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Kotak Securities Brokerage 2023 | Charges, Plan, Taxes and STT

 
 
 
 
 

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Kotak Securities Brokerage Review - Transaction Charges and STT

Kotak Securities Limited was a subsidiary of Mahindra Bank that was founded in the year 1994. Kotak Securities is a brokerage firm that offers its services across all the financial trading asset classes such as F&O, Mutual funds, IPO, NCDs and Bonds, ETFs, IPO etc. It is famous for its out of the box ideas over the past years. In other words, it is a well-known and well-respected full-service brokerage firm. At present, the
company has total 153 branches and 1332 franchisees that are spread across 361 cities in India.

What is Kotak Securities Brokerage Charges?

A customer has to pay a commission or brokerage at the time of buying and selling stocks through Kotak Securities. Brokerage charges are levied by almost all stock brokers. Brokerage charged by Kotak securities depends upon the segment and brokerage plan of kotak securities. Kotak securities brokerage commission is applicable on segments such as Equity, Commodities and Currency Derivatives. Kotak securities brokerage details along with Kotak securities brokerage and other charges are explained well below.

Kotak Securities Brokerage Plan 2023

There are 4 types brokerage plans in kotak securities given below:
1. Trade Free Youth
2. Trade Free Plan
3. Trade Free Max
4. Dealer Assisted Plan

Trade Free Youth Kotak Securities

Charge Head

Brokerage

Intraday (All Segments)

Free

Delivery (All Segments)

Free


Trade Free Plan Kotak Securities

Charge Head

Brokerage

Intraday (All Segments)

Free

Carry forward (F&O, Commodity and Currency)

₹20 per executed order

Equity Delivery

0.25% of transaction value


Trade Free Max Kotak Securities

Charge Head

Brokerage

Intraday (All Segments)

Free

Carry forward (F&O, Commodity and Currency)

₹20 per executed order

Equity Delivery

0.25% of transaction value


Dealer Assisted Plan Kotak Securities

Charge Head

Brokerage

Cash Delivery

0.39% of transaction value

Cash Intraday

0.039% of transaction value

Equity Futures

0.039% of transaction value

Equity Options

₹39 per lot

Currency Futures

₹9 per lot

Currency Options

₹5 per lot

Commodity Futures

0.039% of transaction value

Commodity Options

₹39 per lot

 

Kotak Securities Brokerage Plans Details

1. Kotak Securities Trade Free Youth
Kotak securities brokerage youth plan has a subscription fee of ₹200 for the first year of account opening and it has kotak securities zero brokerage charges across all segments. This is a kotak security brokerage yearly plan and open to the customers of up to 30 years of age. it is also known as kotak securities zero brokerage plan. Kotak securities mutual fund brokerage is also zero under Trade free youth plan.

2. Kotak Securities Trade Free Plan
Trade free brokerage plan kotak securities has no subscription charges. Kotak securities brokerage charges for intraday is zero and kotak securities brokerage charges for delivery is applicable in Trade free plan.

3. Kotak Securities Trade Free Max
Trade free max brokerage plan has subscription fees of ₹2499 + GST per year. Kotak securities brokerage for Intraday is free but delivery brokerage charges in kotak securities is applicable under this plan. It provides margin trading facility to the subscribers at the interest rate of 10% p.a. Users also get ₹4,128 is including GST for the next 90 days.

4. Kotak Securities Dealer Assisted Plan
Dealer assisted plan of brokerage in kotak securities has kotak securities intraday brokerage, kotak securities derivative brokerage and kotak securities options brokerage charges across all segments. Dealer assisted plan provides a dedicated dealer to help you plan and strategize your investment and trades for better profit. Just pay ₹499 + GST as one time account opening fee while opening kotak securities account and get a dedicated kotak securities relationship manager.

Kotak Securities Other Charges Explained

Kotak Securities Transaction Charges
The transaction charges are the combination of Exchange Turnover Charge and the Trade Clearing Charge.

 

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

Kotak securities Transaction Tax (STT)
STT is levied by the government on every transaction made via stock exchanges. It is applicable on both buy and sell transactions in the equity delivery segment and applicable only on the sell transaction in intraday trades and Futures & Options segment.

Kotak Securities NRI Brokerage Charges
Kotak securities brokerage charges for NRI is applicable @1% of the turnover or 25 paise/ share, whichever is higher

SEBI charges
₹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 and STT are similar but CTT is levied on exchange-traded commodity derivatives segments in India.

Kotak Securities Stamp Charges
It is charged by the government for transacting in instruments on the stock exchanges and depositories.

GST
Goods & Services Tax (GST) is levied on brokerage + transaction charges @18%.

Customers can visit kotak securities brokerage website to check kotak securities brokerage charges calculator. For any queries, contact on kotak securities WhatsApp number i.e., 77389 88888.


Frequently Asked Questions


Yes, Kotak Securities offer online IPO applications to its customers. IPO offers an early opportunity to buy shares of companies that are not previously traded publicly.
Each scheme has a minimum transaction amount. The amount differs from scheme to scheme. The minimum amount is mentioned for each scheme in the scheme information document.
Kotak Securities charge 0.049% (on both side) for equity, currency and commodity futures trading.
Yes, modifications can be done on the online portal and the final amount payable will be blocked by the bank subsequently.
Kotak Securities is a Full-Service Broker and thus the brokerage charged by them is higher than the discount brokers.
Kotak securities review demat account and Kotak securities brokerage review along with Kotak securities review under 30 plan is satisfactory. Visit garvthakur.com for detailed Kotak securities review online.
Yes, Kotak securities allows to place three orders at different rates.
To invest in Kotak securities, you must have a trading and demat account in Kotak securities. Users can easily open Kotak securities account online after visiting the official website of Kotak securities.
Visit the official website of kotak securities and fill the account opening from to open kotak securities demat and trading account.
To check brokerage charges in kotak securities, visit the official of Kotak securities.
You can use kotak securities demat account for trading investing by login to kotak securities mobile app or trading software.
KEAT pro x software download can be done from the official website of Kotak securities. Visit Kotak securities website and login to your account. Select “KEAT PRO X” in the trading tools section. Click on it and then select download.
Kotak securities reviews India is good and it also offers Kotak securities zero brokerage plans to the customers of up to 30 years of age.
Kotak Securities charge 0.49% for equity delivery trade. These trades are known as cash and carry trades or CNC.
The customer can apply in an IPO at any time between the IPO open and close date. The online IPO application can be filled and submitted at any time of the day.
Kotak securities brokerage rate are generally low depending upon the kotak securities brokerage plan. Intraday brokerage charges of kotak securities are zero for all plans except dealer assisted plan. For more details, visit the official website of Kotak Securities.
A customer can apply up to five application allowed to the Kotak Mahindra Bank Account.
Brokerage charges of kotak securities depends upon the brokerage plan chosen by you. It charges kotak securities zero brokerage in intraday expect in the Dealer Assisted Plan
The amount blocked in your bank account supporting the ASBA application cannot be withdrawn till the time of allotment.
There is no charge for opening the demat account with Kotak Securities broker. In fact, there is no amount charged for opening any of the three accounts i.e. Demat, Trading and Bank account.
As per the new process if an individual sells their holdings then they must be sold in the following sequence. First stock you hold as BNST will be sold. Second stocks you hold in the demat account and third stocks you own under Margin finance will be sold.
No, Kotak securities website allows IPO application only to the Trinity account holders.
Yes, the customers can check the Kotak Mutual Fund status online. To check the status of your Mutual Fund investments are: 1. Login to Kotak Securities Account. 2. Click on reports. 3. Visit the mutual fund section. 4. Select Check order status.
Kotak securities is a well-known stock brokers and provides fast and advanced trading software. Review of Kotak securities is also good for trading and investing.
Kotak Securities is a Limited firm and is a member of BSE, NSE, MSE, MCX, NCDEX. It is also registered as a depository participant with NSDL and CDSL.
Realized profit is the profit that comes from a completed trade. It means that the trade that has been exited. The realized profit is usually already deposited into the trader’s trading account and can simply be withdrawn from their trading account to bank account.
It charges 0.049% for Intra-day trades. These orders are known as Margin Intraday square-up or the MIS orders. All the open Intraday orders are auto squared-off at the end of each day. Extra leverage can be offered for these trades.
Kotak securities is one of the leading full-service discount brokers of India. It provides various services to their customer and is considered safe.
Kotak Securities is a brokerage firm that offers its services across all the various financial trading asset classes. Customers can trade and invest in Indian stock market via Kotak securities.
A ledger balance is computed by the bank at the end of each business day. It includes all the withdrawals and deposits to calculate the total amount of money in a bank account. The ledger balance is the opening balance in the bank account next morning and remains all day.
To open online kotak securities account, visit the official website of kotak securities and fill the online account opening form there.
The Kotak Securities mobile application supports iOS, Android, Blackberry, Windows Java Operating Systems.
No, Kotak securities does not provide margin funding.

Kotak Securities Reviews