Zerodha Account Opening Charges

Well, let’s be honest, who doesn’t know Zerodha! After all, it’s one of the top stockbrokers that changed the entire world of trading by bringing the discount brokerage system in India to facilitate ease of trading in the comfort of your home. But what are the Zerodha Account opening charges?

Indeed it is essential to understand Demat Account Opening charges if you’re thinking of starting your trade journey with this discount broker.

Zerodha Demat Account Opening Charges

Zerodha offers a 2-in-1 account facility where you get both a trading and a demat account to trade and hold your securities respectively. Since Zerodha has registered with both equity and commodity exchanges hence you can trade in both the using Kite app.

No doubt! Zerodha is the first discount broker that is known for free delivery trades and minimum brokerage charges for other segments, but when it comes to Zerodha demat account, then the traders are concerned about whether is it free?

OR

Zerodha charges fees for account opening?

Well! for this let’s get into the detail.

Zerodha Equity Account Opening Charges

An equity account allows you to place a trade in stocks listed on NSE and BSE. Here you can trade in different products (delivery or intraday) and market (equity or futures and options).

However, unlike many other stock brokers, Zerodha demat account charges for equity accounts is ₹200 plus GST. This is one-time payment that is need to be done at the time of account opening.

Here is the detail in the table below:

 

Zerodha Commodity Account Opening Charges

Next comes the commodity account. Here if you want to trade in commodities along with equity segment then you the broker charges additional amount equals to ₹100. Hence you need to pay ₹300 plus GST at the time of account opening.

Also, you can open it later by paying the applicable charges.

 

Here along with the account opening charges, there are Zerodha AMC charges which is ₹300+GST per annum, however, you get an option to pay on a quarterly basis as well. 

These AMC charges are imposed regularly after a certain period of time on a yearly, quarterly, or monthly basis depending on the particular stockbroker.

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Conclusion

Although, Zerodha is a renowned discount broker, unlike other stock brokers in India, the broker imposes the account opening fees. Despite this, many traders and beginners choose Zerodha to experience trading. 

Well! That’s because of the great services, highly advanced trading platform, and many more benefits that help the beginner to trade across segments in a seamless manner. 

So, when choosing a stockbroker, it is good to look for multiple parameters apart from the account opening fees to grab the best benefit. 

Thus, if you’ve made up your mind to begin your trading journey in the stock market, there must be no second thoughts about choosing Zerodha as your trading partner.

In case you are looking for more information then fill in the basic details in the form below and we will assist you in choosing the right stock broker and in opening a demat account online for FREE! 

 

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