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- Pricing
Demat & Trading Account Opening Charges
Additional GST & Payment gateway fee available on selected plan
Lowest Cost Demat Account in the Industry
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
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: 0.00297% BSE: 0.00375% |
NSE: 0.00297% BSE: 0.00375% |
NSE: 0.00173% | NSE: 0.03503% (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: 0.00035% |
NSE: Exchange txn charge: 0.0311% |
| 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 | Pay Later (MTF) |
|---|---|
| Interest Rate | 6.99% - 9.99% |
| Brokerage | ₹20/order |
| Subscription Fee | Zero |
| Pledge Charges | ₹32^^ |
| GST | 18% on (brokerage + transaction charges) |
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 Pay Later (MTF) 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 ![]()
No charge will be applicable for corporate action order
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 ![]()
No charge will be applicable for physical CMR request
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 ![]()
No charge will be applicable for demat per certificate
Remat Charges ![]()
No charge will be applicable for remat
Failed Instruction Charges ![]()
No charge will be applicable for failed instruction
Reactivation Charges ![]()
No charge will be applicable for reactivation
Modification charges ![]()
No charge will be applicable for modification
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 ![]()
No charges will be applicable for physical delivery of derivatives
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
With 999 Account & 999 AMC - you get a ZERO charges account without any Catch
Here's what the world has to say
“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!”
“Having carefully understood the m.Stock zero brokerage & pricing model, I can say with confidence that it is unmatchable in the current market.”
“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.”
“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.”
“Get Zero Brokerage for life at one time fee ₹999 across products for life! A biggest revolution in broking industry! Hats off team Mirae!”
“My account opening process on m.Stock trading app was incredibly simple. A hassle-free investment with a one-time cost of Rs.999.”
Power your investments with our smart trading platforms
For a powerful, stable and secure experience,
download m.Stock App & set up your lifetime Zero brokerage account @ one-time fee of ₹999
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Scan QR code to download
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Enter number to get app link
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