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For existing customer only

Trade Free Max

Experience our margin trading facility at low interest rates by switching to Trade Free Max.

2499
+ GST
0.028%Interest per day for MTF
₹0Brokerage on all Intraday trades
Open Demat Account
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Account opening fee

₹0

Subscription fee

₹2499+GST p.a.

Switching fees for existing clients

₹2499+ GST p.a.

Brokerage and Interest Rates
Brokerage
All Intraday Trades

₹0

Stock Delivery

0.25% or ₹20 whichever is higher

All carry forward F&O Trades

₹20 per order

All Liquid ETFs (Delivery trades)

0.01% of the transaction value

All other ETFs (Delivery Trades)

0.05% of the transaction value

Interest Charges
Interest on Margin Trading Facility (MTF)

0.028% per day

Interest on outstanding debit balance

0.049% per day

Stock used as margin for derivative trades, if 50:50 cash and collateral

0.00%

If non cash collateral margin > 50%

0.049% per day

Schedule of demat charges
Dematerialisation

₹150 per certificate + ₹50 per request (courier charges)

Rematerialisation

₹10 for 100 securities (shares, bonds, mutual funds units, etc, subject to minimum of ₹15)

Dp transaction charges - Market & off-market trades
Credit transactions (buy)

NIL

Debit transactions (sell)

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

Account Maintenance charges
FOR BSDA CLIENTS
Holding value of securities if less than or equal to ₹50k

₹0

If more than ₹50k & less than or equal to ₹2 lacs

₹100+GST p.a

If greater than ₹.2 lacs

₹50+GST per month (Account will convert to Non BSDA)

FOR NON BSDA CLIENTS
Holding value of securities if less than or equal to ₹1000

₹0

If greater than ₹1000

₹50+GST per month

Holding value will be considered basis max value during the month.

Pledge Charges for margin purpose- Trading in Equity [including MTF], Derivatives, Currency & Commodities
Request

₹20 per ISIN

Invocation

₹20 per ISIN

Release (Un-pledge)

₹20 per ISIN

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

0.05% of the value of securities (Subject to minimum of ₹30)

Invocation

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

Equity Delivery
Transaction Charges

NSE: 0.00335%
BSE: 0.00375%

STT (as per exchange)

0.1% (on both sides)

Stamp Charges (As per State, on buy side only)

0.015% or Rs.1500/crore

Equity Intraday
Transaction Charges

NSE: 0.00335%
BSE: 0.00375%

STT (as per exchange)

0.025% (sell side)

Stamp Charges (As per State, on buy side only)

0.003% or Rs.300/crore

Equity Futures
Transaction Charges

NSE : 0.002%
BSE: 0%

STT (as per exchange)

0.0125% (sell side)

Stamp Charges (As per State, on buy side only)

0.002% or Rs.200/crore

Equity Options
Transaction Charges

NSE : 0.0505% on Premium
BSE : 0.005% on Premium

STT(as per exchange)

0.0625% (sell side)

Stamp Charges (As per State, on buy side only)

0.003% or Rs.300/crore

Currency Futures
Transaction Charges

NSE : 0.00095%
BSE: 0.00022%

STT (as per exchange)

NIL

Stamp Charges (As per State, on buy side only)

0.0001% or Rs.10/crore

Currency Options
Transaction Charges

NSE : 0.037%
BSE: 0.001%

STT (as per exchange)

NIL

Stamp Charges (As per State, on buy side only)

0.0001% or Rs.10/crore

Commodity Futures
Transaction Charges

MCX (For agri & non agri) : 0.0026%
NCDEX : 0.006%

CTT (as per exchange)

0.01% (sell side)

Stamp Charges (As per State, on buy side only)

0.002% or Rs.200/crore

Commodity Options
Transaction Charges

MCX : 0.05%
NCDEX: 0%

CTT (as per exchange)

0.05% (sell side)

Stamp Charges (As per State, on buy side only)

0.003% or Rs.300/crore

GST

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

SEBI charges

Charged at ₹10 per crore of the transaction value by Securities and Exchange Board of India for carrying out regulatory duties.

Please note for scrip category ‘X’, ‘XT’ and ‘Z’, an additional transaction charge of 0.10% + GST and for ‘P’ & ‘ZP’ scrip category, 1% +GST will be levied on the total transaction value.

Funds Transfer charges
MODE OF TRANSFER
UPI

FREE

Linked Kotak 3 in 1 account

FREE

Via Net banking gateway

₹7+GST

Statements and Reports
Contract note (Digital)

FREE

Duplicate hard copy contract note on client request

₹50 + GST per trading day for which contract notes have been requested

Digital copy (email) contract note for current /previous financial year

FREE

Digital copy (email) contract note for years prior to previous financial year

₹200 per year request

Holding Statement Soft copy via email (any time period)

FREE

Holding Statement Hard copy

₹200 per statement per year + ₹50 courier charges

Digital copy for prior to previous financial year

₹200 per statement per year

Other Services
Auction charges

On actuals or ₹25 per auction (W.I.H)

Cheque Processing charges

₹50+ GST (for every cheque deposit or withdrawal)

Cheque bounce charges

Online : ₹350 + bank charges
Offline : ₹500 + bank charges

Password printing and dispatch charges

₹25

Call & trade charges per call

Max ₹89 + GST per executed order

Still have questions?

The Trade Free Max Plan from Kotak Securities offers best interest and brokerage rates as below:

  • Free Intraday Trades across all segments.
  • Delivery Trades:Equity (Cash) - 0.25% of the transaction value, subject to a minimum brokerage of ₹20/- per executed order.
  • All carry forward F&O, Commodity and Currency trades at ₹20/- per executed order
  • Margin Trading Facility (MTF)* with interest rates at 0.028% interest per day.

For existing customers, the steps are as follows: Visit www.kotaksecurities.com - login to trade - New products - Trade Free Max Plan – click on ‘Get Trade Free Max Plan now’ – click on confirm to subscribe or on

The charges are ₹2,499/- + GST per annum.

Post availing this plan, only after the first successful Margin Trading order, a sum of ₹2,499/- + GST would be debited from the client’s trading account.

The Trade Free Max plan is currently available only for Resident Indians (Individuals) except the following categories:-

  1. Non-Resident Indian (NRI) customers
  2. Customers who belong to 'Offline' customer type
  3. Kotak Securities employees
  4. Franchisee Clients

In such a case, the subscription fee of ₹2,499/- plus GST will not be charged as it is charged on the first successful execution of MTF trade, but brokerage charges will be levied as follows:

  • Free Intraday Trades across all segments
  • Delivery Trades: Equity (Cash) - 0.25% of the transaction value, subject to a minimum brokerage of ₹20/- per executed order.
  • All carry forward F&O,Commodity and Currency trades at ₹20/- per executed order

A dealer assisted trade is one in which a Kotak Securities representative places a trade order on behalf of a client as per his/her instructions. This would incur an additional fee as follows:-

  • If one leg Intraday trade placed by a client and 2nd leg through a dealer : Rs.20 on self-trade on Rs.69 on dealer assisted trade will be charged
  • If both leg intraday trades placed by a dealer : Rs.138 will be charged (i.e. Rs. 69 on each leg)
  • If one leg or both leg delivery trades placed by a dealer : Rs.69 on each leg will be charged in addition.
  • If position liquidated by risk team : Rs.69 per order will be charged in addition.

MTF lets you trade even with limited funds. It lets you buy select stocks by paying only a fraction of the total amount upfront, and the rest can be borrowed from us. To know more, kindly Click here

The charges would be Rs.50+GST for every cheque deposit/withdrawal.

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)

Open Demat Account
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Open Demat Account
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