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Kotak High Trader Account

Understanding the individual requirements, we offer various facilities that fulfill the requirement of the Independent investor like you.

If you are a daily trader, we offer you the Kotak Securities High Trader Account; an account specially designed for intra-day traders. This is an Auto Square Off product where you can enjoy the benefits of intra-day trading. All open orders will be automatically squared off at 3.10 pm.

 
 
Your benefits
How to activate?
Open your account
X
  Charges  
   
During Cash Squaring up:
 
Volume in Rs. Brokerage
25 lakhs 0.06% both sides
25 lakhs - 2 crores 0.05% both sides
2 crores - 5 crores 0.04% both sides
> 5 crores 0.03% both sides


During Futures Squaring up:
 
Volume in Rs. Brokerage
< 2 crores 0.07% both sides
2 - 5.5 crores 0.045% both sides
5.5 - 10 crores 0.036% both sides
10 - 25 crores 0.027% both sides
> 25 crores 0.023% both sides


During Options Squaring up:
 
Monthly Premium Volume in Rs. Intraday Brokerage% Minimum Brokerage in Rs. Per Lot (Intraday) Account Type
Upto 4Lacs 2.5 100 Gateway
4Lacs-11Lacs 2.25 100  
11Lacs-20Lacs 1.8 100  
20Lacs-50Lacs 1.35 80 Privilege
> 50Lacs 1.15 70  
 

Here Premium Volume is considered as (Premium x Lot Size x No. of Lots). As per this new structure you will be charged either a fixed minimum brokerage per lot or the new brokerage rate based on the monthly premium value slabs you achieve, whichever is higher. Kindly note that this new brokerage structure for option contracts will be applicable with effect from 23rd February 2007.

 
   
 
 

Note1: The minimum brokerage that is applicable in the Kotak High trader Account is 4 paise on delivery and 4 paise in the cash segment.

Note2: It is possible that an investor who trades in higher volumes, can move to a higher level and avail brokerages lesser than that pertaining.

Service Tax of 12.36% of brokerage will be charged in addition.

The brokerages charged are as per the volumes that are achieved. Based on these volumes a client can be either debited or credited an amount which is as per the volumes he/she may achieve at the end of the month.
In accordance with the National Stock Exchange, the new revised STT rates are as mentioned below

Securities Transaction Tax (STT) @ 0.125% of turnover will be charged in addition to the brokerage on all delivery trades

STT @ 0.025% of turnover will be charged in addition to the brokerage on sell leg of all non delivery trades in the cash market

STT @ 0.017% of turnover will be charged in addition to the brokerage on sell leg of all non delivery trades in the derivative market

-Service tax, STT and other statutory charges are as per current rate and any revision in the rate then,will be applicable "

Special service charges


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