FAQs
What are the charges for NRI accounts at Zerodha?
Type of charge | Amount |
---|
Account opening charge | ₹500 |
Equity brokerage charge | PIS: 0.5% or ₹200, whichever is lower per executed order. Non-PIS: 0.5% or ₹100, whichever is lower per executed order. |
F&O brokerage charge | ₹100 per executed order. |
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Is Zerodha good for NRIs? ›
Zerodha does not offer banking services. Therefore, NRIs must open an NRE account with any of its partner banks and obtain a PIS permission letter before opening an NRE demat and trading account with Zerodha. However, they can open a Non-PIS NRO demat and trading account by linking their NRO accounts in any bank.
What are the fees charged by Zerodha? ›
What are the brokerage charges for resident individual accounts at Zerodha?
Segment | Charge |
---|
Delivery | No brokerage. |
Intraday | 0.03% or ₹20, whichever is lower per executed order. |
Futures | 0.03% or ₹20, whichever is lower per executed order. |
Options | Flat ₹20 per executed order. |
What are the brokerage charges for NRI trading account? ›
This charge varies from broker to broker i.e. Zerodha charges Rs 200 per order whereas ICICI charges 0.50 % - 1.25% of the trade value as NRI brokerage fees. Following are the tax/fee charged in addition to the brokerage charges: Securities Transaction Tax (STT) Exchange Transaction Charge (Turnover Fee)
Can I open a Zerodha account from the USA? ›
Non-Resident Indian (NRI) Zerodha accounts can only be opened offline, unlike resident individual accounts that can be opened online.
Which broker is best for NRI account? ›
Zerodha and Prostocks are the two best NRI discount brokers in India. Prostock is the low-cost NRI trading broker that charges Rs. 100 flat brokerage on NRI trading while Zerodha charges Max Rs. 200 per order brokerage.
Can I operate my Zerodha account from abroad? ›
A resident Zerodha account can be used even after going abroad if the stay is less than 6 months.
Can NRI have 2 demat accounts in India? ›
An NRI, at any point in time, can hold multiple demat accounts under their name. In fact, if you're a regular investor, you can choose to open all the above three NRI demat accounts - one for repatriable investments, another for non-repatriable investments, and a third for investing in the secondary market.
Which banks can NRIs link with their Zerodha account? ›
For a PIS account (NRE-PIS, NRO-PIS), the following banks can be linked:
- HDFC Bank.
- IndusInd Bank.
- IDFC FIRST Bank.
- Yes Bank.
- Axis Bank.
How can we avoid charges in Zerodha? ›
To avoid Delayed Payment Charges, maintain sufficient funds in the Zerodha account. Delayed payment charges are calculated on a daily basis and posted on the funds statement at the end of each month. The interest levied on the debit balance can also be checked on the interest statement on Console.
Quarterly charges
AMC is charged quarterly, i.e., every 91 days starting from the account opening date, and is deducted from the Zerodha account.
Is Zerodha really free? ›
Free investments are available only for our retail individual clients. Companies, Partnerships, Trusts, and HUFs need to pay 0.1% or ₹20 (whichever is less) as delivery brokerage. A brokerage of 0.25% of the contract value will be charged for contracts where physical delivery happens.
Which broker is best for NRI Demat account in India? ›
Zerodha is the best and largest broker offering online NRI trading services. Prostocks is another online discount broker which is a very popular amount the NRI traders for its low-cost NRO Non-PIS trading account. ICICI Bank is the most popular full-service broker. They offer an NRI 3-in-1 account.
How much tax for NRI trading in India? ›
NRI capital gains tax on shares
The capital gain tax rate for NRIs is 15%, and they are subject to TDS at the same rate. Investments held for over 12 months are treated as long-term capital gains and are taxed at 10% on gains exceeding ₹1 lakh.
What is the penalty for NRI using resident Demat account? ›
In case you fail to convert your resident savings account to an NRO account there are penalties involved, including: A fine of up to three times the amount in your bank account; or. A fine of ₹2 lakh if the amount is not quantifiable.
Is Zerodha an annual fee? ›
Yes, Zerodha charge Rs 300 per year Demat Account AMC (Annual maintenance charges) fees. This fee is charged quarterly (i.e. Rs 75 every quarter). Except this Zerodha doesn't have any annual charges or minimum balance requirements.
What is the penalty for NRI using resident demat account? ›
In case you fail to convert your resident savings account to an NRO account there are penalties involved, including: A fine of up to three times the amount in your bank account; or. A fine of ₹2 lakh if the amount is not quantifiable.
Which broker is best for NRI demat account in India? ›
Zerodha is the best and largest broker offering online NRI trading services. Prostocks is another online discount broker which is a very popular amount the NRI traders for its low-cost NRO Non-PIS trading account. ICICI Bank is the most popular full-service broker. They offer an NRI 3-in-1 account.