Kotak Securities Brokerage Charges, AMC and Trading Charges and overview - We have divided this section in 3 parts. In the first part, we have explained about the Kotak Securities Trading Account Opening Charges and AMC (if any charged by the broker). In the second part, we have discussed in detail about Kotak Securities Brokerage Plan/ Trading Plan. In case broker support multiple plans its explained in this section. In the third part, we have covered brokerage charges,charges list by each segment, which includes – Equity Delivery, Intraday, F&O, Currency Derivatives and Commodities. We have also covered Kotak Securities Demat Account Opening Charges & AMC, and complete Kotak Securities Demat Charges in detail.
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Trading Account opening is one time fee that Kotak Securities charge while initiate your account opening process. Trading AMC (Annual maintenance Charges) is an annual fee charges by Kotak Securities to maintain your account. This is the annual charges and deduct from your account even if you haven't trade for a year. Usually Trading account AMC is free. Kotak Securities Trading Account Opening Charges is Rs 750 and AMC is Free.
| Seq No. | Transaction | Duration | Fee |
|---|---|---|---|
| 1. | Trading Account Opening Charges | One Time | Rs 750 |
| 2. | Trading Annual Maintenance Charges(AMC) | Yearly Fee | Free |
This plan suits newbies as the brokerage is fixed irrespective of the volume of trade. Call & Trade facility is free for first 20 calls. From the 21st call, Rs 20 per call is charged. Not suited for Option Trading as brokerage is really high for it.
| Segment | Value |
|---|---|
| Plan Name | Fixed Brokerage Trading Plan (Percentage Based) |
| Flat Fee | NA |
| Equity Delivery | 0.49% or 49 paisa |
| Equity Intraday | 0.049% or 5 paisa |
| Equity Futures | 0.049% or 5 paisa |
| Equity Options | Rs 300 Per Lot |
| Currency Futures | .02% or Rs. 10 per lot whichever is higher |
| Currency Options | Rs 10 Per Lot |
| Commodity | NA |
Please refer our unique and accurate Kotak Securities Brokerage Calculator. We have covered each charges including stamp duty by state also to match your contract note.
Kotak Securities Equity Brokerage Charges (Equity Delivery Brokerage, Equity Intraday Brokerage, Options Brokerage and Futures Brokerage) is the total trading cost that a client has to bear for trading in equity. It is calculated by sum up all the taxes and charges that is levied on top of your brokerage. The charges and taxes are Brokerage, Transaction charges, STT or Securities Transaction Charges, GST, Stamp Duty and SEBI Charges. There is difference in Equity Delivery, Equity Intraday, Equity Futures & Equity Options trading cost. Please refer the details below:
| Type | Equity Delivery | Equity Intraday | Equity Futures | Equity Options |
|---|---|---|---|---|
| Brokerage | 0.49% or 49 paisa | 0.049% or 5 paisa | 0.049% or 5 paisa | Rs 300 Per Lot |
| Transaction Charges | Rs 325 Per Cr | Rs 325 Per Cr | Rs 190 Per Cr | Rs 5000 Per Cr |
| STT | 0.01% on Both Side(Buy and Sell) | 0.025% on Sell | 0.01% on Sell | 0.017% on Sell |
| Stamp Duty* | 0.01% subject to a maximum of Rs 50 - Varies by State | |||
| SEBI Turnover Charges | 15 Rs/Crore | |||
| GST | 18% on the Brokerage and Transaction charges | |||
| Brokerage Calculator | Kotak Securities Brokerage Calculator | |||
| SPAN Margin Calculator | Kotak Securities SPAN Margin Calculator | |||
Kotak Securities Currency Trading Charges is the total trading cost that a client has to bear for trading in Currency. It is calculated by sum up all the taxes and charges that is levied on top of your brokerage. The charges and taxes are Transaction charges, STT or Securities Transaction Charges, GST, Stamp Duty and SEBI Charges. There is differance in Currency Futures & Currency Options trading cost with Kotak Securities. Please refer the details below:
| Type | Currency Futures | Currency Options |
|---|---|---|
| Brokerage | .02% or Rs. 10 per lot whichever is higher | Rs 10 Per Lot |
| Transaction Charges | Rs 110 Per Cr | Rs 4000 Per Cr |
| STT | No STT | |
| SEBI Turnover Charges | 15 Rs/Crore | |
| Stamp Duty* | 0.01% subject to a maximum of Rs 50 - Varies by State | |
| GST | 18% on the Brokerage and Transaction charges | |
Kotak Securities does not offer commodity trading service.
Demat Account opening is the one time fee that Kotak Securities charge while initiate your demat account opening process. If you already have a demat account, then it can be linked with your trading account. Please check more details with Kotak Securities's representative. Demat AMC (Annual maintenance Charges) is an annual fee charges by Kotak Securities to maintain your demat account. Kotak Securities Demat Account Opening Charges is Free. Kotak Securities Demat AMC is Individual (Resident)-RESIDENT -Rs. 65 pm for upto 10 debit transactions. Rs.50 pm for 11 to 30 debit transactions. Rs. 35 pm for more than 30 debit transactions. (Plus applicable taxes) NRI-Rs.75/- pm Corporate (Resident)-Rs 100/- pm Corporate (NRI)-Rs.125/-pm AMC Charges for BSDA Account Rs. 100/- per annum (if DP value is more than Rs. 50,000/- and less than 2 lacs) Zero (if DP value is less than Rs. 50,000/-). Kotak Securities Demat Charges is Individual: For Regular ( Non BSDA Accounts ) On Market /Off Market 0.04% of the value of securities or Minimum Rs. 27(Plus CDSL charges as applicable + applicable taxes). For BSDA Accounts On Market /Off Market 0.06% of the value of securities or Minimum Rs. 44.50 (Plus CDSL charges as applicable + applicable taxes) Corporate :- On Market /Off Market 0.04% of the value of securities or Minimum Rs. 27(Plus CDSL charges as applicable + applicable taxes). when you sell any scripts from your demat.
| Type | Details | |
|---|---|---|
| 1. | DP Source | CDSL |
| 2. | Demat Account Opening Charges | Free |
| 3. | Demat Account Annual Maintenance Charges(AMC) | Individual (Resident)-RESIDENT -Rs. 65 pm for upto 10 debit transactions. Rs.50 pm for 11 to 30 debit transactions. Rs. 35 pm for more than 30 debit transactions. (Plus applicable taxes) NRI-Rs.75/- pm Corporate (Resident)-Rs 100/- pm Corporate (NRI)-Rs.125/-pm AMC Charges for BSDA Account Rs. 100/- per annum (if DP value is more than Rs. 50,000/- and less than 2 lacs) Zero (if DP value is less than Rs. 50,000/-) |
| 4. | Statutory Charges (Stamp Charges payable upfront) | NA |
| 5. | Advance Deposit | NA |
| 6. | Transaction Charges per ISIN (Market Trades) | |
| Buy (Receive) | Rs 0 | |
| Sell (Debit) | Individual: For Regular ( Non BSDA Accounts ) On Market /Off Market 0.04% of the value of securities or Minimum Rs. 27(Plus CDSL charges as applicable + applicable taxes). For BSDA Accounts On Market /Off Market 0.06% of the value of securities or Minimum Rs. 44.50 (Plus CDSL charges as applicable + applicable taxes) Corporate :- On Market /Off Market 0.04% of the value of securities or Minimum Rs. 27(Plus CDSL charges as applicable + applicable taxes). | |
| 7. | Demat & Remat Charges | |
| Demat | Individual Rs.3/- per certificate plus Rs. 50/- per request Corporate:- Rs.3/- per certificate plus RS. 50/- per request. | |
| Remat | Individual Rs.10/- for 100 shares. Minimum Payable Rs. 15/- Corporate Rs.10/- for 100 shares Minimum Payable Rs. 15/- | |
| 8. | Pledge Charges | |
| Pledge Creation per ISIN | Individual 0.05% of the value of securities Minimum Rs 30/-Corporate 0.05% of the value of securities Minimum Rs 30/- | |
| Pledge Creation Confirmation per ISIN | Individual 0.05% of the value of securities Minimum Rs 30/-Corporate 0.05% of the value of securities Minimum Rs 30/- | |
| Pledge Closure per ISIN | Individual 0.05% of the value of securities Minimum Rs 30/- Corporate 0.05% of the value of securities Minimum Rs 30/- | |
| Pledge Closure Confirmation per ISIN | Individual 0.05% of the value of securities Minimum Rs 30/- Corporate 0.05% of the value of securities Minimum Rs 30/- | |
| Pledge Invocation per ISIN | Individual 0.04% of the value of securities Minimum Rs 30/- Corporate 0.04% of the value of securities Minimum Rs 30/- | |
| 9. | Failed Instruction Charges | Nil |
| 10. | Other Charges Demat | Nil |
Direct from your Kotak Mahindra bank account.
Pay-in/adding funds - Cheque, Online Bank Transfer from Partnerbanks (ICIC Bank, Kotak Mahindra Bank, HDFC Bank, AXIS Bank, Citibank, Indusind Bank, Federal Bank, SBI Bank, ING Vysya Bank).
Pay-out/Fund Withdrawal - Bank Transfer only.
Upto 24 Hrs except Bank Holidays. Instance fund transfer with Kotak Mahindra Bank.
(ICIC Bank, Kotak Mahindra Bank, HDFC Bank, AXIS Bank, Citibank, Indusind Bank, Federal Bank, SBI Bank, ING Vysya Bank
Margin Funding Facility - Yes - 18% interest PA
Kotak Securities is offering 3-in-1 service so fund transfer in just internal process and you can do pay in and pay out directly from your trading account to bank account and vis verse. In 3-in-1 account you can’t link your secondary bank account. The easiest way is to do fund transfer from your secondary bank account to your primary bank account via net banking. For fund withdrawal, you can just do inter account fund transfer which is instance. There are no changes for fund withdrawal in 3-in-1 account with Kotak Securities.
There is no minimum deposit requirement when you open a trading and demat account with Kotak Securities. You need to pay account opening charges and demat AMC, if applicable. Once your account is up and ready you need to transfer fund to start trading.
Kotak Securities don’t have any hidden charges. All charges and plan details are clearly defined in account opening document. No minimum charges or no other charges applicable.
Equity Cash, Intraday and F&O trading timing (BSE/NSE) is 9:15 am to 3:30 pm, Square off timing is 3:15 pm.
Currency Derivatives Trading Timing (NSE/BSE) - Trading open time 9:00 am and close time 5:00 pm (Currency F&O – USDINR, EURINR, GBPINR and JPYINR) and 7:30 pm (Cross Currency F&O – EURUSD, GBPUSD and USDJPY).
Commodity Trading Timing – Agri Commodity – 10 am to 5 pm, Other Commodities – 10 am to 11:30 pm.
In this section we have covered general question related to Kotak Securities brokerage and demat account charges like -
Last Updated on 2019-07-09
