Imagine paying ZERO brokerage on every stock you buy and hold. That is the reality with modern discount brokers. Here are India's best zero-brokerage Demat accounts in 2026.
What "Zero Brokerage" Really Means
Zero broker commission on equity delivery trades. You still pay:
- STT (Government) - 0.1%
- Exchange charges - 0.00325%
- SEBI fee - 0.0001%
- Stamp duty - 0.015%
- GST on small charges
But broker's share = Rs.0.
Brokers with Zero Delivery Brokerage
Zerodha
- Equity delivery: Rs.0 forever
- Intraday/F&O: Rs.20 flat
- AMC: Rs.300/year
- Best for: Long-term investors, SIP via Coin
Upstox (Basic Plan)
- Equity delivery: Rs.0
- Intraday/F&O: Rs.20 flat
- AMC: Rs.0 on Basic (₹150 Pro)
- Best for: Occasional traders
Paytm Money
- Equity delivery: Rs.0
- Intraday/F&O: Rs.15 flat
- AMC: Rs.0
- Best for: Simple use cases
Real Savings Example
Buy Rs.5 lakh worth stocks for long-term (delivery):
- Traditional broker (0.3% brokerage): Rs.1,500 per trade
- Zero brokerage broker: Rs.0
10 such trades/year = Rs.15,000 saved.
Why Zero Brokerage Works
Discount brokers earn from:
- Intraday/F&O flat fees (frequent traders)
- AMC fees
- DP charges on sell
- Margin/MTF interest
- Software subscriptions (algo, research)
They subsidize delivery to attract you, and profit from other services.
Hidden Fees to Check
- DP charges on sell (Rs.13-25 per scrip)
- Call & Trade (Rs.50)
- Auto square-off (Rs.50)
- Physical statement (Rs.50-100)
- Account closure (some brokers charge)
Why Pick Zerodha?
- India's largest broker - most reliable
- Kite app = best UI, most stable
- Free Coin for direct mutual funds
- Varsity - free investing education
- Console for taxes and portfolio tracking
Open your zero-brokerage delivery account now via button below.
