Zerodha Review 2022 | Demat Account | Trading Account | Brokerage | Offers from Zerodha
Zerodha is No 1 stockbroker in India as per user experience. They are into the discount broker category which is best suited for today’s young generation looking for smart investment and additional earnings from equity trading. Founded in 2010 by Nithin Kamath & Nikhil Kamath, two of the young entrepreneurs from Bangalore, India. It is the largest retail stock broker in India with over 80 Lacs (8+ million) active clients contributing more than 15% of daily retail trading volumes at NSE and BSE
Key features of Zerodha
| Broker Category | Discount Broker |
| Equity Intraday Brokerage | Rs.20 or 0.03% whichever is lower |
| Equity Delivery Brokerage | Zero (Free) |
| Equity Future Brokerage | Rs.20 or 0.03% whichever is lower |
| Equity Options Brokerage | Rs 20 per executed order |
| Currency Futures Brokerage | Rs 20 per executed order or .03% whichever is lower |
| Currency Options Brokerage | Rs 20 per executed order or .03% whichever is lower |
| Brokerage Account AMC | Zero (Free) |
| Account Opening Charge | Rs 200 |
| Demat Account AMC | Rs 300 |
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Zerodha Review in Details
The name Zerodha is a combination of two words i.e. Zero and Rodha (It is a Sanskrit word for barrier), hence Zerodha means ‘No Barrier’ for any Investor or Traders in their Investment or Trading journey due to cost (zero brokerage for equity delivery), service & support (everything online through mobile – anywhere, anytime) and Technology (continuous upgrade with new feature).
Since the time it was founded in 2010, Zerodha is continuously upgrading its online services through technological superiority and disruptive pricing model, which has helped in achieving India’s No 1 stock broker position with 8+ million clients.
Zerodha Kite Trading Platform
Kite is an ultra-fast trading platform by Zerodha with streaming stock market data, advanced charts of all type, an elegant User Interface, and more. You can enjoy the Kite experience seamlessly on your Android and iOS mobile phone devices.
How to Open a Demat Account with Zerodha ?
Zerodha offers both Online and offline option to Open a Demat account. In online account opening process, your mobile number must be linked with Aadhar. You need to complete this process before, if for some reason, you are unable to do so, then you will have to open an account offline.
Corporate, Partnership, HUF (Hindu Undivided Family), NRI accounts can not be opened online. You will have to open such an account offline only.
Zerodha is also offering IDFC FIRST Bank 3-in-1 account. To open a 3-in-1 account with Zerodha, first of all you need to have an existing account with IDFC FIRST Bank. Once you have your IDFC FIRST Bank account, you can open 3-in-1 account with Zerodha. It can only be opened online.
Once you complete the ‘e-sign’ based on your Aadhaar/VID in the account opening flow, a pre-filled POA will be generated. You will have to print the POA as hard copy, sign it and send it to Zerodha head office.
Important Note – You need to link your PAN with Aadhar at the earliest. As per NSE circular after 31-Mar-2022 you will not be able to trade or invest in the stock market.
Step by Step guide is given below :-
- Our team can help you immediate Demat account opening with Zerodha, please provide your Phone number and Name in the form available on this page. You can also do it yourself as well. You will get directed to [Zerodha] to open an account from here, which will also give you offers like Free Training Class to do trading (basics) and team support in the account opening process.
- Your mobile number must be linked with Aadhar.
- Link your PAN with Aadhar, this will help you hassle free trading always.
- PAN card soft copy, Aadhar and Bank details.
- Bank Account statement if you wants to Trade in F&O (future & options)
- Your personal details (must be inline with what is there in documents provided like PAN, Aadhar, Bank Details. It should all match). Our team will guide you if you need support anytime.
- You will get your ID, Password & PIN at the earliest.
- That’s all. Happy Trading and Great Investment.
Charges for account opening with Zerodha
Equity
[Zerodha] charges are different for trading in Equity, Currency & Commodity. Equity charges are low compared to Currency & Commodity.
| [Zerodha] charges | Equity Delivery | Equity Intraday | Equity Futures | Equity Options |
| Brokerage Charges of Zeodha | Zero Brokerage | 0.03% or Rs. 20/executed order whichever is lower | 0.03% or Rs. 20/executed order whichever is lower | Flat Rs. 20 per executed order |
| Transaction charges | NSE: 0.00345% | NSE: 0.00345% | NSE: 0.002% | NSE: 0.053% (on premium) |
| BSE: 0.00345% | BSE: 0.00345% | |||
| STT/CTT Charges | 0.1% on buy & sell | 0.025% on the sell side | 0.01% on sell side | 0.05% on sell side (on premium) |
| SEBI charges | ₹10 / crore | ₹10 / crore | ₹10 / crore | ₹10 / crore |
| Stamp charges | 0.015% or ₹1500 / crore on buy side | 0.003% or ₹300 / crore on buy side | 0.002% or ₹200 / crore on buy side | 0.003% or ₹300 / crore on buy side |
| GST | 18% on (brokerage + transaction charges) | 18% on (brokerage + transaction charges) | 18% on (brokerage + transaction charges) | 18% on (brokerage + transaction charges) |
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Zerodha - List of all charges and taxes
Equity
[Zerodha] charges are different for trading in Equity, Currency & Commodity. Equity charges are low compared to Currency & Commodity.
| [Zerodha] charges | Equity Delivery | Equity Intraday | Equity Futures | Equity Options |
| Brokerage Charges of Zeodha | Zero Brokerage | 0.03% or Rs. 20/executed order whichever is lower | 0.03% or Rs. 20/executed order whichever is lower | Flat Rs. 20 per executed order |
| Transaction charges | NSE: 0.00345% | NSE: 0.00345% | NSE: 0.002% | NSE: 0.053% (on premium) |
| BSE: 0.00345% | BSE: 0.00345% | |||
| STT/CTT Charges | 0.1% on buy & sell | 0.025% on the sell side | 0.01% on sell side | 0.05% on sell side (on premium) |
| SEBI charges | ₹10 / crore | ₹10 / crore | ₹10 / crore | ₹10 / crore |
| Stamp charges | 0.015% or ₹1500 / crore on buy side | 0.003% or ₹300 / crore on buy side | 0.002% or ₹200 / crore on buy side | 0.003% or ₹300 / crore on buy side |
| GST | 18% on (brokerage + transaction charges) | 18% on (brokerage + transaction charges) | 18% on (brokerage + transaction charges) | 18% on (brokerage + transaction charges) |
Currency
[Zerodha] charges are different for trading in Equity, Currency & Commodity. Equity charges are low compared to Currency & Commodity.
| [Zerodha] charges | Currency Futures | Currency Options |
| Brokerage Charges | 0.03% or Rs. 20/executed order whichever is lower | 0.03% or Rs. 20/executed order whichever is lower |
| STT/CTT Charges | No STT | No STT |
| Transaction charges | NSE: | NSE: |
| Exchange txn charge: 0.0009% | Exchange txn charge: 0.035% | |
| BSE: | BSE: | |
| Exchange txn charge: 0.00022% | Exchange txn charge: 0.001% | |
| GST Charges | 18% on (brokerage + transaction charges) | 18% on (brokerage + transaction charges) |
| SEBI charges | ₹10 / crore | ₹10 / crore |
| Stamp charges | 0.0001% or ₹10 / crore on buy side | 0.0001% or ₹10 / crore on buy side |
Commodity / MCX /
[Zerodha] charges are different for trading in Equity, Currency & Commodity. Equity charges are low compared to Currency & Commodity.
| [Zerodha] charges | Commodity Futures | Commodity Options |
| Brokerage Charges | 0.03% or Rs. 20/executed order whichever is lower | 0.03% or Rs. 20/executed order whichever is lower |
| STT/CTT Charges | 0.01% on sell side (Non-Agri) | 0.05% on sell side |
| Transaction charges | Group A | Exchange txn charge: 0.05% |
| Exchange txn charge: 0.0026% | ||
| Group B: | ||
| Exchange txn charge: | ||
| CASTORSEED – 0.0005% | ||
| KAPAS – 0.0026% | ||
| PEPPER – 0.00005% | ||
| RBDPMOLEIN – 0.001% | ||
| GST Charges | 18% on (brokerage + transaction charges) | 18% on (brokerage + transaction charges) |
| SEBI charges | Agri: | ₹10 / crore |
| ₹1 / crore | ||
| Non-agri: | ||
| ₹10 / crore | ||
| Stamp charges | 0.002% or ₹200 / crore on buy side | 0.003% or ₹300 / crore on buy side |
Zerodha - List of all other charges and their explanation
When you trade through a platform of any brokerage firm, there are other charges applied on your trades which is as per guidelines from regulator SEBI and also some value added service charges are there from each brokerage firm. [Zerodha] charges in other category are explained in below table, which is again on the lower side if we compare with other brokerage firm.
| Category | Charges |
| Securities/Commodities transaction tax | Tax by the government when transacting on the exchanges. Charged as above on both buy and sell sides when trading equity delivery. Charged only on selling side when trading intraday or on F&O. |
| When trading at [Zerodha] STT/CTT can be a lot more than the brokerage we charge. Important to keep a tab. | |
| Transaction/Turnover Charges | Charged by exchanges (NSE, BSE, MCX) on the value of your transactions. |
| BSE has revised transaction charges in XC, XD, XT, Z and ZP groups to Rs.10,000 per crore w.e.f 01.01.2016. (XC and XD groups have been merged into a new group X w.e.f 01.12.2017) | |
| BSE has revised transaction charges in SS and ST groups to Rs.1,00,000 per crore of gross turnover. | |
| Call & trade | Additional charges of ₹50 per order: |
| A) for orders placed through our support/dealing desk. | |
| B) Intraday (MIS/BO*/CO) positions squared off before market closing by our RMS team. | |
| *For Bracket Orders, if the entry order is executed in multiple trades, Stop Loss/Target orders will be placed separately for each trade and all charges including call & trade for auto square-off will be billed per executed order. | |
| Stamp charges | Stamp charges by the Government of India as per the Indian Stamp Act of 1899 for transacting in instruments on the stock exchanges and depositories. |
| NRI brokerage charges | ₹100 per order for futures and options. |
| For a non-PIS account, 0.5% or ₹100 per executed order for equity (whichever is lower). | |
| For a PIS account, 0.5% or ₹200 per executed order for equity (whichever is lower). | |
| ₹500 + GST as yearly account maintenance charges (AMC) charges. | |
| GST | Tax levied by the government on the services rendered. 18% of ( brokerage + transaction charges) |
| SEBI Charges | Charged at ₹10 per crore by Securities and Exchange Board of India for regulating the markets. |
| DP (Depository participant) charges | ₹13.5 + GST per scrip (irrespective of quantity), on the day, is debited from the trading account when stocks are sold. This is charged by the depository (CDSL) and depository participant ([Zerodha]). |
| Pledging charges | ₹30 + GST per pledge request. |
| AMC (Account maintenance charges) | ₹300/year + GST charged quarterly |
| Corporate action order charges | ₹20 plus GST will be charged for OFS / buyback / takeover / delisting orders placed through Console. |
Zerodha - charges for optional value added services
Content Required
| Service | Billing Frequency | Charges |
| StockReports+ | Monthly / Bi-annually / Annually | 150/810/1440 |
| Sensibull | Monthly | Free: 0 | Lite: 800 | Pro: 1300 |
| Smallcase | Per transaction | 100 |
| Screener | Monthly / Quarterly / Bi-annually / Annually | 100/285/540/960 |
| Streak | Monthly | Regular: 690 + GST | Ultimate: 1400 + GST |
| Kite Connect | Monthly | Connect: 2000 | Historical: 2000 |
Zerodha Trading Platform:
[Zerodha] has invested heavily into Technology to give superior experience to its customers and users. They keep updating it on regular basis with innovative ideas and modern feature.
Kite –
Kite is in-house developed software platform by [Zerodha]. It is a sleek design, modern feature & superior quality Product from Team [Zerodha]. They have kept in mind today’s young generation who are little impatient & risk takers to help them take a very calculated risk with enough information, charts, warnings, tools to keep their investment & trading in low risk. Navigating and trading through Kite platform is really easy and fun. Kite makes trading so easy with ultra-fast execution for both Buy & Sell orders.
Console –
Console is central dashboard for all [Zerodha] account. Customers can visualize their complete portfolio here with in depth report, analysis, graphs and summary. It gives breakdown of each segments and break-up with timelines. It also shows all break-ups including investment, brokerage charges including other charges. Get your final and current P&L here.
Coin –
Coin platform from [Zerodha] to be used to buy mutual funds online, without paying any brokerage and get delivered into your demat account.
FAQ (Frequently Asked Question) about Zerodha
Q. Where is Zerodha’s head office?
A. [Zerodha]’s head office is in Bangalore, India. [Zerodha] head office address is given below:
Zerodha
#153/154, 4th Cross, J.P Nagar 4th Phase,
Opp. Clarence Public School, Bengaluru – 560078
Q. Who is the owner of Zerodha ?
Nithin Kamath & Nikhil Kamath are the co-founders of [Zerodha] in the year 2010.
Q. Is Zerodha a private company?
Yes, Zerodha is a private limited company. The company has maintained a Zero Debt policy so far. Their founders and directors are passionately involved in all major decision-making keeping ‘customer delight’ as a basis for all such decisions.