Zerodha add-funds charges: UPI, netbanking, and payment gateway fees

Adding funds to a Zerodha trading account is free on every method except netbanking. UPI deposits carry no charge, IMPS, NEFT, RTGS, and cheque transfers are free at Zerodha’s end, and only the netbanking route attracts a payment gateway charge of Rs 9 plus 18% GST, a flat Rs 10.62 regardless of the amount transferred. This is the single charge a Zerodha client meets when moving money into the trading account, and it is the source of the Rs 10.62 line that shows up on many ledgers.

The charge is a pass-through. Zerodha does not earn on it; a third-party payment gateway levies the fee for processing a netbanking transaction and Zerodha recovers it at cost. UPI escapes the fee because there is no merchant discount rate to recover on UPI transfers under Reserve Bank of India and NPCI policy. This article sets out the charge on each funding method, explains what the Rs 10.62 deduction is, and shows where to verify it on your Zerodha Console ledger.

Conflict-of-interest disclosure. This article is published by webnotes.in for informational purposes and is written independently. WebNotes operates a Zerodha account-opening referral programme, disclosed on the pages that carry the referral link; this article does not carry it and earns no referral commission from anything described here.

Charges at a glance

The table below lists the charge Zerodha applies to each accepted funding method. The right column notes where a charge can still arise on the bank’s side even when Zerodha levies nothing.

The figures are stated on the Zerodha charges page and the Zerodha support note on the Rs 10.62 ledger entry, both observed in June 2026. The charges page records the payment gateway line verbatim as “Rs 9 + GST (Not levied on transfers done via UPI).”

UPI: nil cost

UPI fund additions to Zerodha are free. The Zerodha charges page exempts UPI from the payment gateway fee in plain terms, and the support documentation describes UPI as the way to “transfer funds instantly from your registered bank account using UPI for free.” A UPI deposit initiated through the Add Funds screen on Kite web or the Kite mobile app sends a collect request to your UPI handle; once you approve it with your UPI PIN, the money is credited within minutes and no fee is deducted.

The reason UPI is free runs deeper than a Zerodha promotion. The Reserve Bank of India and the National Payments Corporation of India have kept the merchant discount rate on UPI transfers at zero as a matter of policy to push digital-payments adoption. With no interchange to recover, there is nothing for the payment gateway to charge and nothing for Zerodha to pass on. The full step-by-step flow is documented in the guide on how to add funds to Zerodha via UPI .

UPI allows up to Rs 5,00,000 per transfer and up to 35 transfers per day, and individual banks may set a lower limit on their own UPI handles. If you need to move more than the UPI ceiling in one go, the IMPS, NEFT, or RTGS route documented below carries no Zerodha charge either.

Netbanking: the Rs 10.62 payment gateway charge

Netbanking is the one add-funds method that costs money at Zerodha. The charge is Rs 9 plus 18% GST, a flat Rs 10.62, and it does not scale with the deposit. A client adding Rs 1,000 by netbanking and a client adding Rs 5 lakh by netbanking both pay the same Rs 10.62. The Zerodha support note is explicit that “a payment gateway charge of Rs 9 plus 18% GST applies, regardless of the transfer amount.”

Netbanking runs through a third-party payment gateway, which is the entity that actually moves the instruction from your bank’s netbanking session to Zerodha. That gateway charges Rs 9 per netbanking transaction for the service. Zerodha recovers the Rs 9, adds the 18% GST that the tax law attaches to a payment-processing service, and debits the combined Rs 10.62 to your trading ledger. The guide on how to add funds to Zerodha via netbanking walks through the bank-selection and authentication screens.

The Rs 10.62 ledger entry

The Rs 10.62 line is the most-queried charge in the Zerodha funds context, and it is almost always a netbanking deposit. If you see a Rs 10.62 debit on your ledger and you did not use UPI, you added funds through netbanking and the gateway fee applied. The entry sits in your Zerodha Console ledger alongside the matching fund-credit line. A single Rs 10.62 debit corresponds to one netbanking add-funds transaction; if you ran three netbanking deposits in a day you will see three Rs 10.62 debits. Switching to UPI removes the charge entirely.

IMPS, NEFT, and RTGS: free at Zerodha

A bank-side push by IMPS, NEFT, or RTGS to your Zerodha beneficiary account is free at Zerodha. These rails do not pass through the payment gateway, so the Rs 9 fee does not apply. Zerodha’s IMPS, NEFT, and RTGS support note frames the cost clearly: the transfer is free at Zerodha and “your bank may apply charges” on its own side.

That bank-side charge is the one variable to watch. Many banks levy nil on NEFT for retail customers, but charges vary by bank and account type, and RTGS, which the Reserve Bank of India reserves for transfers of Rs 2 lakh and above, can carry a small fee at some banks. IMPS and NEFT have no regulatory minimum. None of these charges reach Zerodha; they are whatever your remitting bank decides. Credit timing differs by rail: IMPS reflects within 10 minutes, NEFT and RTGS within 2 hours, with transfers initiated between 12 AM and 7:30 AM reflecting only after 7:30 AM. The complete procedure is in the guide on how to add funds to Zerodha via NEFT, RTGS, or IMPS , and these rails send money to a client-specific virtual beneficiary account on HDFC Bank, IFSC HDFC0000240, explained in Zerodha funds transfer .

Cheque deposits

Cheque deposits are accepted and free. Zerodha’s add-money documentation states that a client can “transfer funds using a cheque for free.” A cheque clears on the normal banking cycle rather than instantly, so it is the slowest of the accepted methods, but it carries no Zerodha charge. Cheque sits apart from cash and demand drafts, which SEBI rules bar a broker from accepting; the accepted-and-not-accepted methods are set out in full in the guide on how to add funds to Zerodha .

What the payment gateway charge pays for

The payment gateway is the technical bridge between a bank’s netbanking system and Zerodha’s accounting ledger. When you add funds by netbanking, the gateway authenticates the bank session, confirms the debit, and signals Zerodha to credit your trading account. The gateway charges Rs 9 for handling that netbanking transaction. UPI rides a different settlement path operated by NPCI that carries no such per-transaction merchant fee, which is why the same gateway charges nothing on a UPI collect request.

This pass-through structure means the charge is not a Zerodha revenue line in the way brokerage or demat charges are. The Rs 9 covers a cost Zerodha itself pays to the gateway provider; the 18% GST on top is a statutory tax on the processing service, not a Zerodha markup. A client who wants to add funds at zero cost can do so on any day by using UPI, IMPS, NEFT, RTGS, or cheque instead of netbanking.

GST on the gateway fee

The Rs 9 netbanking gateway fee is a payment-processing service, and the Central Goods and Services Tax framework attaches GST at 18% to it. The arithmetic is Rs 9 plus Rs 1.62, which is Rs 10.62. The GST component, Rs 1.62, is the tax; the service charge is Rs 9. Both appear bundled in the single Rs 10.62 ledger debit rather than as two separate lines. Because the base fee is flat, the GST on it is flat too, so the total never moves off Rs 10.62 for a netbanking add-funds transaction.

Worked example across deposit sizes

Because the Rs 9 base fee is flat, the GST on it is flat, and the total never moves. The table shows the same Rs 10.62 against three netbanking deposit sizes.

As a share of the deposit, the charge shrinks as the amount grows: Rs 10.62 is about 1.06% of a Rs 1,000 netbanking deposit but about 0.002% of a Rs 5 lakh one. The flat structure makes netbanking proportionally cheaper for large deposits, though UPI and bank-rail transfers remove the charge altogether.

Choosing a method by cost and size

The cheapest route depends on the amount. For a deposit within the UPI limit of Rs 5,00,000 per transfer, up to 35 transfers a day, UPI is both free and instant, so it is the default choice. For an amount above the UPI ceiling, a bank-side push by IMPS, NEFT, or RTGS is free at Zerodha and clears in 10 minutes to 2 hours depending on the rail, with only your own bank’s possible NEFT or RTGS fee to weigh. Netbanking is the one route that costs Rs 10.62, so it makes sense only when a client prefers the in-Kite netbanking flow and accepts the flat charge. A cheque is free but slow, suited to a client who has no electronic route available.

The cost ranking is therefore plain: UPI, IMPS, NEFT, RTGS, and cheque cost nothing at Zerodha, and only netbanking carries the Rs 10.62 gateway charge. The single decision a cost-conscious client makes is to avoid netbanking when another accepted method is open. The accepted-and-not-accepted method list is set out in full in the guide on how to add funds to Zerodha .

How to check the charge on your ledger

Every fund movement and every charge is recorded in the ledger. Log in to Zerodha Console at console.zerodha.com, open Reports, and select Ledger. A netbanking deposit shows the fund-credit line for the amount you added and a separate Rs 10.62 debit for the gateway charge on or about the same date. A UPI deposit shows only the fund-credit line and no charge. If a charge looks wrong, reconcile it against the deposit it pairs with; the guide on how to reconcile a missing fund credit on Zerodha covers the common credit-timing and unlinked-bank cases that make a deposit look missing.

Withdrawals

Moving money the other way, from the Zerodha trading account to your registered bank, is free. Zerodha does not levy a payment gateway charge or any per-withdrawal fee, and there is no cap on the number of withdrawals. Standard withdrawals settle on the IMPS rail on the same or next business day depending on the cutoff; an instant-payout option credits within minutes for a separate facility fee. The full process is in the guide on how to withdraw funds from Zerodha , and the same-day option in how to schedule an instant withdrawal from Zerodha .

The funding charges sit within Zerodha’s wider fee schedule. For the brokerage and statutory charges on trades, see Zerodha brokerage structure and Zerodha account opening charges ; for the interest Zerodha levies when a trade is funded on a debit balance, see Zerodha delayed payment interest .

The vendor name on your bank statement

A payment-gateway fund transfer to Zerodha shows up on a bank or card statement under the payment-gateway vendor’s name rather than the name Zerodha, which can look unfamiliar. Zerodha routes netbanking payments through two payment-gateway vendors: NTT DATA Payment Services (the ATOM gateway) and Pine Labs (the BillDesk gateway). A debit that reads as one of these vendors is the Zerodha funding transaction, not an unknown charge.

For the banks with a direct integration, the transfer instead shows the bank’s own gateway name. Zerodha supports a direct gateway for six banks, IDFC FIRST (the 3-in-1 account), ICICI, SBI, HDFC, Kotak, and Axis, and for these the statement carries the bank’s gateway label rather than a third-party vendor.

One caveat on precision: Zerodha’s official page names the vendor companies, but it does not publish the exact descriptor string that a given bank prints on a statement, and the wording varies by bank. So the reliable check is the vendor company (NTT DATA or ATOM, Pine Labs or BillDesk) or the bank’s own gateway, matched against the amount and date of the addition in your Zerodha ledger .

See also

• Zerodha
• How to add funds to Zerodha
• How to add funds to Zerodha via UPI
• How to add funds to Zerodha via netbanking
• How to add funds to Zerodha via NEFT, RTGS, or IMPS
• Zerodha funds transfer
• How to reconcile a missing fund credit on Zerodha
• How to withdraw funds from Zerodha
• How to schedule an instant withdrawal from Zerodha
• Zerodha brokerage structure
• Zerodha account opening charges
• Zerodha delayed payment interest
• Pay-in of funds explained on Kite
• Zerodha idle funds policy
• Zerodha Console
• Kite web
• Kite mobile app
• Kite
• How to link a bank account to Zerodha
• How to add a secondary bank account on Zerodha
• Does Zerodha solicit fund transfers
• Unified Payments Interface
• IMPS
• NEFT
• RTGS
• NPCI
• Reserve Bank of India

External references

• Zerodha charges
• Zerodha support: the Rs 10.62 ledger deduction
• Zerodha support: how to add money to your Zerodha account
• NPCI
• Reserve Bank of India

References

1. Zerodha, “Charges,” zerodha.com/charges, payment gateway line “Rs 9 + GST (Not levied on transfers done via UPI),” observed June 2026.
2. Zerodha Support, “I see a deduction of Rs 10.62 on my ledger, what is this for,” support.zerodha.com, observed June 2026.
3. Zerodha Support, “How do I add money to my Zerodha account,” support.zerodha.com, observed June 2026.
4. NPCI , “Unified Payments Interface product overview,” npci.org.in, zero merchant discount rate on UPI.
5. Reserve Bank of India , framework on payment system charges, rbi.org.in.
6. Central Goods and Services Tax Act 2017, Section 9, GST on payment-processing services.