Zerodha offers one of the lowest brokerage demat account in India. Infact they are the first brokers to scrap the brokerage fee for all the investment purpose. However, they still charge for trading transactions and it is their main revenue generator. I have written detailed review of them in this post.
In this article I’m going to explain Zerodha Brokerage charges in detail including Delivery, Intraday, Derivaties (F&O), Currency and Commodities for 2024
But lets begin with the Account opening related charges of Zerodha.
Zerodha Demat & Trading Account Opening Charges:
Demat and Trading accounts at Zerodha are opened after you pay their respective fees. These are one time charges and charged during the account opening process.
The Annual Maintenance charges are charged once per year. Interestingly there is no AMC for trading account but they charge Rs 300 for demat account.
Also, the trading platforms and the mobile app is not charged. Some brokers levy subscription charges for their software.
| Zerodha Demat and Account Charges |
|
| Trading Account Opening Charges | Rs 200 (One Time) |
| Demat Account Opening Charges | Rs 100 (One Time) |
| Trading Account Annual Maintenance Charges (AMC) | Rs 0 |
| Demat Account Annual Maintenance Charges (AMC) | Rs 300 Per Year |
There are some more charges associated with the Zerodha account apart from account opening and AMC charges, you can get all the information here.
Zerodha Brokerage Charges:
Let’s look at the details of their commission structure, segment wise now.
Zerodha Brokerage Charges : Equity Delivery
Delivery segments refers to the trades in which you buy shares today and sell it some other day. For these kind of trades in which you do not carry out buying and selling on same day, Zerodha charges no commission.
Offcourse, one need to pay the taxes as prescribed by the government.
This offer resulted in opening more and more people opening account with Zerodha making then India’s No 1 stock broker with highest client base
Here are the details of Delivery segment.
| Zerodha Delivery Brokerage Charges |
|
| Brokerage | Rs 0 |
| Security Transaction Tax(STT) | 0.1% on both Buy and Sell Value |
| Transaction/Turnover Charges | NSE: 0.00325% : BSE : 0.00275% : MCX-SX : 0.002% |
| SEBI Charges | Rs 15 per crore |
| GST | 18% on ( Brokerage + Turnover Charges) |
| Stamp Charges | varies from State to State |
Zerodha Brokerage Charges : Equity Intraday
Intraday trading refers to trading in which you buy and sell shares on same trading day. The maximum commission you pay is capped at Rs 20/trade irrespective of the number of shares/trade value.
Here are the details of Zerodha Intraday brokerage charges:
| Zerodha Intraday Brokerage Charges |
|
| Brokerage | 0.01% or Rs 20/trade whichever is lower |
| Security Transaction Tax(STT) | 0.025% on Sell Value |
| NSE: 0.00325% : BSE : 0.00275% : MCX-SX : 0.002% | |
| SEBI Charges | Rs 15 per crore |
| GST | 18% on ( Brokerage + Turnover Charges) |
| Stamp Charges | varies from State to State |
Zerodha Brokerage Charges : Equity Futures
Brokerage charges for Futures segment is same as that of Intraday segment. However the STT and Turnover is at lower slabs.
Here is the details of company’s brokerage structure for Futures segment.
| Zerodha Futures Brokerage Charges |
|
| Brokerage | 0.01% or Rs 20/trade whichever is lower |
| Security Transaction Tax(STT) | 0.01% on Sell Value |
| Transaction/Turnover Charges | NSE: 0.0021% : BSE : 0.0007% : MCX-SX : 0.0014% |
| SEBI Charges | Rs 15 per crore |
| GST | 18% on ( Brokerage + Turnover Charges) |
| Stamp Charges | varies from State to State |
Zerodha Brokerage Charges : Equity Options
Options brokerage of the Zerodha is most attractive. They charge Flat Rs20/trade irrespective of number of lots. Before 2010, full service brokers charged (they continue to charge now also) per lot basis. Because of the fixed Rs20/trade, many of the options strategies can be implemented which was not possible earlier.
Below are the details of Zerodha Options Brokerage fees:
| Zerodha Options Brokerage Charges |
|
| Brokerage | 0.01% or Rs 20/trade whichever is lower |
| Security Transaction Tax(STT) | 0.05% on Sell side (On Premium) |
| Transaction/Turnover Charges | NSE: 0.0053% : BSE : 0.00027% : MCX-SX : 0.0027% (On Premium) |
| SEBI Charges | Rs 15 per crore |
| GST | 18% on ( Brokerage + Turnover Charges) |
| Stamp Charges | varies from State to State |
Zerodha Brokerage Charges : Currency Futures
In India, currency trades are allowed only against INR. Cross currency like USD-GBP are not allowed. There is no Security Transaction Taxes (STT) in currency segment.
Below is the details of charges for currency segment:
| Zerodha Currency Futures Brokerage Charges |
|
| Brokerage | 0.01% or Rs 20/trade whichever is lower |
| Transaction/Turnover Charges | NSE: 0.00135% |
| SEBI Charges | Rs 15 per crore |
| GST | 18% on ( Brokerage + Turnover Charges) |
| Stamp Charges | varies from State to State |
Zerodha Charges : Currency Options
Currency options charges are almost same as that of Currency futures.
| Zerodha Currency Options Brokerage Charges |
|
| Brokerage | 0.01% or Rs 20/trade whichever is lower |
| Transaction/Turnover Charges | NSE: 0.0044% |
| SEBI Charges | Rs 15 per crore |
| GST | 18% on ( Brokerage + Turnover Charges) |
| Stamp Charges | varies from State to State |
Zerodha Pricing : Commodity Futures
Not much changes here, only thing is that there will be two types of Turn over charges namely Agri and Non-agri
Related Read : Best commodity brokers in India
Below are the commission for Commodity Futures
| Zerodha Commodity Futures Brokerage Charges |
|
| Brokerage | 0.01% or Rs 20/trade whichever is lower |
| Commodities Transaction Tax(CTT) | 0.01% on Sell Side (Non-Agri) |
| Transaction/Turnover Charges | Non Agri : 0.0036% : Agri : 0.00275% |
| SEBI Charges | Rs 15 per crore |
| GST | 18% on ( Brokerage + Turnover Charges) |
| Stamp Charges | varies from State to State |
Zerodha Brokerage Charges : Commodity Options
Except CTT, almost all other parameters are same as that of commodity Futures.
Below are the details of Brokerage charges for Commodity Options Segment:
| Zerodha Commodity Options Brokerage Charges |
|
| Brokerage | 0.01% or Rs 20/trade whichever is lower |
| Commodities Transaction Tax(CTT) | 0.05% on Sell Side |
| Transaction/Turnover Charges | 0.002% on both Buy and Sell side |
| SEBI Charges | Rs 15 per crore |
| GST | 18% on ( Brokerage + Turnover Charges) |
| Stamp Charges | varies from State to State |
Frequently Asked Questions (FAQs) about Zerodha Demat & Trading Account:
I have compiled some of the FAQs related to Zerodha account, charges etc for your easy reference.
- Q) Does Zerodha offers monthly fixed brokerage and unlimited plans?
- A) No, they dont have any monthly or yearly plans
- Q) Do they charge minimum brokerage per trade?
- A) No. Zerodha does not charge any minimum brokerage charges
- Q) Can I Invest in IPO online through Zerodha ?
- A) Yes, You need can use UPI route to invest in IPO through Zerodha
- Q) Does Zerodha offer 3-in-1 demat account?
- A) No, Since Zerodha is not a bank it does not offer 3-in-1 demat account
- Q) Can I do automated trading through Zerodha?
- A) Yes, Zerodha offers automated trading to their customers.
- A) Yes, Zerodha offers automated trading to their customers.
- Q) Can I invest in mutual fund through Zerodha?
- A) Mutual funds investment is free at Zerodha. Investing in mutual funds can be done through Zerodha Coin. Read the Zerodha Coin Review here.
Zerodha Brokerage Charges : Final Thoughts
If we do brokerage charges comparison of Zerodha with other full service brokers such as Sharekhan, ICICI Direct and Angel Broking etc, it is almost 80-90% lower.
Even in in discount brokers category it is very competent. There are few brokers offering less than that of Zerodha but I don’t consider them trustworthy.