INDmoney Charges 2026: Brokerage, AMC, DP & F&O (Review)
Indmoney demat account review: opening fee ₹0, AMC ₹0 (Free for lifetime), and brokerage charges updated May 2026. Informational only—not investment advice.
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INDmoney (INDstocks) charges ₹0 for account opening and maintenance. Brokerage on equity delivery and intraday is the lower of ₹20 or 0.1% per order, with a ₹2 minimum, and futures and options are a flat ₹20 per order. Selling shares costs ₹18.50 + GST per ISIN, and margin pledging for non-MTF use costs ₹0.
By Ajay Bohra · About the author
Last updated: October 2026
This page lists the INDmoney charges Indian investors pay: brokerage by segment, taxes and exchange fees, account and demat charges, and three worked examples that add up the total cost of a trade. Rates were checked against INDmoney’s published charges in October 2026. Charges change, so confirm on INDmoney before you trade. This is information, not investment advice.
INDmoney brokerage charges by segment
| Segment | Brokerage per executed order |
|---|---|
| Equity delivery | Lower of ₹20 or 0.1%; minimum ₹2 |
| Equity intraday | Lower of ₹20 or 0.1%; minimum ₹2 |
| Futures and options | ₹20 |
“Lower of ₹20 or 0.1%” means 0.1% of the order value when that is below ₹20 (orders under ₹20,000) and ₹20 for anything larger, with a ₹2 minimum. Brokerage never exceeds the SEBI-prescribed limit.
Taxes and exchange charges on INDmoney trades
These are charged on top of brokerage by the government and the exchanges. They are the same at every broker, apart from small differences in how brokers round and bill them.
| Charge | Equity delivery | Equity intraday | Futures | Options |
|---|---|---|---|---|
| STT | 0.1% on buy and sell | 0.025% on sell | 0.05% on sell | 0.15% on sell premium |
| Exchange transaction charge (NSE) | 0.00307% | 0.00307% | 0.00183% | 0.03553% of premium |
| Stamp duty (buy side) | 0.015% | 0.003% | 0.002% | 0.003% |
| SEBI turnover fee | ₹10 per crore | ₹10 per crore | ₹10 per crore | ₹10 per crore |
| GST | 18% on brokerage, exchange and SEBI charges | 18% | 18% | 18% |
INDmoney account, demat and other charges
| Charge | Amount |
|---|---|
| Account opening and maintenance (AMC) | ₹0 |
| DP charge on delivery sells | ₹18.50 + GST per ISIN (₹3.50 CDSL + ₹15 INDstocks; ₹3.25 + ₹15.25 for a female first holder). Buying has no DP charge |
| Margin pledge and unpledge (non-MTF) | ₹0 |
| MTF pledge and unpledge | ₹20 + GST per ISIN |
| Call and trade | ₹500 per order placed through the support or trading desk |
| Off-market transfer | ₹10, including depository charges |
| Dematerialisation and rematerialisation | ₹250 per certificate, including depository charges |
| Net banking deposit | ₹10 per deposit (UPI is free) |
INDmoney charges: three worked examples
Each example adds up every charge on a round trip (buy and sell). The delivery and intraday examples buy and sell ₹1,00,000 of shares once each. The options example buys premium worth ₹50,000 and sells it for ₹60,000. Amounts are rounded to the nearest paisa and leave out tiny exchange investor-protection levies.
| Charge | Delivery (₹1,00,000 buy and sell) | Intraday (₹1,00,000 buy and sell) | Options (₹50,000 buy, ₹60,000 sell) |
|---|---|---|---|
| Brokerage | ₹40.00 | ₹40.00 | ₹40.00 |
| STT | ₹200.00 | ₹25.00 | ₹90.00 |
| Exchange transaction charges | ₹6.14 | ₹6.14 | ₹39.08 |
| SEBI turnover fee | ₹0.20 | ₹0.20 | ₹0.11 |
| Stamp duty | ₹15.00 | ₹3.00 | ₹1.50 |
| GST | ₹8.34 | ₹8.34 | ₹14.25 |
| DP charge on the sell | ₹21.83 | ₹0.00 | ₹0.00 |
| Total charges | ₹291.51 | ₹82.68 | ₹184.95 |
| Total as % of turnover | 0.292% | 0.083% | 0.168% |
Two things stand out. DP charges are applied per unique ISIN sold, not per order, so selling one stock several times in a day costs ₹21.83 once. The ₹500 call and trade fee is far higher than at other brokers, so place orders in the app. STT is the largest cost on a delivery trade. Profit or loss on the trade itself is not included, and neither is income tax on gains.
How INDmoney charges compare
Brokerage, AMC and DP charges are where brokers differ. Put your own order sizes into the brokerage calculator, or read INDmoney vs Zerodha, Groww vs INDmoney and INDmoney vs Vested.
Who should read this INDmoney review
People who already use INDmoney for mutual funds and US stocks often add the Indian stocks account for the zero AMC. Compare the ₹20 or 0.1% delivery brokerage and the DP charge on sells with other brokers. This is not personalised investment advice.
INDmoney charges: FAQs
What are INDmoney brokerage charges?
Equity delivery and intraday: the lower of ₹20 or 0.1% per executed order, minimum ₹2. Futures and options: ₹20 per executed order.
Is INDmoney delivery free?
No. Delivery brokerage is the lower of ₹20 or 0.1% per order, with a ₹2 minimum.
What is the INDmoney account opening fee?
₹0 for trading and demat account opening.
What is the INDmoney demat AMC?
₹0. Account maintenance is free.
What are INDmoney DP charges?
₹18.50 + GST per ISIN when you sell delivery shares, charged once per unique ISIN however many orders you place. Buying has no DP charge.
What are INDmoney pledge charges?
₹0 for margin pledge and unpledge that is not for MTF. ₹20 + GST per ISIN for MTF pledge and unpledge.
What are INDmoney call and trade charges?
₹500 per order placed through the support or trading desk.
How much STT do I pay on INDmoney?
STT is set by the government: 0.1% on buy and sell for delivery, 0.025% on the sell side for intraday, 0.05% on the sell side for futures and 0.15% on the sell premium for options.
Sources
INDmoney’s published charges: indstocks.com pricing page. STT, stamp duty, SEBI turnover fee and exchange transaction charges follow the rates set by the government, SEBI and the exchanges.
Brokerage, AMC, and statutory charges change. This page is for information and education only, not investment advice.
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