Your PIS account balance differs from what you see on Kite because Zerodha reduces certain amounts as part of risk management measures. This ensures sufficient funds remain in your PIS account to avoid delays in bank settlements.
What Zerodha deducts from your PIS balance
Zerodha updates your funds on Kite after reducing:
- 0.5% of your PIS closing balance
- Bank reporting charges of ₹118 (₹100 + 18% GST)
- Value of shares you bought
How the calculation works
Scenario 1: No trades placed
- PIS closing balance: ₹10,00,000
- Deductions: ₹5,000 (0.5%) + ₹118 (bank charges) = ₹5,118
- Your Kite balance: ₹9,94,882
Scenario 2: Trades placed
- PIS closing balance: ₹15,00,000
- Trade value: ₹9,94,000
- Deductions: ₹7,500 (0.5%) + ₹118 (bank charges) + ₹9,94,000 (trades) = ₹10,01,618
- Your Kite balance: ₹4,98,382