Comparison Table Of Brokerage Charges In India

Here you will find a table comparing intraday brokerage charges and delivery brokerage charges charged by different online brokers in India : Sharekhan, ICICIdirect, Motilal Oswal, Religare, SBICAP Securities, Angel Broking, 5paisa, Indiabulls, UTI Securities, HDFC Securities, Indiainfoline, Reliance Money. I constantly try to update this table and try to keep it upto date, so if you have any more information, please leave a comment. It is also important that you read the remarks below the table to get a complete picture.

You may also be interested in MCX / Commodity Brokerage charges.

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Online Broker	Brokerage for Delivery	Brokerage for Intraday trading	MMC*
Zerodha brokerage charges	20 Rs / Order	20 Rs / Order
R K Global Shares & Securities brokerage charges	9 Rs / Lot	9 Rs / Lot	NIL
SBICAP Securities brokerage charges	0.50%	0.10%	NIL
Sharekhan brokerage charges	0.03% - 0.50%	0.03% - 0.10%	NIL
Motilal Oswal brokerage charges	0.30% - 0.50%	0.03% - 0.15%
5 paisa brokerage charges	0.25% - 0.85%	0.07%
Angel Broking brokerage charges	0.50%	0.02% - 0.03%
ICICI direct brokerage charges	0.75%	0.15%
Indiabulls brokerage charges	0.25% - 0.50%	0.05% - 0.10%
HDFC Securities brokerage charges	0.50%	0.15%
UTI Securities brokerage charges	0.80%	0.15%
Religare brokerage charges	0.20% - 0.30%	0.02% - 0.03%
Reliance Money brokerage charges	0.01%	0.01%	card system
Geogit brokerage charges	0.30%	0.03%
Indiainfoline brokerage charges	0.50%	0.10%	-
Compositedge brokerage charges	Rs 25 to 15 per order	Rs 25 to 15 per order	-

MMC=Minimum monthly commitment.

• Brokerage is usually negotiable: Several of you trying to choose an online broker and open an online trading account must have been frustrated trying to search for the exact brokerage charges charged by various online brokers. But the fact is the brokerage charged by the same broker varies and in several cases is negotiable. For example if you go and tell a brokerage house that you are going to deposit 2 lakh rupees and try to convince them you are going to trade heavily, they might consider reducing your brokerage. That is why in the above table you will find only a range for the brokerage charges in some cases. But that should be enough to get an idea.

• Effective brokerage with taxes is more: In addition to the above brokerage charges you will have to pay STT (Securities Transaction Tax) at the rate or 0.02% of the total transaction amount. You will also be charged 12.5% Service Tax on the brokerage amount (and not on the transaction amount). For example, if your brokerage is 0.50% for delivery and you do a delivery transaction of Rs.100/- then the total brokerage you pay is 0.50 (brokerage) + 0.02 (stt) + 0.063 (service tax) = 0.58. Thus your effective brokerage (including all taxes) will be 0.58%. Similarly for brokerage on intraday transactions.

Documents needed to open a brokerage account

To open a brokerage (demat) account you will need to furnish copies of the following documents.

1. PAN card - this is a mandatory requirement. (Here is NSDL's official site to apply for a PAN card.)
2. address proof - you may submit a copy of one of the following to fulfill this requirement
passport
voter id card
ration card
driving license
telephone or electricity bill

How to Pick the Best Stock Broker - Based on your needs
Watch the below video, on how to pick and choose the broker based on your needs