Zerodha Penalty rate

Exchange penalty rates

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Exchange penalty rates for margin shortfall on Indian exchanges follow SEBI’s framework. The rates are tiered by shortfall size.

Rate schedule

Shortfall criteriaPenalty per day
Less than Rs 1 lakh AND less than 10% of margin0.5%
Rs 1 lakh+ OR 10% to 25% of margin1%
More than 25% of margin5% (escalates)

For details and worked examples: How margin penalty is calculated .

Other exchange charges

Beyond shortfall penalty, the exchange may charge:

ChargeRate / basis
Transaction chargePer-trade levy (small)
STTPer SEBI framework
SEBI feePer-trade (small)
Stamp dutyPer state
Late payment / delayPer Zerodha policy

These are separate from the shortfall penalty.

SEBI framework basis

SEBI’s circulars on margin shortfall:

  • Define the rate schedule.
  • Mandate daily reporting.
  • Specify dispute resolution.

The framework is uniform across NSE, BSE, MCX.

See also

External references

References

  1. SEBI, Margin shortfall penalty rates, sebi.gov.in.
  2. NSE Clearing, Daily penalty computation, nseclearing.com.

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