Zerodha is ₹51.86 cheaper on a ₹50K delivery trade
| Trade type | Zerodha | Angel One | Gap |
|---|---|---|---|
| Delivery ₹50K round-trip | ₹126.85 | ₹178.71 | ₹51.86 |
| Intraday ₹1L round-trip | ₹83.23 | ₹83.23 | — |
| Futures ₹1L round-trip | ₹70.69 | ₹70.69 | — |
| Options ₹1L round-trip | ₹276.30 | ₹276.30 | — |
Zerodha saves ₹1,383.22/yr
Zerodha saves ₹4,949.38/yr
Zerodha saves ₹194.50/yr
| Charge | Zerodha | Angel One |
|---|---|---|
| Delivery Brokerage | ₹0 | 0.1% or ₹20, lower (min ₹2) |
| Intraday Brokerage | 0.03% or ₹20, lower | 0.03% or ₹20, lower |
| F&O Futures Brokerage | 0.03% or ₹20, lower | Flat ₹20/order |
| F&O Options Brokerage | Flat ₹20/order | Flat ₹20/order |
| CDS Futures | 0.03% or ₹20, lower | Flat ₹20/order |
| CDS Options | Flat ₹20/order | Flat ₹20/order |
| Commodity Futures | 0.03% or ₹20, lower | Flat ₹20/order |
| Commodity Options | Flat ₹20/order | Flat ₹20/order |
| Charge | Zerodha | Angel One |
|---|---|---|
| DP Charge | ₹13 + 18% GST = ₹15.34 | ₹20/scrip/day on sell |
| AMC | ₹75 + 18% GST = ₹88.50/year | ₹240 + 18% GST = ₹283.20/year |
| MF DP Charges | Free for MF redemptions | ₹20 plus GST |
| Dematerialisation | ₹150 + GST/certificate + CDSL charges | ₹200 + GST/certificate |
| Rematerialisation | ₹150 + GST/certificate + CDSL charges | ₹200 + GST/certificate |
| Failed Demat Transaction | ₹50 + GST per failed instruction | ₹50 + GST per failed instruction |
| Charge | Zerodha | Angel One |
|---|---|---|
| MTF Interest Rate | 14.60% p.a. (~0.040%/day) | 14.99% p.a. (~0.041%/day) |
| MTF Brokerage | 0.3% or ₹20, lower | 0.1% or ₹20, lower (min ₹2) |
| MTF Conversion | Free (auto-conversion at 3:20 PM) | Free |
| MTF Pledging | Pledge: ₹15 + GST per ISIN per request; Unpledge: ₹15 + GST per request | ₹20 + GST = ₹23.60/ISIN |
| Charge | Zerodha | Angel One |
|---|---|---|
| Physical Settlement | 0.25% on physical delivery value | ₹20/order |
| Physical Settlement (Netted) | 0.25% on netted settlement value | ₹20/order |
| Clearing Charges | NSE: ₹0/trade (included) | Included in brokerage |
| Interest on Margin Shortfall | 0.035% per day (12.775% yearly) on shortfall (50:50 collateral) | 0.05%/day on margin shortfall |
| Pledge / Unpledge | Pledge: ₹30 + GST/ISIN (₹35.40); Unpledge: free | ₹20 + GST/ISIN = ₹23.60 (pledge & unpledge) |
| Delayed Payment Interest | 0.05%/day on negative balance; 0.035%/day on non-cash overuse | 14.99% p.a. (~0.041%/day) |
| Off-Market Transfer | ₹25 + 18% GST = ₹29.50/security/transaction | ₹20 + GST = ₹23.60/scrip |
| Charge | Zerodha | Angel One |
|---|---|---|
| Call & Trade | ₹50 + 18% GST = ₹59/order | ₹20/order |
| Auto Square-off | ₹50 + 18% GST = ₹59/order | ₹20/order |
| Payment Gateway | ₹9 + 18% GST = ₹10.62 | Free |
| Instant Withdrawal | Free via UPI | Free via UPI |
| Corporate Action | Free | Free |
| API Access | Kite Connect: ₹2,000/month | Free (SmartAPI) |
| API Brokerage | Same as manual trades | Same as regular trades |
| Charge | Zerodha | Angel One |
|---|---|---|
| Account Opening | Free | Free |
| DDPI | ₹100 + 18% GST = ₹118 | ₹100 + 18% GST = ₹118 |
| Account Reactivation | ₹50 + GST = ₹59 | ₹100 + GST = ₹118 |
| NPS | Not offered | Not offered |
| Charge | Zerodha | Angel One |
|---|---|---|
| DIS Slip | ₹100 + GST/booklet (not needed with DDPI) | ₹100 + GST/booklet |
| Physical CMR | ₹50 + GST | ₹50 + GST |
| P&L / Ledger (Digital) | Free (downloadable from Console) | Free (downloadable) |
| P&L / Ledger (Physical) | Not available | Not available |
| Contract Note (Physical) | ₹20 + GST per contract note | Not available |
| Charge | Zerodha | Angel One |
|---|---|---|
| G-Sec / T-Bills | Available on Coin — no additional charge | Not offered |
| SLB | Not offered directly | Not offered |
| LAS | Not offered | Not offered |
| Charge | Zerodha | Angel One |
|---|---|---|
| Name Change | ₹25 + GST (₹29.50) Up to 72 working hours | Free |
| Mobile & Email Change | Free Up to 24 working hours | Free Up to 72 working hours |
| Address Change | ₹25 + GST (₹29.50) Up to 72 working hours | Free |
| Nominee Change | Adding: Free; Modification: ₹25 + GST (₹29.50) Up to 5 working days | ₹25 + 18% GST (₹29.50) 4–6 working days |
| DOB Change | ₹25 + GST (₹29.50) Up to 72 working hours | Free |
| Bank Account Change | ₹25 + GST (₹29.50) Up to 72 working hours | Free 2–3 working days |
| KYC Modification | Re-KYC: Free; Modification: ₹25 + GST (₹29.50) Up to 5 working days | Free |
| Cheque Bounce | ₹350 + 18% GST = ₹413 | ₹350 |
Zerodha launched in 2010 and upended Indian brokerage by charging zero on delivery trades and capping F&O fees at ₹20. Today it is India's largest broker by active clients — entirely bootstrapped, no external funding. The Kite trading platform and Coin mutual fund platform are widely considered best-in-class.
Full profile →Angel One (formerly Angel Broking) was founded in 1996 as a full-service broker and transitioned to discount brokerage in 2019. It has the widest physical network among discount brokers — useful if you need in-person support. Research and advisory services are available. Brokerage is competitive but not the lowest: minimum ₹2 on delivery.
Full profile →Set your trade frequency, value, and segment to see who stays cheapest for your style.