Zerodha is the largest discount broker which was started in 2010. It is HQ in Bangalore and provide fixed brokerage plan. So irrespective of the volume of the trade, you will never have to pay more than Rs 20 per trade. Compared to some full service broker like ICICI direct and Sharekhan, you can save almost 90% of brokerage.
Zerodha offers trading in NSE, BSE and MCX. You can use them for trading in stock, currency, commodities and Mutual funds all under one roof making life easier for you. They also are a DP with CDSL. They don’t keep your shares in pool but the shares are directly transferred to your Demat account.
They have grown tremendously in 7 years and have more than 2.5 lakh customer trading with them in 2017.
The account opening charges for Zerodha are as follows
|Account type||Opening Charges|
|Demat account||Rs. 100|
|Trading account||Rs. 200|
|Total(For Trading + Demat)||Rs. 300|
|Total(For Equity and Commodity)||Rs. 500|
Annual Maintenance Charge for Zerodha are as follows :
|Trading account AMC||Rs. 0|
|Demat account AMC||Rs.300 + service Tax|
|Commodity account AMC||Rs. 0|
As shown, if you are only opening trading account with them, the charges are Rs 200. If you don’t have a Demat account then you will not be able to take delivery of shares. Also some of you may want to keep your old Demat account, in that case you will be able to use Zerodha trading account for buying shares but selling would not be possible through them as your Demat account is with some other broker. So you would be able to sell your shares with the old broker only.
So It is much more user friendly if you keep both your trading account and Demat account with once broker.
If you open Trading + Demat account, you have to pay Rs 300.
Charges for commodity account opening with Zerodha is Rs 200. You can open either one of the account as per your requirement.
Annual Maintenance charge is Rs 300 + Service tax, which is chargeable from second year onwards. Do remember that this is for keeping the Demat account. If you are a trader and only trade in Intraday and F&O, you will not need to have a Demat account.
Account opening charges can also be paid online later. So if you don’t have a cheque, you can pay it online once your account is opened. Some website will tell you that they offer discount but there is no discount offered by Zerodha. You will need to pay these charges if you have to open account with them.
There are some broker which provide free account opening but remember that they will either take a margin cheque for account opening or will have a high brokerage charge associated with them. Zerodha account does not need minimum margin cheque.
Apart from account opening and AMC charges, there are DP charges and some other charges associated with maintaining and using the account. This can be called hidden charges but in reality they are shown on the form and you do sign on them while opening account.
These charges will not be applicable on you most of the time if you are trading online. The one charge which would be applicable in that case would be when you sell share from your Demat account, there would be a charge of Rs 13.5 per transaction. This is charged as DP charges and applicable only when you sell your holding.
The other charges applicable on Zerodha are shown below
|Details||FOR INDIVIDUALS/HUF/CORPORATES( POA Clients)|
|Stamp charges payable upfront||Rs.50/-|
|Annual Maintenance Charges : (Payable Upfront) and subsequently through ECS / Cheque|
|a. Individuals/Non Individual (except Corporate)||Rs.300/-|
|b. Non Individual – Corporate||Rs.1000/-|
|Transaction Charges : (Market Trades)|
|b. Sell (Debit)||0.03% or Rs.25/- whichever is higher|
|Demat (Per certificate)||Rs 10/- (Subject to minimum of Rs.25/- per ISIN)|
|Remat (Per certificate)||Rs 15/- (Subject to minimum of Rs.50/- per ISIN)
|Courier charges per Demat/Remat/Demat Rejn.||Rs 50/-|
|Pledge Request||Rs 20/- + Rs 12 per request (CDSL Charges)|
|Unpledge Request||Rs 20/- + Rs 12 per request (CDSL Charges)|
|Pledge invocation||Rs 20/-|
|a. By Email||Free|
|b. Physical||Rs.50/- (Courier Charges)|
|Adhoc / Non Periodic Statement Requests|
|a. By Email||Rs.10/- per request|
|b. Physical||Rs.50 per
at Rs. 5+ Rs.50/- (Courier)request upto 10 pages.
Every additional page
|a. First Delivery Instruction Book||Free (10 Leaves)|
|b. Every Addl Booklet (10 Leaves)||Rs.100/-|
|Cheque Bounce Charges||Rs.350/-|
|Failed Transactions||Rs.50 per ISIN|
|Modification in CML||Rs. 25/- per request|
|KRA Upload / Download||Rs. 50/-|
Explanation of all the charges by Zerodha in detail :
POA – Stamp charges payable upfront – This is included in the account opening charges and this would not be debited from your account.
AMC charges – As explained above, for retail investor Rs 300 + ST, for corporate account the charges are Rs 1,000 + ST.
Transaction Charges(Market trades) – This is payable to DP when you sell shares from them. Buying is free and selling cost Rs 13.5 per transaction.
Transaction charges (Off market trades) – If you are transferring your holding from your old Demat account, they are known as off market trades. For receiving shares, there are no charges. In case if you are transferring shares, then there is a charge of 0.03% or Rs 25 per scrip.
Demat certificate – The cost for getting Demat certificate is Rs 10.
Remat – To get remat shares(in paper format), the charges are rs 15, minimum charge of Rs 50 per scrip + CDSL charges as applicable.
Courier charges – To get Demat/remat certificates, you have to pay Rs 50 as courier charges.
Pledge request – If you want to use your share holding to get limit, you can pledge them. The cost of pledging is Rs 20 + 12 CDSL charges. They are applicable on both pledging/unpledging of shares.
Periodic Statement – If you need statement by post, there is a charge of Rs 50 + courier charges at actual. Remember that you will get the statement in email free of cost which you can print for your needs.
Adhoc statement – If you need statement in between the month, then there is a charge of Rs 10 per request. For getting by mail, you have to pay Rs 50 per request. Do remember that you can look at your statement as many times as you want online, these charges is only applicable if the Demat statement are request from the DP.
Delivery instruction slip – If you need to transfer your shares from Zerodha to some other broker, you will need DIS slip for doing off market trade. First 10 DIS slip are provided free of cost. For every additional DIS booklet, you have to pay Rs 100.
Cheque Bounce charges – Would be applicable at the rate of Rs 350.
Failed transaction – If Delivery instruction fails due to incomplete information, there would be applicable charge of Rs 50 per scrip.
CML (Client master list) – If you want to update your CML, you will need to pay Rs 25/request.
KRA – Uplooad/download would be chargeable at Rs 50.
To simplify about these charges, if you are someone who trades online, the only charge ever payable by you would be Rs 13.5 per scrip selling charge. All other charges are mostly for people who trade offline. This information has been updated based on the account opening form provided by Zerodha.
After reading this article, we have that you would have got all the information about account opening charges and any hidden charges taken by Zerodha. This is the full list of the charges and no other charge would be payable by you.
To open account with Zerodha, please provide your information by clicking on the button below.