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Zerodha Vs HDFC Securities: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of Zerodha Max Rs 20 per trade while the brokerage of HDFC Securities ranges between .05 to .5%. Zerodha is a Discount Broker where HDFC Securities is a Full Service Broker. Zerodha is having overall higher rating compare to HDFC Securities. Zerodha is rated 4.5 out of 5 where HDFC Securities is rated only 4 out of 5. Number of active customer for HDFC Securities is 63,24,623 where number of active customer for Zerodha is 10,16,493. HDFC Securities is serving more customer compare to Zerodha.

Here we present side-by-side comparison of Zerodha vs HDFC Securities share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Zerodha vs HDFC Securities's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of Zerodha vs HDFC Securities share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Zerodha vs HDFC Securities's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare Zerodha vs HDFC Securities on Service

  Zerodha Compare
Zerodha
HDFC Securities Compare
HDFC Securities
Overall Rating Rated 4.5 stars Rated 4 stars
Brokerage Charges Rated 4.5 stars Rated 3 stars
Trading Platform Rated 4.5 stars Rated 4.5 stars
Investments Offering Rated 4 stars Rated 4.5 stars
Customer Service Rated 4.5 stars Rated 3.5 stars
Broker Type What is this parameter? Discount Broker Full Service Broker
Exchanges Supported What is this parameter? NSE, BSE, MCX NSE, BSE, MCX
Active Clients 10,16,493 63,24,623
Broker Overview Zerodha is the game-changing discount broker with the concept of an Rs. 20/order flat brokerage model and commission-free direct mutual fund investment platform in India. Free delivery trading, the superfast Zerodha Kite app, and web trading platform... Know more about Zerodha With over 2 decades of experience, exceptionally great 24/7 customer services, and world-class research & advisory, HDFC Securities has topped the list of the best full-service brokers in India serving above 10 lakh customers. It is a one-stop sh...Know more about HDFC Securities
Broker Enquiry Request call back from Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

Compare Zerodha vs HDFC Securities on Trading & Demat Account Opening Charges

Comparison of Zerodha with HDFC Securities on trading & demat account opening charges and AMC. Trading account opening charges - Zerodha charges Online Rs 200 (Eq+Curr), Rs 300 (Eq+Curr+Com) for account opening where HDFC Securities charges Rs 999 for account opening. Demat AMC charges - Zerodha charges Rs 300 PA AMC for Demat account where HDFC Securities charges Rs 750 PA (Waived for 1st year) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Zerodha with HDFC Securities
Charges Zerodha HDFC Securities
Trading Account Opening Fees Online Rs 200 (Eq+Curr), Rs 300 (Eq+Curr+Com) Rs 999
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 300 PA Rs 750 PA (Waived for 1st year)
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Zerodha vs HDFC Securities on Plan Options

Plans are the most important feature you look when compare Zerodha with HDFC Securities. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers don't have Multiple Plans, brokers offer only single plan.. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare Zerodha with HDFC Securities on Plan Options
Plan Types Zerodha HDFC Securities
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Zerodha Zerodha
Account Opening Request
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Brokerage Charges

Compare Zerodha vs HDFC Securities on Brokerage Charges

Zerodha Brokerage Plan detail - Zerodha charges Rs 20 or .03%, whichever is lower, for equity Intraday, F&O, commodity and currency on NSE, BSE and MCX. No upfront brokerage or turnover commitments on your trade. Rs 20 is the maximum brokerage you need to pay per executable order. Zero brokerage on equity delivery trading.

HDFC Securities Brokerage Plan detail - HDFC Securities have a fixed percentage base brokerage plan, where Minimum brokerage is fixed at Rs 25 Per Order. They are second best in Currency derivatives plan. Equity Intraday & Option prices are on a higher range and Equity Delivery & Future trading is on average brokerage level compared to other full-service brokers.

Brokerage Charges - Compare Zerodha with HDFC Securities
Brokerage Charges Compare Zerodha HDFC Securities
Plan Name Max Rs 20 per order Trading Plan Percentage based brokerage plan
Equity Delivery Free 0.50%
Equity Intraday 0.03% or Rs 20 whichever is lower 0.05%
Equity Futures 0.03% or Rs 20 whichever is lower 0.05%
Equity Options Flat Fee Rs 20 Higher of 0.1% of Premium or Rs 100 per lot
Currency Futures 0.03% or Rs 20 whichever is lower Rs 23 per lot
Currency Options Flat Fee Rs 20 Rs 20 per lot
Commodity Trading Flat Fee Rs 20 Rs. 20 per order, Options: Rs. 100 per lot
Minimum Brokerage NIL Rs 25
Hidden Charges No Yes
Funding Info Not Available Yes - 18% interest PA
Call & Trade Charges Rs 50 Per Executable Order Free
Auto Square off Charges Rs 50 Per Executable Order Free
Brokerage Calculator Brokerage Calculator for Zerodha Brokerage Calculator for HDFC Securities
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Share Broker's Transaction Charges

Compare Zerodha vs HDFC Securities on Transaction Charges

Compare Zerodha with HDFC Securities on transaction charges and PCM fee by segment.

Transaction Charges - Compare Zerodha with HDFC Securities
Transaction Charges Compare Zerodha HDFC Securities
Equity Delivery Rs 335 Per Cr Rs 335 Per Cr
Equity Intraday Rs 335 Per Cr Rs 335 Per Cr
Equity Futures Rs 200 Per Cr Rs 200 Per Cr
Equity Options Rs 5050 Per Cr Rs 5050 Per Cr
Currency Futures Rs 90 Per Cr Rs 90 Per Cr
Currency Options Rs 3500 Per Cr Rs 3500 Per Cr
Commodity Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr NA
Brokerage Charges Complete Brokerage Plans for zerodha Complete Brokerage Plans for hdfc-securities
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Account Features

Compare Zerodha vs HDFC Securities on Account Features

Compare Zerodha with HDFC Securities on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 3-in-1 account which includes bank, trading and demat account. Algo Trading - Zerodha offers Algo Trading where HDFC Securities doesn't offers Algo Trading. Margin Funding - Both broker dont have a margin funding facility. NRI Trading - Both broker provides NRI Trading facility.

Account Features - Zerodha with HDFC Securities
Account Features Compare Zerodha HDFC Securities
3 in 1 Account Yes, Zerodha have 3-in-1 accounts. Bank Account, Demat and Trading account. Yes, Zerodha have 3-in-1 accounts. Bank Account, Demat and Trading account.
Charting Yes Yes
Algo Trading Yes No
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available No No
Combined Ledger for Equity and Commodity Yes No
Intraday Square-off Time 3:10 PM 3:15PM
NRI Trading Yes Yes
Other Features NIL NIL
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Trading Platform

Compare Zerodha vs HDFC Securities on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Zerodha and HDFC Securities. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare Zerodha with HDFC Securities
Trading Platform Compare Zerodha HDFC Securities
Desktop Trading Platform Kite By Zerodha ProTerminal
Desktop Demo Info Not Available Desktop Demo
Desktop Platform (Windows) No Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://trade.hdfcsec.com/
Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App Zerodha Kite HDFC securities Mobile
Mobile Trading App Demo Zerodha Kite Demo HDFC securities Mobile Demo
Android Mobile App Yes Yes
Android App Download Andriod Zerodha Kite Download Andriod HDFC securities Mobile Download
iPhone Mobile App (IOS) Yes No
iOS App Download iOS Zerodha Kite Download iOS HDFC securities Mobile Download
Android Tablet App Yes Yes
iPad App (IOS) Yes No
Trading Software Charges Free Proterminal - Rs. 2500 (Offer price: Rs. 1500)
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Zerodha Equity Intraday and Delivery Brokerage Calculator for HDFC Securities
Futures Brokerage Calculator Futures Brokerage Calculator for Zerodha Futures Brokerage Calculator for HDFC Securities
Options Brokerage Calculator Options Brokerage Calculator for Zerodha Options Brokerage Calculator for HDFC Securities
Detail Detail on Trading Platforms for zerodha Detail on Trading Platforms for hdfc-securities

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Broker Ratings by Users

Compare Zerodha vs HDFC Securities on User Rating

  Zerodha HDFC Securities
  159 Customer Reviews    Rate Zerodha 97 Customer Reviews    Rate HDFC Securities
Fees Ratings 4.0 2.4
Trading Brokerage Rating 4.5 2.1
Trading Platform Usability 3.7 2.9
Customer Service Ratings 3.8 2.8
Overall Ratings Rated 3.9 stars Rated 2.4 stars
Broker Rating Zerodha is Rated 3.9 / 5 based on 159 customer reviews HDFC Securities is Rated 2.4 / 5 based on 97 customer reviews
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Investment Offerings

Compare Zerodha vs HDFC Securities on Investment Offerings

Compare Zerodha with HDFC Securities on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Both broker offers trading options in Commodity (MCX). Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

Investment Offerings - Compare Zerodha with HDFC Securities
Investment Offerings Compare Zerodha HDFC Securities
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
ETF Yes Yes
Banking No Yes
Insurance No Yes
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment No Yes
PMS Service No No
Other Investment Options NIL Insurance
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Order Types

Compare Zerodha vs HDFC Securities on Order Types

Order Type - Compare Zerodha with HDFC Securities on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - both brokers provides Cover Orders (CO). You can trade in equity and index derivatives using Cover Orders. Cover Orders (CO) are placing a compulsory stop loss and this is an Intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Both broker don't have Bracket Orders (BO).With the name its cleare in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- Zerodha offers After Market Orders where HDFC Securities doesn't offers AMO. GTC Orders- Both offers Good Till Cancelled (GTC) orders. GTC means you place a buy or sell equity limit order and your order remains in the system until it executed or reaches the specified number of days.

Order Types - Compare Zerodha with HDFC Securities
Order Type Compare Zerodha HDFC Securities
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order No No
AMO-After Market Orders Yes No
GTC-Good Till Cancelled Yes Yes
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Customer Service Offered

Compare Zerodha vs HDFC Securities on Customer Service

Compare Zerodha with HDFC Securities on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare Zerodha with HDFC Securities
Customer Service Compare Zerodha HDFC Securities
24/7 Customer Service Zerodha vs HDFC Securities - 24x7 customer support No No
Email Support Zerodha vs HDFC Securities - Email Support Yes Yes
Onine Live Chat Zerodha vs HDFC Securities - Onine Live Chat No Yes
Phone Support Zerodha vs HDFC Securities - Phone Support Yes Yes
Toll Free Number Zerodha vs HDFC Securities - Toll Free Number No No
Through Branches Zerodha vs HDFC Securities - Through Branches Yes Yes
Customer Care Number Zerodha vs HDFC Securities - Customer Care Number "+ 91 80 4040 2020" 022-39019400
Account Opening Process Zerodha vs HDFC Securities - Account Opening Process Online/Paperless Offline
Customer Support Email Zerodha vs HDFC Securities - Customer Support Email [email protected] [email protected], customer
Knowledge Center/Education Zerodha vs HDFC Securities - Knowledge Center/Education https://zerodha.com/varsity/ https://www.hdfcsec.com/products/demolisting/
Head Office Address Zerodha vs HDFC Securities - Head Office Address/Corporate Address Zerodha Headquater
#153/154 4th Cross Dollars Colony,
Opp. Clarence Public School,
J.P Nagar 4th Phase,
Bangalore - 560078
LODHAI-I THINK TECHNO CAMPUS BLDG-ALPHA,
8 FLR, NEAR KANJURMARG RLYSTN,
KANJURMARG,
MUMBAI-MH-400042
Website Zerodha vs HDFC Securities - Company Website https://zerodha.com/ https://www.hdfcsec.com/
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Tips/Research/Reports Published

Compare Zerodha vs HDFC Securities on Research Reports, Tips

Compare Zerodha with HDFC Securities on research reports and tips provided by the broker.

Research Reports - Compare Zerodha with HDFC Securities
  Zerodha HDFC Securities
Research Mutual Funds Zerodha vs HDFC Securities - Research Mutual Funds No Yes
Research Equity Reports Zerodha vs HDFC Securities - Research Equity Reports No Yes
Research ETF Zerodha vs HDFC Securities - Research ETF No Yes
Daily Market Report Zerodha vs HDFC Securities - Daily Market Report No Yes
Free Tips Zerodha vs HDFC Securities - Free Tips No Yes
Quarterly Result Analysis Zerodha vs HDFC Securities - Quarterly Results No Yes
News Alerts Zerodha vs HDFC Securities - No Yes
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Demat Account

Compare Zerodha vs HDFC Securities on Demat Account

Compare Zerodha with HDFC Securities on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for HDFC Securities is ₹750 pa where for Zerodha is ₹300 pa.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for Zerodha is ₹8 + ₹5.50 (CDSL Charges) per transaction where for HDFC Securities is 0.04% (Min ₹20) + CDSL charges.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare Zerodha with HDFC Securities
  Zerodha HDFC Securities
DP Source CDSL CDSL
DP ID Zerodha vs HDFC Securities - DP ID 81600 12400
Demat Account Annual Maintenance Charges(AMC) ₹300 pa ₹750 pa
Advance Deposit Nil Customer having only Depository relationship with the Bank has to pay an advance fee of Rs.7,500/-
Statutory charges ₹50 Nil
Transaction Charges on Debit (Per ISIN) ₹8 + ₹5.50 (CDSL Charges) per transaction 0.04% (Min ₹20) + CDSL charges
Demat ₹150 per certificate + ₹100 courier charges ₹5 per certificate + ₹35 request charges
Remat ₹150 per certificate + ₹100 courier charges + CDSL Charges ₹30
Pledge Creation ₹20 + ₹12 CSDL charges Nil
Pledge Creation Confirmation Nil 0.04% of transaction value (Min ₹40)
Pledge Closure ₹20 + ₹12 CSDL charges Nil
Pledge Closure Confirmation Nil 0.04% of transaction value (Min ₹40)
Pledge Invocation ₹20 0.04% of transaction value (Min ₹40)
Failed Instruction Charges ₹50 per instraction Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Zerodha vs HDFC Securities on Special Offers and Promotion

Compare Zerodha with HDFC Securities on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare Zerodha vs HDFC Securities on Special Offers and Promotion
  Zerodha HDFC Securities
Pay In and Pay Out Options Zerodha vs HDFC Securities - Pay In and Pay Out Options pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS, NEFT or RTGS, Netbanking from Kite
Pay-out/Fund Withdrawal - Bank Transfer only
Pay-in/adding funds - Cheque, Online Bank Transfer from HDFC Bank.
Pay-out/Fund Withdrawal - Bank Transfer only.
Payout Time Zerodha vs HDFC Securities - Payout Time Max 24 hrs except for bank holidays Instant to HDFC Bank.
Bank Supported and Charges Zerodha vs HDFC Securities - Bank Supported and Charges Around 25 banks allow instant credit facility with charges of Rs 9 from zerodha trading platform (kite/PI). Info Not Available
Bank Detail HDFC Bank
Account#ZERNSE
Branch: Sandoz Branch, Mumbai
IFSC Code:HDFC0000240
Direct from your HDFC bank account.
Likes

Trading with Zerodha brings multiple benefits or advantages, an indicative list is as follows;

  • 0 brokerage on delivery trades.
  • Max Rs. 20 brokerage on intraday and F&O trades.
  • Open Zerodha IDFC First 3-in-1 Account (Demat + Trading + IDFC First Bank).
  • Zero brokerage investment in direct mutual funds on Coin.
  • 100% online account opening and account closure facility.
  • Apply for IPO (Mainboard IPO and BSE SME & NSE SME IPO) online for Free.
  • Kite superfast and feature-rich web and app trading platform.
  • No upfront fee or commitment.
  • Zerodha Varsity, a free stock-market learning platform for beginners.
  • Zerodha offers NRI Trading services.
  • Free UPI-based hassle-free fund transfer process.
  • Advanced order placement facility; bracket order, cover order, and after-market order.
  • Zerodha GTT (Good Till Triggered) order feature.
  • Zero minimum deposit.
  • No hidden charges.
  • Zero-level Debt Company.

Detail Review...

  • Invest across all types of asset classes on BSE, NSE, and MCX.
  • Free web and mobile app-based trading platforms.
  • Ultra-speed and feature-rich ProTerminal platform.
  • Brokerage-free mutual fund investment.
  • Voice-enabled investing with Arya Intelligent Chatbot.
  • Advanced portfolio tracking.
  • Quick payout upto Rs. 5 Lac with Encash facility.
  • Free call & trade
  • Apply for IPOs online in just 3 clicks.
  • Start StockSIP.
  • Invest in shares of US-based companies.
  • Smallcase, a thematic investing platform.
  • Get access to HDFC research for
  • Place advance orders like bracket order, cover order, and Good Till Date (GTD) order.
  • Margin trading facility.

Detail Review...

Dislikes

Despite many advantages, there are following drawbacks while trading with India's leading discount broker, Zerodha

  • Zerodha doesn’t offer intraday trading tips, recommendations, research, or advisory facility.
  • High call & trade charges of Rs. 50 per executed order.
  • High auto square-off charges of Rs. 50 per executed order.
  • Lifetime Zero Demat AMC account is not available.
  • Zerodha does not provide Free Unlimited Monthly Brokerage Plan.
  • The 3-in-1 account opening facility is only available with IDFC First Bank.

Detail Review...

  • Minimum brokerage fee of Rs. 25 per trade, subject to a maximum 2.5% ceiling on trade value.
  • High brokerage charges.
  • High Demat maintenance charges.
  • ProTerminal is a paid platform that charges a subscription fee every year.

Detail Review...

Special Offers/Promo Zero Brokerage for Equity Delivery and Zero Commission on Mutual Fund Investment (Direct Mutual Funds), Pay max Rs 20 for equity intraday, F&O, currency and commodity trading. No Hidden Charges.
Enquiry Open Zerodha Account Now>> Open Zerodha Account Now>>

Last Updated on 2023-09-13T05:06:06+00:00

FAQs

HDFC is one of the largest full-time brokers of India which is a registered member of BSE, NSE, IRDA, PFRDA, AMFI, and MCX. The broker offers a different arena of products including equity, derivatives, fixed deposits, mutual funds, insurance, IPOs, bonds, currency derivatives, NCDs, ETF, and NPS. The broker has more than 250 branches across the country.

While Zerodha is a discount broker that offers low brokerage and high exposure. Zerodha offers its investors to trade and invests in equity, equity F&O, commodity, currency, Direct Mutual Funds through SIP and lump-sum, ETFs, Government securities, and bonds. HDFC Securities Limited provides the full exposure of all the worlds, however, Zerodha has resources but not as much compared to HSL.

 

The process is simple. You can transfer via transfer slips you received from HDFC. If you transfer all shares from HDFC to Zerodha and close HDFC account, then it will be almost free. If you just transfer shares and keep HDFC account open then you need to pay transfer charges.