Why was the brokerage charged on delivery trades?
There is no brokerage for delivery-based trades, also known as Cash and Carry (CNC). However, intraday or Margin Intraday Square off (MIS) charges of 0.03% or ₹20, whichever is lower per executed order, may apply if:
The same share is bought and sold in one trading session using CNC. For example,
10 shares of ITC were bought at 10 AM and sold at 2 PM. In this case, intraday charges would be applicable as the shares were bought and sold on the same day.
- Shares held in the demat account are sold and bought back on the same day using CNC. For example, there are 100 Infosys shares held in the demat account. At 11 AM, 50 shares were sold, and later at 1 PM, 25 shares were bought back. Intraday charges will be applicable for both orders, regardless of the quantity bought back.
To learn about other charges, visit zerodha.com/charges#tab-equities. To learn more about the different product types, see What does CNC, MIS and NRML mean?
Did you know? For delivery-based trades, a minimum of ₹0.01 will be charged per contract note. As per taxation rules, a service can not be provided for an absolute 0 fee, due to which a token amount of 1 paisa is charged.