Stock Brokerage Charges Comparison In India

About Brokerage Charges :

A brokerage fee is a fee charged by a broker to execute transactions or provide specialized services.Brokerage fees, also known as broker fees, are based on a percentage of the transaction or as flat fee.

Latest Brokerage charges 2020

CHARGESEQUITY DELIVERYEQUITY INTRADAYEQUITY FUTURESEQUITY OPTIONS
BrokerageZero BrokerageRs. 20 per executed order or 0.03% (whichever is lower)Rs. 20 per executed order or 0.03% (whichever is lower)Flat Rs. 20 per executed order
STT/CTT0.1% on buy & sell0.025% on the sell side0.01% on sell side0.05% on sell side (on premium)
Transaction ChargesNSE: 0.00325%
BSE: 0.003%
NSE: 0.00325%
BSE: 0.003%
NSE:
Exchange txn charge: 0.0019%
NSE:
Exchange txn charge: 0.05% (on premium)
Demat transaction charges₹ 13.5 + GST per scrip (irrespective of quantity)No chargesNo chargesNo charges
GST18% on (Brokerage + Transaction charges)18% on (Brokerage + Transaction charges)18% on (Brokerage + Transaction charges)18% on (Brokerage + Transaction charges)
SEBI Charges₹ 10 / crore₹ 10 / crore₹ 10 / crore₹ 10 / crore
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Upstox chargesEQUITY DELIVERYEQUITY INTRADAYEQUITY FUTURESEQUITY OPTIONS
BrokerageZero BrokerageRs. 20 per executed order or 0.05% (whichever is lower)Rs. 20 per executed order or 0.05% (whichever is lower)Flat Rs. 20 per executed order.
STT/CTT0.1% on both buy & sell.0.025% only on sell. 0.1% only on sell.0.1% only on sell.
Transaction ChargesNSE: 0.00325% per trade on buy & sell.

BSE: charges vary as per the scrip group
NSE: 0.00325% per trade on buy & sell.

BSE: charges vary as per the scrip group
NSE:

Exchange turnover charge: 0.0019%

Clearing charge: 0.0002%
NSE:

Exchange turnover charge: 0.05%

Clearing charge: 0.005%
Demat transaction chargesRs. 18.5 per scrip per day only on sell.No chargesNo chargesNo charges
GST18% (on brokerage + transaction + demat charges)18% (on brokerage + transaction charges)18% (on brokerage + transaction & clearing charges)18% (on brokerage + transaction & clearing charges)
SEBI ChargesRs. 15 / croreRs. 15 / croreRs. 15 / croreRs. 15 / crore
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CHARGESEQUITY DELIVERYEQUITY INTRADAYEQUITY FUTURESEQUITY OPTIONS
BROKERAGEFreeRs.20 per orderRs.20 per orderRs.20 per order
STT/CTTDelivery – 0.01% on both Sides
Intraday – 0.025% on Sell Side
Delivery – 0.01% on both Sides
Intraday – 0.025% on Sell Side
0.01% on Sell Side0.017% on Sell Side
Transaction ChargesINR 325/ CroreINR 325/CroreINR 190/CroreINR 5,000/Crore
GST18% on (Brokerage + Transaction Charges)18% on (Brokerage + Transaction Charges)18% on (Brokerage + Transaction Charges)18% on (Brokerage + Transaction Charges)
SEBI Charges₹ 15 / crore₹ 15 / crore₹ 15 / crore₹ 15 / crore
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CHARGESEQUITY DELIVERYEQUITY INTRADAYEQUITY FUTURESEQUITY OPTIONS
Brokerage₹ 20 per executed order₹ 20 per executed order₹ 20 per executed order₹ 20 per executed order
STT/CTT0.1% on both Buy and Sell0.025% on the Sell Side0.01% on Sell Side0.05% on Sell Side
Transaction Charges₹ 325 per crore (0.00325%)₹ 325 per crore (0.00325%)₹ 210 per crore (0.0021%)₹ 5100 per crore (0.051%)
GST18% on (Brokerage + Transaction Charge)18% on (Brokerage + Transaction Charge)18% on (Brokerage + Transaction Charge)18% on (Brokerage + Transaction Charge)
SEBI Charges0.00005% (₹ 5 / Crore)0.00005% (₹ 5 / Crore)0.00005% (₹ 5 / Crore)0.00005% (₹ 5 / Crore)
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CHARGESEQUITY DELIVERYEQUITY INTRADAYEQUITY FUTURESEQUITY OPTIONS
BrokerageFreeRs. 20 per executed order or 0.01% (whichever is lower)Rs. 20 per executed order or 0.01% (whichever is lower)Rs. 20 per executed order or 0.01% (whichever is lower)
STT/CTT0.01% on Both Side (Buy and Sell)0.025% on Sell0.01% on Sell0.017% on Sell
Transaction ChargesRs 325 Per CroreRs 325 Per CroreRs 210 Per CroreRs 5500 Per Crore
GST18% on the (Brokerage and Transaction charges)18% on the (Brokerage and Transaction charges)18% on the (Brokerage and Transaction charges)18% on the (Brokerage and Transaction charges)
SEBI ChargesRs 5 Per CroreRs 5 Per CroreRs 5 Per CroreRs 5 Per Crore
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CHARGESEQUITY DELIVERYEQUITY INTRADAYEQUITY FUTURESEQUITY OPTIONS
Brokerage0.10%0.01%0.01%Rs. 10 per lot
STT/CTT0.0126% of Total Turnover0.0126% of Total Turnover0.0126% of Total Turnover0.0126% of Total Turnover
Transaction ChargesNSE: 0.00325% and for BSE: 0.00275%NSE: 0.00325% and for BSE: 0.00275%NSE: 0.00190% and for BSE: 0.00190%NSE 0.05% and for BSE 0.05%
GST18% of (Brokerage + Transaction Charges)18% of (Brokerage + Transaction Charges)18% of (Brokerage + Transaction Charges)18% of (Brokerage + Transaction Charges)
SEBI Charges0.0002% of Total Turnover0.0002% of Total Turnover0.0002% of Total Turnover0.0002% of Total Turnover
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CHARGESEQUITY DELIVERYEQUITY INTRADAYEQUITY FUTURESEQUITY OPTIONS
Brokerage₹ 15 per executed order₹ 15 per executed order₹ 15 per executed order₹ 15 per executed order
STT/CTT0.1% on both Buy and Sell0.025% on the Sell Side0.01% on Sell Side0.05% on Sell Side
Transaction Charges0.0035%0.0035%0.0024%0.0715%
GST18% on (Brokerage + Transaction Charge)18% on (Brokerage + Transaction Charge)18% on (Brokerage + Transaction Charge)18% on (Brokerage + Transaction Charge)
SEBI Charges0.00005% (₹ 5 / Crore)0.00005% (₹ 5 / Crore)0.00005% (₹ 5 / Crore)0.00005% (₹ 5 / Crore)
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CHARGESEQUITY DELIVERYEQUITY INTRADAYEQUITY FUTURESEQUITY OPTIONS
Brokerage₹ 0 (Free)₹ 20 per executed order or .03% whichever is lower₹ 20 per executed order or .03% whichever is lower₹ 20 per executed order
STT/CTT0.1% on both Buy and Sell0.025% on the Sell Side0.01% on Sell Side0.05% on Sell Side
Transaction Charges₹ 325 per Cr (0.00325%)₹ 325 per Cr (0.00325%)₹ 240 per Cr (0.0024%)₹ 5900 per Cr (on premium) (0.059%)
GST18% on (Brokerage + Transaction Charge)18% on (Brokerage + Transaction Charge)18% on (Brokerage + Transaction Charge)18% on (Brokerage + Transaction Charge)
SEBI Charges0.00005% (₹ 5 / Crore)0.00005% (₹ 5 / Crore)0.00005% (₹ 5 / Crore)0.00005% (₹ 5 / Crore)
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Open Free Demat Account :

All Broker Account Opening Charges & Annual Maintenance Charges (AOC & AMC) :

SegmentZerodhaUpstoxAngel Broking5paisaAlice BlueAstha TradeTrade SmartFyers
Account Opening Charges (AOC)Equity – ₹ 200
Commodity – ₹ 100
Free FreeFreeEquity and Commodity – ₹ 500Equity – ₹ 500
Commodity – ₹ 500
FreeEquity and Commodity – ₹ 400
Annual Maintenance Charges (AMC)₹ 300 + GST₹ 150+ GST₹ 450 + GSTFree₹ 400 + GST₹ 300 + GST₹ 300 + GST₹ 300 + GST
DP (Depository participant) charges₹ 13.5 + GST₹ 18.50 +GST₹ 25 + GST₹ 15 + GST₹ 15 + GST
Call & tradeAdditional charges of ₹ 50 per order₹ 20 + GSTAdditional Charges Of Rs 20 / OrderWe charge a flat fee of Rs. 20 per executed order₹ 20 Free₹ 20 + GST
Payment gateway charges₹ 9 + GST₹ 9 + GSTYou can prepay your loans without any hassles after the lock-in period of 1 year. The foreclosure charges after this 1 year would be 5% + applicable GST.₹ 8 + GST
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Frequently Asked Questions :

Brokerage charges are the fee charged by the broker in order to execute the transaction or provide special offers.

Most of the brokers will charge brokerage fees for their services such as purchasing, sales, consultations, negotiations and delivery. There are no standard brokerage charges and it will vary from individuals to individuals.

Tax by the government when transacting on the exchanges. Charged as above on both buy and sell sides when trading equity delivery. Charged only on selling side when trading intraday or on F&O.

When trading at Zerodha STT / CTT can be a lot more than the brokerage we charge. Important to keep a tab.

Tax levied by the government on the services rendered. 18% of (brokerage + transaction charges)

Capital market regulator – SEBI levies fees for sale and purchase transactions in all types of securities. The expression ‘turnover’ will include the value of the trades executed by the client in a particular segment. The applicable SEBI Turnover fees across all segments is ₹ 10 / crore.

Exchange transaction charges + Clearing charges. Charged by exchanges (NSE, BSE, MCX) and clearing member.

Clearing charge is the fee levied by the Clearing Member (ISSL) for settling all CDS & MCX trades done by the client on the exchange.

BSE has revised transaction charges in XC, XD, XT, Z and ZP groups to Rs.10,000 per crore w.e.f 01.01.2016.

BSE has revised transaction charges in SS and ST groups to Rs.1,00,000 per crore of gross turnover.

DP charges are applicable whenever you sell any shares from your demat account. This charge is a source of revenue to the depositories and its participants. It is similar to how exchanges charge a transaction fee or how brokers charge brokerage.

DP charges are levied by the Depository (CDSL) and the Depository Participant (Zerodha Broking Ltd) at Rs 13.5 (+ 18% GST) per scrip for:

  1. Stocks sold from your holdings – The scrip will be moved out of your holdings on the next day of the sell and the charges will be posted in your ledger one day after the scrip is moved.
  2. BTST trades in a stock already held by you – Assume you have 100 shares of Reliance in your holdings. On Monday, you purchase 100 shares more and you sell them on Tuesday. The 100 shares you already hold will move out of your holdings on Wednesday and a DP charge will be levied. You will receive delivery of the shares you purchased on Monday by Wednesday EOD.  

Annual Maintenance Charge is the cost to maintain your demat account and thus, it is applicable only for the demat account maintained with us, i.e your trading account and commodity account will not have a maintenance charge.


AMC for holding a demat account at Zerodha:

For individuals, it is Rs. 300 + 18% GST

For partnership and LLP accounts, it is Rs. 300 + 18% GST

For corporate accounts, i.e. public and private limited companies, it is Rs. 1000 + 18% GST

For IL&FS demat (accounts opened before 15th Sep 2015), it is Rs. 400 + 18% GST

The AMC is directly charged from your trading account balance once in a quarter.

Call and Trade charges are calculated at Rs 20 per executed order. This means that the call and trade charges will be applicable only if the order placed on the phone is actually executed

transferring funds from your bank account to your trading account using net banking. This charge is only on transferring funds using instant payment gateway facility. Other transfer modes like Cheques / NEFT / RTGS / IMPS are free.

What is stamp duty?
It is a tax, similar to income tax, collected by the government. Stamp duty is payable under Section 3 of the Indian Stamp Act, 1899. Stamp duty must be paid in full and on time. If there is a delay in payment of stamp duty, it attracts penalty. A stamp duty paid instrument / document is considered a proper and legal instrument / document and has evidentiary value and is admitted as evidence in courts. Document not properly stamped, is not admitted as evidence by the court.

When is the stamp duty payable?
It is payable before execution of the document or on the day of execution of document or on the next working day of executing such a document. Execution of the document means putting signature on the instrument by the person’s party to the document.

Who is liable to pay?
In the absence of any agreement to the contrary, the purchaser / transferee has to pay stamp duty or in case of exchange of properties, both parties have to bear stamp duty equally.

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