Kotak Securities Brokerage Charges & Brokerage Plans Review
Last Updated Date: Apr 12, 2023This article will provide you with all the beneficial details of Kotak securities charges. If you want to trade and looking for information related to Kotak Securities brokerage charges, then you are at the right place.
Here, we will not only discuss their brokerage charges but also their other various charges levied by the government. So, let’s take a review:
Kotak Securities Securities No Brokerage Plan
Find below the detailed table of Kotak Securities brokerage charges:
| Brokerage Charges | |
| Equity Delivery | Rs 0 |
| Equity Intraday | Rs 0 |
| Equity Futures | Rs 0 |
| Equity Options | Rs 0 |
| Currency Futures | Rs 0 |
| Currency Options | Rs 0 |
| Commodity | Rs 0 |
Kotak Securities has different brokerage plans and the most popular one is the No Brokerage Plan. If you are wondering how this is possible, then here it goes.
There is no brokerage fee that the brokerage house charges on any segment. It is absolutely nil or Zero brokerage charges for all the asset classes trading.
Want to know more about Kotak Securities and its offers, check out the Kotak Securities Review section.
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Kotak Securities Special Brokerage Plans
Find below the detailed table of Kotak Securities’ special brokerage plans:
| Plan: | Kotak Securities Trade Free Plan |
| Equity Delivery | 0.25% |
| Equity Intraday | Free |
| Equity Futures | Rs 20 per executed order |
| Equity Options | Rs 20 per executed order |
| Currency Futures | Rs 20 per executed order |
| Currency Options | Rs 20 per executed order |
| Commodity | Rs 20 per executed order |
Kotak Securities’ special Brokerage Plan is perfect for day traders. It has a flat-fee brokerage charge for most of the segments excluding equity delivery for which you have to pay 0.25% brokerage and equity intraday for which you have to pay nothing.
| Plan: | Kotak Securities Trade Free Max Plan |
| Flat Annual Fee | 2499+GST & get Rs 3499 |
| Equity Delivery | 0.25% |
| Equity Intraday | Free |
| Equity Futures | Rs 20 per executed order |
| Equity Options | Rs 20 per executed order |
| Currency Futures | Rs 20 per executed order |
| Currency Options | Rs 20 per executed order |
| Commodity | Rs 20 per executed order |
The next brokerage plan is the Kotak Securities Trade Free Max Plan which has a flat annual fee of Rs. 2499 plus GST and you will get free trading up to the brokerage cost of Rs. 3499.
Here the charges are the same as the previous plan is flat-fee for all segments except equity delivery and equity intraday has no brokerage attached to it.
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Kotak Securities Securities Account Opening Charges
Find below Kotak Securities account opening charges:
| Account Opening Charges | |
| Trading Charges [One Time] | Rs 0 |
| Trading AMC [Yearly] | Rs 0 |
| Demat Charges [One Time] | Rs 0 |
| Demat AMC [Yearly] | Rs 499 + GST |
| Margin Money | Not required |
The account opening charges at Kotak Securities are also very nominal. You do not have to pay a penny while opening the Trading and Demat account with Kotak Securities.
All you need to pay is Rs. 499 for the annual maintenance charges of the Demat account. There are no maintenance charges on the trading account even. Furthermore, there is no margin money requirement too.
Also, check out Kotak Securities Brokerage Calculator to calculate and compare brokerage charges in detail.
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Kotak Securities Transaction Charges
Get the detailed table of Kotak securities transaction charges:
| Transaction Charges | |
| Equity Delivery | NSE: 0.00345% BSE: 0.00345% |
| Equity Intraday | NSE: 0.00345% BSE: 0.00345% |
| Equity Futures | 0.002% |
| Equity Option | 0.053% on Premium |
| Currency Futures | NSE: 0.00095%, BSE: 0.00022% |
| Currency Option | NSE: 0.035%, BSE: 0.001% |
| Commodity Futures | MCX (for Agri & Non-Agri): 0.0026% NCDEX: 0.0055% |
| Commodity Options | Waived off by Exchange |
The transaction charges that Kotak Securities’ clients pay to vary across segments of assets. You can find the details of the transaction charges in the table given above.
For instance, if you are trading currency futures on NSE, you would have to pay 0.00095% as transaction charges. While if you trade currency futures on BSE, your transaction cost will be way lower which is around 0.00022%.
Similarly, the transaction charges vary across the trading segments or asset classes and also as per the exchange you are trading on. There are no transaction charges on commodity options trading though.
Kotak Securities Securities Other Charges
Get the detailed table of Kotak Securities’ other charges:
| Segments | Charges |
| Reactivation Charges | Rs.50 per Segment |
| Account Closure Charges | Rs.50 per Segment |
| Dematerialisation Charges | Rs 150 per certificate + Rs 50 per request (courier charges) |
| Investor Protection Fund | Equity Delivery: 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 |
| Rematerialisation | Rs 10 for 100 securities (shares, bonds, mutual fund units, etc.; subject to a minimum of Rs 15) |
| DP Transaction Charges – Market & Off-Market Trades | |
| Credit transactions (Buy) | NIL |
| Debit transactions (Sell) | 0.04% of the value of securities (subject to a minimum of Rs 20) |
| Annual Maintenance Charges (AMC) | Rs 50 per month |
| Charges for Client Master Report changes (Applicable for Email/ Address/ Mobile/ Bank) | Rs 50 per modification request |
| Delivery Instruction Slip (DIS) – Reissuance | Rs 100 per DIS booklet + Rs 50 courier charges |
| Pledge Charges (For margin purposes) | |
| Request | Rs 20 per ISIN |
| Invocation | Rs 20 per ISIN |
| Release (Un-pledge) | Rs 20 per ISIN |
| Pledge Charges (For non-margin purposes) | |
| Request | 0.05% of the value of securities (subject to a minimum of Rs 30) |
| Invocation | 0.04% of the value of securities (subject to a minimum of Rs 30) |
| Extra Other Charges | |
| Auction Charges | Actual or Rs 25/- per auction (W.I.H.) |
| Cheque Bounce Charges | Online: Rs 350/- + Bank Charges Offline: Rs 500/- + Bank Charges |
| Research Call on SMS | As per website |
| Password Printing and Dispatch Charges | Rs 25/- |
| Product Change Charges | Rs 500 |
| Call & Trade charges per call | Rs 20/- |
| Contract Note (Digital) | Free |
| Duplicate Hard Copy Contract Note on Client Request | Rs 49 |
| Digital Copy (Email) Contract Note for Current/Previous Financial Year | Free |
| Digital Copy (Email) Contract Note for years prior to the Previous Financial Year | Rs 99 per month |
| KYC Upload/ Modification of KRA | Rs 49 |
| Inter-Settlement Charges | 0.04% of transaction value or Rs 31.50/- (W.I.H.) |
| Statement Request | |
| Hard Copy | Rs 99 per statement per year |
| Digital Copy/Email for Previous/Current Financial Year | Free |
| Digital Copy for prior to Previous Financial Year | Free |
| Fund Transfers through the Payment Gateway | |
| Kotak 3-in-1 Account (Trinity a/c) | Free |
| via Bank Payment Gateway | Rs 9 |
Other Charges
Apart from brokerage and transaction charges, there are many other charges which play important role in share trading. At Kotak, if you want to reactivate your account you would have to pay Rs. 50 for each segment you would like to trade.
For instance, Rs. 50 for equity intraday, another Rs. 50 currency futures and so on. On the contrary, if you want to close your account with Kotak Securities, you have to again pay the same amount of Rs. 50 for each of the segments.
As given in the table above, for the dematerialization of shares, you need to pay a certain percentage of the number of shares as per the segment or the asset class.
The Rematerialization of shares is Rs. 10 per 100 shares however, the minimum amount should be Rs. 15 at least.
There are no charges for DPO transactions credit while for debit transactions, you will be paying 0.04% of the value of the shares sold.
Kotak Securities charges for the issuance of Delivery Instruction Slip as well which is Rs. 100 per DIS booklet and Rs. 50 for courier charges.
Similarly, as you can find in the table given above, there are many other charges as well which you need to keep in mind to estimate the real value of the trade and anticipated profit.
Kotak Securities Regulatory & Government Charges
| Segments | Charges |
| SEBI Turnover Charges | Rs 5 Per Crore |
| STT | 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) |
| Stamp Duty | Equity Delivery: 0.015% or Rs 1500 / crore on buy-side Equity Intraday: 0.003% or Rs 300 / crore on buy-side *Equity Futures: 0.002% or Rs 200 / crore on buy-side Equity Options: 0.003% or Rs 300 / crore on buy-side Currency Futures: 0.0001% or Rs 10 / crore on buy-side Currency Options: 0.0001% or Rs 10 / crore on buy-side Commodity Futures: 0.002% or Rs 200 / crore on buy-side Commodity Options: 0.003% or Rs 300 / crore on buy-side |
| GST | 18% of (Brokerage + Transaction Charges) |
The statutory charges include SEBI charges of Rs. 5 per crore transacted. Then the stamp duty is levied as per the segment you are trading.
For instance, if you are trading equity futures, then you will have to pay a stamp duty of Rs. 200 or 0.002% per crores of the transaction on the buy-side.
The stamp duties for respective segments can be found in the table. The STT charges are quite nominal and even no STT charges are there for a few segments like currency futures and options.
The GST charges of 18% are levied as well and calculated using brokerage and transaction charges.
Kotak Securities Brokerage Charges – Conclusion
Kotak Securities brokerage charges are quite flexible and apt for active traders. If you are looking for a brokerage house where there is no complication in the brokerage plans, then this broker may fit your requirement.
The transaction charges and other charges are also quite competitive.
Kotak Securities Brokerage Charges FAQs
Here is the list of FAQs related to the Kotak Securities brokerage charges:
Does Kotak Securities Charge Brokerage?
Yes, Kotak Securities charges brokerage on all the asset classes and segments of trading apart from the Equity intraday. However, there is a No Brokerage Plan as well where there is no brokerage on any of the segments as well.
What are Kotak Securities Brokerage Charges?
The brokerage charges of Kotak securities vary according to the brokerage plan you choose. If you choose the Special Brokerage plan, then it is Rs. 20 for all orders across the segment except for equity delivery where you have to pay 0.25% of the transacted amount and the equity intraday segment is free from the brokerage.
What is the Intraday Brokerage of Kotak Securities?
There are no brokerage charges on the intraday segment as per Kotak Securities’ brokerage plans. You can do day trading without paying any brokerage fee.
What other Charges were levied by Kotak Securities?
For every transaction you place, you have to pay a brokerage, and alongside, you have another bunch of charges to pay, though how tiny they account to. They are transactional charges, SEBI Turnover Charges, STT, Stamp Duty, GST, Margin Funding charges, and other petty charges
Is Kotak Securities a discount broker?
No, Kotak Securities is not a discount broker in any manner, and they are much of a full-service broker who provides all the stockbroking products and services. The service provided for the traders also includes research and advisory, and also stock tips.
Does Kotak Securities have Free Delivery?
No, there is no free delivery of stocks that you bought with Kotak Securities. You will have to pay 0.25% of the amount as a brokerage fee unless you choose the No Brokerage plan.
How much does Kotak Securities Charge for Options?
Kotak Securities charges Rs. 20 per order for equity and currency options. It is a flat fee that you have to pay as brokerage charges.
What are Kotak Securities Transaction Charges?
The transaction charges at Kotak Securities are as given below –
- For Equity Delivery at NSE, it is 0.00345% while at BSE it is 0.00345%
- Equity Intraday at NSE is 0.00345% and at BSE is 0.00345%
- For Equity Futures, transaction charges are 0.002%
- For the Equity Option, it is 0.053% on Premium
- Currency Futures at NSE: 0.00095% and at BSE: 0.00022%
- For Currency Option at NSE: 0.035%, and at BSE: 0.001%
- For Commodity Futures – MCX (for Agri & Non-Agri): 0.0026% NCDEX: 0.0055%
- Commodity Options there are no transaction charges
What is the Demat AMC in Kotak Securities?
The annual maintenance charge for the Demat account at Kotak Securities is Rs. 499+GST. They do not charge any annual maintenance fee for the trading account though.
Is Kotak Securities Brokerage Free?
No, there is no brokerage-free trading facility at Kotak Securities unless you choose the No Brokerage Plan at Kotak Securities.
What are the brokerage charges of Kotak Securities?
The brokerage charge of Kotak Securities is mainly a flat fee of Rs. 20 per executed order. However, for equity delivery, it is 0.25% while for equity intraday it is free. if you choose the No Brokerage plan then you do not have to pay anything as well.
Is Kotak Securities NSDL or CDSL?
Kotak Securities is a DP of both the depositories in India that are NSDL and CDSL. You can choose under which depository you want to open the account.
Is Kotak Demat account free?
Yes, opening a Kotak Securities Demat account is free. However, there is an annual maintenance fee and brokerage charge that you have to pay for using the account. Also, there are DP charges too.
What is the minimum balance in the Kotak Demat account?
There is no such minimum balance requirement at Kotak Securities. You can trade even if you have no balance in your account as per guidelines from the Depository.
Can I buy international stocks from Kotak Securities?
Yes, Kotak Securities has a tie-up with Nasdaq-listed interactive brokerage houses and thus Indians and NRIs can invest in stocks in the foreign stock markets.
What are the hidden charges in Kotak Securities?
There are certain additional charges of Kotak Securities like
- Auction Charges which are Actual or Rs 25/- per auction (W.I.H.)
- Cheque Bounce Charges – Online: Rs 350/- + Bank Charges and Offline: Rs 500/- + Bank Charges
- Password Printing and Dispatch Charges Rs 25/-
- Product Change Charges – Rs 500
- Call & Trade charges per call – Rs 20/-
- Duplicate Hard Copy Contract Note on Client Request Rs 49
- Digital Copy (Email) Contract Note for years prior to the Previous Financial Year- Rs 99 per month
- KYC Upload/ Modification of KRA – Rs 49
- Inter-Settlement Charges – 0.04% of transaction value or Rs 31.50/- (W.I.H.)
What are the yearly charges of the Kotak Demat account?
There are no such yearly charges that Kotak Securities Levies. You just have to pay a brokerage fee when you trade and other charges when you opt for certain facilities.
What are the annual maintenance charges in Kotak Securities?
The annual maintenance charge at Kotak Securities is Rs. 499+ GST for the Demat account. For trading accounts, there are no annual maintenance charges.
How is brokerage calculated in Kotak Securities?
It is very easy to calculate brokerage for Kotak Securities customers as it is only a flat fee for most of the segments of trading. You just need to calculate the brokerage for the equity delivery segment. Apart from that, you need to add the transaction charges, STT, SEBI charges, Stamp duty, and GST.
What is the Trade Free Plan of Kotak Securities?
Kotak Securities’ Trade Free plan offers a free intraday facility to traders. You can open an account by paying a one-time fee and then do unlimited cash trading. However, for other segments, there is the same flat fee applicable which is Rs. 20 per executed order.
Is intraday free in Trade Free Plan?
Yes, intraday trading is completely free in the trade Free plan of Kotak Securities.
Are Options Trading Free in Kotak Securities?
No, options trading is chargeable at Kotak Securities. You need to pay Rs. 20 per executed orders for options trading.
Are Kotak Securities safe?
Yes, Kotak Securities is one of the most known and reputed brokerage houses in the country. It offers a high level of security for the data and information of the clients and customers. So, your account and money, and information are completely in safe hands.
How to check brokerage charges in Kotak Securities?
You can visit the Kotak Securities website and click on their brokerage tab and check all the brokerage plans and fees easily.
Open Demat Account with Kotak Securities Securities
