Nithin just tweeted about the charges update effective from today, Oct 1, 2024:
For options: STT increases to 0.1% from 0.0625%, and the transaction charge decreases to 0.035% from 0.0495%, resulting in a net increase of 0.02303% or Rs 2303 per crore of premium on the selling side on NSE and of 0.0205% or Rs 2050 per crore on BSE.
For futures: STT rises to 0.02% from 0.0125%, and transaction charge decreases to 0.00173% from 0.00183%, resulting in a net increase of 0.00735% or Rs 735 per crore of futures turnover on the selling side.
Remember, STT is charged on the entire contract value for futures, while for options, it’s charged only on the premium. This makes the impact much larger for futures traders.
This is great news! @nithin - Thanks for this. This is the legacy and moat that you have maintained by not charging Equity Delivery fees. If other brokerages remove free equity delivery charges, you will be at an advantage as more people would sign up for Zerodha and then gradually Zerodha could make money with other services.