Kotak Securities Free Unlimited Intraday Trading Plan (Rs 999 Plan)

Published on Wednesday, May 2, 2018 by Team | Modified on Tuesday, May 21, 2019

Kotak Securities Free Unlimited Intraday Trading Plan (Rs 999 Plan)

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Kotak Securities, a subsidiary of Kotak Mahindra Bank is among the top stock broker in India. The 3-in-1 trading account offered by Kotak Sec is among the most popular offering by the company.

The traditional brokers like Kotak Securities are being challenged by a new breed of discount stock brokers like Zerodha and ProStocks. These discount brokers are charging up to 90% lower brokerage and offering superior trading applications to the traders for no extra charges.

To keep the traders continue using its trading platform, Kotak Securities recently introduced a new brokerage plan. In this plan, Kotak offers unlimited equity intra-day trading for one flat Rs 999 per year fees.

Here are key facts about Kotak Securities Unlimited Trading Plan:

  1. The plan name is FIT (Free Intraday Trading). It is also known as Rs 999 Unlimited Trading Plan.
  2. The plan offers unlimited intraday equity trading in segments like Equity Cash and F&O for a yearly fee of Rs 999.
  3. Segments which are not included in this plan are Equity Delivery, Currency, and Commodity trading. Customers have to pay regular brokerage for trading in these segments. Note that Kotak Securities regular brokerage is very high in comparison to brokers like Zerodha or ProStocks.
  4. This price plan only available for online trading. Call & Trade or orders placed through dealers are not included in this plan. Regular brokerage is applicable to those orders.
  5. Customers will have to provide margins as per the agreement with Kotak Securities. Unlike most brokers, Kotak doesn't provide high margins.
  6. This plan is available for a trader who uses Kotak Mobile Trading App, TradeSmart trading terminal, and Kotak sec website for trading. Customers using ODIN Diet cannot use this plan.
  7. If the intraday position is rolled-over in the next day, the trade gets converted into a delivery trade. In this case, Kotak Sec will charge regular brokerage. The customer may end up paying a very high brokerage in this scenario.

This plan is a step towards offering low-cost trading services to the price-sensitive trading community in India. Though the plan looks good in first sight, it will hardly make any difference for Kotak Sec. The migration from traditional brokers to the discount brokers will continue. The discount brokers are not just charging low brokerage, they are offering it across all segments, they have powerful and free trading platform, and providing excellent customer services.

Read more about Kotak Securities:

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  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

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8. Pavan   I Like It. |Report Abuse|  Link|Feb 6, 2022 3:19:40 AMReply
Kotak securities Exhecutives are biggest cheater & lairs.
7. Shaikh Mohd Anwar   I Like It. |Report Abuse|  Link|Dec 28, 2021 12:19:52 PMReply
They are lier , cheating don't last long they must be punished for their cheating
6. Tanveer   I Like It. |Report Abuse|  Link|Jul 23, 2020 2:32:50 AMReply
Kotak cheating with FIT plan,they chatge ubgor other services which they never disclose you until u find out.

Dont get cheated...kotak is the worst
5. somesh   I Like It. |Report Abuse|  Link|Dec 23, 2019 7:31:13 PMReply
i cant able to understand how they are charging . they are not showing the brokerage amount how can we able to know that but something is happening daily my amount is getting reduced before this i used karvy account. karvy is better than kotak
5.1. Shubham sawant   I Like It. |Report Abuse|  Link|May 14, 2020 11:57:40 AM
ght bro my amount day by reduce more times and other charges also too high
4. Zainab   I Like It. |Report Abuse|  Link|Apr 27, 2020 12:06:38 AMReply
Fraud company with extremely high charges for delivery n other charges such as application, SMS extra.. u will loose ur money
3. Jigar Pandya   I Like It. |Report Abuse|  Link|Jul 27, 2018 12:15:51 AMReply
FIT account is fraud they charged me 20,000 brokerage for intraday trades for my free intraday trading account, fighting let's see , I will go to NSE,SEBI,consumer court and lasu highcourt and supreme court to get my hard earned money back.
2. Kotak fit scam victim   I Like It. |Report Abuse|  Link|Jul 25, 2018 4:51:13 PMReply
Kotak FIT is a fraud, kotak securities are cheaters.first they mentioned that 1 paise will be charged for both equity and FNO transaction. But when I actually did FNO trade Kotak started to block 600 Rs (buy and sell). Each time you do FNO trade. When I asked for a reason they said it's an additional brokerage which will be returned at the end of the day, nothing about additional brokerage is mentioned in FIT plan.
1. Kumar   I Like It. |Report Abuse|  Link|Jul 14, 2018 11:20:48 AMReply
Kotak fit account have hidden charges like charges for SMS, online access, software access, etc. They are cheating people
1.1. Vishal   I Like It. |Report Abuse|  Link|Jul 14, 2018 12:33:08 PM
Kumarsir...Hidden charges are of what amount?