Open an account
- Account opening
- ₹0
- Demat AMC
- ₹0 year 1, then ₹300/yr + GST
Apply for IPOs
- Mainboard IPOs
- Yes
- SME IPOs
- Yes
Sell your IPO shares
- Delivery brokerage
- ₹0
- DP charge on a sale
- ₹13 plus GST per scrip
- Cost to sell ₹15,000 of IPO shares
- ₹15.34Brokerage and DP with GST, ours
Zerodha: strengths and things worth checking
Worth checking
- AMC after the first year
₹300 a year plus GST for a regular demat account.
- SME IPO limits
One bid per SME IPO, and if the UPI payment fails you cannot apply by net banking.
- Dealer orders cost extra
₹50 per order through call and trade or auto square-off.
Strengths
- ₹0 brokerage on delivery
Buying and selling IPO shares from your demat account carries no brokerage.
- Lower DP charge
₹13 plus GST per sale.
- SME IPOs on both exchanges
NSE and BSE SME IPOs can be applied for with UPI.
Company and registration
| Company | Zerodha Broking Limited |
|---|---|
| SEBI stockbroker registration | INZ000031633 |
| Depository participant | IN-DP-431-2019 |
| Website | zerodha.com |
| Size | One of the five largest brokers by active clients on NSE (September 2026) |
Zerodha account opening and AMC charges
| Charge | As published by Zerodha |
|---|---|
| Account opening | ₹0 for individual accounts (₹500 for NRI, partnership, LLP and corporate accounts) |
| Demat maintenance (AMC) | Free in the first year for resident individuals, then ₹300 a year plus GST, charged quarterly |
| AMC, basic services demat account (BSDA) | Free up to ₹4 lakh of holdings; ₹100 a year plus GST from ₹4 lakh to ₹10 lakh |
Zerodha brokerage charges
| Segment | Brokerage |
|---|---|
| Equity deliveryWhen you sell IPO shares | ₹0 |
| Equity intraday | 0.03% or ₹20 per executed order, whichever is lower |
| Equity futures | 0.03% or ₹20 per executed order, whichever is lower |
| Equity options | ₹20 per executed order |
| Currency futures | 0.03% or ₹20 per executed order, whichever is lower |
| Currency options | ₹20 per executed order |
| Commodity futures | 0.03% or ₹20 per executed order, whichever is lower |
| Commodity options | ₹20 per executed order |
| Direct mutual funds | ₹0 |
Other Zerodha charges
| Charge | As published by Zerodha |
|---|---|
| DP charge on selling delivery sharesWhen you sell IPO shares | ₹13 plus GST per scrip (₹3.50 CDSL, ₹9.50 Zerodha); ₹15.34 with GST |
| Call and trade | ₹50 per order placed through a dealer |
| Auto square-off | ₹50 per order |
| Physical contract note | ₹20 per note plus courier |
| Payment gateway | ₹9 plus GST; no charge on UPI transfers |
| Pledge for margin | ₹30 plus GST per request per ISIN |
| Margin trading (MTF) interest | 0.04% a day (₹40 per lakh) on the funded amount |
Sources: Zerodha charges, Zerodha support: SME IPO, read on 23 Oct 2026. GST at 18% applies on brokerage and most charges unless stated. Charges change; check Zerodha's page before you open an account.
Government and exchange charges
These are set by the government, SEBI and the exchanges, and are the same at every broker.
| Charge | Equity delivery | Equity intraday |
|---|---|---|
| Securities transaction tax (STT) | 0.1% on buy and sell | 0.025% on sell |
| Exchange transaction charge | NSE 0.00307%, BSE 0.00375% | NSE 0.00307%, BSE 0.00375% |
| SEBI fee | ₹10 per crore | ₹10 per crore |
| Stamp duty (buy side) | 0.015% | 0.003% |
| GST | 18% on brokerage, exchange and SEBI charges | 18% on brokerage, exchange and SEBI charges |
Government and exchange rates as listed on the Zerodha and Indiabulls Securities charges pages, read on 23 Oct 2026.
What it costs to sell your IPO shares on Zerodha
Applying for an IPO carries no brokerage. Costs come when you sell. For IPO shares worth ₹15,000 sold from your demat account (our calculation):
| Zerodha brokerage | ₹0.00 |
| GST on brokerage | ₹0.00 |
| DP charge with GST | ₹15.34 |
| Charged by Zerodha | ₹15.34 |
|---|---|
| STT (0.1%) | ₹15.00 |
| Exchange and SEBI charges | ₹0.48 |
| All charges on the sale | ₹30.91 |
Zerodha brokerage calculator
Enter a trade to see every charge. The example is one SME lot of 800 shares bought at ₹179 and sold at ₹190.
| Charge | Zerodha |
|---|
Our calculation from each broker's published charges and the government and exchange rates above (NSE). For delivery, the DP charge is added once on the sale. Where a broker does not publish a charge, it shows as not published.
Applying for IPOs on Zerodha
| Mainboard IPOs | Yes, through Kite or Console with a UPI mandate |
|---|---|
| SME IPOs | Yes, NSE and BSE SME IPOs through UPI. Only one bid per SME IPO, and no net banking fallback if the UPI payment fails |
| Last time to bid | The HNI window closes at 4 pm on the last day; bids after 3 pm go to the exchange on a best-effort basis |
How to apply for an IPO on Zerodha
- Find the IPO. Open the IPO section of the Zerodha app or website while bidding is open, and pick the IPO.
- Enter your bid. Enter the number of lots and either tick cut-off price or enter a price within the band. SME IPOs need a price; cut-off is not allowed.
- Approve the UPI mandate. Approve the mandate in your UPI app before 5 pm on the closing day. The money is blocked, not debited, until allotment.
- Check allotment and sell if you choose. Allotted shares reach your Zerodha demat account the next working day. You can sell from the listing day.
Any demat account also lets you apply through ASBA in your bank's net banking. See the IPOs open this week.
How to open a Zerodha account
- Keep your documents ready. PAN, Aadhaar linked to your mobile number, a bank account with a cancelled cheque or statement, and your signature on white paper.
- Start on zerodha.com. Sign up on the Zerodha website or app with your mobile number and email, and verify the OTPs.
- Complete KYC online. Enter your PAN and Aadhaar details, link your bank account, and upload a photo and signature. Most brokers also do in-person verification by video or selfie.
- E-sign the form. Sign the account opening form with an Aadhaar OTP. The account is usually active within one or two working days.
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Frequently asked questions
What are the Zerodha account opening charges?
₹0 for individual accounts (₹500 for NRI, partnership, LLP and corporate accounts). Demat AMC: Free in the first year for resident individuals, then ₹300 a year plus GST, charged quarterly.
What is the Zerodha brokerage on delivery?
₹0. Intraday: 0.03% or ₹20 per executed order, whichever is lower.
What is the Zerodha DP charge?
₹13 plus GST per scrip (₹3.50 CDSL, ₹9.50 Zerodha); ₹15.34 with GST. The DP charge is collected each time you sell shares from your demat account, including IPO shares.
Can I apply for SME IPOs on Zerodha?
Yes, NSE and BSE SME IPOs through UPI. Only one bid per SME IPO, and no net banking fallback if the UPI payment fails.
How do I apply for an IPO on Zerodha?
Open the IPO section of the Zerodha app, pick the IPO, enter the lots and price (or cut-off for mainboard IPOs), and approve the UPI mandate before 5 pm on the closing day.
What does it cost to sell IPO shares on Zerodha?
Selling ₹15,000 of IPO shares costs ₹15.34 in Zerodha brokerage and DP charge with GST, and ₹30.91 in all after STT, exchange and SEBI charges (our calculation).
Is Zerodha registered with SEBI?
Yes. Zerodha Broking Limited is registered with SEBI as a stockbroker, INZ000031633, and as a depository participant, IN-DP-431-2019. You can confirm it on the SEBI website.
What is the Zerodha margin trading (MTF) interest rate?
0.04% a day (₹40 per lakh) on the funded amount.
Is Zerodha good for IPO investors?
It depends on how you invest. Compare the yearly AMC, the cost to sell IPO shares and SME IPO access below with other brokers. We list facts from Zerodha's own website and do not rate or rank brokers.