Will there be any brokerage charges if the order is squared off by Kotak Securities?
For any client where one leg of square off trade is executed by dealer/RMS, Trade Free benefit is not extended. In such scenarios, two contract notes are generated – one with zero brokerage and another with brokerage.
The brokerage charges you incur will vary according to the plan that you have selected. Please click here to view the charges for different brokerage plans offered by Kotak Securities.
Yes, there is an additional charge over and above brokerage in case of orders getting squared off by Kotak Securities.
If you are under Trade Free, Trade Free Max or Trade Free Youth, the charges will be as follows:-
Trade Free : -
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Intraday position square off : Rs.90 will be charged per order
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Delivery position square off : Rs.70
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Position liquidated by Risk : Rs.70
Trade Free Max :-
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Intraday position square off : Rs.89 will be charged per order
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Delivery position square off : Rs.69
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Position liquidated by Risk : Rs.69
Trade Free Youth:-
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Intraday position square off : Rs.49 will be charged per order
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Delivery position square off : Rs.49
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Position liquidated by Risk : Rs.49
If you are not under any of the above plans, please get in touch with our customer service to know your charges @1800 20 99 191.