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Brokerage charges comparison

Brokerage, demat AMC, account opening and DP charges for all 40 live brokers, side by side. Filter to free-delivery or discount brokers, or search by name. Statutory charges (STT, GST, stamp duty, exchange, SEBI) apply on top and are identical everywhere.

Updated October 2026

Price one trade

Compare one NSE buy-and-sell round trip across all 40 brokers, ranked by estimated total charges. Each broker starts on its default plan.

Quantity is the same on the buy and sell sides. Prices are per share.

40 brokers ranked for 100 units. Lowest estimated total: Shoonya, ₹122.90.

Equity delivery: 100 units, buy ₹500.00, sell ₹510.00 per unit. One order each side; charges in INR. Equal rounded totals are ordered by broker name.
RankBroker / planBrokerageSTTExchangeGSTSEBIStampDPTotal
1ShoonyaFlat ₹5Charges verified 2026-09-27Pricing source₹0.00₹101.00₹3.10₹2.20₹0.10₹7.50₹9.00₹122.90
2DhanStandardCharges verified 2026-06-13Pricing source₹0.00₹101.00₹3.10₹2.83₹0.10₹7.50₹12.50₹127.03
3ZerodhaFlat ₹20Charges verified 2026-06-13Pricing source₹0.00₹101.00₹3.10₹2.92₹0.10₹7.50₹13.00₹127.62
4FirstockStandardCharges verified 2026-06-13Pricing source₹0.00₹101.00₹3.10₹3.01₹0.10₹7.50₹13.50₹128.21
5ArrowFlat ₹20Charges verified 2026-07-10Pricing source₹0.00₹101.00₹3.10₹3.91₹0.10₹7.50₹18.50Estimated DP₹134.11
6Yes SecuritiesCharges verified 2026-05-11Pricing source₹0.00₹101.00₹3.10₹3.91₹0.10₹7.50₹18.50Estimated DP₹134.11
7Arihant CapitalCharges verified 2026-06-13Pricing source₹0.00₹101.00₹3.10₹4.18₹0.10₹7.50₹20.00₹135.88
8FlattradeZero BrokerageCharges verified 2026-09-27Pricing source₹0.00₹101.00₹3.10₹4.18₹0.10₹7.50₹20.00₹135.88
9ProStocksCharges verified 2026-06-13Pricing source₹0.00₹101.00₹3.10₹4.18₹0.10₹7.50₹20.00₹135.88
10BlinkXCharges verified 2026-05-11Pricing source₹0.00₹101.00₹3.10₹5.08₹0.10₹7.50₹25.00₹141.78
11StockoCharges verified 2026-06-13Pricing source₹18.00₹101.00₹3.10₹6.52₹0.10₹7.50₹15.00₹151.22
12SahiFlat ₹10Charges verified 2026-06-13Pricing source₹20.00₹101.00₹3.10₹6.61₹0.10₹7.50₹13.50₹151.81
13m.StockFlat ₹10Charges verified 2026-06-13Pricing source₹20.00₹101.00₹3.10₹7.42₹0.10₹7.50₹18.00₹157.12
14Indiabulls Securities₹11 capCharges verified 2026-10-10Pricing source₹22.00₹101.00₹3.10₹8.14₹0.10₹7.50₹20.00₹161.84
15TradeSmartCharges verified 2026-05-11Pricing source₹30.00₹101.00₹3.10₹9.31₹0.10₹7.50₹18.50₹169.51
165paisaCharges verified 2026-05-11Pricing source₹40.00₹101.00₹3.10₹10.03₹0.10₹7.50₹12.50₹174.23
17FyersStandardCharges verified 2026-06-13Pricing source₹40.00₹101.00₹3.10₹10.03₹0.10₹7.50₹12.50₹174.23
18Paytm MoneyStandardCharges verified 2026-06-13Pricing source₹40.00₹101.00₹3.10₹10.21₹0.10₹7.50₹13.50₹175.41
19Alice BluePay As You TradeCharges verified 2026-06-13Pricing source₹40.00₹101.00₹3.10₹10.48₹0.10₹7.50₹15.00₹177.18
20TradingoCharges verified 2026-06-13Pricing source₹40.00₹101.00₹3.10₹10.48₹0.10₹7.50₹15.00₹177.18
21Jainam BrokingCharges verified 2026-06-13Pricing source₹40.00₹101.00₹3.10₹11.02₹0.10₹7.50₹18.00₹180.72
22INDmoneyStandardCharges verified 2026-06-13Pricing source₹40.00₹101.00₹3.10₹11.11₹0.10₹7.50₹18.50₹181.31
23Share.MarketStandardCharges verified 2026-06-13Pricing source₹40.00₹101.00₹3.10₹11.11₹0.10₹7.50₹18.50₹181.31
24Angel OneFlat ₹20Charges verified 2026-06-13Pricing source₹40.00₹101.00₹3.10₹11.38₹0.10₹7.50₹20.00₹183.08
25GrowwFlat ₹20Charges verified 2026-06-13Pricing source₹40.00₹101.00₹3.10₹11.38₹0.10₹7.50₹20.00₹183.08
26Nuvama WealthCharges verified 2026-06-13Pricing source₹40.00₹101.00₹3.10₹11.38₹0.10₹7.50₹20.00₹183.08
27SAMCOFlat ₹20Charges verified 2026-06-13Pricing source₹40.00₹101.00₹3.10₹11.38₹0.10₹7.50₹20.00₹183.08
28UpstoxFlat ₹20Charges verified 2026-06-13Pricing source₹40.00₹101.00₹3.10₹11.38₹0.10₹7.50₹20.00₹183.08
29Bajaj BrokingCharges verified 2026-06-13Pricing sourcePlan fee ₹431.00 / yearly; excluded from trade total.₹40.00₹101.00₹3.10₹14.08₹0.10₹7.50₹35.00₹200.78
30Aditya Birla MoneyCharges verified 2026-06-13Pricing source₹101.00₹101.00₹3.10₹22.09₹0.10₹7.50₹18.50Estimated DP₹253.29
31Monarch Networth CapitalCharges verified 2026-05-11Pricing source not recorded₹151.50₹101.00₹3.10₹32.35₹0.10₹7.50₹25.00₹320.55
32Anand RathiCharges verified 2026-05-11Pricing source₹202.00₹101.00₹3.10₹40.27₹0.10₹7.50₹18.50Estimated DP₹372.47
33Kotak SecuritiesCharges verified 2026-06-13Pricing source₹202.00₹101.00₹3.10₹40.27₹0.10₹7.50₹18.50Estimated DP₹372.47
34Motilal OswalStandardCharges verified 2026-06-13Pricing source₹202.00₹101.00₹3.10₹40.27₹0.10₹7.50₹18.50Estimated DP₹372.47
35ICICI DirectCharges verified 2026-06-13Pricing source₹292.90₹101.00₹3.10₹56.90₹0.10₹7.50₹20.00₹481.50
36Mirae Asset SharekhanStandardCharges verified 2026-06-13Pricing source₹303.00₹101.00₹3.10₹58.45₹0.10₹7.50₹18.50Estimated DP₹491.65
37GeojitCharges verified 2026-06-13Pricing source₹303.00₹101.00₹3.10₹58.72₹0.10₹7.50₹20.00Estimated DP₹493.42
38HDFC SecuritiesCharges verified 2026-06-13Pricing source₹505.00₹101.00₹3.10₹94.81₹0.10₹7.50₹18.50Estimated DP₹730.01
39SBI SecuritiesCharges verified 2026-06-13Pricing source₹505.00₹101.00₹3.10₹95.26₹0.10₹7.50₹21.00₹732.96
40AxisDirectCharges verified 2026-06-13Pricing source₹505.00₹101.00₹3.10₹95.98₹0.10₹7.50₹25.00Estimated DP₹737.68

Totals use the recorded tariffs and the same math as each broker’s calculator. They include GST and one standard delivery demat debit where applicable. Actual DP debit grouping, contract-note rounding and charges can differ. AMC, account opening, plan subscriptions, financing and other fees are excluded; see the fee table below and each broker’s tariff. A lower trade cost is not a recommendation or a measure of service quality.

Broker fee schedules

40 of 40
Charges verified 2026-05-11–2026-10-10 from each broker’s recorded pricing page. Individual dates and missing-source status appear below each broker.
BrokerAccount openingDemat AMCDeliveryIntradayFuturesOptionsDP charges
GrowwRs 0 (free demat and trading account opening)Rs 0 (no annual maintenance charges)₹20 / 0.1% (min ₹5)₹20 / 0.1% (min ₹5)Flat ₹20Flat ₹20₹20
Groww: Pricing source · Charges verified 2026-06-13
ZerodhaFree for resident individual and minor accounts (online); NRI, Partnership/LLP/Corporate accounts ₹500; HUF free online / ₹500 offlineFirst year free for new resident individuals; non-BSDA ₹300/year + GST from year 2; BSDA tiered (free up to ₹4 lakh)Free₹20 / 0.03%₹20 / 0.03%Flat ₹20₹13
Zerodha: Pricing source · Charges verified 2026-06-13
Angel OneZero (free) for resident trading and demat account openingFirst year free; Rs 60 + GST per quarter from year 2 for non-BSDA accounts₹20 / 0.1% (min ₹5)₹20 / 0.1% (min ₹5)Flat ₹20Flat ₹20₹20
Angel One: Pricing source · Charges verified 2026-06-13
ICICI DirectRs 0 (free)₹700/yr + GST, first year free; ₹300/yr on the iValue plan0.29%0.029%0.029%Flat ₹49/lot₹20
ICICI Direct: Pricing source · Charges verified 2026-06-13
UpstoxRs 0 (free)₹300/yr + GST for non-BSDA accounts; first year free for users onboarded from 14 Feb 2025Flat ₹20₹20 / 0.1%₹20 / 0.05%Flat ₹20₹20
Upstox: Pricing source · Charges verified 2026-06-13
Kotak Securities₹0 on the default Trade Free plan; ₹99 on Trade Free Youth (under 30)₹50/month when holdings exceed ₹1,000 on the default Trade Free plan (up to ₹600/yr); ₹0 on Trade Free Youth0.2%₹10 / 0.05%Flat ₹10Flat ₹10₹18.5
Kotak Securities: Pricing source · Charges verified 2026-06-13
HDFC Securities—₹750/yr + GST, first year free (HDFC Sky: ₹20/month from year 2)0.5% (min ₹25)0.05% (min ₹25)0.05% (min ₹25)Flat ₹100/lot₹18.5
HDFC Securities: Pricing source · Charges verified 2026-06-13
DhanRs 0 for Individuals and HUFsRs 0 (lifetime zero AMC) for Individuals and HUFsFree₹20 / 0.03%Flat ₹20Flat ₹20₹12.5
Dhan: Pricing source · Charges verified 2026-06-13
SBI SecuritiesRs 0 (free online account opening per official open-account page)₹500/yr + GST; first year free only with a subscription plan (Plan 499 / OIOP)0.5%Flat ₹200.05%Flat ₹50/lot₹21
SBI Securities: Pricing source · Charges verified 2026-06-13
Motilal OswalRs 0 (free) for trading and demat accountDepends on the DP scheme — Motilal’s account-opening form lists AMC from nil to ₹899/yr plus a ₹199 account-administration charge; confirm before opening0.2%0.02%0.02%Flat ₹20/lot₹18.5
Motilal Oswal: Pricing source · Charges verified 2026-06-13
Paytm MoneyRs 0 (free)Rs 0 (lifetime free demat AMC)Flat ₹20Flat ₹20Flat ₹20Flat ₹20₹13.5
Paytm Money: Pricing source · Charges verified 2026-06-13
INDmoney₹0 (zero account opening charges for Demat + Trading)₹0₹20 / 0.1% (min ₹2)₹20 / 0.1% (min ₹2)Flat ₹20Flat ₹20₹18.5
INDmoney: Pricing source · Charges verified 2026-06-13
Mirae Asset SharekhanZero (free account opening)Zero for the first year, then Rs 400 per year (non-BSDA). DP ID IN-DP-365-20180.3%0.02%0.02%Flat ₹39/lot₹18.5
Mirae Asset Sharekhan: Pricing source · Charges verified 2026-06-13
AxisDirect—Free for 1st year (Axis Bank account holders), thereafter Rs 750 per annum.0.5% (min ₹25)0.05% (min ₹25)0.05% (min ₹25)Flat ₹10₹25
AxisDirect: Pricing source · Charges verified 2026-06-13
5paisa₹0 (free trading and demat account opening)Free for the first year; approximately ₹300 per year thereafter per third-party dataFlat ₹20Flat ₹20Flat ₹20Flat ₹20₹12.5
5paisa: Pricing source · Charges verified 2026-05-11
SahiFree (zero account opening charge)Zero (no demat AMC)₹10 / 0.05% (min ₹10)₹10 / 0.05% (min ₹10)Flat ₹10Flat ₹10₹13.5
Sahi: Pricing source · Charges verified 2026-06-13
GeojitFree (Rs 0) for trading and demat accountRs 400 per year0.3% (min ₹20)0.03% (min ₹20)0.01% (min ₹20)Flat ₹50/lot₹20
Geojit: Pricing source · Charges verified 2026-06-13
Share.MarketNil (free account opening)Nil₹20 / 0.1% (min ₹2)₹20 / 0.1% (min ₹2)Flat ₹20Flat ₹20₹18.5
Share.Market: Pricing source · Charges verified 2026-06-13
FyersRs 0 (free)Rs 0 (zero annual maintenance charges)₹20 / 0.3%₹20 / 0.03%₹20 / 0.03%Flat ₹20₹12.5
Fyers: Pricing source · Charges verified 2026-06-13
m.StockRs 0 (no account opening charge)Rs 0 with the one-time Rs 999 lifetime-free-AMC plan; otherwise a standard demat AMC appliesFlat ₹10Flat ₹10Flat ₹10Flat ₹10₹18
m.Stock: Pricing source · Charges verified 2026-06-13
Jainam BrokingRs 0 (free) for online account opening; offline DIY plan may charge Rs 500 + GST (individuals/HUF) or Rs 1,000 + GST (NRI/corporate)Rs 0 (free) for regular accountsFlat ₹20Flat ₹20Flat ₹20Flat ₹20₹18
Jainam Broking: Pricing source · Charges verified 2026-06-13
Anand RathiRs 0 (free account opening)Free for the first year; Rs 450 + GST per year thereafter (third-party reported)0.2%0.02%0.02%Flat ₹50/lot₹18.5
Anand Rathi: Pricing source · Charges verified 2026-05-11
Nuvama WealthRs 0 (free) for trading and demat account opening (per third-party review)Demat AMC Rs 300/year (Lite) or Rs 500/year (Elite); first year free (per third-party review)Flat ₹20Flat ₹20Flat ₹20Flat ₹20₹20
Nuvama Wealth: Pricing source · Charges verified 2026-06-13
BlinkXFree (no trading or demat account opening charges)Rs 300 per year (free for the 1st year)FreeFlat ₹20Flat ₹20Flat ₹20/lot₹25
BlinkX: Pricing source · Charges verified 2026-05-11
Yes SecuritiesDemat account opening is free per the official site; third-party sources report a trading+demat opening charge (around Rs 999) which is not confirmed on the official siteRs 500 per year for regular demat (third-party); BSDA: nil below Rs 50,000, Rs 100/year for Rs 50,000-2 lakhFreeFlat ₹20Flat ₹20Flat ₹20₹18.5
Yes Securities: Pricing source · Charges verified 2026-05-11
Alice BlueFree (no trading or demat account opening fee)₹0 (no annual maintenance charge)₹20 / 2.5%₹20 / 0.05%₹20 / 0.05%₹20 / 0.05%₹15
Alice Blue: Pricing source · Charges verified 2026-06-13
Shoonya₹0₹0 for individuals (₹900 a year for corporate, trust and LLP accounts)Free₹5 / 0.03%₹5 / 0.03%Flat ₹5₹9
Shoonya: Pricing source · Charges verified 2026-09-27
Aditya Birla MoneyTrading account opening Rs 750; demat account opening Nil (per Chittorgarh)Rs 436 per year (per Chittorgarh)0.1%0.01%0.01%Flat ₹20/lot₹18.5
Aditya Birla Money: Pricing source · Charges verified 2026-06-13
Bajaj BrokingNil (free account opening)Free for year 1; Rs 431/year from year 2 (Freedom Pack)Flat ₹20Flat ₹20Flat ₹20Flat ₹20₹35
Bajaj Broking: Pricing source · Charges verified 2026-06-13
Indiabulls SecuritiesZero (free account opening)₹25 + GST per month (₹300 + GST per year)₹11 / 2.5%₹11 / 2.5%₹11 / 2.5%₹11 / 2.5%₹20
Indiabulls Securities: Pricing source · Charges verified 2026-10-10
Arihant CapitalZero (free account opening)Approx. Rs 362 per year (per third-party reviews)Free₹20 / 0.25%₹20 / 0.25%₹20 / 0.25%₹20
Arihant Capital: Pricing source · Charges verified 2026-06-13
SAMCONil (free online account opening)Nil for the first year, Rs. 400 per year thereafter₹20 / 2.5%₹20 / 0.25%Flat ₹20Flat ₹20₹20
SAMCO: Pricing source · Charges verified 2026-06-13
Monarch Networth Capital—Rs 350 per year (first 6 months free)0.15%0.01%0.02%Flat ₹15/lot₹25
Monarch Networth Capital: Pricing source not recorded · Charges verified 2026-05-11
TradingoZero (free account opening)Reported at Rs 250 per year (third-party data)₹20 / 2.5%₹20 / 0.05%₹20 / 0.05%Flat ₹20₹15
Tradingo: Pricing source · Charges verified 2026-06-13
StockoTrading account Rs. 200; demat account opening NILRs. 200 + 18% GST per annum from 2nd year (1st year free)₹9 / 0.1%₹9 / 0.01%Flat ₹9Flat ₹9₹15
Stocko: Pricing source · Charges verified 2026-06-13
Flattrade₹200 + GST one-time trading account opening charge (no separate demat opening fee)₹0 (DP AMC nil)FreeFreeFreeFree₹20
Flattrade: Pricing source · Charges verified 2026-09-27
ProStocksRs 0 (free for both trading and demat account)Rs 0 (zero AMC) with Rs 1,000 one-time refundable depositFreeFlat ₹15Flat ₹15Flat ₹15₹20
ProStocks: Pricing source · Charges verified 2026-06-13
TradeSmartFree for equity/F&O/currency trading + CDSL demat; MCX commodity segment activation costs an extra approx. ₹200Nil first year, then ₹300 per yearFlat ₹15Flat ₹15Flat ₹15Flat ₹15₹18.5
TradeSmart: Pricing source · Charges verified 2026-05-11
FirstockRs 0 (free, online and offline)Rs 0 (no AMC)Free₹20 / 0.03%₹20 / 0.03%Flat ₹20₹13.5
Firstock: Pricing source · Charges verified 2026-06-13
ArrowFree (₹0) for online and offline accounts₹0 for resident individuals; ₹500/year for non-individual accountsFree₹20 / 0.03%₹20 / 0.03%Flat ₹20₹18.5
Arrow: Pricing source · Charges verified 2026-07-10

Brokerage is shown per executed order on each broker’s default plan; pricing dates do not date the separately sourced opening fees or AMC. “Free” means zero brokerage on that segment. Many brokers run multiple plans — see each broker’s charges page for the full schedule. Statutory and exchange charges (STT/CTT, stamp duty, SEBI turnover fee, exchange transaction charges, 18% GST) are set by the government and exchanges and apply identically at every broker.

Want the exact all-in cost on a specific trade? Open the brokerage calculator.

Frequently asked

What people ask about comparing brokerage charges.

It prices one NSE buy order and one sell order at the same quantity using the same calculation as each broker’s calculator. The total includes brokerage, STT, exchange, GST, SEBI, stamp duty and standard delivery DP charges. AMC, account opening, plan subscriptions, financing and other fees are excluded. Estimated DP rates are labelled; actual contract-note charges and debit grouping can differ.

Enter whole lots and the actual lot size for your contract. Quantity is lots multiplied by lot size; the initial 25-unit lot size is only an example. Prices are per unit and options use premium. Blank or invalid inputs suppress rankings until corrected; zero prices are allowed.

Compare four things per broker: equity delivery brokerage (often free at discount brokers), intraday and F&O brokerage (usually a flat ₹20 or less), the demat AMC, and DP charges on sell trades. This table lists all of them side by side for every live broker. Brokerage is only part of the cost — statutory charges (STT, stamp duty, exchange, SEBI, GST) apply on top and are identical across brokers.

Use the Price one trade panel to compare estimated total charges for your quantity, prices and segment. It ranks the recorded default plans initially; changing a plan can change the order. Lower estimated trade charges do not measure service quality, and recurring fees are separate.

No. Brokerage is just the broker's fee. Total trading cost also includes STT/CTT, exchange transaction charges, the SEBI turnover fee, stamp duty, 18% GST on brokerage + SEBI + exchange + DP, and DP charges on the sell side of delivery. On small trades the statutory charges often exceed the brokerage itself.

No — this table shows each broker's own brokerage plus demat AMC, opening and DP charges. Statutory and exchange charges (STT, stamp duty, SEBI, exchange transaction charges, GST) are set by the government and exchanges and apply identically at every broker. The brokerage calculator on each broker page adds them in for a specific trade.