All the brokerage houses levy account opening charge while opening the demat and trading account with them. This is towards the expenses they have to spend on man power and materials. Zeodha demat account opening charges are also in line with the industry standard.

In this article I will explain about Account opening and DP charges of Zerodha.

Brief Info about Zerodha:

I’m using their services since 2012. They began their operation in year 2010 as a startup and hardly had customer base of 5000+. Within short span of time they have grown exponentially to acquire customers in excess of 20Lakh+.

I have written a detailed review about Zerodha and you can read it here.

Zerodha is now enjoys one of the top position in best share brokers of India.

How much Brokerage can be saved with Zerodha?

Before we go into details of Zerodha account opening charges and DP fees, let us see how much savings a investor and a trader can do if he opens an account with Zerodha.

Because of the huge savings and the quality of products that Zerodha offers, they are able to overtake the likes of ICICI Direct and Sharekhan to become India’s largest stock broker within 8 years.

For Investor:

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If you plan to invest Rs 10 Lakh, with 0.55% brokerage (ICICIDirect charges this much!), you have to shell out Rs5,500 in brokerage itself where as you pay nil in case of Zerodha (Investments are free at Zerodha).

Hence there will be 100% savings in brokerage charges compared to brokers like ICICI Direct.

For Trader:

Now let us see for intraday and Futures traders, how much can be saved.

Let us assume you buy Rs 10lakh and sell 10lakh worth of shares daily. That means in around 20 trading days of month it will be 400 lakhs.

ICICI Direct charges 0.0275% hence the brokerage charges per month is Rs400Lakh * 0.0275% which is Rs 11,000.

So yearly it would be,

Rs11,000 * 12 months = Rs 1,32,000

Now Zerodha charges Rs 20/trade for intraday. In Zerodha, brokerage is not based on trade value. For each order they charge Rs20 irrespective of trade value.

Hence per day it would be Rs 40 (Rs20 for buy and Rs20 for sell) and for each month it would be 20* Rs40 = Rs 800

So per year it is Rs 800 * 12 months = Rs 9,600

Hence, traders can save more than 90% of brokerage and indirectly add to their profit

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zerodha-account-opening-and-dp-charges

Here is the account opening charges of Zerodha,

Zerodha Account opening Charges
Trading Account Opening ChargesRs 200
Demat Account Opening ChargesRs 100
Commodity Account Opening ChargesRs 200
(Demat + Trading) Account Opening ChargesRs 300
(Equity + Commodity) Account Opening ChargesRs 500

Above are one time charges and one can pay through different mode of payment.

Apart from account opening charges, one also need to pay Annual Maintenance Charges. These charges are paid once per year for maintaining the demat account with Zerodha.

Following table shows the Annual Maintenance Charges (AMC) of Zerodha:

Zerodha Annual Maintenance Charges
Trading Account AMCRs 0
Demat Account AMCRs 300
Commodity Account AMCRs 0

Zerodha DP Charges:

There are some other charges associated with the demat account and every stock broker providing demat account in India charges this.

DP charges is one of them. DP charges are charged at whatever point you move shares from your Demat account. It is a income source to the Depositories and its members.

There are two Depositories in India namely CDSL and NSDL. All the brokerage firms are attached to one of them. Brokers are called member of depositories or Depository participants (DP)

Stock exchanges such as NSE, BSE etc charge transaction charges and it is their source of income. On similar line, depositories charge DP charges.

Below are the details of those charges:

Zerodha Charges Other Than Brokerage
Stamp charges (POA Charges) -Payable upfrontRs 50
Advance DepositNIL
Transaction Charges (Market trades)
a) BuyNil
b) SellOn market: Rs 8 + Rs 5.5 (CDSL Charges); Off market : 0.03%or Rs 25 whichever is higher
Demat Charges (Converting physical certificates to electronic format)Rs 150 per certificate
Remat Charges (Converting electronic to physical certificates)Rs 150 per certificate + CDSL Charges
Pledge RequestRs 20 + Rs 12 per request (CDSL Charges)
UnPledge RequestRs 20 + Rs 12 per request (CDSL Charges)
Pledge InvocationRs 20
Periodic Statement by EmailFree
Periodic Statement – PhysicalRs 50 + Courier Charges at actuals
Adhoc/ Non-Periodic Statement Requests by EmailRs 10 per request
Adhoc/ Non-Periodic Statement Requests- PhysicalRs 50 per request upto 10 pages, Every additional page at Rs5 + Courier charges at actuals
First Delivery Instruction (DIS) bookFree (10) pages
Every additional book (10 leaves)Rs 100
Cheque bounce chargesRs 350
Failed TransactionsRs 50 per ISIN
Modification in CMLRs 25 per request
KRA Upload/DownloadRs 50

One frequently asked question is , how to avoid dep charges in Zerodha?. I would like to mention that it is not possible to not to pay DP charges if you are doing delivery based trades.

Yeah, you can avoid dp charges if you trade in following segments,

  • Intraday
  • BTST ( Buy Today and Sell Tomorrow)
  • Trade in Futures segment

There is no DP charges for intraday trading.

Final Thoughts about Zerodha Account opening and DP charges:

What I find is Zerodha unlike few other stock broker never offered any free stuffs. Some of the brokers provide variety of offers such as Zero demat account opening charges or waive off first year AMC charges.

However, all these comes with hidden clauses like, they may ask you to provide upfront brokerage charges or deposit some initial amount as margin amount etc.

I think Zerodha believed in providing best service to their customers rather than attracting with different offers.

I hope you got information about the charges levied by Zerodha for account (demat and trading) opening and their DP charges. Please let me know if you need any further details.

Zerodha DP Charges

Account Opening Charges

9.5/10

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