha charges for margin?

    Zerodha doesn't offer margin funding. As per the new margin requirement applicable from Jan 1st, 2020, brokers are not permitted to offer additional margin. The customer has to pay the margin as prescribed by the stock exchanges.

     

     

  9. 9. Why Zerodha brokerage is less?

    Zerodha is an online stock broker offering almost all of its services online by leveraging the latest computer technology and the internet. Zerodha does volume business with a highly scale-able online trading platform. This makes it possible for Zerodha to offer trading at an ultra-low-cost.

    Zerodha doesn't have branch offices, doesn't spend money on advertising campaigns and doesn't offer services like research and advisory.

     

     

  10. 10. What are Zerodha brokerage charges?

    Zerodha offers brokerage free equity delivery trades and Mutual Fund investments. It charges flat Rs 20 or 0.03% (whichever is lower) per executed order brokerage fee for trading in Intraday and F&O across Equity, Currency and Commodity segments.

    Zerodha Brokerage Charges

    Segment

    Brokerage Charges

    Equity Delivery

    Rs 0 (Commission Free Trading)

    Equity Intraday

    Flat Rs 20 or 0.03% (whichever is lower) per executed order

    Futures (Equity/Currency/Commodity)

    Flat Rs 20 or 0.03% (whichever is lower) per executed order

    Options (Equity/Currency/Commodity)

    Flat Rs 20 or 0.03% (whichever is lower) per executed order (on Turnover)

    Mutual Fund

    Rs 0 (Commission Free Trading)

     

     

  11. 11. How Zerodha brokerage is calculated?

    Zerodha offers a flat fee brokerage model with brokerage free delivery trades. The brokerage charges in intraday and F&O are calculated on per executed order irrespective of the trade size. For example, if you buy 10 lots of NIFTY Future in one single order, you pay just Rs 20 brokerages on this trade.

     

     

  12. 12. Does Zerodha charge for rejected orders?

    No, Zerodha doesn't charge brokerage or any other fees for rejected orders. The company charges brokerage and other fees only for executed orders.

     

     

  13. 13. How to open an account with Zerodha?

    Simply leave your contact information and Zerodha representative will call you in a few hours.

     

     

  14. 14. Does Zerodha charge for canceled orders?

    No, Zerodha doesn't charge brokerage or any other fees for canceled orders. If for some reason you cancel your orders, you won't be charged any fees.

     

     

  15. 15. Zerodha Brokerage of ?20 or 0.03% whichever is lower, what does this mean?

    Zerodha, the discount stock broker offers commission-free equity delivery trading and Mutual Funds. It charges flat Rs 20 or 0.03% (whichever is lower) per executed order brokerage for trades in Intra-day and Equity, Currency and Commodity Derivatives (F&O).

    • Intraday Trading

      You pay 0.03% (maximum Rs 20 per executed order). For example:

      • When you buy 100 shares of Rs 10 each share; your brokerage is Rs 3 (0.03% of Rs 1,000).
      • When you sell 10 shares of Rs 300 each share; your brokerage is Rs 9 (0.03% of Rs 30,000).
      • When you buy 250 shares of Rs 500 each share; your brokerage is Rs 20 (as 0.03% of Rs 125,000 is Rs 37.50 which is higher then Rs 20).
    • Delivery Trading

      You pay Rs 0 brokerages. Yes, it's free with absolutely no hidden fee. Example:

      • Buy 100 shares of Rs 10 per share for delivery; the brokerage you pay is Rs 0.
      • Sell 100 shares of Rs 3000 per share for delivery; the brokerage you are charged is Rs 0.

    When you are trading stocks and if you are trading volumes are lower you get the benefit of Rs 20 or 0.03% for intraday, whichever is lower.

     

     

  16. 16. What is an executed order with Zerodha?

    When you place an order with Zerodha which gets traded, it is called an executed order. You don't pay for placing, cancelling or modifying an order; you pay only per executed order.

    Zerodha doesn't charge per trade, Zerodha charge only for an executed order. So even if an order is executed in 5 different trades it is considered only 1 executed order and you pay only Rs 20.

    Example of an order is:

    Buy 1000 shares of ONGC

    You place a 'buy' order for 1000 shares of ONGC. This order may get executed in different trades (chunk) until the whole 1000 share is bought. However, Zerodha charges you only Rs 20 for the order that is placed, irrespective of how many trades it takes to complete the order. The same charge is applied for trading Equity Intraday, Delivery, F&O, Currency Derivatives, and Commodity.

     

     

  17. 17. I place an order to buy 10 lots with Zerodha; what if it gets traded 5 times 2 lots per trade?

    Zerodha doesn't charge per trade, they charge only for an executed order. So even if an order is executed in 5 different trades it is considered only 1 executed order and you pay only Rs 20.

     

     

  18. 18. What are call & trade charges with Zerodha?

    Zerodha Call & Trade charge is Rs 50 per executed order. This is in addition to the brokerage fee of Rs 20 per executed order.

    Zerodha is an online discount stockbroker. Their services are designed for customers who can trade online by themselves. Zerodha does not offer personalized services, relationship managers, branch offices, etc.

    People who frequently need broker assistance or in-person services should consider opening an account with full-service brokers like Sharekhan, ICICI Direct, and IIFL.

     

     

Contact Zerodha / Request Call Back

Brokerage free equity delivery trading (no commission) + Flat Rs 20 Intra-day and F&O trades. Get the offer

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Information on this page was last updated on Sunday, December 27, 2020


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