Zerodha Kite – Demat Account Sign Up, Leverage, Brokerage Charges
India’s top stockbroker is Zerodha. It is the biggest and most well-known broker, providing online flat fee discount brokerage services for investments in the equity, currency, commodity, primary market (IPO), and direct mutual funds. And also it has lowest Brokerage Charges among all top brokers.
For direct mutual funds and equity delivery trades, Zerodha charges no brokerage fees. It charges flat fees for intraday and Future and Options (F&O) trades of Rs 20 or 0.03% (whichever is lower). With Zerodha, maximum you’ll ever pay Rs 20 as brokerage for an order (for any size, amount or segment). The trading platform offered by Zerodha is called Kite, and it can be accessed through website or through a mobile application.
Not only best discount broker in the nation, But also Zerodha has revolutionised the broking sector and the trading experience for millennial and new investors. One of the best stock brokers is Zerodha thanks to the simple and practical user interface. They are among the most transparent stock brokers and provide a great online trading platform at a reasonable brokerage fee. They are among the fastest-growing fintech companies in India thanks to their ongoing commitment to innovation and improvement. The majority of the nation’s active demat accounts are held by Zerodha.
Zerodha Demat Account opening charges
For Rs 200, you can instantly open a trading and demat account with Zerodha. Commodity Accounts are available for Rs 100. The cost will double and you will need to pay Rs 400 if you want to open an offline account. The demat account’s annual maintenance charge is Rs 300.
Zerodha Brokerage Charges
Zerodha uses a fixed brokerage model for each order that is completed. On the delivery of equity, there are no brokerage fees. The maximum brokerage is Rs 20 per order.
Trading Segment Brokerage Charges
Segment | Brokerage Charges |
Equity Delivery | Rs 0 (Free) |
Equity Intraday | Flat Rs 20 or 0.03% (whichever is lower) per executed order |
Equity Future | Flat Rs 20 or 0.03% (whichever is lower) per executed order |
Equity Options | Flat Rs 20 per executed order (on Turnover) |
Currency Futures | Flat Rs 20 or 0.03% (whichever is lower) per executed order |
Currency Options | Flat Rs 20 or 0.03% (whichever is lower) per executed order |
Commodity | Flat Rs 20 or 0.03% (whichever is lower) per executed order |
For More Details regarding Charges please refer to This Link
Latest Intraday leverages – MIS & CO
Segment | Leverage /Margins |
Equity | 20% of the trade value based on the volatility of the stock(VaR+ELM+Adhoc margins of the exchange) |
Index F&O | 1X (100% of NRML margins(SPAN + Exposure)) |
Stock F&O | 1X (100% of NRML margins(SPAN + Exposure)) |
Currency Futures | 1X (100% of NRML margins(SPAN + Exposure)) |
Commodity Futures | 1X (100% of NRML margins(SPAN + Exposure)) |
By margin calculator you can check the NRML margins. For check click on This link.
Zerodha Hidden Charges
The following explanations for the hidden fees associated with Zerodha brokerage include call and trade charges, broker position square-off, and SMS trade alerts:
1) The Call and Trade feature is available for an additional Rs. 50 per call.
2) For MIS/BO/CO positions that are not squared off by the customer, an extra fee of Rs 50 per executed order will apply.
3) Contract notes can be ordered in hard copy for an additional Rs 20 per contract. Extra courier fees apply.
Optional trade SMS alerts cost Rs 1 for equity, F&O, and currency alerts and Rs 0.50 for commodity alerts.
4) For delivery-based equity selling, the DP fee is Rs 13.5 plus GST (18%) per transaction.
How to open a Zerodha Account online?
Here is a step-by-step guide for opening a demat account with Zerodha using the online process:
Step 1: Go to the Zerodha Demat account opening page on the website. Or link on below image to directly go to that page.
Step 2: To sign up, enter your mobile number.
Step 3: An OTP will be sent to the mobile number you entered.
Step 4: Enter the OTP to verify the details.
Step 5. Enter your full name and email address in (The names on your Aadhar Card, PAN Card, and bank accounts must match. )
Step 6: Enter the PAN card information and the date of birth (DOB).
Step 7: Continue by paying the opening fees for a Zerodha Demat Account (Rs 200 for Equity and Additional Rs 100 for commodity).
Step 8: Following payment, you will be prompted to connect your Aadhaar information to Digilocker.
Step 9: After the Aadhar verification is complete, a new screen will appear on which you must enter your bank information.
Step 10: The following process includes IPV (In-Person Verification) via phone or webcam.
Note: In person verification, or IPV, is a process where a Depository Participant personally confirms documents and other information in accordance with the law as set forth by SEBI. Before opening a trading account or a demat account, every investor must undergo the in-person verification (IPV) process.
11. The submission of the signature is the next step. You will have two choices: either digitally sign the page using your Aadhaar or print the form and send it by courier.
12. The submission of documents is a further step. Scan every required document, including a signature, a PAN card, and, if necessary, income proof.
13. The next step is e-Sign in. Click on eSign Equity to proceed to the following step. Click the Submit button after entering the security code you received on your registered mobile number.
14. Click the next window to open it, then type in your Aadhaar number. Put a check in the box, then press the “Request OTP” button. This will complete the whole process.
Important Information: When using the online method, you must authenticate it with an OTP in order to complete the eSign process. Therefore, confirm that the number is associated with your Aadhaar. You won’t be able to finish the process if your mobile number is not linked with Aadhar.
How to open a Zerodha Account offline?
You must download the application from Zerodha’s official website in order to complete it offline. Complete it and sign it. You can either call a representative at your location or send it by courier or mail to the Zerodha headquarters. However, the business has temporarily stopped form pick-ups as a precaution for the safety of its employees from the Covid-19.
The application forms must be sent to below address:
Zerodha HO [#153/154 4th Cross Dollars Colony,
Opp. Clarence Public School,
J.P Nagar 4th Phase, Bangalore – 560078
What do you require to open an account offline?
1. A single passport-sized photo
2. A PAN Card copy with self-attestation
3. Address verification, which must also be self-attested (Driving License, Voter ID, Passports, Aadhar Card, Bank Statement)
4. A self-attested copy of income documentation (such as a most recent pay stub, an ITR, a Form 16, a six-month bank statement, etc.). required for trading derivatives (FO, CDS, and MCX)
5. A copy of a bank passbook, a personalised cancelled check with a name on it, or a bank statement (With visible bank account number, MICR and IFSC code) If you have all the necessary documents, you can open an account with Zerodha using the online method in less than 15 minutes.
To know about Best Paper Trading Websites go through this blog post – Best Paper Trading Websites