• Top Stock Brokers in India ‐ Reviews, Comparison and Offers
Overview Overall

Zerodha is the innovator of the discount broking model in India, Infect, it brought the concept of discount broking in India and post that the overall dynamics of the stock broking space has seen huge transformation. It offers a broad range of financial products and services including securities brokerage, mutual fund distribution, Commodity trading etc. at low brokerage (zerodha rs 20 per trade).

  • Brokerage & Other Charges
  • Mobile Trading
  • Research
  • Customer Services

Why Zerodha?

    •  Zerodha Charge flat rate of ₹20 per executed order.
    •  Zerodha does not charge any brokerage on Equity delivery transactions.
    •  Zerodha provides platform to invest in mutual funds.
    •  Innovative trading platform.
    •  No upfront fee, no minimum brokerage and no minimum contract charges.
    • The largest stockbroker by active clients, market volume.
    • Zero brokerage Direct Mutual Funds. 
    • Offers up to 20x leverage on intraday trading. 

Positives

    •  No Brokerage on Equity delivery & Mutual Fund.
    •  Flat rate for stock trading.
    •  Own DP services.
    •  Strong Customer service .
    •  Good Brokerage & Margin Calculator.
    •  Offers up to 20x leverage on intraday trading.
    •  Offers most advanced online trading tools.
    •  Offers facility to apply on-line IPO .
    •  Zerodha offers referral program to its customers.

Needs Improvement

    •  No margin funding.
    •  Very High charges on Call and Trade @ ₹50 per call.
    •  Charges on Funds Transfer @ ₹9 per fund transfer.
    •  Charges on SMS Tradw alerts.₹1 for Equity, F&O, and Currency trade alerts and ₹0.50 for Commodity
    •  Additional charge of ₹50 per executed order for MIS/BO/CO positions which are not square off by the customer.
    •  Doesn't provide stock tips, research reports or recommendations.
    •  Doesn't offer Unlimited Trading Plans.
Overview :
Zerodha Review  
Year of Incorporation 2010
Products Kite Web, Kite Mobile for Android/iOS and Coin
Demat Services No
Active Exchange Memberships NSE, BSE, MCX and NCDEX
Website https://zerodha.com
Contact Details 080-40402020
Total Number of Clients 2,720,797+
Total Number of Branches 22

Zerodha Zerodha is an Indian financial services company (a member of NSE, BSE, MCX, MCX-SX) that allows the investor to access Brokerage-free equity investments, retail and institutional broking, currencies and commodities trading, and mutual funds across all platforms of the stock market and commodity market.

Zerodha claims that they are the one who has started "India's first discount brokerage" having started the "discount broking" model in India that is popular in developed markets. The said discount broking model avoids variable charges based on the volume and charges flat fees irrespective of volumes therefore favors traders who take large futures and options provisions. A flat fee of a maximum of Rs: 20 is applied to trade, irrespective of its size and by 2015 the Zerodha became the first company that offers brokerage and commission-free equity investments with no annual maintenance charges.

Zerodha has its headquarter in Bangalore and also accessible in the major cities across India. Zerodha have other franchise offices in Hyderabad (Andhra Pradesh), Pune (Maharashtra), Ahmadabad (Gujarat), Chennai (Tamil Nadu), Vijayawada (Andhra Pradesh), Hubli (Karnataka), Salem (Tamil Nadu), Coimbatore (Tamil Nadu), Kanyakumari (Tamil Nadu) and Kochi (Kerala).

It is also an official member of NSE's consultative committee for growing business. 

Special Offer: Brokerage free equity delivery trading + Flat ₹20 Intra-day and F&O trades. Get the offer
Special Offers: Brokerage free equity delivery trading + Flat ₹20 Intra-day and F&O trades. Get the offer
Zerodha became no 1 Stock broker both by the number of active clients and the trading turnover surpassing ICICI direct In January 2020 .

The headquarters of Zerodha is in Bangalore and its other franchise offices are in the major cities such as Hyderabad (Andhra Pradesh), Pune (Maharashtra), Ahmadabad (Gujarat), Chennai (Tamil Nadu), Vijayawada (Andhra Pradesh), Hubli (Karnataka), Salem (Tamil Nadu), Coimbatore (Tamil Nadu), Kanyakumari (Tamil Nadu) and Kochi (Kerala). Among the innumerable discount brokers in the nation, Zerodha is the firm that went online first. Anyone who would like to open an account online can walk into these franchise offices and get the services needed.

It has won the "Retail brokerage of the year 2018" by National Stock Exchange (NSE), "Retail broker of the year 2017" by Outlook Money, and "Entrepreneur of the year (Startup) 2017" by Ernst & Young.

Recently Zerodha has also launched the Mobile app called Zerodha varsity with two modules 'Introduction to stock markets' and 'Technical Analysis', which would provide highly structured and detailed notes about literally everything you need to know about trading and investing. This is available online and is free to access for all.

"Zerodha additionally charges ₹50 per Order execution for using Call & trade facility. Further, ₹9 is charged for each fund transfer through the banks"

Zerodha provides a margin calculator which helps the trader to calculate their margin requirement. It also helps the trader to calculate their margin requirements during the Intraday.

Zerodha Affiliation Details

  1. CIN: U67190KA2011PTC058078
  2. Zerodha NSE Member ID :
    • Capital Market (CM) - INB231390627
    • Future & Options (F&O) - INF231390627
    • Currency Derivatives (CDS) - INE231390627
  3. Zerodha BSE Member ID :
    • Capital Market (CM) - INB011390623
    • Future & Options (F&O) - INF011390623
  4. CDSL: IN-DP-CDSL-00278209
  5. NSDL: IN-DP-NSDL-11496000

Customers Service options offered by ZERODHA

Zerodha offers multiple communication channels to its clients for using customer service.

  1. Phone Number :
    • Customer Support / Call & Trade :
      • 080 4040 2020
      • 080 3310 2020
  2. Email Support: [email protected]
  3. Corporate Office :
    #153/154 4th Cross Dollars Colony,
    Opp. Clarence Public School,
    J.P Nagar 4th Phase,
    Bangalore - 560078
    080 4040 2020

Active Client Details Of Zerodha

  • 27.2+ lakh clients.
  • 22 Branch Office

Zerodha Account Opening Charges 2021

Zerodha charges Rs. 200 for online & Rs. 400 for offline account opening for Trading Account which is the one-time fee charged while initiating your account opening process. Rs. 300 are annual maintenance charges and would get deducted from your account even if you have not traded for a year by Zerodha to maintain your account.

Type Account Opening (One Time) Annual Maintenance Fees (Yearly)
Zerodha Equity Trading Account Rs.200 for Online and Rs 400 for Offline account Opening NIL
Zerodha Equity & Commodity Trading Account Rs.300 for Online and Rs 600 for Offline account Opening NIL
Zerodha NRI Trading Account Rs.500 (Offline account Opening only) NIL
Demat Account Rs.100 Rs.300

Zerodha Equity Delivery & Intraday Charges 2021

Please find below Zerodha Brokerage charges for Delivery Trade & Intraday Trades. Zerodha provides Delivery trade at Zero Brokerage charges and Zerodha brokerage charges for Intraday are 0.03% or Rs. 20/executed order whichever is lower.

Charges Equity Delivery Equity Intraday
Brokerage Free 0.03% or Rs.20/Trade whichever is lower
STT 0.1% ON BOTH Buy & Sell 0.025% On the Sell-side
Transaction / Turnover charges NSE : 0.00325%, BSE Rs. 1 each on buy trade & sell trade NSE : 0.00325%, BSE Rs. 1 each on buy trade & sell trade
SEBI Charges 15 Rs/Crore 15 Rs/Crore
GST 18% on (Brokerage + Transaction Charges) 18% on (Brokerage + Transaction Charges)
Stamp Duty 0.015% 0.03%

Zerodha F&O Brokerage Charges 2021

Please find below the Zerodha Brokerage Charges list for Equity Futures & Equity Options. Zerodha provides Equity future Trading at 0.03% or Rs. 20/executed order whichever is lower and Options Trading at Flat Rs. 20 Per Order.

Charges Equity Future Equity Option
Brokerage 0.03% or Rs.20/Trade whichever is lower Flat Rs. 20 per executed order
STT 0.01% On the Sell-side 0.05% On the Sell-side (ON PREMIUM)
Transaction / Turnover charges NSE : 0.0021%, BSE ₹ 1 each on buy trade & sell trade NSC : 0.053%, BSE ₹ 1 each on buy trade & sell trade
SEBI Charges 15 Rs/Crore 15 Rs/Crore
GST 18% on (Brokerage + Transaction Charges) 18% on (Brokerage + Transaction Charges)
Stamp Duty 0.002% 0.003%

Zerodha Currency Trading Brokerage charges 2021

Please find below Zerodha Brokerage Charges for Currency Future & Currency Options. Zerodha charges 0.03% or Rs. 20/executed order whichever is lower for Currency Future and Options Trading.

Charges Currency Future Currency Option
Brokerage 0.03% or Rs.20/Trade whichever is lower 0.03% or Rs.20/Trade whichever is lower
STT NA NA
Transaction / Turnover charges NSE: 0.00135% NSE: 0.044%
SEBI Charges 15 Rs/Crore 15 Rs/Crore
GST 18% on (Brokerage + Transaction Charges) 18% on (Brokerage + Transaction Charges)
Stamp Duty 0.0001% 0.0001%

Zerodha Commodity Brokerage & Other Charges 2021

Please find below the Zerodha Charges list for Commodity Trading. Zerodha charges 0.03% or Rs. 20/executed order whichever is lower for Commodity Trades.

Charges Commodity
Brokerage 0.03% or Rs.20/Trade whichever is lower
STT/CTT 0.01% on Sell
Transaction / Turnover charges Non-Agri: 0.0031% | Agri: 0.00175%
SEBI Charges 20 Rs/Crore
GST 18% on (Brokerage + Transaction Charges)
Stamp Duty Futures 0.002%, Options 0.003%

Zerodha Mutual Fund Fee Structure 2021

At The Time of Buying

For SIPs Nil Nil
For Lumpsum Investment Nil Nil

At The Time of Selling / Switching

For SIPs Nil Nil
For Lumpsum Investment Nil Nil

How to Open a Trading Account with Zerodha

To open an account online, you can sign up using your mobile number on Zerodha's website. You will receive an OTP to your number and you can get started with the process of opening an account. You will be required to enter your PAN, bank account details, and personal details to continue with the sign-up. If you face any difficulties while opening an account online, you could contact their Sales executives alternatively call them on - 080 47192020 / 080 71175337

The Final Thoughts about Zerodha

Zerodha being the original pioneer of the discount broking model in India and brought the concept of discount broking in our country and that brings a huge transformation in the overall dynamics of stockbroking. They have hit a sweet spot in terms of the cost and the benefits they offer. Zerodha comes with an affordable price rate, which is an excellent choice for any trader (beginner or an expert). Zerodha provides free Equity trading to beginners. The Zerodha helps you in gaining your knowledge with Varsity, trading QnA so if you are a beginner or experienced trader the Zerodha will always take an initiative for being a better investor.
Special Offer: Brokerage free equity delivery trading + Flat ₹20 Intra-day and F&O trades. Get the offer
Special Offers: Brokerage free equity delivery trading + Flat ₹20 Intra-day and F&O trades. Get the offer

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