Zerodha Brokerage Calculator
Calculate Zerodha's brokerage, STT, GST, exchange charges, and DP charges for your trade — instantly, with no signup.
No state selector: since a 2020 amendment to the Indian Stamp Act, stamp duty on securities transactions is a single nationwide rate — it no longer varies by the trader’s state. Only how the revenue is distributed between states differs, not the rate you pay.
Total charges
₹242.97
Net P&L
₹4,757.03
Breakeven price
₹1,002.43
- Brokerage
- ₹0.00
- STT
- ₹205.00
- Exchange charges
- ₹6.29
- SEBI fees
- ₹0.21
- Stamp duty
- ₹15.00
- GST
- ₹1.13
- DP charges
- ₹15.34
- Gross P&L
- ₹5,000.00
- All figures re-confirmed directly against zerodha.com/charges/ on 2026-07-22 (fetched successfully) — delivery ₹0, intraday/futures 0.03%-or-₹20-whichever-lower, options flat ₹20, and DP ₹15.34/scrip all match this page's own stated numbers exactly, with no secondary-source discrepancies found.
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About Zerodha
- Founded
- 2010
- Broker type
- discount
- Parent company
- Zerodha Broking Ltd.
Zerodha was founded in August 2010 by brothers Nithin and Nikhil Kamath, and is widely credited with introducing the discount broking model to India — a flat ₹20-per-order fee (or zero, on delivery) in place of the percentage-of-trade-value brokerage that full-service brokers like Sharekhan charge. The name itself is 'zero' plus 'rodha,' Sanskrit for barrier, reflecting the company's founding pitch of removing cost as a barrier to investing.
Zerodha is entirely bootstrapped — the Kamath brothers built it on personal savings without ever taking outside venture capital, and it has remained profitable every year since founding. It reached a $1 billion internal valuation in 2020 without a funding round, an unusual path in Indian fintech where most scaled competitors raised significant institutional capital.
Zerodha was India's largest broker by active clients for years until Groww overtook it around 2023. As of 2026 it holds the #2 spot with roughly 15% market share and around 69 lakh active clients — behind Groww, but with a reported net worth of about ₹13,500 crore, roughly 1.7x the next-largest broker, reflecting a long run of profitability from a lean, tech-first model rather than aggressive user-acquisition spend.
Zerodha's charge structure
This calculator models Zerodha's rate card, re-confirmed directly against zerodha.com/charges/ during this research with no discrepancies found: ₹0 on equity delivery, and 0.03% of trade value or ₹20 per order (whichever is lower) on intraday and futures, with a flat ₹20 per order on options. DP charge is ₹15.34 per scrip, stated directly on Zerodha's own charges page as an all-inclusive figure (exchange fees plus GST) rather than something we had to reconstruct from separate components. Account opening is free for individual, minor, and HUF accounts (₹500 for NRI accounts); AMC is free for the first year on resident individual accounts, then tiers by holding value for BSDA accounts or a flat ₹300/year + GST for non-BSDA accounts.
| Trade type | Brokerage |
|---|---|
| Equity delivery | ₹0 (zero brokerage) |
| Equity intraday | 0.03% or ₹20.00 per order, whichever is lower |
| F&O futures | 0.03% or ₹20.00 per order, whichever is lower |
| F&O options | Flat ₹20.00 per order |
| DP charge (delivery sell only) | ₹15.34 per scrip |
Zerodha: pros & cons
Pros
- The original Indian discount broker — flat ₹20-per-order (or zero on delivery) pricing that the rest of the industry, including every other broker on this list, has converged toward since.
- Bootstrapped and consistently profitable since 2010, with no external investors — a track record that's rare among scaled Indian fintechs and suggests financial stability independent of funding cycles.
- Kite, Zerodha's trading platform, and Console, its reporting/backoffice tool, are widely regarded as mature, fast, and dependable relative to newer entrants still iterating on their core apps.
- Free account opening for individual, minor, and HUF accounts, and free AMC for the first year.
Cons
- No longer India's largest broker by active client count — Groww overtook it around 2023, and Zerodha's active client base has been declining in recent reporting periods even as it retains the #2 spot.
- AMC becomes a real recurring cost from year two onward for larger or non-BSDA accounts (up to ₹300/year + GST), unlike some newer brokers on this list that keep AMC permanently at zero.
- As one of the older, larger discount brokers, Zerodha's product roadmap and support responsiveness are sometimes described as more conservative than smaller, faster-moving challengers focused specifically on active-trader tooling.
- ₹20 flat options brokerage isn't the cheapest per-order fee among discount brokers compared on this site — some charge less.
How to open a Zerodha account
- 1Keep your PAN card, a proof of identity/address (Aadhaar, voter ID, driving licence, or passport), and a cancelled cheque or bank statement ready.
- 2Complete Zerodha's online account-opening form and verify your identity via Aadhaar-based e-KYC.
- 3Upload a photograph and complete eSign (Aadhaar OTP) to digitally sign the account-opening agreement — the process is fully online for individual accounts.
- 4If you plan to trade F&O, you'll additionally need income/net-worth proof (a recent ITR acknowledgment, Form 16, 6-month bank statement, or a CA-certified net-worth certificate).
- 5Once verified, your trading and demat account is activated at no charge for individual, minor, or HUF accounts — confirmed directly from Zerodha's own charges page (NRI accounts pay ₹500).
Ready to open an account with Zerodha?
Open a Zerodha accountFrequently asked questions
What is Zerodha's brokerage on delivery trades?
Zerodha charges ₹0 (zero) brokerage on equity delivery, confirmed directly from zerodha.com/charges/. Intraday and futures are 0.03% of trade value or ₹20 per order (whichever is lower), and options are a flat ₹20 per order.
Is Zerodha still India's largest broker?
No — Groww overtook Zerodha in active NSE client count around 2023, and as of 2026 Zerodha holds the #2 spot with roughly 15% market share and around 69 lakh active clients. Zerodha's reported net worth (~₹13,500 crore) is still around 1.7x the next-largest broker, though, reflecting years of bootstrapped profitability.
Is Zerodha a good broker for beginners?
Zerodha's Kite platform is widely regarded as mature and dependable, and its educational arm (Varsity) is a well-known free resource for learning the basics of markets and trading — making it a reasonable starting point for beginners who want a proven, long-established platform rather than the newest entrant.
Does Zerodha charge AMC?
The first year is free for resident individual accounts. From year two, BSDA accounts (holdings under ₹4 lakh) can remain free, while larger or non-BSDA accounts pay up to ₹300/year plus 18% GST, billed quarterly — confirmed directly from Zerodha's own charges page.
Who founded Zerodha?
Zerodha was founded in August 2010 by brothers Nithin and Nikhil Kamath. It's been entirely bootstrapped since founding, without external venture capital, and reached a $1 billion internal valuation in 2020 without a funding round.
Related reading: Trading Charges Explained: STT, GST, Stamp Duty & Every Fee on Your Trade
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