Zerodha Frequently Asked Questions

Zerodha Frequently Asked Questions

Is Zerodha safe?

Yes, Zerodha is SEBI registered digital broker. It is one of the top brokers in India with a track record of more than a decade. It is one of the platforms with the highest number of active users.

What is Zerodha Client Id?

Zerodha client id is created once you create an account. It is 6 digits alphanumeric number with 2 characters and 4 numbers. The client id is also used as a user id to login into Zerodha.

What is Zerodha DP Id?

DP is a Depository participant and DP Id is a unique identification number of the depository participant where your Demat account is maintained. 

All your shares are stored in the Demat account.

What is BO ID Zerodha | BO ID Zerodha

BO ID is Beneficiary Owner Identification Number. It is 16 digit identification number used to identify your Demat account.

The first 8 digits of BO ID are DP(Depository participant) ID, and the last 8 are client IDs.

How to get BO Id in Zerodha?

To get BO Id you need to log in to Zerodha Console and then go to the below menus

Console -> Account -> Demat

Zerodha AMC Charges | Zerodha maintenance charges | Zerodha Annual Maintenance Charges

No AMC charges for Zerodha trading & commodity account. However, for Individual accounts, Zerodha annually charges Rs. 300 + GST & your account is deducted for Rs. 75 + GST every quarter.
More Details on Zerodha AMC Charges.

Zerodha monthly charges

There are no monthly charges on Zerodha, AMC charges are deducted every quarter.

Zerodha Withdrawal Charges

There are no charges for withdrawing funds from the Zerodha account. You can transfer money directly to your bank account without any extra cost.

Zerodha Coin Charges

No charge for investing in Mutual funds on Zerodha Coin.

0.06% of investment value is charged for investing into G-sec, T-bills & SDLs.

More details on Zerodha Coin Charges.

Zerodha Streak Charges | Zerodha Streak Pricing

Zerodha streak charges range from Rs. 500 to Rs. 1400 per month, below the plan types and charges.

Basic Rs. 500/ month

Premium Rs. 900/ month

Ultimate Rs. 1400/ month

What is DP Charges in Zerodha | DP charges Zerodha | DP charges in Zerodha?

DP charges are Depository Participant charges applicable when you sell the stocks. On Zerodha DP charges are Rs. 13.5 + GST per day per scrip/ stock.

Security Transaction Tax Zerodha

STT(Security Transaction Tax) on Zerodha is as below

Equity delivery 0.1% on buy & sell

Equity intraday 0.025% on the sell side

Equity futures 0.01% on sell side

Equity options 0.05% on sell side

More details on Zerodha Charges.

SL in Zerodha | Stop-Loss in Zerodha | Stop-Loss Zerodha

Stop-loss is set to limit your losses in a trade. 

Zerodha intraday square off time | Zerodha square-off time

3:20 PM is Zerodha’s auto square-off time.

What is GTT in Zerodha | GTT in Zerodha

GTT is a Good Till Triggered feature offered in Zerodha. Once GTT is set to buy/ sell, the order is not triggered until the condition or price point is met.

It is like Stop Loss however the difference is that stop loss is valid for a day but GTT is valid for almost a year.

Zerodha GTT Charges

Zerodha’s GTT(Good Till Triggered) feature is free with no extra charges.

Documents required for Zerodha

Below documents are required to open an account in Zerodha

  • Photograph
  • Pan Card
  • Address Proof
  • Income Proof (required only for F&O and currency/ commodity trading)
  • Bank Proof(canceled cheque, bank statement, or bank passbook copy)

What is Trigger Price in Zerodha | Trigger Price in Zerodha

The trigger price is at which the buy/ sell order will get executed. When the stock price reaches the trigger price the order is sent to exchange for execution.

Zerodha referral amount

Zerodha offers 10% of brokerage paid by your referral.

More Details on Zerodha Referral Program

Zerodha Pi vs Kite

Zerodha Kite is an online platform that opens in a browser and provides a front end for trading.

Zerodha Kite is a lightweight, easy-to-use platform that can be open on any device browser with the internet.

Zerodha Pi is a software/ application which installs on your computer and provides a full-fledged trading terminal.

It has a lot of features used by high-frequency professional traders.

What is Zerodha Pi Bridge?

Zerodha pi bridge was developed for traders who have programming knowledge.

A trader can buy/ sell and trade based on his programming logic and algorithms.

Zerodha average calculator

Zerodha average calculator works on FIFO(first in first out) basis.

If you buy a stock at a different interval & then sell it, the stocks added first will be sold first.

More details on Zerodha average calculator

Zerodha nomination form

Zerodha allows adding nominations in both online/ offline modes. To add nominations offline you have to fill out the Zerodha nomination form which you can download from here.

After completing the details & signing you have to courier the document to Zerodha head office in Bengaluru at the address here.

What is Zerodha 60 day challenge?

Zerodha started an initiative to encourage new traders to work on their skills and make trading more fun.

The trader has to start trading & be profitable for next 60 days. One who completes this challenge gets acknowledgment and a certificate from Zerodha.
More details on Zerodha 60 day challenge

How to close Zerodha account | Zerodha account closure | Close Zerodha account

Zerodha allows to close accounts online and offline both.

For online you need to use the Zerodha console whereas for the offline process you need to fill out the account closure form and send it to the Zerodha Bangalore office at the address here.

More details on Zerodha account closure.

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