Open Free Demat & Trading Account

Introducing Trade Free Max

Is the shortage of funds stopping you from taking bigger positions in the stock market? The time has come to enhance your buying power upto 4X with Trade Free Max - curated with special offers to fulfil your Margin Trading Facility (MTF) at very competitive interest rates.

  • 10

    Margin Trading Facility at an interest rate of 10% p.a. only

  • 0

    Zero brokerage on all intraday trades

  • 20

    All carry forward F&O, Commodity & Currency trades at ₹20 per order

  • 0.25

    Equity Delivery at just 0.25% of transaction value

A plan that pays you back!

TRADE FREE MAX PRICING PLAN OFFER

Get the exclusive Margin Trading Facility (MTF) with interest rate of 10% p.a.

PAY ₹2,499 + GST

₹2,499 + GST
Amount will be debited annually once you place your first MTF trade

Get ₹4,128

Brokerage cashback of
₹4,128 is incl. of gst for the next 90 days

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Fees & Charges

Trade Free Max- FREE
Enjoy zero account opening charges. Offer valid for limited period

Subscription Fees
Pay ₹2,499 plus GST.
Amount will be debited after you place your first MTF trade


Offer
Get up to ₹4,128 Brokerage Cashback
for the next 90 days
Charge Head Brokerage
Intraday* (All Segments) FREE
Delivery (Equity) 0.25%

Brokerage of 0.01% will be levied in case of Liquid bees and Liquid ETFs and 0.1% for Nifty ETF.

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. If you wish to carry-forward your Futures & Options position,
you can do the same by paying a flat brokerage of ₹20 per executed order.

Description Interest Rates
Outstanding Debit Balance on Margin Trading Facility (MTF) 10% p.a.
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.
Interest on Liquid Funds and Liquid BeES as collateral 0% p.a.

Note: Interest would be charged on a monthly basis

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 ₹1,500 / 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
Taxes and Regulatory Charges explained:
  • 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%.
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
  • Holding value of securities <= ₹10,000 (basis maximum value during the month):No AMC
  • Holding value of securities > ₹10,000: ₹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)

Notes

  • 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. ₹0.75 for email CAS and ₹8 for Physical CAS. We recommend to opt of email CAS
Schedule of Charges for Other Services
No. Service Charges
1 Auction Charges On actuals (subject to minimum of ₹20 per auction)
2Cheque Bounce Charges ₹350 + Bank Charges
3 Research Call on SMS
a Fundamental Calls
(Monthly/Yearly Plan)
₹ 50 / 500
b Technical Calls
(Monthly/Yearly Plan)
₹ 50 / 500
c Combined (Fundamental+ Technical calls)
(Monthly/Yearly Plan)
₹ 75 / 750
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

Notes

  • GST and all other applicable statutory taxes will be charged as per prevailing applicable rates, over and above the charges mentioned in the table.

Note: Additional Transaction charges : 0.10% for trades in “X”,”XT” & “Z” group stocks & 1% additional in case of “P” group stocks (BSE).

Terms & Conditions
  • Minimum brokerage of ₹20 per executed order will be charged for Equity Delivery transactions.
  • Expiry/ exercise or assignment trades will be charged ₹20 per executed order.
  • Additional brokerage of ₹49 per executed order will be charged for orders placed through dealers/ customer service executives and trades squared off by Kotak Securities.
  • Processing fee for Securities Lending & Borrowing Mechanism (SLBM) will be 15% of lending & borrowing fee, subject to minimum of 10 paise per share.
  • For all free intraday trades, a nominal charge of 1 paisa per scrip/underlying will apply.
  • Brokerage will not exceed the rates specified by SEBI and the Exchanges.
  • STT, CTT, GST and all other applicable exchange/ regulatory/ statutory charges/ taxes will be levied as per applicable rates.

Upgrade to Trade Free Max

Are you an existing customer?

Upgrade to Trade Free Max and get unbeatable offer.

  • Follow the below process to get upgraded from Website
    • 1
      Login from Website
    • 2
      Click ‘New Products’
    • 3
      Click ‘Trade Free Max’
    • 4
      Subscribe Now
  • Follow the below process to get upgraded from App
    • 1
      Login from Kotak Stock Trading App
    • 2
      Tap on ‘More’
    • 3
      Tap on ‘Trade Free Max’
    • 4
      Subscribe Now

Frequently Asked Questions (FAQs)

What is the Trade Free Max Plan?+

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 10% per annum.
How do I subscribe to the Trade Free Max plan? +

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: https://kstrade.kotaksecurities.com/itrade/user/cservices.exe?action=Kotak_Select_Plan

What are the charges to subscribe to this plan?+

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

When would the Trade Free Max plan charges be debited? +

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.

What is the brokerage cashback eligibility for this plan? +

Once the subscription fee is debited, for the next 90 days, all trades are eligible for brokerage Cashback of up to ₹4,128/-

Who is eligible for the Trade Free Max offering? +

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

  1. Non-Resident Indian (NRI) customers
  2. Customers who belong to 'Offline' customer type
  3. Kotak Securities employees
  4. Customers who are currently part of any one of the following brokerage plans:
    • Advanced Brokerage Plan
    • Differential Brokerage Plan
  5. Franchisee Clients
What are the charges if no MTF trade has been placed but Trade Free Max Plan is subscribed? +

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
What are the charges for a dealer-assisted trade in the Trade Free Max Plan? +

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 of ₹49/- per order.( Subject to minimum of 2.5% regulatory allowed brokerage)

*What is Margin Trading Facility (MTF)? +

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