Zerodha fees explained

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Personally tested

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Independent

Overview of Zerodha fees and charges

When trading or investing at an online broker, fees can have a big impact on your results, so it's good to know what kind of charges you'll be facing and how these compare to fees at other brokers.

If fees are your top concern, Zerodha is a good choice, as it has low fees in general. Check our toplist for cheaper brokers.

I found Zerodha's trading fees fairly low

Adam Nasli

Financial Wizard | Regulation • Fighting Scams • Market Analysis

I've personally tested dozens of global brokers, carefully looking at their fees not just on their website but also in the course of live trading. Here's how Zerodha fared:

Zerodha charges low fees for trading stocks and ETFs.
There is no inactivity fee even if you leave your account idle for a long time.
The basic withdrawal fee is $0, but some transactions may cost more.
Read our full review of Zerodha for info on safety, trading platforms and funding.

Zerodha fees at a glance
Assets	Fee level	Fee terms
US stock fee	-	Not available
EURUSD fee	-	FX not available
US tech fund fee	-	Not available
Inactivity fee	Low	No inactivity fee

Visit broker

For equity delivery, it doesn't charge any commission.There is exceptionally transparent information on fees on Zerodha's website, supplemented by an easy-to-use fee calculator. As other charges may apply, we have put together a table featuring catch-all costs.

Indian stock fees and FX fees

Given that Indian brokers usually offer only a few types of products, we compared the brokers by calculating all the fees of a typical trade for two assets.
We chose the following assets:

Reliance, a large-cap Indian stock
USDINR, a popular currency pair

We compared the fees for an equity delivery trading for Reliance and a currency futures trade for USDINR. In both cases, a typical trade means buying a position, holding it for one week, then selling it. For volume, we chose $2,000 for stocks and $20,000 for the currency trade.
The resulting catch-all benchmark includes spreads, commissions and financing costs for all brokers.
Now, let's see the verdict. Zerodha has super low stock and currency futures fees.

Zerodha benchmark fees for a $2,000 stock and $20,000 USDINR trade
	Zerodha	Sharekhan	Interactive Brokers
Indian stock	$0.0	$4.00	$0.20
USDINR benchmark fee	$0.5	$4.0	-

**Zerodha non-brokerage fees**
	Brokerage charge	Securities/Commodities transaction tax	Transaction/Clearing charges	Stamp charges	GST	SEBI charges
Equity delivery	None	0.1% on buy and sell	NSE: 0.00325%/trade BSE: 0.003%/trade	0.015% or ₹1500 / crore on buy side	18% of the brokerage and transaction charges	INR 5 / crore
Equity intraday	0.03% or Rs. 20/executed order, whichever is lower	0.025% on sell	NSE: 0.00325%/trade BSE: 0.003%/trade	0.003% or ₹300 / crore on buy side
Equity futures	0.03% or Rs. 20/executed order, whichever is lower	0.01% on sell	NSE: 0.0019%/trade	0.002% or ₹200 / crore on buy side
Equity options	Flat Rs. 20 per executed order	0.05% on sell	NSE: 0.05%/trade	0.003% or ₹300 / crore on buy side
Currency futures	0.03% or Rs. 20/executed order, whichever is lower	No STT fee	NSE: 0.0009%/trade BSE: 0.00022%/trade	0.0001% or ₹10 / crore on buy side
Currency options	0.03% or Rs. 20/executed order, whichever is lower	No STT fee	NSE: 0.035%/trade BSE: 0.001%/trade	0.0001% or ₹10 / crore on buy side
Commodity options	0.03% or Rs. 20/executed order, whichever is lower	0.01% on sell	Ranges between 0.0005% to 0.001%/trade	0.002% or ₹200 / crore on buy side
Commodity futures	0.03% or Rs. 20/executed order, whichever is lower	0.05% on sell	No fees	0.003% or ₹300 / crore on buy side

No inactivity fee, no withdrawal fee

While the broker charges no inactivity fee and withdrawal fee, there is an account fee.
The account fee is INR 300 + 18% tax per year for Demat accounts and INR 1,000 + 18% tax per year for corporate accounts. If you open a commodity account, you will be charged INR 100 + 18% tax per year.