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Why Zerodha charges for fund transfers?

Zerodha Account Opening

Invest without brokerage fees in Equity Delivery and Direct Mutual Funds. Pay a flat Rs 20 per trade for Intra-day and F&O. Open an instant account with Zerodha and start trading today.

Zerodha uses 3rd party services for online instant fund transfer. It charges Rs 9 for any transaction through this payment gateway and pays most of it to the service provider.

The fund transfer is free when you use IMPS, NEFT/RTGS and Cheque transactions but the funds, in this case, are not available instantly for trading.

 

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