Hidden Charges in Zerodha?


#1

Do Zerodha charges any extra against DP charges? For DP Charges it charges 13.5 right? But in my account it has been charging as 15.93. Why so?

Example: Bought Sintex Ind @29.95 per equity *1000= 29950
Sold @30.95 = 30950

                                  Turnover          60900
                                  Brokerage               0
                                  STT total               61
                         Total txn charge               1.98
                                            GST              0.36
                                    SEBI charges       0.09
                                Stamp Duty (AP)      3.05
                                   DP Charges        13.5
                        Total tax and charges    79.98
                          Points to breakeven       0.06                                      
                      **Net profit 920.02*

Is this calculation correct

?


#2

It’s 13.5+18% GST. Check this post to know more about why DP charges are levied.


#3

But is the 18% standard? I find DP charges on my account as 14.75, which means a GST of 9.26% is charged. Can you clarify this?


#4

Hi, @LeninNair, You are charged Rs.14.75 because you hold an IL&FS demat account, where:
IL&FS Charges - Rs.8/-
NSDL Charges - Rs.4.50/
Total charge: 12.50 *18% = Rs. 14.75/-


#5

@Bhuvanesh that means its better to have IL&FS Demat than zerodha Demat???

IL&FS DP charges - 14.75
Zerodha DP charges - 15.93


#6

We don’t open IL&FS demat accounts anymore now that Zerodha is a DP with CDSL.


#7

Reduce the charges :stuck_out_tongue: