What is the cost of stock trading with Zerodha?

Zerodha is the number one discount broker in India. Zerodha is the cheapest and technology advance broker since 2014. You can trade in Equity Cash, Equity Intraday, F&O, Currency Derivatives and Commodity with Zerodha, also free mutual fund account with Zerodha Coin where your can investment in Direct Mutual Funds without any added cost or hidden charges. Zerodha is the trading member of NSE, BSE, and MCX.

We have provided a brokerage Calculator for Zerodha where you can find 100% match of your breakeven point.

This is very commonly asked question by new investors and traders. Cost of trading with Zerodha is divided into two sections.

  • Charges by the Broker
  • Charges by the Exchange or SEBI or other taxes

Let's discuss both the points in more details.

    Charges by the Broker

      Zerodha as a stockbroker charges

    • Equity Intraday - 0.01% or Rs 20 per executed order whichever is lower + 18% GST
    • Equity Delivery – Free (No Brokerage)
    • Equity Future – 0.01% or Rs 20 per executed order whichever is lower + 18% GST
    • Equity Options – Rs 20 per executed order + 18% GST
    • Currency Derivatives – 0.01% or Rs 20 per executed order whichever is lower + 18% GST
    • Commodity – Rs 20 Per executed order + 18% GST

    Charges by exchange or SEBI or taxes

    • Security Transaction Tax (STT) – This is the tax which one needs to pay for buying or selling of securities.
      • Equity Delivery - 0.1% on both Buy and Sell
      • Equity Intraday - 0.025% on the Sell Side
      • Equity Futures - 0.01% on Sell Side
      • Equity Options - 0.05% on Sell Side(on Premium)
      • Currency Futures - No STT
      • Currency Options - No STT
      • Commodity Futures - 0.01% on Sell Side (Non-Agri)
      • Commodity Options - 0.05% on Sell Side
    • SEBI Charges – These charges go to SEBI for any buy or sell of scripts.
      • Rs 15 Per Cr
    • Transaction Charges – This is the charges levied by a stock exchange like NSE, BSE, and MCX for trade execute through them. This is also known as Turnover Charges or Exchange Transaction Charges.
      • Equity Delivery – 325 Per Cr (NSE) + 18% GST
      • Equity Intraday - 325 Per Cr (NSE) + 18% GST
      • Equity Futures - 210 Per Cr (NSE) + 18% GST
      • Equity Options - 5200 Per Cr (NSE) + 18% GST
      • Currency Futures - 110 Per Cr (NSE) + 18% GST
      • Currency Options - 4200 Per Cr (NSE) + 18% GST
      • Commodity Futures – 360 Per Cr (MCX) (Varies By product) + 18% GST
      • Commodity Options – 200 Per Cr (MCX) + 18% GST
    • STAMP Duty – This is a state government tax and it depends on broker operation as well as your residence state. You can find accurate Stamp Duty on our brokerage calculator by selecting your state of residence.

So your total charges will be the sum of brokerage + STT + SEBI Charges + Transaction Charges + STAMP Duty. GST is charged only on brokerage and Transaction Charges.

Now let's see your charges by each segment in tabular format:

Zerodha Equity Delivery Brokerage and Charges

Type Equity Delivery
Brokerage Free
Transaction Charges Rs 325 Per Cr
SEBI Turnover Charges 15 Rs/Crore
STT 0.01% on Both Side(Buy and Sell)
Stamp Duty* Varies by State
GST 18% on the Brokerage and Transaction charges
Brokerage Calculator Equity Delivery Brokerage Calculator

Zerodha Equity Intraday Brokerage and Charges

Type Equity Intraday
Brokerage 0.01% or Rs 20 whichever is lower
Transaction Charges Rs 325 Per Cr
SEBI Turnover Charges 15 Rs/Crore
STT 0.025% on Sell
Stamp Duty* Varies by State
GST 18% on the Brokerage and Transaction charges
Brokerage Calculator Equity Intraday Brokerage Calculator

Zerodha Equity Futures Brokerage and Charges

Type Equity Futures
Brokerage 0.01% or Rs 20 whichever is lower
Transaction Charges Rs 210 Per Cr
SEBI Turnover Charges 15 Rs/Crore
STT 0.01% on Sell
Stamp Duty* Varies by State
GST 18% on the Brokerage and Transaction charges
Brokerage Calculator Equity Futures Brokerage Calculator
SPAN Margin Calculator Equity Futures SPAN Margin

Zerodha Equity Options Brokerage and Charges

Type Equity Options
Brokerage Flat Fee Rs 20
Transaction Charges Rs 5200 Per Cr
SEBI Turnover Charges 15 Rs/Crore
STT 0.05% on Sell
Stamp Duty* Varies by State
GST 18% on the Brokerage and Transaction charges
Brokerage Calculator Equity Options Brokerage Calculator
SPAN Margin Calculator Equity Options SPAN Margin

Other question related to cost of trading:

What are the brokerage charges for BTST orders?

BTST orders are bought today and sell tomorrow, as you are buying and holding shares overnight and selling on next day, they are considered as delivery orders. You need 100% margin for such orders. The brokerage for BTST orders with Zerodha is same as delivery brokerage, which is Free i.e if you buy shares and sell them the next day, you don’t have to pay any brokerage. Usually, Zerodha add funds in your account as soon as your transaction complete. So in such case, you don’t have to wait for T+2 days for your fund.

What if my order executed in multiple transactions, How much brokerage I need to pay?

When your order executes in multiple transactions, still you need to pay brokerage for one order only.

If I place Bracket order or Cover order, will it be considered as one transaction?

No, Buying and selling or Selling and buying are two different transactions, so if you are placing cover order or bracket order, you need to pay brokerage on both the sides.

Does Zerodha have any hidden charges?

No, This is the beauty of working with a discount broker. Zerodha doesn’t have any hidden charges. Your brokerage will be maximum Rs 20 for each executed order. Other charges are as per the above given list.

What if my order executes partially, do I need to pay full brokerage?

Yes, the brokerage is charged on each executed order. So for example, if you have given order for buying 1000 shares of Reliance, and due to your limit only 10 shares order executed in a day, in such case you need to pay .01% or Rs 20 whichever is lower. Broker is not responsible for the number of shares executed in an order.

Why Zerodha is charging higher Transaction charges?

Zerodha is charging regular transaction charges + PCM fees. PCM fees is required to pay to the clearing member. As Zerodha is not a clearing member with exchange, they need to take external service for clearing member, so this fee is pass on to its clients. Even though clearing member fees is very minimum, this is added in transaction charges.

Answered on

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Zerodha Review Zerodha - FREE Delivery Trade and Rs 20 Max for trading in other segments Open Account Now

Number 1 Discount broker, Free Delivery trading, Maximum Rs 20 per order for Intraday, Equity Deravitives (F&O), Currency, Commodity. Free Direct Mutual Fund Investment.


User Comments

avatar
1. Venkat  Dec 15, 2018 9:12:24 AM IST Reply
Grear Explained, Other than PCM fee, all charges are competitive. Now Direct Mutual Fund investment is also free, so one more positive point to open your account with Zerodha.

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