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Zerodha Brokerage, Account Opening, Intraday, Futures, and Option’s Equity, Currency and Commodity Charges

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Zerodha Overview

Zerodha is one of India’s leading stockbrokers, known for its transparent and low-cost brokerage services. Established in 2010, Zerodha revolutionized the Indian brokerage industry by offering zero brokerage for equity delivery trades and a flat fee for intraday and F&O trades. With its innovative trading platforms and a customer-centric approach, Zerodha has gained immense popularity among retail investors and traders.

FeatureDetails
Brokerage Fees (Equity Delivery)Rs 0
Brokerage Fees (Intraday & Futures)Flat Rs 20 or 0.03% per trade (whichever is lower)
Brokerage Fees (Options)Flat Rs 20 per executed order
Leverage (Intraday)Up to 20x
Demat Account AMCRs 300 per year
Account Opening ChargesRs 200 (Free for people under 25)
Online Trading PlatformsKite (web & mobile), Coin (mutual funds), Console (reporting), Sentinel (price alerts)
Special FeaturesZero brokerage for equity delivery and direct mutual funds

Zerodha Charges 2024

The charges for opening and maintaining accounts with Zerodha are competitive and affordable, making it accessible for a wide range of investors.

Transaction TypeCharges
Trading & Demat Account OpeningRs 200 (Free for people under 25)
Trading Account AMCRs 0
Demat Account AMCRs 300 per year

Zerodha Brokerage Charges 2023

Zerodha offers one of the lowest brokerage rates in the industry, especially for intraday and futures trades. The brokerage structure is designed to provide maximum savings for traders and investors.

Trading SegmentBrokerage Charges
Equity DeliveryRs 0 (Free)
Equity IntradayFlat Rs 20 or 0.03% per executed order
Equity FutureFlat Rs 20 or 0.03% per executed order
Equity OptionsFlat Rs 20 per executed order
Currency FuturesFlat Rs 20 or 0.03% per executed order
Currency OptionsFlat Rs 20 or 0.03% per executed order
CommodityFlat Rs 20 or 0.03% per executed order
Mutual FundRs 0 (Free Unlimited Direct MF)

Zerodha Equity Charges

Zerodha provides competitive charges for equity delivery and intraday trades, making it an attractive option for equity investors.

Charge TypeEquity DeliveryEquity Intraday
BrokerageRs 0 (No Brokerage)Flat Rs 20 or 0.03% (whichever is lower)
Securities Transaction Tax (STT)0.1% on both Buy and Sell0.025% on the Sell Side
Transaction / Turnover ChargesNSE: 0.00325%BSE: 0.00375% per trade
Goods and Services Tax (GST)18% on (Brokerage + Transaction Charge)18% on (Brokerage + Transaction Charge)
SEBI Charges0.0001% (Rs 10/Crore)0.0001% (Rs 10/Crore)
Stamp Charges0.015% (Rs 1500 per crore) on buy-side0.003% (Rs 300 per crore) on buy-side

Zerodha F&O Charges

Zerodha’s futures and options trading charges are highly competitive, with a flat fee structure that benefits high-volume traders.

Charge TypeEquity FuturesEquity Options
BrokerageFlat Rs 20 or 0.03% (whichever is lower)Flat Rs 20
Securities Transaction Tax (STT)0.0125% on the sell side0.0625% on sell side (on premium)
Transaction / Turnover ChargesNSE: 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 Charges0.0001% (Rs 10/Crore)0.0001% (Rs 10/Crore)
Stamp Charges0.002% (Rs 200 per crore) on buy-side0.003% (Rs 300 per crore) on buy-side

Zerodha Currency Charges

For currency trading, Zerodha offers flat brokerage rates that make it a cost-effective choice for currency traders.

Charge TypeCurrency FuturesCurrency Options
BrokerageFlat Rs 20 or 0.03% (whichever is lower)Flat Rs 20
Securities Transaction Tax (STT)No STTNo STT
Transaction / Turnover ChargesNSE: 0.0009%BSE: 0.00025%
Goods and Services Tax (GST)18% on (Brokerage + Transaction Charge)18% on (Brokerage + Transaction Charge)
SEBI Charges0.0001% (Rs 10/Crore)0.0001% (Rs 10/Crore)
Stamp Charges0.0001% (Rs 10 per crore) on buy-side0.0001% (Rs 10 per crore) on buy-side

Zerodha Commodities Charges

Zerodha’s commodity trading charges are designed to be affordable, catering to both small and large traders.

Charge TypeCommodity FuturesCommodity Options
BrokerageFlat 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 ChargesGroup A: 0.0026%Rs 0
Goods and Services Tax (GST)18% on (Brokerage + Transaction Charge)18% on (Brokerage + Transaction Charge)
SEBI ChargesAgri: 0.00001% (Rs 1/Crore)0.0001% (Rs 10/Crore)
Stamp Charges0.002% (Rs 200 per crore) on buy-side0.003% (Rs 300 per crore) on buy-side

Zerodha Margin Exposure

Zerodha offers attractive leverage options, allowing traders to maximize their trading potential.

SegmentMarginLeverage
Equity Delivery100% of trade value for T+5 days1x
Equity IntradayUp to 20% of trade value5x
F&O (Equity, Currency and Commodities)100% of NRML margin1x

Zerodha Ratings

Zerodha enjoys a good reputation in the market, with positive ratings for its low fees, usability, and overall service quality.

AspectRating (out of 5)
Overall Rating3.7
Fees3.7
Brokerage4.2
Usability3.6
Customer Service3.4
Research Capabilities2.8

Zerodha Complaints

Despite its large client base, Zerodha maintains a low complaint rate, reflecting its commitment to customer satisfaction.

ExchangeFinancial YearNumber of ClientsComplaints%
NSE2024-257,392,8361010%
NSE2023-247,392,8365670.01%
BSE2023-245,749,7322170%
NSE2022-236,392,9024460.01%
BSE2022-234,362,5203170.01%

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