Trade Free Plan

Pay ZERO brokerage on all Intraday trades if you are above 30 years of age

Free

Intraday Trades -
All Segments

Zero brokerage for intraday trades across Cash, Futures & Options, Currency & Commodity

`20

Carry Forward F&O, Commodity & Currency trades

Flat fee of `20 per executed order

0.25%

Equity Delivery

0.25% of transaction value

Charges

  • Plan Fee
  • Brokerage & Interest Rates
  • Taxes and Regulatory Charges
  • Demat Charges
  • Other Charges

Account Opening Fee

One-time fee
During Account opening Rs.99 incl. of GST
Existing clients Rs.499 + GST

Brokerage

Charge Head Brokerage
Intraday1 (All Segments) FREE
Delivery (Equity) 0.25% or Rs.20 whichever is higher
(Subject to maximum 2.5% regulatory allowed brokerage)
Brokerage of only 0.01% of the transaction value will be levied in case of Liquid ETFs*
*Eligible Liquid ETFs are DSP BlackRock Liquid ETF, ICICI Prudential S&P BSE Liquid Rate ETF, Nippon India ETF Nifty 1D Rate Liquid Bees & Kotak Liquid ETF
1Intraday trades are trades which are squared off on the same day and for which you would be required to provide at least exchange-prescribed margins. The choice to square off the trade is at your discretion. If you wish to carry-forward your F&O, Commodities & Currency position, you can do the same by paying a flat brokerage of ` 20 per executed order. 
Description Interest Rates
Outstanding Debit Balance on Margin Trading Facility (MTF) 0.049%per day
Stock used as Margin for Derivative Trades
  • Intraday Trades – 0% per day
  • Carry forward derivative trades – 0.049% per day (only on the non- cash collateral limits used above 50% of the total margin requirement).
Other Debit Balance 0.049% per day
No interest on Liquid Funds and Liquid BeES as collateral  

Note: Interest would be charged on a monthly basis

  • Minimum brokerage of ` 20 per executed order will be charged for Equity Delivery transactions.
  • Expiry/ exercise or assignment trades will be charged Rs. 20 per executed order.
  • Additional brokerage of maximum ` 90 per executed order will be charged for orders placed through dealers/customer service executives and trades squared off by Kotak Securities.
  • Processing fee for Securities Lending & Borrowing Mechanism (SLBM) will be 15% of lending & borrowing fee, subject to minimum of 10 paise per share.
  • For all free intraday trades, a nominal charge of 1 paisa per scrip/underlying will apply.
  • Brokerage will not exceed the rates specified by SEBI and the Exchanges.
  • STT, CTT, GST and all other applicable exchange/ regulatory/ statutory charges/ taxes will be levied as per applicable rates.

Taxes and Regulatory Charges

Equity
Delivery
Equity
Intraday
Equity
Futures
Equity
Options
Currency
Futures
Currency
Options
Commodity
Futures
Commodity
Options
STT/CTT Charges (As per Exchange) 0.1% (both sides) 0.025% (sell side) 0.0125% (sell side) 0.0625% (on Sell side on premium) Nil Nil 0.01% (Sell side) 0.05% (sell side)
Transaction
charges*
NSE: 0.00335% / BSE 0.00375% NSE: 0.00335% / BSE 0.00375% NSE: 0.002% NSE: 0.0505% on Premium NSE: 0.00095% , BSE: 0.00022% NSE: 0.037%, BSE: 0.001% MCX (for Agri & Non Agri): 0.0026% NCDEX: 0.006% It is 0.05% for MCX and 0 for NCDEX
Stamp
charges (As per State)
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 0.0001% or ` 10 / crore on buy side 0.0001% or ` 10 / crore on buy side 0.002% or ` 200 / crore on buy side 0.003% or ` 300 / crore on buy side

Securities Transaction Tax (STT)

STT is levied by the government on transactions executed through stock exchanges. It is charged on both buy and sell transactions in the equity delivery segment. It is charged only on the sell transaction in intraday trades and Futures & Options segment.

SEBI charges

Charged at Rs. 10 Per Crore (Commodity futures (Agri) : Rs.1 per crore) of the transaction value by Securities and Exchange Board of India for carrying out regulatory duties.

Commodities Transaction Tax (CTT)

CTT is similar to STT and is levied on exchange-traded commodity derivatives in India.

Stamp charges

Charged by the government for transacting in instruments on stock exchanges and depositories.

Transaction charges + IPFT (Investor Protection Fund) charges

Transaction charges and IPFT charges are levied by the exchanges. NSE IPFT is a compensation fund for stock market investors to compensate them in the event of the defaulter’s assets not being sufficient to meet the admitted claims of investors.

GST

Goods & Services (GST) is levied at 18% on brokerage + transaction charges + SEBI fees

Demat Charges

Schedule of Demat Charges
No Service Charges
1 Dematerialisation ` 150 per certificate + ` 50 per request (courier charges)
2 Rematerialisation ` 10 for 100 securities (shares, bonds, mutual fund units, etc.; subject to minimum of ` 15)
3 DP Transaction Charges - Market & Off-Market Trades
a Credit transactions (Buy) Nil
b Debit transactions (Sell) 0.04% of the value of securities (subject to minimum of ` 20)
4 Annual Maintenance Charges (AMC)
Account Type Holding Value of Securities
a For BSDA Clients
  • If less than or equal to Rs. 50,000 : No AMC
  • If greater thanRs. 50,000 & less than equal to Rs. 2
    lacs : Rs. 100 AMC
  • If greater than Rs. 2 lacs: Rs. 50 per month
    (Account will convert to Non- BSDA)
  • securities--> If greater than Rs. 2 lacs: Rs. 50 per month
    (Account will convert to Non- BSDA)
b For Non BSDA Clients
  • If less than or equal to Rs. 10,000
    (basis maximum value during the month): No AMC
  • If greater than Rs. 10,000: Rs. 50 per month
5 Charges for Client Master Report changes (Applicable for Email/ Address/ Mobile/ Bank) Nil
6 Delivery Instruction Slip (DIS) - Reissuance ` 100 per DIS booklet + ` 50 courier charges
7 Pledge Charges (For margin purpose)
(for trading in Equity [including MTF], Derivatives, Currency & Commodities)
a Request ` 20 per ISIN
b Invocation ` 20 per ISIN
c Release (Un-pledge) ` 20 per ISIN
8 Pledge Charges (For non-margin purpose)
(for all other purposes except the above. For example: Loan against securities etc.)
a Request 0.05% of the value of securities (subject to minimum of ` 30)
b Invocation 0.04% of the value of securities (subject to minimum of ` 30)

  • Value of transaction will be in accordance with rates provided by the Depository or actual transaction value, whichever is higher
  • To adhere to regulatory guidelines, please place all market instructions for transfers with Kotak Securities latest by 4.00 p.m., at least one working day prior to the pay-in day. In addition, we also urge you to ensure that all off-market instructions for transfers are received by us at least 24 hours prior to the execution date.
  • STT, GST and all other applicable statutory taxes will be charged as per prevailing applicable rates.
  • Charges to be billed on a monthly basis.
  • In case client has opted for special scheme where Demat AMC is less than the BSDA AMC, then Demat AMC as per billing scheme will be charged.
  • CAS charges on actual as per NSDL i.e. Rs.0.75 for email CAS and Rs.8 for Physical CAS. We recommend to opt of email CAS

Other Charges

Schedule of Charges for Other Services
No Service Charges
1 Auction Charges On actuals (subject to minimum of ` 20 per auction)
2 Cheque processing charges ` Rs. 50 + GST on every cheque deposit/withdrawal
3 Research Call on SMS Monthly Plan Yearly Plan
a Fundamental Calls Rs.100/- Rs.1000/-
b Technical Calls Rs.100/- Rs.1000/-
c Combined (Fundamental+ Technical calls) Rs.150/- Rs.1500/-
4 Password Printing and Dispatch Charges ` 100 per request + ` 50 courier charges
5 Product Change Charges ` 100
6 Contract Note (Digital) Free
7 Duplicate Hard Copy Contract Note on Client Request `50+ GST per trading day
8 Digital Copy (Email) Contract Note for Current/Previous Financial Year Free
9 Digital Copy (Email) Contract Note for years prior to Previous Financial Year ` 200 per year per request
10 Inter-Settlement Charges 0.04% of transaction value (subject to minimum of ` 20)
11 Statement Request
a Hard Copy ` 200 per statement per year + ` 50 courier charges
b Digital Copy/Email for Previous/Current Financial Year Free
c Digital Copy for prior to Previous Financial Year ` 200 per statement per year
12 Fund Transfers through Payment Gateway
a Kotak 3-in-1 Account (Trinity a/c) Free
b via Bank Payment Gateway ` 9

GST and all other applicable statutory taxes will be charged as per prevailing applicable rates, over and above the charges mentioned in the table.

Plan Fee

One-time fee
During Account opening Rs.99 incl. of GST
Existing clients Rs.499 + GST

Brokerage & Interest Rates

Brokerage FREE

Equity 0.25%

Brokerage of 0.01% will be levied in case of Liquid bees and Liquid ETFs and 0.1% for Nifty ETF.
1 Intraday trades are trades which are squared off on the same day and for which you would be required to provide at least exchange prescribed margins. The choice to square off the trade is at your discretion. You can easily hold the trade by paying a flat brokerage of ` 20 per executed order.


Description Interest Rates
Outstanding Debit Balance on Margin Trading Facility (MTF) 0.049%per day
Stock used as Margin for Derivative Trades
  • For Intraday Trades – 0% per day
  • Carry Forward Derivative Trades (only on collateral limits used above 50% of total margin required)– 0.049%per day
Other Debit Balance 0.049%per day

Note: Interest would be charged on a monthly basis

  • Minimum brokerage of ` 20 per executed order will be charged for Equity Delivery transactions.
  • Expiry/ exercise or assignment trades will be charged ` 20 per executed order.
  • Additional brokerage of maximum ` 90 per executed order will be charged for orders placed through dealers/customer service executives and trades squared off by Kotak Securities.
  • Processing fee for Securities Lending & Borrowing Mechanism (SLBM) will be 15% of lending & borrowing fee, subject to minimum of 10 paise per share.
  • For all free intraday trades, a nominal charge of 1 paisa per scrip/underlying will apply.
  • Brokerage will not exceed the rates specified by SEBI and the Exchanges.
  • STT, CTT, GST and all other applicable exchange/ regulatory/ statutory charges/ taxes will be levied as per applicable rates.

Taxes and Regulatory Charges

Equity Delivery 0.1% (both sides)
Equity Intraday 0.025% (sell side)
Equity Futures 0.0125% (sell side)
Equity Options 0.05%(sell side)
Currency Futures Nil
Currency Options Nil
Commodity Futures 0.01% (Sell side)
Commodity Options 0.05% (sell side)
*The Transaction charges are inclusive of NSE IPFT (Investor Protection Fund) charges

Equity Delivery NSE: 0.00335% / BSE 0.00375%
Equity Intraday NSE: 0.00335% / BSE 0.00375%
Equity Futures NSE: 0.002%
Equity Options NSE: 0.0505% on Premium
Currency Futures NSE: 0.00095%, BSE: 0.00022%
Currency Options NSE: 0.037%, BSE: 0.001%
Commodity Futures MCX (for Agri & Non Agri): 0.0026% NCDEX: 0.006%
Commodity Options 0.05% for MCX and 0 for NCDEX
Note: Additional Transaction charges : 0.10% for trades in “X”,”XT” & “Z” group stocks & 1% additional in case of “P” group stocks (BSE).

Equity Delivery 0.015% or `1500 / crore on buy side
Equity Intraday 0.003% or `300 / crore on buy side
Equity Futures 0.002% or `200 / crore on buy side
Equity Options 0.003% or `300 / crore on buy side
Currency Futures 0.0001% or `10 / crore on buy side
Currency Options 0.0001% or `10 / crore on buy side
Commodity Futures 0.002% or `200 / crore on buy side
Commodity Options 0.003% or `300 / crore on buy side

Securities Transaction Tax (STT)

STT is levied by the government on transactions executed through stock exchanges. It is charged on both buy and sell transactions in the equity delivery segment. It is charged only on the sell transaction in intraday trades and Futures & Options segment.

SEBI charges

Charged at ` X per crore of the transaction value by Securities and Exchange Board of India for carrying out regulatory duties.

Commodities Transaction Tax (CTT)

CTT is similar to STT and is levied on exchange-traded commodity derivatives in India.

Stamp charges

Charged by the government for transacting in instruments on stock exchanges and depositories.

Transaction charges + Clearing charges

Transaction charges are levied by the exchanges while clearing charges are levied by the Clearing Member. Clearing charges are levied for settling all Currency Derivatives Segment & Multi Commodities Exchange trades.

GST

Goods & Services Tax (GST) is levied on brokerage + transaction charges at 18%.

Demat Charges

Schedule of Demat Charges

Charges ` 150 per certificate + ` 50 per request (courier charges)

Charges ` 10 for 100 securities (shares, bonds, mutual fund units, etc.; subject to minimum of ` 15)

DP Transaction Charges - Market & Off-Market Trades

Charges Nil

Charges 0.04% of the value of securities (subject to minimum of ` 20)

Annual Maintenance Charges (AMC)

Charges
  • Holding value of securities ₹0 or <=₹50,000 : No AMC
  • Holding value of securities > ₹50,000 & <= ₹2 lakh : ₹100 AMC

Charges
  • Holding value of securities <=₹10,000
    (basis maximum value during the month): No AMC
  • Holding value of securities > ₹10,000: ₹50 per month

Charges Nil

Charges ` 100 per DIS booklet + ` 50 courier charges

Pledge Charges (For margin purpose)
(for trading in Equity [including MTF], Derivatives, Currency & Commodities)

Charges ` 20 per ISIN

Charges ` 20 per ISIN

Charges ` 20 per ISIN

Pledge Charges (For non-margin purpose)
(for all other purposes except the above. For example: Loan against securities etc.)

Charges 0.05% of the value of securities (subject to minimum of ` 30)

Charges 0.04% of the value of securities (subject to minimum of ` 30)

  • Value of transaction will be in accordance with rates provided by the Depository or actual transaction value, whichever is higher
  • To adhere to regulatory guidelines, please place all market instructions for transfers with Kotak Securities latest by 4.00 p.m., at least one working day prior to the pay-in day. In addition, we also urge you to ensure that all off-market instructions for transfers are received by us at least 24 hours prior to the execution date.
  • STT, GST and all other applicable statutory taxes will be charged as per prevailing applicable rates.
  • Charges to be billed on a monthly basis.
  • In case client has opted for special scheme where Demat AMC is less than the BSDA AMC, then Demat AMC as per billing scheme will be charged.
  • CAS charges on actual as per NSDL i.e. Rs.0.75 for email CAS and Rs.8 for Physical CAS. We recommend to opt of email CAS

Other Charges

Schedule of Charges for Other Services

Charges On actuals (subject to minimum of ` 20 per auction)

Charges ` 350 + Bank Charges

Charges As per website

Charges ` 100 per request + ` 50 courier charges

Charges ` 100

Charges Free

Charges `50+ GST per trading day

Charges Free

Charges ` 200 per year per request

Charges 0.04% of transaction value (subject to minimum of ` 20)

Statement Request

Charges ` 200 per statement per year +` 50 courier charges

Charges Free

Charges ` 200 per statement per year

Fund Transfers through Payment Gateway

Charges Free

Charges ` 9

GST and all other applicable statutory taxes will be charged as per prevailing applicable rates, over and above the charges mentioned in the table.

Frequently Asked Questions (FAQs)

Trade Free Plan is a simplified brokerage plan offered by Kotak Securities. Here's what you get with this plan:

  • Free Intraday Trades

    You can enjoy zero brokerage for intraday trades across all segments - Equity (Cash), Equity Derivatives (F&O), Currency and Commodity.

  • Equity Delivery Trades

    Brokerage for delivery trades in Equity (Cash) will be charged at 0.25% of the transaction value. This brokerage is subject to a minimum brokerage of ` 20 per executed order.

  • Top Stock Picks

    With the Trade Free brokerage plan, you also get access to in-depth research and stock picks from our experienced team of analysts.

No brokerage is charged for intraday trades for which you provide at least the exchange-prescribed margins. However, in order to adhere to statutory requirements, a nominal brokerage of only 1 paisa per scrip/underlying would be charged.

Not at all. The choice to square off the trade is at your discretion. You can convert the order from intraday to delivery (Cash segment) or carry-forward (Futures & Options segment). To do so, you need to pay just a flat brokerage of ` 20 per executed order for Futures & Options position and 0.25% of the transaction value for Cash segment position.

New customer during account opening needs to pay a one-time subscription fee of Rs.99+GST.

Existing customers to pay One time subscription fee of Rs.499+ GST.

Path to subscribe to the plan : https://www.kotaksecurities.com/trade/login > More > Plans & Subscriptions > Trade Free Plan > Subscribe now

Click on the button below and login:-

UPGRADE NOW

This is a one-time subscription plan. It will remain valid until the plan is discontinued or you choose to switch to a different plan.

No, there are NO renewal fees for this plan.

No, there is no capping. With the Trade Free Plan, you can enjoy unlimited zero brokerage intraday trades across segments.

For prospective customers, trade free plan is currently available only for Resident Indians (Individuals &Non-Individuals)

All existing customers are eligible to upgrade to the Trade Free Plan, except the following:

1. Non Resident Indian (NRI) customers

2. Customers who belong to 'Offline' customer type

3. Kotak Securities employees

4. Customers who are currently part of any one of the following brokerage plans:

a. Advanced Brokerage Plan

b. Differential Brokerage Plan

5. Franchisee Clients

A dealer-assisted trade is one in which the trade order is placed by a Kotak Securities dealer/customer service executive/ authorised person (AP) as instructed by the client. This would incur an additional feeof maximum `90. per executed order (Subject to maximum of 2.5% regulatory allowed brokerage).

Note: This additional fee will also apply to auto square off trades (positions closed by the system in case of high exposure trades, or liquidation by our Risk Management System due to any reason). )

No. In order to enjoy free intraday trading, both legs of an intraday trade need to be executed by the client (self-generated trades) through our online trading platforms only.

In this scenario, the free intraday trading benefit would not be applicable. A flat brokerage of ` 20 per executed order would be charged for orders placed online (leg one). And ` 70 would be charged for the order placed through the dealer/customer care executive (leg two) (Subject to maximum of 2.5% regulatory allowed brokerage).

No, it won't qualify for zero brokerage. In this case, each leg of the trade will be charged ` 20 per executed order. Any modification done by the dealer/customer care executive will incur an additional charge of ` 50 per executed order.(Subject to maximum of 2.5% regulatory allowed brokerage)

Expiry/exercise or assignment trades will be charged ` 20 per executed order.

If a position is liquidated by the RMS in case of margin or debtors shortfall , additional brokerage of Rs.100 per executed order will be charged over and above the brokerage rate.(Subject to maximum of 2.5% regulatory allowed brokerage)

Any request for activaton received before 3:30 PM on a working day would be processed the same day. Requests received after 3:30 PM on a working day, would be processed on the next working day.