We advice you to check out your savings too using the “ Zerodha Brokerage Savings calculator“ Savings of almost 12 lakhs by just switching the broker! Just see the difference, Rs12Lakhs vs Rs10600/. Straight away you will be in the indirect profit of Rs4510 (Rs4500 – Rs40 = Rs4510) as soon you opened your position. It was coming around Rs4500 just in brokerage, leave alone other charges.
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For example, compare the brokerage with that of a full service broker who are charging 0.05% on the total turnover (Rs 9001000 in the below example). People started calculating how much they can save by switching to discount brokers like Zerodha or RKSV. But the new age discount brokers made it possible and revolutionized the way Indians trade. When traders first read “Rs20/ order”, many of them thought this as another scam building up to suck small investors!. They charge Flat Rs20 per executed order or 0.01% (Rs Zero for delivery) irrespective of number of shares for all the trades except delivery. It is quite evident from the below graph that, Zerodha is able to generate tremendous interest over the time when compared to some of the biggest names of brokerage houses in India.
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If you still have any queries, you can request a free call back from Zerodha here Starting from 01st December 2015, all the delivery based transactions done through them are totally free of brokerage charges.
Also one can open 3-in-1 demat account with them provided he opts to open savings bank account with IDFC First Bank Now they have started their own Demat services which will help the investors in seamless and hassle free transfer of funds and Securities and also reduced DP Charges. Update: Earlier they used to provide only trading account and for demat account, they had tie up with IL&FS. From single office at Bangalore to 120+ spread across multiple cities!. From web based “nowonline” trading platform to “Zerodha Kite”. From support for bank account of a single bank to accounts of forty banks.
If somebody has been associated with them from last few years, surely he/she will agree that Zeodha has evolved tremendously.
By the way Zerodha = Zero + Rodha (meaning “Barrier” in Sanskrit) Zerodhagrabbed the attention by its unusual name. Two of the new kids in the block, Zerodha Brokerage and RKSV started making lots of news in the trading forums and other online platforms. For more details visit 20 awesome Reasons that you should not miss about why to Trade with Zerodha put up on their website Zerodha Background The number of customer as on Mar 2020 exceeds 20,00,000 (Twenty Lakh fifty) and the daily turnover of more than 15% of NSE total turnover. It is one of the first online discount brokers of India and currently leads the rest of the pack both in terms of number of customers and daily turnover on the exchanges and has better reviews compared to its competitors. Nitin Kamath, a trader by himself in 2010. In this article, we shall do Zerodha review which has emerged as biggest stock broker of India leaving behind likes of ICICIDirect and Sharekhan. Only Reliance Money was the affordable broker at that time and that led many traders to lookout for new brokers who match their trading profile. Many of them had to forfeit what ever the balance they had on the prepaid card and some of them even had around Rs10000. It was 2010, many traders were disappointed when Reliance money discontinued their Prepaid Brokerage card and started charging based on the turnover.