Zerodha Customer Reviews, Complaints and Feedback (Page 28)

Its a revolutionary step in stock broking industry, its very user friendly. I wouuld rate it Excellent in all areas.

I have a HDFC bank account, trading account and demat account. When i trade in hdfc sec i just buy a stock and money is transferred from my banking account. I am not aware how it works is it transerred in demat or something.

Can i link my existing hdfc demat account with Zerodha will money transfer automatically when i trade, and there some tranfer charges.

Hi
all Zerodha account holders,
How safe is it to open an account at zerodha? , Do we have any office for them in kerala especially Kozhikode or nearby place

is it possible to transfer money from trading account to saving account online? I m a newbie and totally confused to choose a firm..
robust and easy usability of portal, day trading and not much active. Please suggest me a good broker with reasonable brokerage.

Dear Sanjeev

In view of your comment ..
The brokerage & fees charged by Zerodha in case of your delivery based purchase of Rs 25000 should be around Rs 57. (I am not sure where you got Rs 187.50)...

I would like to add,that 187.50 come from (0.75% brokerage) on selling of 25000 rupee share from ICICI damate...(if I sell/ need your confirmation)

It will be bette if you confirm my doubts like..

1.At present 100 BHEL shares are in ICICI demat...if I am selling then what will be brokerage (0.75% from ICICI or 20 rupee from Zerodha ) ? since I purchased from Zerodha.

2.Does ICICI demat will charge extra money as settelment of shares in its demat account? If so then how much percentage ?

3.I know that ICICI putting AMC charges which I am paying annually.

Regards,

Hi Avatar,
I don't see any fault from Zerodha side. Reason behind this is; your Zerodha Broker Account is linked with ICICI Demat account. If you do delivery based trading, the shares will be credited back to your Demat account, which is what happed in your case and this is how it should be.

The brokerage & fees charged by Zerodha in case of your delivery based purchase of Rs 25000 should be around Rs 57. (I am not sure where you got Rs 187.50)

The itemized charges should be as below:

Brokerage (0.10% or Rs. 20/Trade whichever is lower) =      20
Securities Transaction Tax (0.125% on both Buy and Sell) = 31.25
Transaction/Turnover Charges (0.0049%) = 1.225
Service Tax (12% on Brokerage+Transaction Charge) = 2.547
Education Cess      (2% of Service Tax = 0.05094
Higher Education Cess (1% of Service Tax = 0.02547
SEBI Charges (0.0001% (or 10 Rs/Crore) = 0.025
Stamp Duty (.01% or Rs. 50 per contract note whichever is lower.) = 2.5

Total = 57.62341

What I would suggest you is do the similar transition with ICICI and see the difference. There brokerage (which is Rs 20 as above with Zerodha) will be Rs 150. Remaining taxes are same for all brokers including Zerodha and ICICI.

Hope this will help.
Sanjeev

I open account with zerodha and also having with ICICI DEMAT. As per my best knowledge while filling the account opening form there are more than 20 signature you have to do. I signed it just to have account with less brokerage for FNO,EQUITY...than others. Last week I buy 100 Equity share of BHEL and sell 50 share next day. Since
profit was less so I decided to wait for 2 more days then to sell...After two days
It was no record in my trade book of Zerodha. I make call to Zerodha customer care..they check back office and told your BHEL shares are setteled with ICICI demat account. I checked it..and found my BHEL share. BUT....problem here start when you are dealing with MONEY...This experience left some Question behind me...

1. I feel zerodha is taking care of my equity shares...but they settled it with ICICI direct..why they not clearly told while opening account. Customer care told Now if you have to sell
then you have to sell it from ICICI demat account. So will they charge their brokerage i.e. 0.75%..
if so then I have to pay approximately 187.50 instead of 20 rupee (brokerage only) for 25000 rupee
share which I have

2. Upon aksing for demat Zerodha is telling you have to fill another form for damat...what I feel during opening account that zerodha will take care of EQUITY & FNO...so why they not clear it?
..and as one of oue colleuge told Mr. M. Pawan Kumar Feb 18, 2012 , mention that
DP Charges of IL&FS are high and services are poor

3. Why Zerodha is not having own DP account ? Why with IL&FS ?

For rest of the thing it is good.

Dear Amar,

This will be considered as 1 single trade. It upon you order and not on how it gets executed in exchange. This is similar to any other stock broker. The charge for a trade is MAX Rs 20.

In above example if you have placed an order to buy 1000 reliance share at Rs 700,

Your brokerage will be Rs 20 + taxes

It doesn't matter if the trader on BSE/NSE got executed in 10 or 20 parts as there were only small quantities were available for sale.

Hope this will help.

Sanjeev

IF MY BUYING ORDER OF 1000 QTY IS IN QUE AND SUPPOSE ORDER IS EXECUTED IN 3 Steps LIKE 300+300+400=1000 SO IS IT 3 TREADS? THAT MEANS 3*20=60 RS BUYING AND SUPPOSE SELLING ORDER IS ALSO EXECUTED IN SAME WAY LIKE 200+200+600=1000 I.E 3*20=60 SO FINALLY 60+60=120+TAXES. IS IT CORRECT?

Hi Jacob, Please find the link for the brokerage calculator for all the segment's...
http://zerodha.com/main/calculator/calcs.html

Can u provide the last ie. May 2012 revised brokerage calculator link for Futures and Options, both intraday and carry forward and also for equity, thanks Jacob Pereira

NSE Charges, Transaction Charges and Statutory Levies will be charged as applicable - Can any one give the detailed figures of these charges

Hi,

What are the banks supported by the payment gateways? Is CITI bank supported by the payment gateway?

Why is Rs.9 charged for using payment gateway to transfer funds into trading account? Sounds strange while others do it for free.

How to add funds into and out of the trading account?
How to withdraw funds from the trading account? Will it be credited to my account directly or Cheque or DD will be sent to the mailing address?
If Credited to bank directly,How many days should i wait for the funds to be added to my bank account?
Rs. 20 brokerage per trade - Need clarity. Which best defines the brokerage rate?
1. Rs.20 per order/transaction i.e., Rs.20 for intraday Buy and Rs.20 for intraday Sell
2. Rs.20 per intraday trade(Rs.20 for Buy+Sell)?
3. Rs.20 per scrip i.e., if i made 5 orders in same scrip, only Rs.20 will be charged or Rs.100 will be charged?

Stamp duty is maximum Rs.50 per contract note. Is there any maximum limit for Brokerage per Contract note?

There is 'No Minimum Brokerage' with Zerodha. This is helpful with small trades where 0.01% brokerage [one side] is applied - Is this mean if i buy shares of 1000 shares @ 1Re each - i still get brokerage of 10 paise only right?

What is the leverage/margin exposure given for Intraday trades? Currently my broker offers 10 times the cash in trading account.
Is stock margin available?

Can i sell the shares i bought in cash segment before it added to DP?

Any transaction amount limit for Intraday trade / Cash trade? Currently my broker restricted me for the minimum of Rs.500 for intraday trade. No minimum restriction for Cash trade.


Suitable answers appreciated.

Thanks,

Hi I am going to start the trading with zerodha from today. i will comment about the service after some couple of days.

As far as their Trading account with Zerodha is concerned , no doubt, It is good. But, I feel services and charges of their DP IL& FS is not good. :-(. I request Zerodha to start DP Services also.They change History of Indian Stock Markets.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Above Average
Customer Service - Above Average
Overall Experience - Above Average

Above Average. Zerodha does not offer DP Services and Dem-at has to be opened with IL&FS. DP Charges of IL&FS are high and services are poor. SO,Finally the deal turns out to be expensive :-)

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Above Average
Customer Service - Average
Overall Experience - Above Average

I am trading with icici direct.com.Seeing ZERODHA cheap brokerage i want to open an account with zerodha.

Hi,
Impressed with the Q & A's of the session. Pls clarify the difference between the Trading a/c and Demat a/c. If i want to invest in SIP's what is the process to avail this.

i jost oprnd a account & i am loving it.
i use to pay 500 to 1000rs brokerage to sharekhan but now ia mhappy trading in nifty options without worry about brokerage

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent

I have asked for few clarification before opening my account with them and I am happy that my mails are responded promptly.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Above Average
Website Usability - Above Average
Customer Service - Above Average
Overall Experience - Above Average