Charges zerodha ledger payment gateway fee Rs 10.62 net banking charge fund transfer charge GST

The Rs 10.62 deduction on the Zerodha ledger

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The Rs 10.62 deduction on the Zerodha funds ledger is the net-banking payment gateway fee, charged when a client adds money to the trading account through the net-banking option. It is made up of a Rs 9 base fee and Rs 1.62 of GST at 18 per cent, totalling Rs 10.62, and it is levied once per net-banking transfer regardless of the amount added (Zerodha support note on the Rs 10.62 ledger deduction, as of 20 June 2026). It is not the demat annual maintenance charge and not a per-day or per-balance levy.

Clients who see a Rs 10.62 debit on the ledger often assume it is a hidden recurring charge or the demat maintenance fee. It is neither. This article identifies the deduction precisely, breaks out the base-plus-GST split, states what triggers it, and explains how to avoid it. It sits alongside the payment gateway fees note and the Zerodha hidden charges reference. Every figure carries its source and as-of date; verify against zerodha.com/charges before relying on it.

What the Rs 10.62 is

Zerodha lets a client fund the trading account by two main routes. UPI transfers are free. Funding through the net-banking payment gateway, where the client is taken to a bank’s net-banking page to authorise the transfer, carries a payment gateway charge of Rs 9 plus 18 per cent GST, regardless of the transfer amount (Zerodha support note on the Rs 10.62 ledger deduction, as of 20 June 2026). That charge is the Rs 10.62 line.

The fee exists because the net-banking route uses a third-party payment aggregator that charges per transaction, a cost Zerodha passes through with GST added. UPI, routed over the National Payments Corporation of India rails, does not carry the same per-transaction aggregator fee, which is why a UPI transfer into the account is free. The Rs 10.62 is therefore tied to the funding method, not to the account, the holdings, or the passage of time.

The base-plus-GST split

The Rs 10.62 decomposes into two parts:

ComponentAmount
Payment gateway base feeRs 9.00
GST at 18 per cent on Rs 9Rs 1.62
Total ledger debitRs 10.62

The Rs 9 is the gateway charge; 18 per cent GST on Rs 9 is Rs 1.62, and the two together make Rs 10.62. The GST applies because the gateway fee is a service charge, the same treatment that puts 18 per cent on brokerage and other service fees, detailed in GST on broking charges . The fee is flat, so the split is identical on every net-banking transfer: Rs 9 plus Rs 1.62, never more and never less, whether the client adds Rs 500 or Rs 5 lakh.

Because it is fixed in rupees, the fee is a larger percentage cost on a small transfer. On a Rs 500 net-banking top-up the Rs 10.62 is 2.1 per cent of the amount added; on a Rs 5 lakh transfer it is 0.002 per cent. A client who funds frequently in small amounts through net banking pays the Rs 10.62 each time, which is the pattern that makes the charge feel like a recurring deduction even though each instance is a separate per-transfer fee.

What it is not

The Rs 10.62 is not the demat annual maintenance charge. The AMC at Zerodha is a separate recurring debit, Rs 300 a year plus 18 per cent GST for a non-BSDA resident individual, billed on its own cycle, and it appears as a different ledger entry. Confusing the two is common because both carry GST and both arrive without a trade, but the AMC is annual and the Rs 10.62 is per net-banking transfer.

It is also not a DP charge , which is Rs 15.34 per scrip on a delivery sell and is tied to a demat debit, not to funding. It is not delayed-payment interest, which accrues on a debit balance. And it is not a withdrawal charge, because moving funds from the trading account back to the bank is free. The Rs 10.62 has one cause: a net-banking funding transfer.

How to avoid it

The fee disappears entirely if the client funds the account by UPI. A UPI transfer into the trading account carries no payment gateway fee, so a client who routes every top-up through UPI never sees the Rs 10.62 line. The practical step is to add funds using the UPI option in the funds section rather than the net-banking option, which keeps funding free.

For clients whose bank or transfer size pushes them toward net banking, the way to limit the cost is to fund in fewer, larger transfers rather than many small ones, since the Rs 10.62 is per transfer. Consolidating four Rs 25,000 net-banking top-ups into one Rs 1 lakh transfer cuts the gateway fee from Rs 42.48 to Rs 10.62. The cleaner answer remains UPI, which removes the fee rather than reducing it.

Reading it on the ledger

On the funds ledger the Rs 10.62 appears as a payment-gateway or fund-transfer charge entry dated to the day of the net-banking top-up, separate from the credit for the funds added. A client reconciling the ledger should match each Rs 10.62 debit to a net-banking funding entry on the same date; if there is no corresponding net-banking transfer, the debit is something else and should be checked against the Zerodha hidden charges list. The ledger view in Zerodha Console shows the funding method alongside the charge, which is the quickest way to confirm the Rs 10.62 is a net-banking gateway fee rather than another levy.

See also

External references

References

  1. Zerodha support, “Why is there a deduction of Rs 10.62 on my ledger”, support.zerodha.com (accessed 20 June 2026).
  2. Zerodha charges schedule, payment-gateway fee of Rs 9 plus GST on net-banking transfers, zerodha.com/charges (accessed 20 June 2026).
  3. CGST Act 2017, Section 9, on GST applicability to payment gateway service charges.

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Frequently asked questions

What is the Rs 10.62 deduction on my Zerodha ledger?
It is the net-banking payment gateway fee, not a demat charge. Adding funds to the trading account via net banking attracts Rs 9 plus 18 per cent GST, totalling Rs 10.62, per transfer regardless of the amount added (Zerodha support note, as of 20 June 2026).
Is the Rs 10.62 the demat AMC?
No. The demat annual maintenance charge is a separate, recurring debit. The Rs 10.62 is the per-transfer payment gateway fee for funding the account through net banking, made up of a Rs 9 base and Rs 1.62 GST.
How do I avoid the Rs 10.62 charge?
Fund your trading account using UPI instead of net banking. UPI transfers into the account are free, so no payment gateway fee applies. The Rs 10.62 only appears when you use the net-banking gateway.
Is the Rs 10.62 charged every time I add money?
It is charged each time you add funds through the net-banking payment gateway, once per transfer and regardless of the amount. It is not a daily charge and is not levied on UPI transfers, which carry no fee.
Does the Rs 10.62 depend on how much I transfer?
No. The fee is flat at Rs 9 plus GST per net-banking transfer, whether you add Rs 500 or Rs 5 lakh. Because it is fixed, it is a higher percentage cost on a small transfer than a large one.
Why is GST added to the payment gateway fee?
The Rs 9 gateway fee is a service charge, so 18 per cent GST applies, adding Rs 1.62 and bringing the total to Rs 10.62. The split is Rs 9 base and Rs 1.62 tax, shown together as one ledger line.

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