Zerodha Charges 2026: Brokerage, AMC, DP, MTF & F&O (Review)
Zerodha demat account review: opening fee ₹0, AMC ₹300 + GST/year for non-BSDA resident accounts (₹75/quarter), and brokerage charges updated May 2026. Informational only—not investment advice.
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Zerodha charges ₹0 brokerage on equity delivery and the lower of ₹20 or 0.03% per order on intraday trades, futures and currency or commodity futures. Options are a flat ₹20 per order. Opening an account is free, the demat AMC is free in year one, then ₹300 + GST a year, and the DP charge on each sell is ₹15.34 including GST.
By Ajay Bohra · About the author
Last updated: October 2026
This page lists the Zerodha 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 Zerodha’s published charges in October 2026. Charges change, so confirm on Zerodha before you trade. This is information, not investment advice.
Zerodha brokerage charges by segment
| Segment | Brokerage per executed order |
|---|---|
| Equity delivery | ₹0 |
| Equity intraday | Lower of ₹20 or 0.03% |
| Equity futures | Lower of ₹20 or 0.03% |
| Equity options | ₹20 |
| Currency and commodity futures | Lower of ₹20 or 0.03% |
| Currency and commodity options | ₹20 |
“Lower of ₹20 or 0.03%” means 0.03% of the order value when that is below ₹20 (orders under about ₹66,700) and ₹20 for anything larger. Direct mutual funds carry no commission. Margin trading facility (MTF) brokerage is the lower of ₹20 or 0.3% per order.
Taxes and exchange charges on Zerodha 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% |
Zerodha account, demat and other charges
| Charge | Amount |
|---|---|
| Account opening | ₹0 for individual and minor accounts; ₹500 for NRI accounts |
| Demat AMC | Free for the first year on new resident individual accounts. After that, non-BSDA accounts pay ₹300 + GST a year, charged quarterly |
| AMC for BSDA accounts | ₹0 up to ₹4 lakh of holdings; ₹100 + GST a year for ₹4 lakh to ₹10 lakh; ₹300 + GST a year above ₹10 lakh |
| DP charge on selling shares | ₹15.34 per scrip including GST (₹3.50 depository fee + ₹9.50 Zerodha fee + ₹2.34 GST), whatever the quantity |
| Pledge request | ₹30 + GST per ISIN; ₹15 + GST per ISIN for MTF pledges |
| MTF interest | 0.04% a day (₹40 per lakh) on the funded amount |
| Call and trade, auto square-off | ₹50 per order for orders placed through a dealer, including auto square-off |
| Account with a debit balance | ₹20 extra per executed order |
| Off-market transfer | ₹25 per transaction |
Zerodha 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 | ₹0.00 | ₹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 | ₹1.14 | ₹8.34 | ₹14.25 |
| DP charge on the sell | ₹15.34 | ₹0.00 | ₹0.00 |
| Total charges | ₹237.82 | ₹82.68 | ₹184.95 |
| Total as % of turnover | 0.238% | 0.083% | 0.168% |
Two things stand out. On a delivery trade Zerodha charges no brokerage, so STT is the biggest cost. On a small options trade the flat ₹20 per order is a large share of the total. Profit or loss on the trade itself is not included, and neither is income tax on gains.
How Zerodha charges compare
Brokerage, AMC and DP charges are where brokers differ. Put your own order sizes into the brokerage calculator, or read Dhan vs Zerodha, Groww vs Zerodha and INDmoney vs Zerodha.
Who should read this Zerodha review
Long-term investors who mostly buy and hold pay no brokerage on delivery at Zerodha, but the AMC after year one and the ₹15.34 DP charge on every sell are worth counting. Active traders pay up to ₹20 per order. This is not personalised investment advice.
Zerodha charges: FAQs
What are Zerodha brokerage charges?
Equity delivery is ₹0. Intraday trades, futures and currency or commodity futures are the lower of ₹20 or 0.03% per executed order. Options are a flat ₹20 per order.
Is Zerodha delivery really free?
Brokerage on equity delivery is ₹0. You still pay STT, exchange charges, stamp duty, SEBI fees and GST, and a DP charge when you sell.
What is the Zerodha account opening fee?
₹0 for individual accounts. NRI accounts pay ₹500.
What is the Zerodha demat AMC?
Free for the first year on new resident individual accounts. After that, non-BSDA accounts pay ₹300 + GST a year, charged quarterly. BSDA accounts pay ₹0 up to ₹4 lakh of holdings.
What are Zerodha DP charges?
₹15.34 per scrip including GST on every sell (₹3.50 depository fee, ₹9.50 Zerodha fee and ₹2.34 GST), irrespective of quantity.
What is the Zerodha MTF interest rate?
0.04% a day (₹40 per lakh) on the funded amount, applied from T+1 until the shares are sold. MTF brokerage is the lower of ₹20 or 0.3% per order.
What are Zerodha call and trade charges?
₹50 per order for orders placed through a dealer, including auto square-off orders.
How much STT do I pay on Zerodha?
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
Zerodha’s published charges: zerodha.com charges 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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