Everything You Should Know About Zerodha
Zerodha is a brokerage firm in India that revolutionized the industry by offering brokerage services at an affordable price. It was a firm in India that introduced the flat Rs. 20 brokerage per order. Before Zerodha, institutional brokers were charging hefty brokerage fees. Since its inception in 2010, it is gaining popularity, especially among retail traders, and growing its user base. As per Statista’s report, it was the leading brokerage house in 2021 owing to the highest number of active clients.
In this blog, we will understand how to open a Demat account with Zerodha and review all the charges it levies.
Zerodha Demat Account Opening Process
To open an account in Zerodha, visit their website. Add your phone number and then click ‘continue’.
Zerodha demat account opening process comprises seven steps. While opening a Zerodha account, keep the digital copy of your Aadhar Card, PAN Card, Canceled Cheque, and Signature on a blank white paper to quickly complete the process.
- Enter PAN number and Date of Birth
- Choose the trading segment of your choice and pay Rs. 200 as account opening fees.
- Enter your Aadhar Number and verify the same via OTP
- Specify additional information like parents’ names and all the other information required
- Enter Bank account information
- Complete the process by recording as per the guidelines provided
- Sign your application form digitally
Once you are done uploading the video, submit your application. It’s all done from your end, now the Zerodha team will verify the details you submitted and open your account if all the information found is correct. The team will update the same via email. In the email, you will receive a User ID and Password to your Zerodha Kite account.
Zerodha Account Opening Charges
Following are the different variants of the Zerodha account and their opening charges:
| Type of account | Equity (for trading Equity, F&O and Currency) | Equity (for trading Equity, F&O and Currency) + Commodity (MCX) |
| Online account | ₹ 200 | ₹ 300 |
| Offline account | ₹ 400 | ₹ 600 |
| NRI account (offline only) | ₹ 500 | N/A |
| Partnership, LLP, HUF, or Corporate accounts (offline only) | ₹ 500 | ₹ 800 |
Zerodha Trading Charges
Zerodha allows you to open a 2-in-1 account. While trading in account traders have to pay only for executed orders. It was the first broking firm in India that introduced the concept of discount brokerage. In the following section, we will see charges for various segments.
Brokerage Charges [Equity]
| Zerodha fees | Equity delivery | Equity intraday | F&O – Futures | F&O – Options |
| Brokerage | 0 | 0.03% or Rs. 20/executed order (whichever is lower) | 0.03% or Rs. 20/executed order (whichever is lower) | Rs. 20 per executed order |
| STT/CTT | 0.1% on both sides | 0.025% on the sell side only | 0.0125% on the sell side only | 0.003% or ₹300 / crore on buy-side |
| Transaction charges | NSE: 0.00325%BSE: 0.00375% | NSE: 0.00325%BSE: 0.00375% | NSE: 0.0019% | NSE: 0.05% (on premium) |
| SEBI charges | ₹10 / crore + GST | ₹10 / crore + GST | ₹10 / crore + GST | ₹10 / crore + GST |
| GST | 18% on (Brokerage + SEBI charges + transaction charges) | 18% on (Brokerage + SEBI charges + transaction charges) | 18% on (Brokerage + SEBI charges + transaction charges) | ▶ 0.125% of the intrinsic value on options that are bought and exercised ▶ 0.0625% on the sell side (on premium) |
| Stamp charges | 0.003% or ₹300 / crore on buy-side | 0.015% or ₹1500 / crore on buy-side | 0.003% or ₹300 / crore on buy-side | 0.003% or ₹300 / crore on buy side |
Zerodha Brokerage Charges [Currency]
| Zerodha charges | Currency futures | Currency options |
| Brokerage | 0.03% or ₹ 20 per executed order (whichever is lower) | ₹ 20 per executed order |
| STT/CTT | No STT | No STT |
| Transaction charges | ▶ NSE: 0.0009%▶ BSE: 0.00025% | ▶ NSE: 0.035%▶ BSE: 0.001% |
| SEBI charges | ₹10 per crore + GST | ₹10 per crore + GST |
| Stamp charges | 18% on (Brokerage + SEBI charges + transaction charges) | ₹10 per crore on buy side |
| GST | 18% on (Brokerage + SEBI charges + transaction charges) | ₹10 per crore on buy-side |
Zerodha Brokerage Charges [Commodity]
| Zerodha charges | Commodity futures | Commodity options |
| Brokerage | 0.03% or Rs. 20 per executed order (whichever is lower) | Rs. 20 per executed order |
| STT/CTT | 0.01% on sell side (Non-Agri) | 0.05% on sell side |
| Transaction charges | 0.05% on sell-side | Exchange txn charge: 0.05% |
| SEBI charges | Agri:₹1 / crore + GST Non-agri:₹10 / crore + GST | ₹10 / crore + GST |
| Stamp charges | 0.003% or ₹300 / crore on buy-side | 18% on (Brokerage + SEBI charges + transaction charges) |
| GST | 0.05% on sell-side | 18% on (Brokerage + SEBI charges + transaction charges) |
Over To You
So this is everything about Zerodha’s demat account opening process and charges associated with trading. We hope you have found this blog informative and that all your questions relating to Zerodha are answered. However, if you think Zerodha is a bit costly, you can opt for other discount brokers as well. The choice is yours.
Frequently Asked Questions On Zerodha
Is the Zerodha account safe or not?
Zerodha is one of the discount brokers in India. Since 2010 they are in the business of stock brokerage and have been regulated and audited by exchanges and SEBI. As of April 2023, Zerodha hasn’t been involved in any major violations by Zerodha.
Can I withdraw 1 crore from Zerodha?
Yes, you can withdraw 1 crore or more from Zerodha, there is no upper limit on the withdrawal amount.
What is the minimum balance in Zerodha?
There is no minimum balance requirement in Zerodha. However, if you do not make any trades for consecutive 12 months they will consider your account dormant.
Can I start trading with 100 rupees in Zerodha?
Yes definitely. You can start trading or investing from Rs. 100 as well.
