Opening an account with a Zerodha comes up with many charges and fees, and what bothers most of the investors is to pay hidden or additional fees like DP charges? But do you know there are ways to avoid these charges? Wondering how to avoid DP charges in Zerodha?
Now think of the ways when the demat account is not involved in share market trading?
Let’s give you a hint.
Of course, it is not for the day traders where no debit or credit of shares take place in the demat account. In such a case, with intraday trading, you can avoid DP charges in Zerodha.
Apart from this, is there any other option where you can avoid paying DP charges or such charges are not imposed by the stockbroker?
Let’s move ahead to find the answer.
When Can You Avoid DP Charges in Zerodha?
DP charges are the debit transaction charges and thus charged only when you have sell shares from the demat account.
But again there are certain cases, where a demat account is not involved like the one in intraday trading.
So if you are an intraday trader, then no DP charges are charged.
Other than this, traders trading in the derivatives segment like Futures and Options, again no shares transaction takes place and hence demat account is not involved.
This again provides relaxation to traders from paying the DP charges in Zerodha.
Thus, you can avoid DP charges in Zerodha by:
- Doing intraday trading
- Trading in Futures and Options segment.
In all the DP charges in Zerodha are imposed only on the delivery trading where the shares are credited and then later debited from the demat account.
What are DP charges in Zerodha?
So if you are doing a delivery trade in Zerodha, then there is no brokerage on buy or sell but on selling you need to pay the DP charges which is equal to ₹13.5 per scrip.
Hope this clarifies the DP charges and how to avoid DP charges. If you have any queries or would like to know more about it, then please contact us by filling out the form below.
