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What are Kotak securities NRI brokerage charges?

Kotak Securities Account Opening

Kotak Securities - Pay ZERO Intraday Brokerage + F&O Rs 20 per trade + Free Account Opening. Open Instant Account Now

There are various charges and taxes associated with Kotak NRI account. Here's a breakdown of charges.

Kotak securities charges for NRI

Account Opening Charges (One Time Fee)

Rs 3750

Brokerage (Equity Delivery)

1% of the turnover or 25 Paise per share, whichever is higher

Average Quarterly Balance in Savings Account

Rs 10,000

PIS Account Maintenance Fee

Rs 1000 per year

Demat Account Maintenance Fee

Rs 75 per month

Note:

  • 'Free Intraday Trading (FIT)' plan is not available to NRI as NRI's are not permitted to trade in Intraday.
  • Kotak securities NRI charges for demat account is same as resident account.
  • Short term Capital Gain Tax of 15.45% on profit is applicable if stocks are sold within a year of purchase. This is deducted as TDS.

 

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