Get Details of Zerodha Broking Charges 2024

Zerodha is often considered one of the topmost stockbrokers of India. It is highly popular due to the Facility of Offering an online platform that lets the user trade commodities, stocks, and other currency derivatives easily and efficiently. It offers a trading as well as a Demat account for its customers, and one can seamlessly switch between the two as per their needs.

This article contains a detailed description of Zerodha, its products, and applicable charges on various transactions.

Zerodha and Charges Applicable

Zerodha refers to an online discount broker that provides consumers with a set, Flat-fee brokerage plan. On equity delivery trades, it charges no commission. Across all trading categories, the stockbroker's maximum brokerage is Rs. 20 per order. The smallest Brokerage Fee is 0.03% of the total transaction amount. A trader must pay a variety of fees in addition to brokerage.

The following are some of the most common Zerodha charges:

• Zerodha account opening costs are Rs. 200 for online accounts and Rs. 400 for offline accounts.
• AMC charges for a demat account with zerodha is Rs. 300.
• Brokerage on Zerodha Equity Delivery is free.
• Zerodha intraday fees: Rs. 20 or 0.03% of executed orders, whichever is lesser.
• You can also use the Zerodha broking charges calculator to get a more detailed idea.

Pros of Zerodha

This broker's benefits and advantages are as follows:

• Zerodha is a self-clearing broker, which means they don't charge consumers for clearing fees.
• They solely offer Direct Mutual Fund Investment Plans.
• Golden Pi also allows you to invest in Bonds and G-securities.
• Everyone can benefit from free stock Market classes and financial education.

Cons of Zerodha

This broker's disadvantages that need to be addressed are as follows:

• When compared to other brokers, Zerodha's Call and trading expenses are higher when considering Zerodha vs Angel Broking Charges or any other.
• Only an offline approach is available for opening an NRI account.
• Customer service can be slow to respond.
• Software difficulties occur from time to time due to the large consumer base.

Popular Trading Products by Zerodha

Here is a list of all the popular products of Zerodha:

1. Coin

Mutual Funds can be purchased online directly from asset management businesses using Zerodha Coin without any additional fees. On your investment, you would save both upfront and trail commissions. Visit the fund house's website or office and fill out the form to invest directly. In addition, Zerodha Coin is available for no cost whatsoever.

2. Coin Mobile

For investing in Mutual Funds, Coin mobile is a smartphone application that has all of the capabilities of Zerodha Coin. Use your Kite account to log in and begin enjoying the app.

3. Kite Connect API

Zerodha's exchange-approved web-based trading platform, Kite, is the foundation of Kite Connect, a collection of simple HTTP APIs. Your trading platform can be built using the Kite connect API. You can access data such as profiles and funds, order history, positions in the market, and live quotes through a computer program. You can place orders or manage their Portfolio at your convenience. Kite Connect API is free for startups; however, it costs Rs. 2000 per month for retailers.

4. Console

If you're a Kite connect user, you can track and manage your own programmatic API usage through a Console. Such access can be paused and resumed, invalidated, and monitored at any time.

Zerodha Account Opening Charges

A stock Trading Account and Demat account are available with Zerodha. Zerodha charges fees, commissions, and Taxes to its customers. Following are the Zerodha cost structure and trading commission rates. There are account establishment and annual maintenance fees associated with opening a Zerodha Account (AMC).

Brokerage Charges for Zerodha in 2024

When a customer buys or sells stocks through Zerodha, they pay a brokerage commission. For equity, commodities, and currency derivatives trading, Zerodha charges the following brokerage fees:

The charges can be best analyzed using the Zerodha broking calculator on its official website.

Demat Account Charges for Zerodha in 2024

The trading commission is charged separately from the Demat account transactions. To start a Zerodha trading and Demat account, you'll need to pay Rs. 200. Zerodha levies a Demat account AMC of Rs. 300 per annum. Zerodha Demat debit transaction fee of Rs. 13.50 for every debit transaction is imposed by the company.

Zerodha Transaction Charges

Exchange Turnover Charge and Trade Clearing Charge combined are considered, as follows:

It can also be best analyzed using the Zerodha Broking brokerage calculator.

Trading Taxes on Zerodha

Zerodha also charges government taxes and levies. These Zerodha trading taxes are included in the contract note that is provided to the customer at the conclusion of the Business Day. Zerodha tax can be calculated as following:

1. Securities Transaction Tax

• Equity Delivery is 0.1% on buying or selling
• Equity Intraday is 0.025% on selling
• Equity Futures is 0.01% on selling
• Equity Options is 0.05% on selling
• Commodity Futures is 0.01% on selling
• Commodity Options is 0.05% on selling
• Currency F&O does not have any STT
• On Exercise transaction, STT is 0.125%
• Right to entitlement is 0.05% on selling

2. GST

18% on the sum of Brokerage, Transaction Charge, and SEBI Fee

3. SEBI Charges

0.00005% (Rs. 5 for each Crore)

4. Stamp Duty

• (Only on buying) Intraday: 0.003%, Delivery: 0.015%, Equity Options: 0.003%, Equity Futures: 0.002%, and Currency F&O: 0.0001%.
• Commodity Options: 0.003% (MCX), and Commodity Futures: 0.002%

Frequently Asked Questions

1. Does Zerodha charge a brokerage fee for transactions?

A: A brokerage fee is charged by Zerodha for every one of its customers. As it turns out, the stockbroker provides a certain amount of leisure by allowing Equity Delivery to be free of brokerage. In this area, clients do not have to pay any brokerage fees, which is a great thing.

2. What are Zerodha's intraday brokerage charges?

A: There is a charge of Rs. 20 per order for Investing in Zerodha's intraday market segment. Zerodha charges a fixed payment for practically all of its services, with the exception of equity distribution. Since the rate is lower, you can save money by trading in large volumes.

3. Is Zerodha's delivery service free?

A: Free delivery is available on Zerodha. If you want to take delivery of shares, you won't be charged a brokerage fee. Investment with Zerodha is worthwhile because of the many deals that the stockbroker makes available to investors.

4. Is Zerodha a decent choice for a newbie?

A: It is great for novices because there are so many tools that will help you learn a lot of information. You may evaluate all of your trades on the chart on the back-office platform Q, to learn from mistakes or other blows besides trading software PI. They offer free back-testing and minute data for up to 120 days, as well as EOD data for many years, according to the company.

5. Can I get a Zerodha account for free?

A: The account opening fee is determined by the broker or Bank. Some of them now offer free account opening, but it's preferable to open an account and gain more profit by paying less brokerage than to not open an account at all and risk losing money. Opening an account for free, but having to pay high brokerage costs for the duration of your investment, is not a suitable alternative. You may open an account with Zerodha for Trading, Demat, and Commodity Trading accounts.

Opening a trading and Demat account will cost Rs. 300, while printing the form and purchasing the commodity would cost Rs. 200. If you write and send a courier, it will cost you Rs. 100.

6. In Zerodha, is my money safe from prying eyes?

A: If you're considering investing in Zerodha, you can do so with confidence, as it's a reputable stockbroker. Many individuals have invested in it and have been working on it for many years. Also, if you look at the rating, it's a perfect five stars. Zerodha can contact the team if a customer has a problem. In conclusion, Zerodha is a safe and fantastic platform to invest in and is recommended to everyone.

7. What is Zerodha Kite?

A: Zerodha Kite is India's well-known stockbroker. Kite is a web-based trading platform for investors and traders alike. You can use it on a laptop, PC, or smartphone via the browser. Enter your client id and password, and you'll be logged in. In the form of a kite, it is also equipped with all the charting tools essential for traders. If you use or plan to utilize Zerodha, you won't have to pay a dime.

8. Does Zerodha charge for orders that are cancelled?

A: Clients who engage with Zerodha are sometimes under the Impression that there is a fee for brokerage on order cancellations. There are no additional fees for brokerage or cancelled orders on Zerodha's end, either. Because of its size and service, it is one of India's leading brokerage firms. If, for any reason, you decide to cancel your order, you will not be charged anything. It's free. Individuals might also gain a lot from this.