A charge of ₹50 + 18% GST is levied when clients call Zerodha to place, modify, or cancel an order or when positions are squared off by Zerodha due to margin shortfall. This charge is known as call and trade charge.
Call and trade charges
You will be charged ₹50 + 18% GST when you call Zerodha to:
- Place an order
- Modify an existing order
- Cancel an order
- Square off positions due to margin shortfall
Auto square-off charges
You will be charged ₹50 + 18% GST when Zerodha squares off your intraday positions (MIS and CO) that you haven't closed before the square-off time. If you have an active limit order linked to your open position, Zerodha will cancel that open limit order and simultaneously square off your position. In this scenario, you’ll only be charged once for closing the position.
The square off time is as follows:
| Segment | Square off time |
| Equity | 3:20 PM |
| Equity F&O | 3:25 PM |
| CDS | 4:45 PM |
| MCX | 10 minutes before the market close. |
The square off time is subject to change and is updated on zerodha.com/marketintel/bulletin.
As per Zerodha’s policy, a maximum of 30,000 quantities per order are auto-squared off to avoid price volatility in the instrument. If your position has higher quantities, Zerodha will square it off through multiple orders, and you will incur multiple auto square off charges.
Example scenario
Assume 1,00,000 quantities need to be squared off. They will be squared off in the following manner:
| Order | Quantity |
| 1st Order | 30,000 |
| 2nd Order | 30,000 |
| 3rd Order | 30,000 |
| 4th Order | 10,000 |
Call and trade (auto square off) charge will be ₹200 (₹50 * 4) + 18% GST.
For F&O, the maximum quantity allowed to be auto-squared off in one order is the quantity freeze limit. The quantity freeze file can be downloaded from the NSE website
(WEB).