Zerodha confirms free delivery of shares, Nithin Kamath says it will continue to be free.

Zerodha has confirmed that delivery of shares will continue to be free and there are currently no changes to brokerage. From October 1, 2024, there will be fee adjustments for options and futures trading. For options, the securities transaction tax (STT) will increase from 0.0625% to 0.1%, while the transaction fee will decrease from 0.0495% to 0.035%.

“Currently, we are not making any changes in our brokerage.” Noting the recent updates in the stock market effective October 1, Nithin Kamath, CEO, Zerodha said, “For options, the STT is from 0.0625% to 0.1 % increased while the transaction fee decreased from 0.0495% to 0.035%.”

“This results in a net increase of 0.02303%, or ₹2,303 per crore premium on the NSE and 0.0205% or ₹“2,050 per crore on the BSE,” he said.

“For futures, STT will increase from 0.0125% to 0.02%, with the transaction fee decreasing slightly from 0.00183% to 0.00173%. This results in a net increase of 0.00735%, or ₹735 per crore of futures turnover,” Kamath said.

Since STT applies to the entire contract value in futures, the impact will be significantly greater for futures traders compared to options, he added.