Kotak Neo Trade Free Youth

 

   Kotak Neo Trade Free Youth

  For below 30 years of age ( 18+ to 30 )

  Plan Name - Trade Free Youth

   Unlock the power of Free account opening, ₹10 Per order 

   brokerage on all intraday and all carry forward F&O trades.

  Charge 

   Account opening fee

     ₹0

    Account Opening YouTube Video 👇Click Link

    https://youtu.be/jMzmX8DBdyM?si=6QWcs3EGVR1nad9-

      Switching fees for existing holders

         ₹499 + GST (One time)

  Brokerage and Interest Rates

Brokerage

Intraday Brokerage (For all segments)

₹10 per order

Stock Delivery

₹0

All carry forward F&O Trades

₹10 per order

Interest Charges

Interest on Margin Trading Facility (MTF)

0.041% per day

Interest on outstanding debit balance

0.049% per day

Demat Charge 

AMC - Account Maintenance charges

FOR BSDA CLIENTS

Holding value of securities if less than or equal to ₹4 lakhs

₹0

If More than Rs. 4 lakhs but up to Rs. 10 lakhs

₹0

If greater than ₹10 lakhs

₹0 (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

₹0

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

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)

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

Tax and Regulatory Charges

Equity Delivery

Transaction Charges

NSE: 0.00297%

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: 0.00297%

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 : 0.00173%

BSE: 0%

STT (as per exchange)

0.02% (sell side)

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

0.002% or Rs.200/crore

Equity Options

Transaction Charges

NSE : 0.03503% on Premium

BSE: 0.0325% on Premium

STT (as per exchange)

0.1% (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%

Other Charges 

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

Holding Statement Soft copy via email (any time period)

FREE

Holding Statement Hard copy

FREE

Digital copy for prior to previous financial year

FREE

Other Services

Cheque Processing charges

₹50+ GST (for every cheque deposit)

Cheque charges (in case electronic fund transfer to linked account fails)

Rs. 250 inclusive of GST

Cheque bounce charges

Online : ₹350 + bank charges

Offline : ₹500 + bank charges

Password printing and dispatch charges

₹25

Call & trade charges

₹49+GST per order

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