Summarize The Key Points:
Zerodha Stock Trading Demat Account: Zerodha, considered India’s top stockbroker, offers various services including Equity, Currency, Commodity trading, and more. They are known for low brokerage fees, charging zero brokerage for Equity Delivery and Direct Mutual Funds.
- Their fee structure includes fixed charges per order or a percentage, with additional hidden charges for specific services like call and trade, physical copies of contracts, etc.
- The company provides multiple trading platforms like Kite 3.0, Kite Mobile, Console, Sentinel, Coin, and offers partner products like Small case, Streak, Sensibull, Golden Pi, and an online insurance platform.
- Zerodha‘s strengths lie in its technological advancements, trustworthy reputation, and a wide range of tools catering to various types of investors.
- Their fee structure incorporates various taxes and charges like STT, Transaction Charges, GST, SEBI fees, and Stamp Duty, all of which are outlined transparently.
- However, they do not offer banking services or unlimited trading plans, and some services like research reports and recommendations are not provided.
| Type of Trade | Charges |
| Equity Delivery | Zero brokerage |
| Equity Intraday | Rs. 20 per order executed or 0.03% on both sides |
| Currency Futures | Rs. 20 per executed order |
| Commodities | Rs. 20 per order or 0.03% whichever is less |
| Fee Type | Charges |
| Securities Transaction Tax | Charged only on sell side for intraday trades |
| Transaction Charges | Fee charged by stock exchanges for trading |
| GST | 18% of total brokerage, SEBI fees, and more |
| SEBI Charges | Rs. 10 per crore |
| Stamp Duty | Eq Delivery – 0.015% (buy side), Eq Intraday – 0.003% (buy side) |
| Hidden Charges | Charges |
| Call and Trade | Rs 50 per call |
| Non-squared MIS/BO/CO orders | Additional Rs 50 per order |
| Physical copies of contract notes (per contract) | Rs 20 |
| Optional trade SMS alerts (Equity, F&O, Currency, Commodity) | Rs 1 per alert for Equity/F&O, Rs 0.50 for Commodity |
| Instant payment gateway charges at banks | Rs 9 per fund transfer |
| DP charges per transaction for equity sales based on delivery | Rs 13.5 + GST |
| Account Opening Type | Charges |
| Online | Rs 200 |
| Offline | Rs 400 |
| AMC for demat accounts | Rs 300/annum |
Zerodha, a prominent Indian stockbroker, offers competitive charges across various trading segments:
- Equity Delivery: This segment incurs zero brokerage fees, making it advantageous for long-term investors.
- Equity Intraday: Traders pay Rs. 20 per executed order or 0.03% on both buy and sell sides for intraday trades.
- Currency Futures: Zerodha levies Rs. 20 for each executed order in the currency futures segment.
- Commodities: Traders are charged a flat Rs. 20 per order or 0.03%, whichever is less, in the commodities market.
Zerodha Fee Structure: Zerodha Stock Trading Demat Account
The fee structure comprises various components:
- Securities Transaction Tax (STT): Charged solely on the sell side for intraday trades and Futures & Options (F&O). However, both buy and sell sides incur STT charges for Equity Delivery Trades.
- Transaction Charges: These fees are imposed by stock exchanges for facilitating trading activities.
- GST (Goods and Services Tax): Constitutes 18% of the total brokerage cost, inclusive of SEBI fees and transaction fees.
- SEBI Charges: Set at Rs. 10 per crore.
- Stamp Duty: For Equity Delivery, it’s 0.015% on the buy side, and for Equity Intraday, it’s 0.003% on the buy side.
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Zerodha Hidden Charges
Beyond the visible fee structure, Zerodha has additional charges:
- Call and Trade: Accessible at an extra cost of Rs. 50 per call.
- Non-squared MIS/BO/CO orders: Incur an additional Rs. 50 per order if not closed by the customer.
- Physical copies of contract notes: Available at Rs. 20 per contract, with additional delivery charges.
- Optional trade SMS alerts: Priced at Rs. 1 per alert for Equity/F&O and Rs. 0.50 for Commodity.
- Instant payment gateway charges at banks: Incurred at Rs. 9 per fund transfer.
- DP charges per transaction for equity sales based on delivery: Amount to Rs. 13.5 plus GST.
Zerodha Account Opening Charges
Opening an account with Zerodha incurs specific fees:
- Online Account Opening: Priced at Rs. 200.
- Offline Account Opening: Costs Rs. 400.
- Annual Maintenance Charge (AMC) for demat accounts: Stands at Rs. 300 per annum.
These fees are essential components for traders and investors to consider when engaging with Zerodha’s services.
Zerodha Margin Exposure Top of Form
| Segment | Margin | Leverage |
| Equity Delivery | 100% of trade value | 1x |
| Equity Intraday | Up to 20% of trade value | 5x |
| F&O (Equity, Currency, and Commodities) | 100% of NRML margin (Span + Exposure) | 1x |
Overall ratings by customers
Zerodha Ratings by users
| Aspect | Rating |
| Overall Rating | 3.7 stars (3.7/5)|
| Fees | 3.7 stars (3.7/5)|
| Brokerage | 4.2 stars (4.2/5)|
| Usability | 3.6 stars (3.6/5)|
| Customer Service | 3.4 stars (3.4/5)|
| Research Capabilities | 2.8 stars (2.8/5)|
Zerodha Pin Codes
Zerodha customer gets 3 pin numbers (passwords or pass codes) for different purposes:
- Kite PIN (for Login to Kite)
- Zerodha Telephone Code (for calling Zerodha)
- Zerodha CDSL TPIN(for Demat Sell Transaction)
Zerodha Short Selling
- Equity F&O Segment – Zerodha allows intraday and overnight short selling in the F&O segment.
- Equity Cash Segment – Zerodha allows short selling only for Intraday, but not for overnight positions.
Frequently Asked Questions
1. Is Zerodha really free ?
Zerodha offers truly brokerage free equity delivery trading and Mutual Fund investment. But 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.
Though Zerodha offers commission free trading in equity delivery, the customer has to pay other charges including Government Taxes (STT, Exchange Turnover Charges, GST, SEBI Charges and Stamp Duty), Demat Transaction Charges (Rs 13.50 flat for every debit transaction) and Demat Account AMC (Rs 300 yearly).
2. Does Zerodha give tips ?
No, Zerodha doesn’t offer stock tips, recommendations, research and advisory. Zerodha is an online discount broker that offers only trading, demat account and mutual fund services. It does not offer other services like advisory, research and wealth management.
3. does zerodha charges for buying shares ?
Free investments are available only for our retail individual clients. Companies, Partnerships, Trusts, and HUFs need to pay 0.1% or ₹20 (whichever is less) as delivery brokerage. A brokerage of 0.25% of the contract value will be charged for contracts where physical delivery happens
4. how to buy nifty index in zerodha
An ETF (Exchange traded fund) is a basket of securities that tracks an underlying index.For example, a Nifty 50 ETF tracks the composition of the Nifty 50 Index. When you buy a Nifty ETF, you are getting exposure to the 50 stocks that form the Index.
5. How to change bank account in Zerodha ?
The bank account linked to Zerodha Trading and Demat account can be modified by submitting an account modification request. This request has to be submitted offline (signed paper form). Zerodha doesn’t offer online account modification i.e. changing the linked bank account facility.
Steps to change bank account in Zerodha:
- Go to Zerodha.com
- Click on ‘Downloads & resources’ link in the footer ‘Support’ section
- Download ‘Account modification form’ from the ‘Change request forms’ section.
- Print and fill the form.
- Add proof of the new bank account*.
- Send the form to the Zerodha office in Bangalore.
* The accepted bank proof is any one of the documents like:
- Canceled cheque (name must be printed on the cheque)
- Bank statement (with IFSC Code and MICR No.) (printed self-attested copy)
- Bank passbook (self-attested photocopy)
Note:
- Rs 25 will be charged for the modification.
- Once the form is received, it takes 1 working day to update.
In conclusion,
- Zerodha leads India’s stockbroking world, offering diverse trading services at competitive rates. Their transparent fee structure covers equity delivery, intraday, currency futures, and commodities, catering to varied investor needs.
- While zero brokerage for equity delivery and direct mutual funds is a highlight, understanding additional charges like call and trade fees, physical contracts, and SMS alerts is vital for savvy traders.
- Consider account opening charges, annual maintenance for demat accounts, whether online or offline, as part of your evaluation.
- Despite fees, Zerodha’s platforms like Kite 3.0, Console, Coin, and Smallcase, coupled with their tech advancements and investor focus, affirm their key role. Users leverage these strengths while being mindful of associated charges.
