Zerodha Brokerage Charges, Fees, AMC, Transaction Charges 2023

1. Documents Required for Online Account Opening

A scanned copy is required of the following documents:

2. Documents Required for Offline Account Opening

A paper signed copy is required of the following documents:

Zerodha Account Opening Charges

Zerodha's online account opening charges are Rs 200 for the equity segment and Rs 300 for the equity and commodity segments. Offline account opening charges for the trades on Equity, F&O and Currency are Rs 400.

Zerodha allows customers to open online and offline accounts through its trading platforms and website. However, NRI, Partnership, Limited Liability Partnership, HUF, or Corporate accounts can only be opened via an offline process.

Zerodha Account Maintenance Charges

Zerodha AMC Charges are Rs 300 per year. Zerodha withdraws Rs 75 from customers' trading account quarterly (every 90 days). Zerodha AMC charges for the NRI account is Rs 500 per year.

Zerodha Account Open Charges | Zerodha AMC 2023

Zerodha Flat Brokerage Plan

Zerodha Demat Charges

Zerodha trading and demat account opening charges are Rs 200. Zerodha charges Rs 300 per year demat account AMC. Zerodha demat debit transaction charge of Rs

• Market Trades: ₹13.5 + GST
• Off-Market Trades: 0.03% of ₹25 whichever is higher + GST

Zerodha Transaction Charges 2023

Zerodha Tax on Trading

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 Type	Brokerage Fee
   Equity Delivery	Rs 0
   Intraday, F&O (Equity, Commodity, Currency)	Rs 20 per executed order

    

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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.

    

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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.

    

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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.

    

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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.

    

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6. 6. Does Zerodha charges for selling shares?

   Zerodha offers brokerage-free equity delivery trades. Thus, if you sell the shares that you hold in your Demat account, there are no brokerage changes. However, you still have to pay taxes and a Demat debit transaction fee.

   Zerodha brokerage for intraday trading is flat Rs 20 per executed order on both buy and sell legs.

    

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7. 7. Does Zerodha charges for margin?

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

    

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8. 8. 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.

    

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9. 9. 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)

    

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10. 10. 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.

     

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11. 11. 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.

     

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

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

     

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13. 13. 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.

    You get charged brokerage/fees/charges only for the orders that get executed and not for the orders that get rejected or canceled for any reason, whether auto-canceled or manually canceled.

     

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14. 14. Zerodha Brokerage of Rs 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.

     

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15. 15. 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.

     

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16. 16. 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.

     

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

    Zerodha Call & Trade charges are Rs 50 per executed. The call and trade charges are over and above the brokerage charges and other regulatory fees.

    Zerodha levies Call and Trade charges in two cases:

    1. If you place an order by calling the dealing desk of Zerodha.
    2. If the Zerodha RMS team had to initiate auto square off for the MIS orders not squared off by the stipulated time. Zerodha treats auto- square off as a Call and trade order. 

    Zerodha is an online discount stockbroker 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.

     

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18. 18. How to withdraw money from Zerodha account?

    You can withdraw money from Zerodha through Zerodha's back-office platform, Console.

    Steps to withdraw money from Zerodha

    1. Log in to Console either through the desktop browser or mobile browser.
    2. Go to the Funds Tab and click on Overview.
    3. Enter the withdrawal amount and click on Proceed.
    4. This will pop-up a funds withdrawal confirmation window displaying the details of your mapped bank account.
    5. Click on Submit Request to complete the withdrawal process.

    The money gets credited to your bank account within 24 hours.

    

    Points to Note:

    1. Equity withdrawal requests are processed at 8.30 PM from Monday to Friday.
    2. Commodity withdrawal requests are processed at 8.00 AM from Monday to Friday.
    3. The minimum withdrawal amount is Rs 100.
    4. The withdrawal requests get credited only to the mapped primary bank account.

     

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19. 19. Can I have a Physical copy of the Contract Note instead of ECN in Zerodha?

    Yes, you can opt to receive a physical copy of the contract note in Zerodha at a charge of Rs 20 per contract note plus the courier charges.

    Zerodha sends the Electronic Contract Note (ECN) in PDF format for free of charge to their clients on their registered email ID. Alternatively, you can also download the contract note at no cost from Zerodha Console (back office) website. The electronic contract note is delivered to the clients at 7 PM on the same day of trading.

     

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20. 20. Does Zerodha charge for both buy and sell?

    Zerodha charges brokerage and applicable taxes on both buy and sell transactions.

    Zerodha offers brokerage-free Equity Delivery trading. That means you do not pay any brokerage for cash & carry trades (or when you take delivery of shares or sell them from your demat account).

    For intraday trades, Zerodha charges flat Rs 20 per order brokerage on both sides (buy and sell). Thus total brokerage for one intraday trade is Rs 40.

    In addition to the brokerage, you have to pay the following taxes and fees:

    Zerodha Equity Taxes

    Transaction Head	Equity Delivery	Equity Intraday
    Securities Transaction Tax (STT)	0.1% on both Buy and Sell	0.025% on the Sell Side
    Transaction / Turnover Charges	NSE: 0.00325% | BSE: 0.003% per trade (each side)	NSE: 0.00325% | BSE: 0.003% per trade (each side)
    Goods and Services Tax (GST)	18% on (Brokerage + Transaction Charge)	18% on (Brokerage + Transaction Charge)
    SEBI Charges	Rs 10/Crore on both buy and sell	Rs 10/Crore on both buy and sell
    Stamp Charges	0.015% (Rs 1500 per crore) on buy-side	0.003% (Rs 300 per crore) on buy-side
    DP Charges	Rs 13.5 for every debit per ISIN per day.	Nil

     

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21. 21. 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).

     

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22. 22. What are Zerodha Account Opening Charges?

    Zerodha Account Opening Charge

    Account Type	Equity	Equity + Commodity
    Individual Account (online)	Rs 200	Rs 300
    Individual Account (offline)	Rs 400	Rs 600
    NRI Account (offline)	Rs 500	N/A
    Partnership, LLP, HUF or Corporate accounts (offline)	Rs 500	Rs 800

     

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23. 23. What is Zerodha Account Opening?

    Zerodha allows customers to open an account to trade in Equity, Currency, F&O, Commodity, Mutual Funds and IPO. NRIs, Limited Liability Partnerships, HUFs, and corporations can also open. Zerodha also offers a 2-in-1 account (a combo of trading account and demat account) which can be opened within a few minutes.

    Zerodha Account Types

    1. Trading Account

       The Zerodha trading account is for trading and investing in stocks, mutual funds and IPO. This account is required to invest in the stock market in India. It enables a customer to buy/sell equity at stock exchanges.

    2. Demat Account

       The Zerodha Demat Account allows customers to hold securities (Stocks, Bonds, and ETFs) in electronic format. The demat account is similar to a bank account but instead of money, it holds shares in it.

    3. Commodity account

       The Zerodha Commodity Account enables the customer to trade commodity futures on the MCX exchange. This account is required only when you would like to trade in commodities at MCX.

     

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24. 24. How to open a Zerodha account online?

    Steps to open a Zerodha account online

    To open an account with Zerodha, go to the Zerodha website and follow the steps below:

    1. Sign up
       • Enter Mobile and Email verification via OTP.
       • Enter PAN Details.
    2. Pay Account Opening Fees
       • Pay Rs 200 account opening fees via UPI, net banking or cards.
    3. Aadhaar Verification
       • Verify Aadhar via OTP received on your mobile number.
       • Allow Zerodha to access your Aadhar Data.
    4. Update Personal Details
       • Enter the parent's name and marital status.
       • Trading Experience
       • Annual Income and Occupation
    5. Add Bank Account Details
       • Enter Bank Account number
       • IFSC Code or UPI ID
    6. IPV Verification
       • On a piece of paper, write the code and place it in front of the camera.
       • Ensure that both your face and the code are visible.
    7. Document Upload
       • Sign on a blank paper and upload it.
       • Upload PAN Card.
       • Income Proofs such as Bank Statement, Form 16 or latest Salary Slip.
    8. eSign Process
       • Check the Terms and conditions and check the form details
       • Proceed to the NSDL/CDSL eSign page.
       • Enter Aadhar Number
       • Enter OTP received on the registered mobile number
       • Application Submitted

    Note: Once all of your documents have been confirmed, the Zerodha team will provide your login credentials in your email. It usually takes between 2 hours to 24 hours.

     

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