Charges at a glance
About Kotak Neo
Kotak Neo is the digital trading and investing platform of Kotak Securities Ltd, the broking arm of Kotak Mahindra Bank — one of India's oldest and largest private banks. It is registered with SEBI and is a depository participant with both CDSL and NSDL, offering trading across equities, F&O, currency, commodities and mutual funds.
Kotak Neo is best known for its Trade Free pricing plans, bank-grade reliability, and a 3-in-1 account that links a Kotak Mahindra Bank savings account with trading and demat, alongside the Nest desktop terminal for active traders. Equity delivery isn't commission-free the way it is at some discount brokers, but account opening is free and intraday/F&O brokerage is charged flat and low.
Platforms
Kotak Neo App & Web
Mobile and web app for stocks, mutual funds, IPOs, F&O and commodities, with charting, GTT orders and Trade from Charts.
Nest Trading Terminal
Desktop trading terminal built for active traders needing fast order execution and advanced charting tools.
Neo Trade API
Free-to-use trade API for building custom trading algorithms and automated strategies on Kotak Neo's infrastructure.
Regulatory & statutory charges
Besides brokerage, every trade attracts STT/CTT, exchange transaction charges, SEBI charges, GST and stamp duty. These are fixed by the government/exchanges and are the same across brokers.
Calculate the exact charges for any trade upfront using our brokerage calculator.
Equity
| Charge | Equity delivery | Equity intraday | F&O – Futures | F&O – Options |
|---|---|---|---|---|
| Brokerage | 0.20% of trade value | ₹10 or 0.05%/order, whichever is lower | ₹10 per executed order | Flat ₹10 per executed order |
| STT/CTT | 0.1% on buy & sell | 0.025% on sell side | 0.05% on sell side | 0.15% on sell side (premium); 0.15% of intrinsic value if exercised |
| Transaction charges | NSE 0.00297% / BSE 0.00375% | NSE 0.00297% / BSE 0.00375% | NSE 0.00183% / BSE 0% | NSE 0.03553% / BSE 0.0325% (on premium) |
| SEBI charges | ₹10 / crore | ₹10 / crore | ₹10 / crore | ₹10 / crore |
| Stamp duty | 0.015% (buy side) | 0.003% (buy side) | 0.002% (buy side) | 0.003% (buy side) |
| GST | 18% on (brokerage + SEBI charges + transaction charges) | |||
Kotak Neo also offers trading in the currency (forex) derivatives segment, at the same flat ₹10 per executed order brokerage as equity F&O. Currency derivatives don't attract STT/CTT, but exchange transaction charges, SEBI charges, stamp duty and GST still apply.
Commodity
| Charge | Commodity futures | Commodity options |
|---|---|---|
| Brokerage | ₹20 per executed order | ₹20 per executed order |
| STT/CTT | 0.01% on sell side (non-agri) | 0.05% on sell side |
| Transaction charges | MCX 0.0021% / NSE 0.0001% | MCX 0.0418% / NSE 0.001% |
| SEBI charges | Agri ₹1/crore, Non-agri ₹10/crore | ₹10 / crore |
| Stamp duty | 0.002% (buy side) | 0.003% (buy side) |
| GST | 18% on (brokerage + SEBI charges + transaction charges) | |
Mutual funds
- Direct mutual fund investments on Kotak Neo are ₹0 commission, with no transaction or redemption charges.
- Stamp duty of 0.005% applies on the purchase (buy) side of mutual fund units, as mandated by the government.
- STT of 0.001% applies only on redemption (sell) of equity-oriented mutual fund units.
Charges for account opening
| Type of account | Charges |
|---|---|
| Individual account | free |
| HUF account | free |
| NRI account | ₹3,750 (NRE/NRO) |
Demat AMC (Annual Maintenance Charge)
Kotak Neo waives AMC entirely for BSDA accounts with holdings up to ₹4 lakh. Above that threshold, or for non-BSDA accounts, AMC is billed monthly and works out to about ₹600 a year.
Penalties & other charges
Charges that apply only in specific situations — good to know upfront so nothing catches you off guard.
Penalties
Other charges
Pros & cons
What users like
- ₹0 account opening, and ₹0 AMC for BSDA accounts with holdings up to ₹4 lakh
- Backed by Kotak Mahindra Bank, with a 3-in-1 account linking banking, trading and demat
- ₹0 brokerage on delivery and intraday for the first 30 days on a new account
- Nest desktop terminal and free Trade APIs for active and algo traders
What to watch for
- Equity delivery isn't free after 30 days — 0.20% per order, higher than several discount brokers
- Non-BSDA demat AMC runs up to ₹600/year, on the higher side versus peers
- Multiple overlapping plans (Trade Free, Youth, Pro, MPower) can be confusing to compare
Read what customers say about Kotak Neo
Overall rating 3.0/5 based on 1 customer reviews — or share your own experience.