Lifetime ₹ 0 Brokerage & No Commission

FREE

Intraday, Delivery,
F&O, Mutual Funds,
IPOs, Currency

Open Zero Brokerage Demat Account

Demat & Trading Account Opening Charges

^₹ 999

Zero brokerage across Delivery, Intraday, F&O, Mutual Funds & IPO.

^₹ 149 0

Zero Brokerage on Delivery, Mutual Funds & IPO. Brokerage of ₹20 applicable on all other segments as per executed orders.

Additional GST & Payment gateway fee available on selected plan

₹0 Brokerage & Lowest Other Charges in the Industry

Type	Charges	m.Stock	Full Service Broker	Discount Broker
Brokerage	Delivery Intraday Futures ETF Options Currency Mutual Fund IPO	₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0	Upto 0.55% Upto 0.19% Upto 0.05% Upto 0.55% Upto ₹100 Upto ₹25 ₹0 ₹4	₹0 - ₹20 ₹10 - ₹20 ₹10 - ₹20 ₹0 - ₹20 ₹10 - ₹20 ₹0 - ₹20 ₹0 ₹20
	Average Brokerage	₹0	Upto 0.55%	Upto ₹20
Other Charges	DP Charges During Sell Transactions Payment Gateway Charges Call & Trade MTF Interest Rate Pledge shares interest rate	₹18 Upto ₹11 ₹0 Upto 9.99% 11.99%	0.04% ₹6 ₹24 18% 18%	₹16 ₹9 ₹54 20% 20%

Note: Data basis the information available across the company websites

Watch real traders save big on m.Stock

₹ 1,20,000 brokerage a year or ₹ 0 brokerage for life? Choose wisely
Assuming 25 orders @ ₹ ₹20 brokerage and 20 trading days in a month

Calculate Now

No Hidden Charges

Charges	Equity Delivery	Equity intraday	Futures	Options
Brokerage	Zero	Zero	Zero	Zero
Call & Trade Charges	Zero	Zero	Zero	Zero
STT/CTT	0.1% on buy & sell	0.025% on the sell side	0.02% on sell side	• 0.125% of the intrinsic value on options that are bought and exercised • 0.1% on sell side (on premium)
Transaction charges	NSE: 0.00322% BSE: 0.00375%	NSE: 0.00322% BSE: 0.00375%	NSE: 0.00188%	NSE: 0.0495% (on premium)
GST	18% on (brokerage + transaction charges + SEBI charges)	18% on (brokerage + transaction charges + SEBI charges)	18% on (brokerage + transaction charges + SEBI charges)	18% on (brokerage + transaction charges + SEBI charges)
SEBI charges	₹10 / crore	₹10 / crore	₹10 / crore	₹10 / crore
Stamp charges	0.015% or ₹1500 / crore on buy side	0.003% or ₹300 / crore on buy side	0.002% or ₹200 / crore on buy side	0.003% or ₹300 / crore on buy side

Charges	Futures	Options
Brokerage	Zero	Zero
Call & Trade Charges	Zero	Zero
STT/CTT	No STT	No STT
Transaction charges	NSE: Exchange txn charge: 0.0009%	NSE: Exchange txn charge: 0.035%
GST	18% on (brokerage + transaction charges)	18% on (brokerage + transaction charges)
SEBI charges	₹10 / crore	₹10 / crore
Stamp charges	0.0001% or ₹10 / crore on buy side	0.0001% or ₹10 / crore on buy side

Charges	MTF (eMargin)
Interest Rate	6.99% - 9.99%
Brokerage	Zero
Subscription Fee	Zero
Pledge Charges	₹25^^
GST	18% on (brokerage + transaction charges)

Rates Effective from 1st October, 2024

Mutual Fund Charges

No fees on Mutual Fund Direct Plans

DP (Depository Participant) Charges

₹18 + GST per ISIN per transaction per day will be charged as DP sell transactions charges

Pledge Charges

Pledge creation & closure charges will be ₹32 per PSN (Pledge Sequence Number) per day (+GST) for MTF (eMargin) orders
Pledge creation & closure charges will be ₹0 & ₹32 respectively per PSN (Pledge Sequence Number) per day (+GST) for Pledge Shares facility.

Quarterly Operating Charges

₹219 + GST per quarter for clients
Clients can opt for 'Lifetime free operating charges' by paying a one-time fee of ₹1,299 + GST once their account is activated

Upgrade Charges

Brokerage Plan: In case you opt for Free Delivery account during account opening and upgrade to ‘Zero Brokerage account’ later, then you will have to pay ₹1,299.
Operating charges: You have an option to upgrade to ‘Lifetime free operating charges’ later, by paying a one-time fee of ₹1,299.

Off-market Transfer Charges

Transfer in FREE - Transfer out ₹20 per transaction or 0.50% whichever is lower

Corporate Action Order Charges

In case of Free Delivery account, a charge of ₹20 per transaction will be levied

Delayed Payment Charges

Interest is levied at 24% a year or 0.066% per day on the debit balance in your trading account

Investor protection funded trust

Equity: ₹10 per crore
Options: ₹50 per crore

Physical CMR Request

First CMR request is free. ₹20 + ₹100 (courier charge) + 18% GST for subsequent requests.

Payment Gateway Charges - Margin Fund Transfer

UPI & Smart Pay Transactions are Free and in case of Net banking, charges will vary between ₹7 - ₹11 + GST depending on the bank selection

Physical Statement Courier Charges

₹100 per request + ₹100 per courier

Demat per certificate

A charge of ₹150 per certificate + ₹100 courier charges will be levied

Remat Charges

A charge of ₹150 per certificate + ₹100 courier charges + CDSL Charges will be levied

Failed Instruction Charges

A charge of ₹50 per instruction will be applied

Reactivation Charges

No charge will be applicable for account reactivation

Modification charges

A charge of ₹20 will be applicable per request

Account Closure Charges

No charge will be applicable for account closure

18% GST

On Brokerage, DP charges, Exchange Transaction charges, SEBI charges and Auto Square-Off charges

Physical Delivery of Derivatives

Nominal brokerage 0.05% of the contract value will be charged when physical delivery happens.

Transaction/Turnover Charges

BSE transaction charges on securities traded in X, XT and Z group is 0.10% per crore & for 'P', 'ZP', 'SS' and 'ST' group, it is 1% per crore on the gross turnover value

Other Charges

RMS square-off-charges for open intraday positions by system - ₹100 per position
Auction if unable to deliver a stock (not in demat) - As per actual penalty by exchange

999 Account

With this account, you will be charged a one-time Account opening fee of Rs.999, where you get to trade across all products @ Zero brokerage. This is a not a recurring charge. Zero brokerage charges are not linked to any subscription pack, or a limited number of trades and this is not a limited time offer.

149 Account

With this account, you will be charged a one-time Account opening fee of Rs. 149, subsequently you will be charged at Rs. 20 per trade across products. Delivery trades, Mutual Funds & IPOs are @ Zero brokerage.

Demat AMC

FREE for Life

If you go for Rs. 999 Demat AMC, you will not be charged AMC ever again. Alternatively, you can choose to pay Rs. 120 at the end of every quarter.

With 999 Account & 999 AMC - you get a ZERO charges account without any Catch

No limit to number of orders
No prior brokerage commitment
No subscription attached
No date of expiry

Open your Lifetime Free Brokerage Account

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Customer Testimonials

Here's what the world has to say

Kummara India

“When I opted for the ₹999 Zero Brokerage plan, I was expecting a long list of T&C but it is truly a zero brokerage platform. Simply WOW!”

Tenneti India

“Having carefully understood the m.Stock zero brokerage & pricing model, I can say with confidence that it is unmatchable in the current market.”

Aditya India

“When I heard that m.Stock is a zero brokerage platform I thought it was some sort of a scheme or scam. But, to my surprise, it is CLEARLY not! It is a perfect app for Indian small traders.”

Dipankar India

“Zero Brokerage sounded too good to be true but still I chose ₹ 999 account & was surprised to find that there were no hidden charges. I also opted for the free AMC by paying an additional ₹ 999.”

Iamamitvasu India

“Get Zero Brokerage for life at one time fee ₹999 across products for life! A biggest revolution in broking industry! Hats off team Mirae!”

Tax Guru India

“My account opening process on m.Stock trading app was incredibly simple. A hassle-free investment with a one-time cost of Rs.999.”

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I understand that my account would be opened as per name appearing in Income Tax records and the same would be activated after all procedure relating to client due diligence in accordance with regulatory guidelines is completed.
I authorize Mirae Asset Capital Markets (India) Private Limited (“MACM”) to contact me including but not restricted to call/sms and sending WhatsApp communication to me even though my mobile no. may be registered under DND/DNC Registry.
I authorize MACM to undertake my KYC online through KRA/Aadhaar/Digi locker based on authentication of opening Trading and Demat account with MACM.
The account opening charges once paid will not be refunded under any circumstances. Client need to complete his/her account opening journey within six months from date of the payment. In case the client resumes his/her account opening journey after six months from date of payment, it will be considered as fresh/new application and he/she will have to again pay the account opening charges prevalent at the time of fresh/new application.
I understand that Investment in securities markets are subject to marketrisks, please read all the related documents carefully before investing. Brokerage will not exceed the SEBI prescribed limits.
I confirm having read/been explained and understood the contents of the document of Policy and Procedures of the Stock broker and the tariff sheet. I further confirm having read and understood the contents of the Rights and Obligations document, Risk Disclosure Document, Guidance Note, Additional Terms & Conditions & Tariff Sheet for Trading and Demat. I do hereby agree to be bound by such provisions as outlined in these documents. I have also been informed that the standard set of documents has been displayed for information on website www.mstock.com.The Rules & Regulations of the Depository and Depository Participant, pertaining to an account which is in force now, have been read by me/us and I/We have understood the same and I agree to abide by and to be bound by the rules as are in force from time to time for such account. You can view/download the same by clicking https://bit.ly/3CPMZ5k