Independent review
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SEBI reg. INZ000031633 NSE · BSE · MCX · MSEI CDSL depository

₹0 brokerage on delivery.
Flat ₹20 on intraday & F&O.

Zerodha is India's largest broker by networth. Free account opening, zero commission on equity delivery and direct mutual funds — and every charge published on one page. Here's the honest breakdown before you sign up.

₹0Equity delivery brokerage
₹20Flat, intraday & F&O per order
₹0Direct mutual funds
₹0Account opening
Open a free account → See every charge first

Takes ~5 minutes · PAN + Aadhaar · fully online

Kite trading platform shown on desktop and mobile, with live watchlist, holdings and market depth
Kite — Zerodha's trading platform, on web, Android and iOS
1.6 crore+Customers
₹6 lakh crEquity investments held
~15%Of India's daily retail volume
#1Broker by networth (NSE)
₹0Account opening & delivery
30+Fintech ventures in the group

Figures published by Zerodha, August 2026. "India's largest broker" is based on networth as per NSE's broker factsheet.

The part most sites skip

Every charge, on one page

Brokerage is only part of what you pay. STT, exchange transaction charges, GST, SEBI fees and stamp duty are statutory — every broker charges them identically. Only the brokerage row is Zerodha's to set.

Rates verified against zerodha.com/charges on 8 Aug 2026

Equity delivery

Brokerage
Zero
STT
0.1% on buy & sell
Transaction charges
NSE 0.00307%
BSE 0.00375%
GST
18% on brokerage + SEBI + txn
SEBI charges
₹10 / crore
Stamp duty
0.015% (₹1,500/cr) buy side

Equity intraday

Brokerage
0.03% or ₹20 — lower
STT
0.025% sell side
Transaction charges
NSE 0.00307%
BSE 0.00375%
GST
18% on brokerage + SEBI + txn
SEBI charges
₹10 / crore
Stamp duty
0.003% (₹300/cr) buy side
Equity delivery and intraday charges
ChargeEquity deliveryEquity intraday
BrokerageZero0.03% or ₹20 per executed order, whichever is lower
STT / CTT0.1% on buy & sell0.025% on the sell side
Transaction chargesNSE 0.00307% · BSE 0.00375%NSE 0.00307% · BSE 0.00375%
GST18% on (brokerage + SEBI + transaction charges)18% on (brokerage + SEBI + transaction charges)
SEBI charges₹10 / crore₹10 / crore
Stamp charges0.015% or ₹1,500/crore on buy side0.003% or ₹300/crore on buy side
The other charges nobody mentions (14 of them)
  • Account opening — individual, minor, HUF onlineFree
  • Account opening — NRI / corporate / LLP / partnership₹500
  • Demat AMC — year one, resident individualFree
  • Demat AMC — BSDA, holdings under ₹4 lakhFree
  • Demat AMC — BSDA, ₹4–10 lakh₹100/yr + GST
  • Demat AMC — non-BSDA₹300/yr + GST
  • DP charge, per scrip on sell (any quantity)₹15.34
  • Call & trade / auto square-off, per order₹50
  • Order placed while account is in debit balance₹40 instead of ₹20
  • MTF interest on funded amount, from T+10.04%/day (₹40/lakh)
  • Pledge request, per ISIN₹30 + GST
  • Off-market transfer, per transaction₹25
  • Payment gateway (free on UPI)₹9 + GST
  • Delayed payment on debit balance0.05%/day (18%/yr)

Run your own numbers

What flat ₹20 is actually worth to you

Percentage-based brokerage scales with your trade size; flat ₹20 doesn't. Move the sliders to see the brokerage-only difference on intraday trades over a year. Statutory charges are excluded — they're the same at every broker.

20 trades
₹1,00,000
0.05%
Your broker / year₹12,000
Zerodha / year₹4,800
Brokerage you'd keep, per year ₹7,200
Open a free account →

Illustration only, not a promise of savings. Compares brokerage alone: Zerodha at 0.03% capped at ₹20 per executed order, versus a flat percentage you set. STT, exchange transaction charges, GST, SEBI fees, stamp duty, DP charges and AMC are excluded and apply either way. Your real cost depends on your order pattern.

What you actually get

Four apps, one login

The account isn't just an order window. Trading, reporting, mutual funds and APIs are separate, focused products — all included, none of them upsold.

Kite — trading platform

Streaming market data, advanced charts, and a genuinely fast order window. Web, Android and iOS.

Kite dashboard showing watchlist, holdings and market depth

Console — reports & backoffice

P&L, tax statements and portfolio visualisations. The bit you'll be glad exists every July.

Console dashboard with portfolio reports and charts

Coin — direct mutual funds

Commission-free direct plans, held in your demat. ₹0 commission, ₹0 DP charges.

Coin app showing direct mutual fund holdings

Kite Connect — trading APIs

Simple HTTP/JSON APIs to place orders, stream market data and manage your account — for algo traders and app builders. ₹500/month; the personal tier is free.

Varsity & TradingQ&A — free education

Varsity is one of the largest open stock-market curricula anywhere, and TradingQ&A is India's most active investing community. No paywall, no account needed.

One account, everything listed

StocksAll exchange-listed securities
Mutual fundsCommission-free direct plans
IPOsApply instantly via UPI
Futures & optionsEquity, currency, commodity

Bonds, ETFs, gold and third-party fixed deposits are also available. F&O requires income proof at signup. Derivatives carry a high risk of loss.

Why people switch

The four reasons that come up every time

Pricing that doesn't move

₹0 on delivery and direct mutual funds, flat ₹20 on intraday and F&O. No hidden charges, no percentage creep as your portfolio grows.

No spam, no gamification

Zerodha's stated policy: no gimmicks, no "gamification", no push notifications nagging you to trade. Features like Nudge and Kill Switch actively slow you down instead.

The platform is the product

No relationship manager calling with tips. No stock recommendations. The apps are the whole offering, and they're built in-house.

An ecosystem, not an app

Investments in 30+ fintech startups mean options, thematic baskets, research and insurance plug into the same account.

The Zerodha universe

Six more platforms, same login

Zerodha's investments in 30+ fintech startups plug into the account you already have — no extra signup, no extra KYC.

Streak Build and backtest trading strategies without writing code.
Sensibull Options strategies, position analysis, open interest and FII/DII data.
smallcase Thematic investing in diversified baskets of stocks and ETFs.
Tijori Research on stocks, sectors and supply chains.
Ditto Personalised life and health insurance advice, without mis-selling.
Zerodha Fund House Zerodha's own AMC — simple, transparent index funds.

Account opening

Three steps, about five minutes

Entirely online. No paperwork, no branch visit, no courier — as long as your Aadhaar is linked to your mobile number.

Enter your details

Mobile number, OTP, PAN and Aadhaar. Bank account is verified over UPI.

Complete e-sign & verification

Aadhaar e-sign plus a short in-person verification video.

Start investing

Credentials arrive by email, usually within a day or two.

Open a free account →

Already have a demat account? Zerodha covers transfer costs up to ₹500.

Account types

IndividualFree
HUFFree online
MinorFree
NRI₹500

Keep these ready

  • PAN card — number is enough
  • Aadhaar — must be linked to your mobile for OTP
  • Bank account in your own name — cancelled cheque or statement only if UPI verification fails
  • Income proof — only if you want to trade F&O

Before you sign up

Is account opening really free?
Yes, for individual, minor and online HUF accounts. NRI, corporate, LLP and partnership accounts cost ₹500. There's also no AMC in the first year on new resident individual accounts.
So how does a zero-brokerage broker make money?
Intraday and F&O brokerage (₹20 flat), margin funding interest, DP charges when you sell, annual maintenance from the second year, and paid add-ons like Kite Connect. Delivery and direct mutual funds genuinely are ₹0 — the cost sits elsewhere in the ledger, and it's all published.
What will I actually pay from year two?
Demat AMC, billed quarterly:
  • BSDA account, holdings under ₹4 lakh — free
  • BSDA, ₹4–10 lakh — ₹100/year + 18% GST
  • Non-BSDA — ₹300/year + 18% GST regardless of holdings
BSDA applies automatically if you hold one demat account per PAN with up to ₹10 lakh in it.
What documents do I need?
PAN, Aadhaar linked to your mobile number for OTP, and a bank account in your own name. A cancelled cheque or bank statement is only needed if UPI verification fails. Income proof is required solely for F&O.
Can I move an existing demat account across?
Yes. Zerodha reimburses transfer costs up to ₹500 when you move holdings from another broker.
Is Zerodha safe?
Zerodha Broking Ltd. is a SEBI-registered stockbroker (INZ000031633) and a member of NSE, BSE, MCX and MSEI, with depository services through CDSL (IN-DP-431-2019). Your securities sit in your own demat account with the depository, not with the broker. That said, regulatory registration protects custody, not your returns — market losses are entirely yours.
What's the catch?
There's no relationship manager, no phone support desk that picks up instantly, and no stock tips — support runs through tickets. If you want someone to call you with recommendations, a full-service broker is a better fit and will charge you accordingly. Also worth knowing: orders placed while your account is in debit balance cost ₹40 rather than ₹20, and call-and-trade orders are ₹50 each.

₹0 to open. ₹0 on delivery.
₹20 flat on everything else.

Join 1.6 crore+ investors. Fully online, about five minutes, PAN and Aadhaar.

Open a free account → Re-read the charges

Investments in securities are subject to market risks.