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Zerodha vs Kotak Neo: which is cheaper?

Zerodha is cheaper for delivery, and Kotak Neo for intraday, futures, options, currency futures, currency options, commodity futures and commodity options. On a ₹1 lakh delivery buy and sell, Zerodha costs ₹237.82 and Kotak Neo ₹694.48 including taxes. Kotak Neo does not publish a DP charge, so its total leaves it out.

Checked 31 Oct 2026. Totals include 18% GST, STT, exchange and SEBI fees, stamp duty and the DP charge on delivery sells.

Who is cheaper, segment by segment

Each trade is one buy order and one sell order at the size shown.

Segment and tradeZerodhaKotak Neo Trade Free (30+)Cheaper
Equity delivery₹1 lakh buy + sell₹237.82₹694.48Zerodha by ₹456.66
Equity intraday₹1 lakh buy + sell₹82.68₹59.08Kotak Neo by ₹23.60
Equity futures₹10 lakh contract₹612.75₹589.15Kotak Neo by ₹23.60
Equity options₹10,000 premium, buy + sell₹70.91₹47.31Kotak Neo by ₹23.60
Currency futures₹85,000 contract, buy + sell₹48.19₹24.59Kotak Neo by ₹23.60
Currency options₹1,000 premium₹47.94₹24.34Kotak Neo by ₹23.60
Commodity futures₹6 lakh contract, buy + sell₹150.35₹126.75Kotak Neo by ₹23.60
Commodity options₹10,000 premium₹62.39₹38.79Kotak Neo by ₹23.60

Zerodha vs Kotak Neo on your own trade

Enter your own trade size. Totals include brokerage, 18% GST, STT, exchange and SEBI fees, stamp duty and, on delivery sells, the DP charge.

On this tradeZerodhaKotak NeoTrade Free (30+)
Brokerage₹0.00₹400.00
GST on brokerage₹0.00₹72.00
STT₹200.00₹200.00
Exchange and SEBI fees, with GST₹7.48₹7.48
Stamp duty₹15.00₹15.00
DP charge on the sell₹15.34Not published
Total₹237.82₹694.48

Zerodha is ₹456.66 cheaper on this trade.

Small and large trades

Flat-fee plans cost the same at any size; percentage and per-lot plans grow with the trade.

TradeZerodhaKotak NeoCheaper
Equity delivery₹10,000, buy + sell₹37.59₹69.45Zerodha by ₹31.86
Equity delivery₹5 lakh, buy + sell₹1,127.75₹3,472.41Zerodha by ₹2,344.66
Equity delivery₹25 lakh, buy + sell₹5,577.37₹17,362.03Zerodha by ₹11,784.66
Equity intraday₹5 lakh, buy + sell₹224.61₹201.01Kotak Neo by ₹23.60
Equity intraday₹25 lakh, buy + sell₹934.23₹910.63Kotak Neo by ₹23.60
Equity futures₹25 lakh contract, buy + sell₹1,461.07₹1,437.47Kotak Neo by ₹23.60
Equity options₹25,000 premium, 5 lots, buy + sell₹106.47₹82.87Kotak Neo by ₹23.60
Equity options₹1 lakh premium, 20 lots, buy + sell₹284.29₹260.69Kotak Neo by ₹23.60

Rate cards side by side

ChargeZerodhaKotak Neo Trade Free (30+)
Equity delivery₹00.2% of trade value
Equity intraday₹20 or 0.03% (whichever is lower)₹10 or 0.05% (whichever is lower)
Equity futures₹20 or 0.03% (whichever is lower)₹10 per order
Equity options₹20 per order₹10 per order
Currency futures₹20 or 0.03% (whichever is lower)₹10 per order
Currency options₹20 per order₹10 per order
Commodity futures₹20 or 0.03% (whichever is lower)₹10 per order
Commodity options₹20 per order₹10 per order
DP charge per sell₹15.34Not published
Demat AMC₹300/yr (₹0 BSDA under ₹4L)not on plan page

Check before you choose

Zerodha

  • Accounts that break the 50% cash-margin rule pay ₹40, not ₹20, per intraday F&O order from 1 Apr 2026. A debit balance adds ₹20 per order.
  • Free delivery is for individuals only; HUFs, firms and companies pay 0.1% or ₹20.
  • Call & trade and auto square-off: ₹50 per order.

Kotak Neo

  • ₹10 on intraday and F&O, but delivery is 0.20% with no cap: ₹200 on a ₹1 lakh buy.
  • Existing clients pay ₹499 + GST to switch to this plan. Under 30? Trade Free Youth has ₹0 delivery.
  • DP charges are on a separate demat schedule, so they are not included here.

Common questions

Which is cheaper, Zerodha or Kotak Neo?

Zerodha is cheaper for delivery, and Kotak Neo for intraday, futures, options, currency futures, currency options, commodity futures and commodity options. On a ₹1 lakh delivery buy and sell, Zerodha costs ₹237.82 and Kotak Neo ₹694.48 including taxes. Kotak Neo does not publish a DP charge, so its total leaves it out. Rates checked 31 Oct 2026.

More comparisons

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