Charges at a glance
About INDmoney
INDmoney is the "Super Finance App" from INDmoney Tech Pvt Ltd (formerly Finzoom Investment Advisors), founded in 2019 to help users track, manage and grow money in one place — Indian stocks, US stocks, mutual funds, ETFs, F&O, IPOs, fixed deposits, NPS and insurance. Broking is run through INDstocks Private Limited (formerly INDmoney Private Limited), which is SEBI-registered, a depository participant with CDSL, and a member of NSE, BSE and MCX.
INDmoney's standout feature is native US stock investing alongside Indian markets in a single app, with zero deposit/withdrawal fees on US stocks and brokerage capped at 0.25% per trade (max $25). On the Indian side, equity brokerage is the lower of ₹20 or 0.1% per order (min ₹2), F&O is a flat ₹20 per executed order, and the account carries ₹0 opening fee and ₹0 AMC for life.
Platforms
INDmoney App
The core "Super Finance App" — Indian stocks, US stocks, mutual funds, IPOs, FDs and NPS, plus net-worth and family finance tracking, all in one place.
INDstocks
Dedicated trading app and web platform for F&O and active Indian-stock trading, with order placement and market data built for traders.
INDmoney Web
Browser-based trading terminal for equity delivery, intraday and F&O, with no separate platform usage fee.
Regulatory & statutory charges
Besides brokerage, every trade attracts STT/CTT, exchange transaction charges, SEBI charges, IPFT charges, GST and stamp duty. Most are fixed by the government/exchanges and are the same across brokers.
Calculate the exact charges for any trade upfront using our brokerage calculator.
Equity
| Charge | Equity delivery | Equity intraday | F&O – Futures | F&O – Options |
|---|---|---|---|---|
| Brokerage | ₹20 or 0.1%/order, whichever is lower (min ₹2) | ₹20 or 0.1%/order, whichever is lower (min ₹2) | ₹20 per executed order | Flat ₹20 per executed order |
| STT/CTT | 0.1% on buy & sell | 0.025% on sell side | 0.05% on sell side | 0.15% on sell side (premium) |
| Transaction charges | NSE 0.00297% / BSE 0.00375% | NSE 0.00297% / BSE 0.00375% | NSE 0.00173% (on contract value) / BSE 0% | NSE 0.03503% / BSE 0.0325%–0.005% (on premium) |
| SEBI charges | ₹10 / crore | ₹10 / crore | ₹10 / crore | ₹10 / crore |
| IPFT charges | 0.0001% of turnover | 0.0001% of turnover | 0.0001% of turnover | 0.0005% of turnover |
| Stamp duty | 0.015% (buy side) | 0.003% (buy side) | 0.002% (buy side) | 0.003% (buy side) |
| GST | 18% on (brokerage + SEBI charges + DP charges + other applicable service charges) | |||
US Stocks
- Brokerage is 0.25% per transaction, capped at a maximum of $25 per order.
- Deposits and withdrawals for US stock investing carry ₹0 fees.
- Invest in 9,000+ US stocks and ETFs alongside Indian markets in the same app.
Commodity
| Charge | Commodity futures | Commodity options |
|---|---|---|
| Brokerage | ₹20 per executed order | ₹20 per executed order |
| STT/CTT | 0.01% on sell side (non-agri) | 0.05% on sell side |
| Transaction charges | MCX 0.0021% / NSE 0.0001% | MCX 0.0418% / NSE 0.001% |
| SEBI charges | Agri ₹1/crore, Non-agri ₹10/crore | ₹10 / crore |
| Stamp duty | 0.002% (buy side) | 0.003% (buy side) |
| GST | 18% on (brokerage + SEBI charges + transaction charges) | |
Mutual funds
- Direct mutual fund investments on INDmoney are ₹0 commission, with no transaction or redemption charges.
- Stamp duty of 0.005% applies on the purchase (buy) side of mutual fund units, as mandated by the government.
- STT of 0.001% applies only on redemption (sell) of equity-oriented mutual fund units.
Charges for account opening
| Type of account | Charges |
|---|---|
| Individual account | free |
| NRI account | free |
Demat AMC (Annual Maintenance Charge)
INDmoney charges ₹0 AMC for life on the demat account, on both resident and NRI accounts, with no conditions or holding-value tiers.
Penalties & other charges
Charges that apply only in specific situations — good to know upfront so nothing catches you off guard.
Penalties
Other charges
Pros & cons
What users like
- ₹0 account opening and ₹0 AMC for life, for both resident and NRI accounts
- Native US stock investing in the same app, with zero deposit/withdrawal fees
- Indian stocks, US stocks, F&O, mutual funds, IPOs, FDs and NPS all in one "Super Finance App"
- Flat ₹20 per order across all F&O segments, with transparent brokerage math
What to watch for
- Equity delivery isn't free — up to ₹20 or 0.1% per order, unlike some rivals
- DP charge of ₹18.5 + GST per ISIN is on the higher side among discount brokers
- Call & Trade carries a real cost at ₹500 per order, unlike brokers that offer it free
Read what customers say about INDmoney
Overall rating 4.5/5 based on 2 customer reviews — or share your own experience.