Intraday Trades -
All Segments
Zero brokerage for intraday trades across Cash, Futures & Options, Currency & Commodity
All other F&O Trades
Flat fee of `20 per executed order
Equity & Commodity Delivery
Equity & Commodity Delivery at just 0.25% of transaction value
Start Trading in 60 minutes
| Trade Free Plan Rs. 499/- NOW FREE |
|---|
| Enjoy zero account opening charges. Offer valid for limited period |
| Charge Head | Brokerage |
|---|---|
| Intraday1 (All Segments) | FREE |
| Delivery (Equity, Commodity) | 0.25% |
| 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 Futures & Options position, you can do the same by paying a flat brokerage of ` 20 per executed order. | |
| Description | Interest Rates |
|---|---|
| Stock used as Margin for Derivative Trades | 8.99% per annum |
| Outstanding Debit Balance on Margin Trading Facility (MTF) | 11.49% per annum |
| Other Debit Balance | 17.99% per annum |
Note: Interest would be charged on a monthly basis
| 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) | 0.01% (sell side) | 0.05% (sell side) | Nil | Nil | 0.01% (Sell side) | 0.05% (sell side) |
| Transaction charges |
NSE: 0.00325% BSE: 0.00325% | NSE: 0.00325% BSE: 0.00325% | NSE: 0.0019% | NSE: 0.05% on Premium | NSE: 0.0009%, BSE: 0.00022% | NSE: 0.035%, BSE: 0.001% | MCX (for Agri & Non Agri): 0.0026% NCDEX: 0.006% | Waived off by Exchange |
| 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 |
| Investor Protection Fund |
0.00001% | Nil | 0.0001% | 0.001% | 0.00005% | 0.002% | Nil | Nil |
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 `5 Per Crore (for Non Agri commodities only) 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%.
| 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) | ` 50 per month |
| 5 | Charges for Client Master Report changes (Applicable for Email/ Address/ Mobile/ Bank) | ` 50 per modification request |
| 6 | Delivery Instruction Slip (DIS) - Reissuance | ` 100 per DIS booklet + ` 50 courier charges |
| 7 | Pledge Charges (For margin purpose) | |
| a | Request | ` 20 per ISIN |
| b | Invocation | ` 20 per ISIN |
| c | Release (Un-pledge) | ` 20 per ISIN |
| 8 | Pledge Charges (For non-margin purpose) | |
| 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) |
| Schedule of Charges for Other Services | ||
| No | Service | Charges |
|---|---|---|
| 1 | Auction Charges | On actuals (subject to minimum of ` 20 per auction) |
| 2 | Cheque Bounce Charges | ` 350 + Bank Charges |
| 3 | Research Call on SMS | As per website |
| 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 | ` 20 per contract note + ` 50 courier charges |
| 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.
| Enjoy zero account opening charges. Offer valid for limited period |
| Brokerage | FREE |
| Equity, Commodity | 0.25% |
| 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 |
|---|---|
| Stock used as Margin for Derivative Trades | 8.99% per annum |
| Outstanding Debit Balance on Margin Trading Facility (MTF) | 11.49% per annum |
| Other Debit Balance | 17.99% per annum |
Note: Interest would be charged on a monthly basis
| Equity Delivery | 0.1% (both sides) |
| Equity Intraday | 0.025% (sell side) |
| Equity Futures | 0.01% (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) |
| Equity Delivery | NSE: 0.00325% BSE: 0.00325% |
| Equity Intraday | NSE: 0.00325% BSE: 0.00325% |
| Equity Futures | NSE: 0.0019% |
| Equity Options | NSE: 0.05% on Premium |
| Currency Futures | NSE: 0.0009%, BSE: 0.00022% |
| Currency Options | NSE: 0.035%, BSE: 0.001% |
| Commodity Futures | MCX (for Agri & Non Agri): 0.0026% NCDEX: 0.006% |
| Commodity Options | Waived off by Exchange |
| 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 |
| Equity Cash | 0.00001% |
| Equity Intraday | Nil |
| Equity Futures | 0.0001% |
| Equity Options | 0.001% |
| Currency Futures | 0.00005% |
| Currency Options | 0.002% |
| Commodity Futures | Nil |
| Commodity Options | Nil |
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
| 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) |
| Charges | Nil |
| Charges | 0.04% of the value of securities (subject to minimum of ` 20) |
| Charges | ` 50 per month |
| Charges | ` 50 per modification request |
| Charges | ` 100 per DIS booklet + ` 50 courier charges |
| Charges | ` 20 per ISIN |
| Charges | ` 20 per ISIN |
| Charges | ` 20 per ISIN |
| 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) |
Other Charges
| 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 | ` 20 per contract note + ` 50 courier charge |
| Charges | Free |
| Charges | ` 200 per year per request |
| Charges | 0.04% of transaction value (subject to minimum of ` 20) |
| Charges | ` 200 per statement per year + ` 50 courier charges |
| Charges | Free |
| Charges | ` 200 per statement per year |
| 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.
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 and Commodity Delivery Trades
Brokerage for delivery trades in Equity (Cash) and Commodity segment 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.
Enjoy zero account opening charges. Offer valid for limited period
To upgrade to the new Trade Free Plan, existing customers can login and visit New Products > Trade Free Plan. Or simply click on the Upgrade Now button below and login.
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).
All existing customers are eligible to upgrade to the Trade Free Plan, except the following:
1. Customers who have Demat account other than Kotak Securities Demat account
2. Non Resident Indian (NRI) customers
3. Customers who belong to 'Offline' customer type
4. Kotak Securities employees
5. Customers who are currently part of any one of the following brokerage plans:
a. Silver, Gold or Platinum Brokerage Plan
b. Advanced Brokerage Plan
c. Differential Brokerage Plan
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 fee of ` 50. per executed order.
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).
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.
Expiry/exercise or assignment trades will be charged ` 20 per executed order.
In case a position is liquidated by the RMS, additional brokerage of ` 50 per executed order will be charged over and above the brokerage rate.
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.
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KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary. Attention Investors Prevent Unauthorized Transactions in your demat / trading account --> Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors. Circular No.: NSDL/POLICY/2014/0094, NSE/INSP/27436, BSE - 20140901-21
Kindly note that as per NSE circulars nos: NSE/INVG/36333 dated November 17, 2017, NSE/INVG/37765 dated May 15.2018 and BSE circular nos: 20171117-18 dated November 17, 2017, 20180515-39 dated May 15.2018, trading in securities in which unsolicited messages are being circulated is restricted. The list of such stocks are available on the website of NSE & BSE. In case of any queries, request you to kindly get in touch with Customer Service on 18002099191/9292
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The Stock Exchange, Mumbai is not in any manner answerable, responsible or liable to any person or persons for any acts of omission or commission, errors, mistakes and/or violation, actual or perceived, by us or our partners, agents, associates etc., of any of the Rules, Regulations, Bye-laws of the Stock Exchange, Mumbai, SEBI Act or any other laws in force from time to time. The Stock Exchange, Mumbai is not answerable, responsible or liable for any information on this Website or for any services rendered by our employees, our servants, and us.
Please do not share your online trading password with anyone as this could weaken the security of your account and lead to unauthorized trades or losses. This cautionary note is as per Exchange circular dated 15th May, 2020.
Note: NSDL and CDSL have mapped Unique Client Codes (UCC) to demat accounts based on PAN, refer NSDL and CDSL circulars. Format for linking/delinking the UCC: NSDL: link | CDSL: link.
Clients are required to keep all their account related information up-to-date including details like email id, mobile number, address, bank details, demat details, income details etc. which will help the client to timely receive any information and to avail the various facilities relating to the Trading and Demat account. To update the details, client may get in touch with our designated customer service desk or approach the branch for assistance.
Investor Awareness regarding the revised guidelines on
margin collection:-
Attention Investors :
1. Stock Brokers can accept securities as margin from
clients only
by way of pledge in the depository system w.e.f. September 1,
2020.
2.
Update your mobile number & email Id with your
stock broker/depository participant and receive OTP directly
from depository on your email id and/or mobile number to create
pledge.
3. Pay 20% upfront margin of the
transaction value to trade in cash market segment.
4.
Investors may please refer to the Exchange's
Frequently Asked Questions (FAQs) issued vide circular
reference NSE/INSP/45191 dated July 31, 2020, notice no.
20200731-7 dated July 31, 2020 and NSE/INSP/45534 dated August
31, 2020, notice no. 20200831-45 dated August 31, 2020
and other guidelines issued from time to time in this regard.
5.
Check your Securities /MF/ Bonds in the consolidated account
statement issued by NSDL/CDSL every month.
.......... Issued in the interest of Investors
Covid-19 impact to clients:-
1. Applicable
to clients on whose email id contract notes and other statements
get bounced or who have opted for Physical contract notes/ other
statements or Digital and Physical contract notes/ other
statements :Due to the nationwide lockdown, we are unable send
physical contract notes and other statements. To view them, log
into
www.kotaksecurities.com
2. Kindly update your email id with us to receive
contract notes/various statements electronically to avoid any
further inconvenience.
3. We are unable to issue the
running account settlement payouts through cheque due to the
lockdown. We request you to update your Bank account details to
facilitate direct transfer to your linked bank account. You may
approach our designated customer service desk or your branch to
know the Bank details updation procedure.
4. Exchange
advisory: Investors are advised to exercise caution while taking
investment decisions in these unpredictable times. Clients are
also encouraged to keep track of the underlying physical as well
as international commodity markets. Clients are advised to
undertake transactions after understanding the nature of the
contractual relationship into which they are entering and the
extent of its exposure to risk. Clients are further advised to
follow sound risk management practices and not to be carried
away by unfounded rumors, tips etc.
Important Update on PAN-Aadhaar linking: Kindly note that the deadline to link Aadhaar to PAN has been extended till 30th June, 2021. Read the notification here. In case of any queries, start instant Chat with our Customer Service team or WhatsApp 'Hi' on 77389 88888 or email us at kscustomer.communications@kotak.com.
Filling complaints on SCORES- Easy & Quick
a. Register on SCORES portal | b. Mandatory
details for filling complaints on SCORES i. Name,
PAN, Address, Mobile Number, E-mail ID | c.
Benefits: i. Effective Communication ii.
Speedy redressal of the grievances
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Registered Office: 27 BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai 400051. Telephone No.: +22 43360000, Fax No.: +22 67132430. Correspondence Address: Infinity IT Park, Bldg. No 21, Opp. Film City Road, A K Vaidya Marg, Malad (East), Mumbai 400097. Telephone No: 42856825.
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NSDL/CDSL: IN-DP-NSDL-23-97