Does zerodha charge brokerage or other charges if future and options contracts are not squared off and held till expiry?
Futures
All open futures contracts will be closed at the settlement price on expiry. Normal brokerage and charges apply as mentioned in the charges page.
Brokerage is charged at Rs 20 for the closed trade.
Options
Exercised options- All in the money options are exercised(Calls- Settlement price> Strike price, Puts- Settlement price<Strike price). Brokerage is charged at Rs 20 for the close out trade. Other standard charges apply. STT is charged differently on expiry, the scenarios are mentioned below:
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If you have bought options, STT will apply at 0.125% of the contract which is higher than the normal STT for trading options(0.05% of the premium). Read more about the STT trap here
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If you have sold options, you’ve already paid STT while entering the trade and there is no STT obligation.
Unexercised options- For contracts that expire worthless, there are no charges charged to the options holder.
For contracts that have physical delivery obligation, the brokerage charged is 0.5% of the contract value due to the increase in effort and risk to physically settle these F&O positions. The contracts under physical delivery can be found [here](https://www.nseindia.com/content/circulars/FAOP37594.pdf. Our policy on compulsory physical settlement of stocks can be read here
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Is it Rs20 for 0.01% for the futures contract if they are not squared off till expiry?
Its 0.01% of the contract value or Rs 20, whichever is lower. Usually most of the futures contracts are more than Rs 2 lakhs, hence you are more likely to be charged Rs 20
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do I need to pay any charges if my call option expires and trading price is higher than the strike call price?
No! it does not requires to pay any charges in this case