FAQ: What Is Other Credit And Debit Charges In Zerodha?

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What is other credits & debits in Zerodha?

Hey Aaradhya, ‘ Other credits & debits ‘ which is seen on Console in the P&L report includes charges & credits which are not directly a result of your trading activities.

What is credit and debit charges in Zerodha?

₹13.5 + GST per scrip (irrespective of quantity), on the day, is debited from the trading account when stocks are sold. This is charged by the depository (CDSL) and depository participant ( Zerodha ). Interest is levied at 18% a year or 0.05% per day on the debit balance in your trading account.

What is other credit and debit?

Debits and credits are used to monitor incoming and outgoing money in your business account. In a simple system, a debit is money going out of the account, whereas a credit is money coming in. However, most businesses use a double-entry system for accounting.

What are the hidden charges in Zerodha?

Zerodha brokerage hidden charges include call & trade charges, position squared-off by broker and SMS trade alerts as explained below: Call and Trade feature is available at an extra cost of Rs 50 per call. Additional charge of Rs 50 per executed order for MIS/BO/CO positions which are not square off by the customer.

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Does Zerodha charge for Cancelled orders?

No, Zerodha doesn’t charge brokerage or any other fees for canceled orders. If for some reason, you cancel your orders, you won’t be charged any fees.

What is Unrealised profit in Zerodha?

Unrealised profit – This is the marked to market P&L for your open F&O positions. Delivery margin – This is the margin blocked when you sell securities (20% of the value of stocks sold) from your demat or T1 holdings.

Which demat account is best?

Best Demat Account in India

  • Upstox Demat Account.
  • Zerodha Demat Account.
  • 5Paisa Demat Account.
  • Sharekhan Demat Account.
  • Angel Broking Demat Account.
  • ICICI Direct Demat Account.
  • HDFC Securities Demat Account.
  • Kotak Securities Demat Account.

What are the annual charges for Zerodha?

What is Account Maintenance Charge(AMC) with regard to my DEMAT account at Zerodha?

Type of account Annual Charges Quarterly Charges
Corporates, i.e. LLPs and private & public companies Rs 1000 + 18% GST Rs 250 + 18% GST
For IL&FS DEMAT (accounts opened before 15th Sep 2015) Rs 400 + 18% GST Rs 100 + 18% GST

Is Zerodha free?

Open Instant Account online with Zerodha and start trading today. Zerodha offers truly brokerage free equity delivery trading and Mutual Fund investment.

What are the rules of debit and credit?

The following are the rules of debit and credit which guide the system of accounts, they are known as the Golden Rules of accountancy:

  • First: Debit what comes in, Credit what goes out.
  • Second: Debit all expenses and losses, Credit all incomes and gains.
  • Third: Debit the receiver, Credit the giver.
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What is DR and CR?

The terms debit ( DR ) and credit ( CR ) have Latin roots: debit comes from the word debitum, meaning “what is due,” and credit comes from creditum, meaning “something entrusted to another or a loan.” A decrease in liabilities is a debit, notated as ” DR.”

Is revenue a credit or debit?

Recording changes in Income Statement Accounts

Account Type Normal Balance
Equity CREDIT
Revenue CREDIT
Expense DEBIT
Exception:

Which is better Zerodha or 5 paisa?

5paisa online trading is available in equity, commodity, and currency at BSE, NSE, and MCX. It is a flat rate discount stockbroker. 5paisa Vs Zerodha Brokerage.

5paisa Zerodha
Account Type Optimum Flat Brokerage Plan
Commodity Options Rs 20 per executed order Rs 20 per executed order or.03% whichever is lower

What is better than Zerodha?

Zerodha is India’s No. 1 stockbroker. It is largest and most popular broker offering online flat fee discount brokerage services to invest in Equity, Currency, Commodity, IPO and Direct Mutual Funds. Zerodha Vs Upstox Transaction Charges.

Zerodha Upstox
Equity Futures NSE Rs 200 per Cr (0.002%) NSE Rs 200 per Cr (0.002%)

How can I send money to Zerodha without charges?

Transfer funds instantly from your registered bank account using UPI for free. Make sure to initiate all UPI transfers from our payment gateway for the funds to be updated to your Zerodha account instantly.

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