At this time, there is no introduction needed on Zerodha. Presently, it is ranked on the top position in the Indian share market by volume, a number of customer and growth. The Bangalore based discount brokerage company was incorporated in 2010. Now, it has reached to more than 7 lakh clients. As of January 2018, the firm contributes to over 8 percent of daily retail trading volumes across BSE, NSE, and MCX. The main services include buying and selling stocks in equity, derivatives and commodity segments. Here, in this content, all the direct and indirect Zerodha brokerage charges and policies will be described.
Zerodha Brokerage Charges and Policies (As per 2019 updates)
Let’s start from the very beginning, from the account opening charges to brokerage, we will provide each and every detail here.
Zerodha Trading Account Opening and Annual Charges
Trading account opening with Zerodha carries a one-time charge which is Rs. 300 for equity and Rs. 500 for equity and commodity. Besides the one time charges, there are annual charges too. The list of charges is given below:
- Trading Account Opening Charges: (One Time) for Equity: Rs. 300
- Trading Account Opening Charges: (One Time) for both Equity and Commodity: Rs. 500
- Trading Account AMC or Annual Maintenance Charge for Individual: Rs. 300 plus GST
- Trading Account AMC or Annual Maintenance Charge for Corporate: Rs. 1000 plus GST
From here we can get a basic overview of the payable charges. Now have a look at the Zerodha Brokerage Charges. Segment wise charges are given below:
The attached data consists of the charge details of the entire equity department. As per the trading type and order, charges vary. The segments contain delivery, intraday, futures, options. First, come to the brokerage section. Delivery charge is absolutely free here. For intraday and futures 0.01 or Rs. 20/ per executed order whichever is lower. Under equity options, it has a flat Rs. 20 per executed order. STT/CTT (Security Transaction Tax/ Commodities Transaction Tax 0.01% on Buy and Sell (Delivery), 0.025% on sell side (Intraday), 0.01% on sell side (Futures) and 0.05% on sell side (Options). Transaction charges are the same for delivery and intraday (NSE: 0.00325%, BSE: 0.003% per trade). For Futures (NSE: Exchange charge 0.0019%, clearing charge: 0.0002%, BSE: 0.003%), for Options (NSE: Exchange charge 0.05%, clearing charge: 0.002%, BSE: 0.003%/ trade). GST deduction (18% on brokerage+ transaction) and SEBI charges (Rs.15/Cr) are the same for every segment.
After equity, we’ve come with the details of currency charges of Zerodha. There are two segments, Currency Futures, and Currency Options. Brokerage for the Futures and Options are same in currency (0.01% or Rs.20/executed order whichever is lower). There are no STT/CTT charges here. Transaction charges vary in Currency Future and Options. Futures (NSE: Exchange charge 0.0009%, clearing charge: 0.0002% and BSE: exchange charge 0.00022% clearing charge 0.0002%) and Options (NSE: exchange charge 0.04%, clearing charge 0.002% and BSE: exchange charge 0.001%, clearing charge 0.002%). GST (18% on brokerage and transaction) and SEBI (Rs.15/Cr) are the same for both of the segments.
The last and final charge segment is a commodity. Under commodity, there are also two sections, Futures, and Options. Brokerage charges are same (0.01% or Rs. 20/ executed order whichever is lower). STT/CTT charges on sell side are 0.01% (Futures) and 0.05% (Options) respectively. Futures transaction charges (group A: exchange charge 0.0026% and clearing charges 0.01%, group B: exchange charge PEPPER 0.00005%, CASTORSEED 0.0005% RBDPMOLEIN 0.001% clearing charge 0.001%. Options exchange transaction charge 0 while clearing charge is 0.002% on buy+sell (Rs.200/Cr). GST (18% on brokerage + transaction) and SEBI (Rs.15/Cr) are the same for Futures and Options.
In all of the above section, stamp charges are applicable but it varies according to states.
Other Charges for Different Zerodha Products
Zerodha’s various products include Sentinel, StockReports+, Screener, Smallcase, Sensibull, Streak, Kite Connect, Pi Bridge. In the above chart, billing frequency and charges are given as per the products. Among the above, Sentinel, StockReports, Screener billing frequency can be monthly, bi-annually or annually. Sensibull, Streak, Kite Connect, Pi Bridge billing frequency is monthly.
Zerodha brokerage calculator is one of the most helpful additions for investors and traders. It helps to find out the actual brokerage charges of Zerodha. Users can calculate brokerage for all asset section like equity intraday, delivery, futures, options, currency options, commodity. Besides the charges, it provides detailed information about charges, STT, SEBI charges, GST, etc. Users only need to fill the buy-sell details.
You may go through our previous post on Zerodha brokerage Calculator.
This is the detailed discussion on Zerodha Brokerage Charges and Policies. The using process of brokerage calculator is quite easy for traders and investors.