No, Zerodha does not charge any clearing charges because we are a self-clearing member.
What are clearing charges?
You pay clearing charges to settle your trades through a clearing agency. The clearing process handles the back-end settlement that determines your broker's fund and securities obligations with exchanges through the clearing mechanism. This process ensures smooth settlement of trades between broking houses and exchanges.
How clearing charges work
Your broker can either self-clear trades or assign the clearing task to a Professional Clearing Member (PCM). Since Zerodha operates as a self-clearing member, you do not pay any clearing charges when you trade with us.
Brokers who use third-party clearing members typically charge between ₹200 to ₹2,000 per crore or between 0.002% to 0.02% of the option premium.
To illustrate the cost difference, consider this scenario: You buy and sell Nifty options at ₹100 premium 10 times during an intraday session. Your total premium turnover equals ₹15 lakhs. With other brokers, you could pay clearing charges ranging from ₹30 to ₹300 for this activity.
Did you know?
Clients may not find clearing charges under a separate heading in the contract note of some brokers. Please check if clearing charges have been combined with exchange transaction charges or charged for different segments, including physical delivery.