Zerodha Minor Account Charges

General
1

Is my understanding correct about Zerodha Minor account charges?

I have to pay DP Charges + 18% GST Two times.

  1. when I transfer my shares from parent’s demat account to kid’s demat account
  2. when I sold the shares in future from my kid’s demat account

If there is an option to buy shares directly with Zerodha Minor Account, I have to pay DP charges + 18% GST only once when I sold those shares.

2

When you transfer the shares, off market transfer charges of 0.03% of the transfer value or ₹25 per ISIN, whichever is higher, + 18% GST will be applicable.

When share are sold from holdings, DP charges of Rs. 13.5 + 18% GST will be applicable.

This isn’t possible, as the regulations don’t allow minors to buy securities on their own.

3

Is it applicable for all kind of selling? Ie even if I sell 1 share, I need to pay minimum (13+18%GST) rs?

4

Yes, DP Charges will be the same if you sell 1 share or 100 on that particular day on a particular exchange.

5

Yep, whenever you sell shares from holdings Rs. 13 + 18% GST will be applicable per stock, irrespective of the quantity sold.

1 Like
6

Thanks…
Just want to know what if the sell order gets executed in multiple lots. For eg I sold 100 shares and the order got executed in three lots (30,30,60). So in this case I’ll be paying 13 rs or (13*3) 39 rs?

7

If they are sold on the same day, then only one DP charge of Rs. 13 + GST