Trade Free Youth

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

#GiveNoBucks

#GiveNoBucks

 

Zero for Delivery Trades

 

Zero for Intraday and F&O Trades

 

Zero for IPO and Mutual Funds

Subscription fee for the 1st year @ ₹299

Subscription fee @ Rs299

Charges

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

Account Opening Fee

Account opening FEE : 0 
Subscription FEE: Rs.299 incl. of gst (Limited period offer for 1st year only)
Plan will be valid for a period of 2 years only. Trade Free plan applicable from 3rd year

Brokerage

Charge Head Brokerage
Intraday* (All Segments) FREE
Delivery (All Segments) FREE
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.
Description Interest Rates
Outstanding Debit Balance on Margin Trading Facility (MTF) 12.99% per annum
Stock used as Margin for Derivative Trades
  • Intraday Trades – 0% p.a.
  • Carry forward derivative trades – 16.99% p.a. (only on the non- cash collateral limits used above 50% of the total margin requirement).
Other Debit Balance 17.99% p.a.
No interest on Liquid Funds and Liquid BeES as collateral  

Note: Interest would be charged on a monthly basis

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) 0.01% (sell side) 0.05% (sell side) Nil Nil 0.01% (Sell side) 0.05% (sell side)
Transaction
charges
NSE: 0.00345% BSE: 0.00345% NSE: 0.00345% BSE: 0.00345% NSE: 0.002% NSE: 0.053% on Premium NSE: 0.00095%, BSE: 0.00022% NSE: 0.035%, BSE: 0.001% MCX (for Agri & Non Agri): 0.0026% NCDEX: 0.0055% 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 `10 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%.

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 than Rs. 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)
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)
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)

  • 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 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.

Account Opening Fee

Plan will be valid for a period of 2 years only. Trade Free plan applicable from 3rd year

Brokerage & Interest Rates

Brokerage FREE

Brokerage FREE

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.


Description Interest Rates
Outstanding Debit Balance on Margin Trading Facility (MTF) 12.99% per annum
Stock used as Margin for Derivative Trades
  • For Intraday Trades – 0% p.a.
  • Carry Forward Derivative Trades (only on collateral limits used above 50% of total margin required) – 16.99% p.a.
Other Debit Balance 17.99% per annum
No Interest on Liquid Funds and Liquid BeEs as Collateral

Note: Interest would be charged on a monthly basis

Taxes and Regulatory Charges

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: 0.00345% BSE: 0.00345%
Equity Intraday NSE: 0.00345% BSE: 0.00345%
Equity Futures NSE: 0.002%
Equity Options NSE: 0.053% on Premium
Currency Futures NSE: 0.00095%, BSE: 0.00022%
Currency Options NSE: 0.035%, BSE: 0.001%
Commodity Futures MCX (for Agri & Non Agri): 0.0026% NCDEX: 0.0055%
Commodity Options Waived off by Exchange
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

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

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)

Charges ` 20 per ISIN

Charges ` 20 per ISIN

Charges ` 20 per ISIN

Pledge Charges (For non-margin purpose)

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 ` 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)

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) on Trade Free Youth

We at Kotak Securities understand how you feel about investing, your fears, and willingness to take risks. As a result, we've developed a brokerage plan just for you: Trade Free Youth. Through this plan anyone under the age of 30 can trade in any segment at ZERO brokerage.

To Activate this plan, you have to pay a subscription fee of Rs.499 p.a.(Incl. of Gst) We have ensured that you have to pay no brokerage charges but you might have to incur other basic DP / regulatory charges which can be viewed above

We have specifically crafted this plan for our clients below the age of 30, after understanding their investment philosophy, saving patterns and risk taking ability. If your friend is below 30, yes, you can refer it to them.

Unfortunately no. This plan does not apply to any of the below listed individuals (barring the age criteria):

  • Kotak Securities employees

  • NRIs

  • Non-individual customers

  • Advanced Brokerage Plan clients

  • Differential Brokerage Plan clients

  • Offline customers

  • Franchisee clients

In case your friend is still looking to invest, the person can get in touch with our customer care service 1800 209 9191 or drop us a whatsapp at 77389 88888

Yes. This plan is valid for a period of 2 years post which you will be shifted to the Trade Free Plan.

Where as the brokerage charge on trades is zero, if you place an order through a dealer, yes, you will have to incur a charge of Rs. 49 per traded order (Subject to minimum of 2.5% regulatory allowed brokerage).

Securities Loan & Borrowing Mechanism (SLBM) stands for Securities Lending & Borrowing Mechanism, and YES, you will be charged a very low lending and borrowing fee, as well as a minimum cost of 10 paise per share. It is only applicable to SLBM orders and does not apply to any other orders.

No. Even if you turn 30 the day after you subscribe, you will be locked into this plan for the next two years.

If you already have an account with Kotak Securities, then you can login to the website and follow the below steps:-

  • Login to website, click on more, new launches, and select Trade Free Youth, Subscribe now

  • Kotak stock trader mobile app: login, go to MORE, Trade Free Youth, subscribe now

  • In case if you are opting through old website mode, login, new products, Trade Free Youth, subscribe now.

    If you don’t have an account with Kotak Securities, please open an account and select the Trade Free Youth while choosing a plan.

Yes, you can shift to Trade Free or Trade Free max products from the post login section. Unfortunately, you will not be eligible for a refund of the subscription fees you have paid for Trade Free Youth Plan. If you have any questions or would want to learn more about our other products, please contact our customer service representative at +91 1800 209 9191 or send a Whatsapp on 77389 88888 number.

Yes, we'd be delighted if any of your friends choose this option. We believe that investment should not be limited to anyone; therefore, this plan is open to everyone under the age of 30. This plan, we're confident, will be a critical first step in starting your financial path and building wealth. If you'd like to recommend it to a friend, please use the referral link

Under this plan your brokerage charges are free of cost, however, all other charges are applicable and can be viewed here

Unfortunately, you will not be able to continue with this plan because it is only valid for two years after which we will automatically switch you to our Trade Free plan

You can find all the details about the Trade-free plan here .

Yes, you can opt to the Trade Free Youth by logging in to the website.

It is very easy to subscribe for the Trade Free Youth Plan , Kindly follow the below steps :

Website

  • 1.Login
  • 2.Click on ‘More’
  • 3.New launches
  • 4.Trade Free Youth
  • 5.Subscribe Now
  • To subscribe through ‘Old View’

  • 1. New Products
  • 2. Trade Free Youth
  • 3. Subscribe Now
  • For the app

  • 1.Login
  • 2.Click on ‘More’
  • 3.Trade Free Youth
  • 4.Subscribe Now