Zerodha: Trading & Demat Account, Reviews, Charges: 2020

Zerodha, a Bangalore based company, a pioneer in stock broking, is the biggest and one of the best and most popular stock brokers in India. The one of its kind, discount broking model was introduced by this leading broker few years back. And, now there's no looking back! It's online flat fee discount brokerage model has set an example to be followed by various other trading platforms across India. Ranked amongst the Top Discount Brokers in India, Zerodha holds a very strong position in terms of trading volumes and a massive and growing customer base.

Zerodha: Overview

Incorporated in the year 2010 by Nitin Kamath, an engineer turned stock broker cum budding entrepreneur who nurtured the company with his ideas and innovation, Zerodha gained huge popularity within a short span. It has turned to be the leading stock broker in India, may it be determined by volume, number of active customers or the overall growth rate. Surprisingly, 2+ million Zerodha clients are contributing to over 15% of the aggregate retail trading volumes across BSE, NSE and MCX. That's a pretty good number to display!

A technologically advanced and fully functional broking firm offering a plethora of services and products. The services include investing and trading in Equity, Currency, Commodity, IPO and Direct Mutual Funds. So, this online trading platform lets you invest in stocks, derivatives, mutual funds, and much more.

As far as, brokerage fee is concerned, Zerodha charges ₹0 brokerage on equity i.e. FREE equity delivery trades. So, the maximum intraday and F&O brokerage you pay for a transaction is ₹20 for an executed order.

Zerodha has established itself in the topmost places in the list of reliable & trustworthy brokers in India. And why not, its level of services and highly advanced and updated investment tools and apps are very much appreciated by its users.

Zerodha Trading Tools

These are the numerous trading tools privided by Zerodha:

  1. Zerodha Coin (A mutual fund investment platform)
  2. Streak (algo & strategy platform),
  3. Sensibull (An options trading platform)
  4. Zerodha Varsity (An investor education program)
  5. Trading Q&A
  6. Smallcase ( athematic investment platform)
  7. GoldenPi (bonds trading platform) Let's keep exploring more details on this discount broker and discuss further about it.

Zerodha Account Opening Charges:2020

ChargeAmount
Demat Account Opening Charges₹0 (Free)
Trading Acc Opening Charges₹200
Trading Account AMC₹0 (Free)
Demat Account AMC₹300 per year

Zerodha Account Opening Process

If you wish to trade in stocks, commodity or currency or to invest in stocks and mutual funds with Zerodha, you are required to open a trading account and a demat account. However, if you are planning to trade only in derivatives, a demat account is not mandatory. Zerodha offers 3 types of accounts namely:

  1. A Trading account for equity and currency derivatives.

  2. A Demat account to take delivery of stocks.

  3. A Commodity account to trade commodity futures on MCX.

  4. Zerodha also offers a 2-in-1 Demat and trading account.

Although, a customer account has access to all the segments. But, you have to share your preferences for trading in which segment that shall be enabled separately at the time of account opening or at later point of time.

How to Open a Demat & Trading Account with Zerodha?

To open account with Zerodha, you can access the instant account opening link and add your contact information there. A Zerodha representative shall contact you in a short while and walk you through you through the steps and process of opening a Demat and Trading account.

Zerodha offers a quick, easy and convenient online account opening process. You can fill the information online, and get started with the account opening formalities.'s a quickly.

Zerodha Account Opening Process

Let's have a complete view of the Zerodha Account Opening Process:

In case you want to open a new account with Zerodha, follow the following steps:

Step 1: Visit the Zerodha website via your phone, desktop, or tablet and click on the 'sign up' button on the upper left-hand corner

Step 2: Fill in your mobile number. You will revive a 6 digit OTP on the same.

Step 3: Enter the OTP and hit confirm.

Step 4: Follow the same process to verify your email address.

Step 5: It will then ask for your PAN number and Birth date. Fill in the details and hit continue.

Step 6: It now directs you to a payment portal with many options like Net Banking, UPI, etc.

Step 7: On your bank page, complete the payment process. You have to select from the "Equity" and "Commodity" account choices, so you'll be charged a fee accordingly. The fee for Equity Trading & Demat account is Rs.200 only. And, if you tick the commodity part also, a fee of Rs.100 is charged for it. After completion, you are redirected to the Zerodha website.

Step 8: Here, you would need to sign in to DigiLocker, a government enabled digital locker where you can safely store all your important documents. Download the Digilocker application if you do not have it.

Step 9: After signing up to Digilocker, enter the OTP received and press submit.

Step 10: Put in your security PIN code. If you don't have one, simply click on Forgot PIN and reset it in seconds.

Step 11: It asks to share a copy of your Aadhar card succeeded by a page asking for your personal details.

Step 12: Fill in the correct information related to personal contact, background, and bank account details.

Step13: Tick all the check boxes related to residency in India and hit continue. You will be lead to IPV webcam i.e In-person verification.

Step14: Write the given OTP on a piece of paper and hold it in from of the webcam for facial verification.

Step 15: Go to E-sign and upload the following documents: Aadhar Card, a canceled cheque with your signature, and your income proof (if you wish to trade in Futures and options), then click on e-sign equity.

Step 16: This takes you to the NSDL page wherein you have to again verify your email id, put in your security code and press submit.

Step 17: Have a complete look at the profile! then you will be given the last OTP after clicking on sign-up. Enter your OTP and your Aadhar number.

Step 18: You have successfully signed an online form. Now, go to the dashboard and scroll down to find the nominee form. Download it if you wish to add a nominee to your account.

Step 19: The process is now complete. A representative from Zerodha would contact you after the process or you may receive an account activation email (if all your documents are in place). 

Step 20: In case of any queries, you can contact the Zerodha support service on their website or call them on their customer service numbers.

Zerodha Account Brokerage Charges: 2020

Zerodha :Flat Brokerage Plan Brokerage Charges

ChargeAmount
Plan NameFlat Brokerage Plan
Equity Delivery₹0 (Free)
Equity IntradayFlat ₹20 or 0.03% (whichever is lower) per executed order
Equity FuturesFlat ₹20 or 0.03% (whichever is lower) per executed order
Equity OptionsFlat ₹20 or 0.03% (whichever is lower) per executed order (on Turnover)
Currency FuturesFlat ₹20 or 0.03% (whichever is lower) per executed order
Currency OptionsFlat ₹20 or 0.03% (whichever is lower) per executed order
Commodity OptionsFlat ₹20 or 0.03% (whichever is lower) per executed order
Mutual Fund₹0 (Free Unlimited Direct MF)

Zerodha Equity Brokerage:2020

Trading SegmentEquity DeliveryEquity Interaday
Brokerage₹0 (No Brokerage)Flat ₹20 or 0.03% (whichever is lower)
Securities Transaction Tax (STT)0.1% on both Buy and Sell0.025% on the Sell Side
Transaction / Turnover ChargesNSE: 0.00325% | BSE: 0.003% per trade (each side)NSE: 0.00325% | BSE: 0.003% per trade (each side)
Goods and Services Tax (GST)18% on (Brokerage + Transaction Charge)18% on (Brokerage + Transaction Charge)
SEBI Charges0.00005% (₹5/Crore)0.00005% (₹5/Crore)
Stamp ChargesState wiseState wise

Zerodha Equity F&O Brokerage: 2020

ChargeEquity FuturesEquity Options
BrokerageFlat ₹20 or 0.03% (whichever is lower)Flat ₹20 or 0.03% (whichever is lower)
Securities Transaction Tax (STT)0.01% on Sell Side 0.05% on Sell Side(on Premium)
Transaction / Turnover ChargesNSE: 0.0019% | BSE 0.003% (each side) NSE 0.05% | BSE 0.003% (each side) (on premium)
Goods and Services Tax (GST)18% on (Brokerage + Transaction Charge)18% on (Brokerage + Transaction Charge)
SEBI Charges0.00005% (₹5/Crore)0.00005% (₹5/Crore)
Stamp ChargesState wiseState wise

Zerodha Currency Trading

Zerodha is probably one of the biggest discount brokers out there. That is for good reason. Zerodha’s emphasis on customer experience at low cost is probably unparalleled in the sector, so it is no surprise that it has moved to an expansionary stage. Zerodha also offers currency trading, but first,

Zerodha Currency F&O Brokerage: 2020

ChargeCurrency FuturesCurrency Options
BrokerageFlat ₹20 or 0.03% (whichever is lower) Flat ₹20 or 0.03% (whichever is lower)
Securities Transaction Tax (STT)No STT No STT
Transaction / Turnover ChargesNSE: 0.0009% | BSE: 0.00022% NSE: 0.04% | BSE: 0.001% (on premium)
Goods and Services Tax (GST)18% on (Brokerage + Transaction Charge)18% on (Brokerage + Transaction Charge)
SEBI Charges0.00005% (₹5/Crore)0.00005% (₹5/Crore)
Stamp ChargesState wiseState wise

Zerodha Commodity Trading

Zerodha Brokers pioneered the Discount broking space in India and still continues to be one of the top investor preferences. The word Zerodha or 'Zero' 'dha' meaning Zero cost or free of charge transactions. It was the first discount broker to offer the no-brokerage policy to encourage more and more

Zerodha Commodity F&O Brokerage: 2020

ChargeCommodity FuturesCommodity Options
BrokerageFlat ₹20 or 0.03% (whichever is lower) Flat ₹20 or 0.03% (whichever is lower)
Securities Transaction Tax (STT)0.01% on sell side (Non-Agri) 0.05% on sell side
Transaction / Turnover ChargesGroup A: Exchange txn charge: 0.0026% Group B: Exchange txn charge: Pepper - 0.00005%, Castorseed - 0.0005%, Rbdpmolein - 0.001% ₹0
Goods and Services Tax (GST)18% on (Brokerage + Transaction Charge)18% on (Brokerage + Transaction Charge)
SEBI Charges0.00005% (₹5/Crore)0.00005% (₹5/Crore)
Stamp ChargesState wiseState wise

Zerodha Margin/Exposure

Zerodha interaday, delivery, F&O, currency and commodity margins/exposure

SegmentTrading Margin
Equity Delivery1x (no margin)
Equity IntradayUp to 20x (based on the stock)
Equity FutureIntraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity OptionsIntraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency FutureIntraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency OptionsIntraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Commodity FutureIntraday - 40%(2.5x), Carry forward - 100%(1x) of Span
Commodity Options

GTT in Zerodha is an acronym for the Good Till Trigger feature offered by Zerodha that lets the investor select a trigger price and a set of predetermined conditions that as and when are met, an order is placed automatically. No order can be placed until the specific requirements are met. In case the limit price is breached on a particular day, all the orders of that day would be canceled at the end of the trading session.

The trigger price set by you is valid only for one time. In case the order is placed but not executed for some

If you are a Zerodha customer, you can apply for IPO online through Zerodha Console (Zerodha Back-office). The process for applying an IPO process has been explained in detail above. Here are few other answers to important queries that you may want to learn.

IPO Application Process through Zerodha

You can easily apply for an IPO with Zerodha by following a simple process:

  1. Create a UPI ID.

  2. Login on Zerodha Kite, and open Console.

  3. Select Portfolio <IPO>

  4. Choose IPO from the list, apply and enter your UPI alongwith quantity and price.

  5. Then simply submit you IPO application.

  6. Wait for the mandate

IOC simply stand for Immediate Or Cancel (IOC) orders. As you get more and more familiar with trading terms and slang, you might realize that each term is supposed to be linked with others, which form this sort of conjoined strategies. These strategies are usually what result in successful trading, rather than speculation. IOC is one such term, one such function, which does not have a behemoth scope, but the knowledge of which just might save and/or even make money.

What is IOC ?

Immediate Or Cancel (IOC) orders are a particular form of order that basically **sends a command in

A simple straightforward short answer. You can change bank account in Zerodha online by visiting your "profile page" in Zerodha Console. But, there are certain conditions for it. Let's discuss this a bit in detail.

There are many situations where Zerodha clients want to change, update or add their registered primary and secondary bank account details. However it may sound overwhelming for the clients, but it is very simple with the active Zerodha account. 

How to Change the Primary Bank Account linked with Zerodha? Online Process

If you wish to change the primary bank account online all you need to do is

Zerodha offers a wide range of services and tools for traders and investors to make their trading experience as seamless as possible. For those wanting to know, What is Zerodha cover order? It's then a unique way to minimize the risk in intraday trading and maximize the profit that one might avail.

What is Zerodha Cover Order (CO)? Meaning

Zerodha's cover order for a buy or sell order refers to the order placed is accompanied by a compulsory stop-loss order. It might be specified to a particular range. The cancellation of the stop-loss order isn't feasible.

The risk automatically reduces due to

A quick answer to this: Yes, Zerodha is a safe and reliable stock broker for trading and long term investment.

You might have heard and read so much about Zerodha, a leading and one of the best discount broker in India. It's just amazing to know about their huge customer base and fast growing company. Do you ever feel that Is Zerodha safe and reliable stock broker for trading and long term investment? Is it the best Discount broker in India? Will Zerodha be able to cope up with such rising number of clients and serve them well?

Don't worry, I

You might have come across these product codes: MIS and CNC. Ever wondered, what they mean? Here you'll learn what is MIS and CNC in context to stock trading in context to Zerodha and other stock brokers in general.

While a lot of information is available about trading strategies, for novice traders, it is equally paramount to learn about the little nitty gritties of investing. While it might seem basic, lack of knowledge might result in huge opportunity costs. Sometimes, it can be as basic as knowing about things within an application, where things like CNC and MIS matter.

Now, let's understand

Trigger price is the price entered by a trader during stop-loss limit and stop-loss market orders. Let's understand this in detail.

In the stock market, big moves often dictate the difference between profits and losses, but sometimes, in fact almost all the times, it is the little intricacies like the time of buying and selling of stocks that might have the same implications. These intricacies could be as little as the right price of selling, which can obviously make you profits. But if used properly, it can also help in limiting your losses effectively, which is often what trading is all

DP charges used to apply if you sold shares from your demat account. This was a source of revenue for depository participants. However, Zerodha waived off DP charges on mutual fund redemption w.e.f 3rd May, 2019. So, no DP charges on Coin redemptions i.e. redemption of mutual funds. All the active Zerodha Coin users might have received a mail confirming this fee waiver (when it was implemented).

So, the DP charge of Rs.5.5 per mutual fund redemption is no longer applicable. This seems to be a great move in favour of Zerodha Coin users. Isn't it a great initiative for the investors?

Zerodha CDSL TPIN is an advanced and more secure feature in the form of a password, for safely handling your Demat account.

Zerodha Broking Ltd. offers its traders to set up a 6 digit passcode that allows the broker to withdraw selected shares for a limited period from your Demat account. This passcode is termed as the TPIN code enabled for additional security while trading with Zerodha. Introduced in June 2020, this TPIN code amounts to the 3rd PIN a Zerodha client now gets including Kite PIN and Zerodha telephone code.

Traditionally, a broker asks for PoA (Power of Attorney) from its

If you are into stock trading, you might have often come across the abbrevations SLM and SL. So, here we'll be clarifying: What is SLM? What is SL? You'll also know the difference, SLM vs SL with examples.

SLM Meaning & Full Form: Stock Trading

SLM refers to a Stop Loss Market Order made by an investor to avoid risk. These orders are intended to place a lock on the loss amount so that you only lose what you can afford to. For instance, if you have bought a share worth Rs. 100 and you can not afford it to fall

There are many ways to check the IPO allotment status but Zerodha doesn't provide this facility on their website. To check the allotment status you can visit the website of the registrar of the IPO, for example, Link Intime, Karvy. With the help of a PAN number, you can easily check the status. 

What is IPO Allotment Status?

Online IPO allotments status provides details about the number of shares allocated and applied to the investor in an Initial public offer (IPO).

How do we check IPO allotment status?

On the registrars' website, the IPO allotment status is available. By entering the PAN

Trading in the stock market is a pretentious task given the ups and downs it brings to the table. But for traders, brokerage firms have made life simpler and more comfortable to execute relevant trades more straightforwardly. For the same, we have Bracket Orders (BO) from leading stock brokers like Zerodha that helps in keeping a constant tab on the selling and buying of stocks on pre-determined specifications.

What is Bracket Order (BO)? Meaning

Bracket order is a type of order that helps traders in executing trades based off pre-determined instructions of trading the stocks. It’s a way in which a

Let's learn how to do short selling in Zerodha or with any stock broker for that matter.

One of the best parts about markets, is in the fact is that it does not really matter whether the market is moving up or down, because there is an option to make money out of both of those scenarios. While buying a stock is the way to go for a bullish outlook, there are options available when one has a bearish outlook as well.  One of those methods is Short Selling.

What is Short Selling? Meaning

Short selling is a tool for a bearish

You want to enable commodity segment in Zerodha, but wondering how it's done. Here we'll discuss ways to activate the commodity segment in your Zerodha account and open a new Commodity account with the leading discount broker in India.

Trading commodities with Zerodha has been on an exponential rise due to its high-quality customer service and cheap trading costs. However, to open a commodity trading account with Zerodha you either have to be an existing trader with the company or also be willing to open a trading+demat account.

At present, Zerodha does not allow to open only the commodity trading accounts. This

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