Zerodha MTF charges & interest
What the broker charges to finance a delivery position, and which other costs sit outside interest. Standard tariffs from dated official disclosures; introductory offers are excluded.
MTF interest applies to the amount financed by Zerodha, excluding your own contribution. The chargeable-day convention matters: the same buy and sell dates can produce different interest periods at different brokers. This page estimates interest on a fixed funded balance.
MTF facts checked throughStandard MTF charges
Official source · Verified| Cost / convention | Published terms and source |
|---|---|
| Published interest | 0.04% per day on the funded balanceOfficial source · Verified |
| Interest days / posting | Interest starts on T+1 and continues until the stocks are sold, according to the MTF FAQ.Official source · Verified |
| Brokerage | Lower of 0.3% or ₹20 per executed MTF order, including intraday and delivery.Official source · Verified |
| Pledge | ₹15 + 18% GST per stock per purchase day, regardless of same-day purchases.Official source · Verified |
| Unpledge | ₹15 + 18% GST per stock for each distinct day on which the sold stock was originally purchased.Official source · Verified |
Interest illustration: ₹1 lakh funded for 30 chargeable days
₹1,200.00
₹1,00,000 × 30 × 0.04% /100. Estimated simple interest only, rounded at the final display. This assumes the funded balance stays constant; 30 means chargeable days under the broker’s convention, not a calculated buy-to-sell holding period.
Costs and risks beyond interest
The illustration excludes brokerage, taxes, DP/pledge charges, recurring fees and penalties. The table’s pledge units matter: a per-ISIN request and a purchase-day batch are different charging rules. Ordinary delivery and collateral-pledge tariffs should not silently replace MTF terms.
Borrowing increases exposure to a stock’s price changes. Interest remains payable when the investment falls, and the broker may sell positions if required margins are not maintained. No return forecast, collateral haircut, margin requirement or liquidation threshold is calculated here. Do not treat a quoted funding multiple or holding period as guaranteed.
Stock eligibility and funding limits can change. No eligible-stock list is replicated here; check the broker’s current MTF disclosure and trading app before placing an order.
Activation requirements and account-specific eligibility are not verified here unless shown above. Confirm them directly with Zerodha. Tariffs can change after the displayed verification date.
Zerodha MTF FAQ
The recorded standard MTF rate is 0.04% per day on the broker-funded balance. Conditional introductory offers are excluded from this standard-rate page.
Interest starts on T+1 and continues until the stocks are sold, according to the MTF FAQ.
Lower of 0.3% or ₹20 per executed MTF order, including intraday and delivery.
Pledge: ₹15 + 18% GST per stock per purchase day, regardless of same-day purchases. Unpledge: ₹15 + 18% GST per stock for each distinct day on which the sold stock was originally purchased. These are MTF cost descriptions; do not substitute an ordinary collateral-pledge schedule.
Use the actual amount financed by the broker, excluding your own contribution. For a fixed balance, multiply funding by whole chargeable days and the daily rate divided by 100. This tariff uses 0.04% per day. Retain precision until the final display. Changing balances, default interest and compounding need a different calculation.
No. Interest excludes brokerage, taxes, DP/pledge costs, recurring fees and penalties. MTF is borrowing to invest: interest is payable even when the investment falls, and the broker may sell positions if required margins are not maintained. This page does not assess suitability, predict returns or calculate collateral and liquidation thresholds.