Zerodha brokerage charges in India 2023

Zerodha brokerage charges in India 2023-Zerodha is one of the leading online discount brokers in India, offering a wide range of services to its clients. It was founded in 2010 by Nithin Kamath and is headquartered in Bangalore.

Zerodha offers a modern trading platform, a range of investment options, and low brokerage charges, making it a popular choice among traders and investors in India.

In this article, we will explore the various brokerage charges that Zerodha levies on its clients.

Zerodha brokerage charges in India 2023:Equity

1. Equity Delivery Zerodha charges zero brokerage on equity delivery trades. This means that clients can buy and hold shares for as long as they want without incurring any brokerage charges. However, there is a transaction charge of 0.00325% of the trade value, which is levied by the exchanges. In addition, clients have to pay GST at 18% on the brokerage and transaction charges.
2. Equity Intraday For equity intraday trades, Zerodha charges a brokerage of 0.03% of the trade value or Rs. 20 per executed order, whichever is lower. The minimum brokerage charge per trade is Rs. 0.01. In addition, clients have to pay a transaction charge of 0.00325% of the trade value, which is levied by the exchanges. GST at 18% is also applicable on the brokerage and transaction charges.
3. Equity Futures For equity futures trades, Zerodha charges a brokerage of 0.03% of the trade value or Rs. 20 per executed order, whichever is lower. The minimum brokerage charge per trade is Rs. 0.01. In addition, clients have to pay a transaction charge of 0.002% of the trade value, which is levied by the exchanges. GST at 18% is also applicable on the brokerage and transaction charges.
4. Equity Options For equity options trades, Zerodha charges a brokerage of Rs. 20 per executed order, irrespective of the trade value. The minimum brokerage charge per trade is Rs. 0.01. In addition, clients have to pay a transaction charge of 0.053% of the premium value, which is levied by the exchanges. GST at 18% is also applicable on the brokerage and transaction charges.
5. Zerodha brokerage charges in India 2023:Currency Feauture:Currency Futures and Options For currency futures trades, Zerodha charges a brokerage of 0.03% of the trade value or Rs. 20 per executed order, whichever is lower. The minimum brokerage charge per trade is Rs. 0.01. In addition, clients have to pay a transaction charge of 0.0015% of the trade value, which is levied by the exchanges. GST at 18% is also applicable on the brokerage and transaction charges.

For currency options trades, Zerodha charges a brokerage of Rs. 20 per executed order, irrespective of the trade value. The minimum brokerage charge per trade is Rs. 0.01. In addition, clients have to pay a transaction charge of 0.044% of the premium value, which is levied by the exchanges. GST at 18% is also applicable on the brokerage and transaction charges.

6. Commodity Futures For commodity futures trades, Zerodha charges a brokerage of 0.03% of the trade value or Rs. 20 per executed order, whichever is lower. The minimum brokerage charge per trade is Rs. 0.01. In addition, clients have to pay a transaction charge of 0.0026% of the trade value, which is levied by the exchanges. GST at 18% is also applicable on the brokerage and transaction charges.
7. commodity options trades, Zerodha charges a brokerage of Rs. 20 per executed order, irrespective of the trade value. The minimum brokerage charge per trade is Rs. 0.01. In addition, clients have to pay a transaction charge of 0.05% of the premium value, which is levied by the exchanges. GST at 18% is also applicable on the brokerage and transaction charges.

8. Other Charges Apart from brokerage charges, Zerodha levies other charges on its clients. These include account opening charges, annual maintenance charges, and fund transfer charges. Let’s take a closer look at each of these charges.

a) Account Opening Charges Zerodha offers two types of trading accounts – a trading account only and a trading and demat account. The account opening charges for a trading account only are Rs. 200, while the account opening charges for a trading and demat account are Rs. 300. These charges are one-time charges and are not refundable.

b) Annual Maintenance Charges Zerodha charges an annual maintenance fee of Rs. 300 for a trading account only and Rs. 500 for a trading and demat account. This fee is charged annually and is payable in advance. The fee is levied to maintain the client’s account and keep it active.

c) Fund Transfer Charges Zerodha offers multiple options for clients to transfer funds to and from their trading accounts. These options include NEFT, RTGS, UPI, and IMPS. Zerodha does not levy any charges for fund transfers using UPI and IMPS. However, for NEFT and RTGS transfers, Zerodha levies a charge of Rs. 5 per transfer.

9. Pros and Cons of Zerodha’s Brokerage Charges Zerodha’s brokerage charges are among the lowest in the industry, making it an attractive choice for traders and investors. In addition, Zerodha charges zero brokerage on equity delivery trades, which is a significant advantage for long-term investors. Zerodha also offers a range of investment options, including equities, commodities, and currencies.

However, Zerodha’s brokerage charges for equity options trades are relatively high compared to its competitors. In addition, Zerodha’s annual maintenance charges are higher than some of its competitors. Zerodha’s fund transfer charges for NEFT and RTGS transfers are also higher than some of its competitors.

10. Conclusion Zerodha’s brokerage charges are among the lowest in the industry, making it an attractive choice for traders and investors. Zerodha’s zero brokerage on equity delivery trades is a significant advantage for long-term investors. Zerodha offers a range of investment options, including equities, commodities, and currencies.

However, Zerodha’s brokerage charges for equity options trades are relatively high compared to its competitors. In addition, Zerodha’s annual maintenance charges are higher than some of its competitors. Zerodha’s fund transfer charges for NEFT and RTGS transfers are also higher than some of its competitors. It is essential to consider all these factors while choosing a broker for your trading and investment needs.