Your F&O brokerage at Zerodha remains ₹20 per order. Zerodha charges an additional ₹20 per executed F&O order only in these two scenarios:
- Your account has a negative balance: Your withdrawable balance on Console will also show as negative. Zerodha does not charge the additional ₹20 brokerage if your balance turns negative during the day due to mark-to-market (M2M) losses.
- Your collateral margin cash shortfall exceeds ₹5 lakhs: Regulations require at least 50% of your F&O margin to be in cash or cash equivalents, with the remaining 50% coming from pledged securities. From 1 April 2026, if you do not maintain this ratio and your cash shortfall exceeds ₹5 lakhs, Zerodha charges ₹40 brokerage per executed F&O order instead of ₹20. To learn more, see Clarification on additional brokerage for F&O trades.
In addition to the ₹40 brokerage, delayed payment charges are also applicable if your account has a negative balance.