Understanding Call and Trade Charges in Zerodha Brokerage

Zerodha, a popular discount brokerage in India, operates with a transparent fee structure. However, various charges may be debited from your Zerodha account depending on the services you use. Here, we'll explore the key charges, including call and trade charges, to ensure you have a comprehensive understanding.

Call and Trade Charges

If you place an order through the call and trade service, where you call a representative to place your trade, Zerodha typically charges a fee for this service. The fee is generally around Rs. 50 per call. Despite the name, this fee is an additional charge apart from the brokerage fees applicable on trades.

In the context of intraday trading specifically, if you place a MIS (Market Intent Session) order and do not sell your stocks within the market time (typically by 3:20 PM), Zerodha will automatically square off the position. In such cases, the automatic square-off transaction may also be charged as a call and trade charge, which typically amounts to Rs. 20.

Brokerage Fees

Brokers like Zerodha charge brokerage fees on various types of trades. It's important to note that while the brokerage fee for equity delivery trades is zero, for intraday trades, there is a flat fee of Rs. 20 or 0.03 of the trade value, whichever is lower.

Transaction Charges

Transaction charges are levied by the exchanges and are passed on to customers. These are usually a small percentage of the trade value, making up a minor part of the overall cost of trading.

Goods and Services Tax (GST)

Goods and Services Tax (GST) is applicable on the brokerage and transaction charges. The applicable GST rate is typically 18%.

SEBI Charges

The Securities and Exchange Board of India (SEBI) charges a small fee on the turnover of trades. This fee is also debited from your account, contributing to the overall cost of trading.

Stamp Duty

Stamp duty is a state government charge applied to the value of the transaction and can vary significantly from one state to another.

Other Charges

Depending on the services you use, there may be additional charges for specific features or services. Always check the latest fee structure on Zerodha's official website or contact their customer support for the most accurate and updated information regarding charges.

To stay informed about the latest charges and to make well-informed decisions, it's essential to regularly review the fee structure and stay in touch with Zerodha's customer support. This will help you manage your trading costs effectively.

Understanding these charges is crucial for anyone using the Zerodha platform. If you have any questions or require further clarification, feel free to reach out to their customer support team. By staying informed, you can manage your financial activities more effectively and make the most of your trading experience.

Note: The information provided here is based on the most recent details available and may be subject to changes. Always verify the latest information on Zerodha's official website or through their customer support.