Kotak Brokerage Charges 2026: Hidden Fees, Plans, Calculator

Kotak Neo Brokerage Charges 2026 (Quick Summary)

Here are the brokerage charges of Kotak Neo at a glance:

• Intraday: ₹0 or ₹10 per order
• Delivery: 0.20% – 0.25% (min ₹20)
• Options: ₹10–₹20 per order
• Futures: ₹10–₹20 per order
• Demat AMC: ₹600/year (₹50/month)
• Hidden Costs: STT, GST, exchange charges, stamp duty

👉 Reality: Even “zero brokerage” trades still incur taxes & charges.

Introduction

Kotak Securities, now Kotak Neo, is an established broking house. It is the broking arm of the renowned Kotak group. Also, their brokerage structure is very popular among traders of the Indian stock market. Also, the company has attractive features for their customers. Kotak Neo Brokerage Charges are also very attractive. Here we will discuss their margin, services and trading applications. In the latter part of this article, we will discuss in detail the brokerage charges of Kotak Neo. But here’s the truth: most traders don’t realise that Kotak brokerage may look low, but your actual cost per trade can be much higher. Let’s break it down clearly.

The Kotak Mahindra group owns Kotak Neo. They have the Kotak Mahindra Bank as their financial arm. Kotak Neo looks after the broking and stock trading activities. In 1994, the company was formed as a subsidiary of Kotak Mahindra Bank. Since then, it has never looked back. Today, in almost every mid-sized town and big city, you can find branches of the company across the length and breadth of India. Consistent high performances made it achieve this standard.

A Few Facts about Kotak Neo

Now, let’s look at a few facts. Kotak Neo received the best broker award by the FinanceAsia Country Awards, 2019. As per the latest statistics available, they have more than 17 lakh customers in 1539 branches across 393 cities. As a result, it is one of the top brokers in India.

This is a Kotak Neo review. Hence, this complete review will help many traders. I have also added a few comparisons. As a result, traders can decide on their own whether to pick this or not. Therefore, read the complete review first. Then only you can decide.

Kotak Neo Brokerage and Other Charges

Let’s consider the Trade Free Plan of Kotak Neo. This is a very attractive plan. Let’s look into its features now.

Kotak Neo Brokerage Charges

• The brokerage for intraday trades is free across all segments. To adhere to the SEBI-prescribed margins, a nominal fee of 1 paisa per scrip/ underlying is charged for trades following SEBI margin guidelines.
• For delivery trades, the minimum brokerage is Rs 20 or 0.25% of the transaction value, whichever is higher.
• Intraday high-leverage trades attract a flat brokerage of Rs 20.
• Trade-Free plans also provide access to in-depth research material for stock picks from in-house analysts.
• If a trader activates the MIS facility for his/ her trading account, he/she can enjoy high-leverage positions in intraday trading.

Kotak Brokerage Charges (Segment-wise Breakdown)

Equity Delivery

• 0.20% – 0.25% (minimum ₹20)
• Some plans advertise ₹0, but conditions apply

Intraday Trading

• ₹0 (Trade Free plan) OR
• ₹10 per order (Neo plan variants)

Futures & Options (F&O)

• Futures: ₹10–₹20 per order
• Options: ₹10–₹20 per order

Currency & Commodity

• ₹10–₹20 per order

Kotak Neo Account Opening Charges

• Currently, account opening under the Trade-Free plan is completely free. Even old customers can also opt for this plan and upgrade to it.
• The Trade-Free plan is valid for a lifetime once a trader opts for it. Of course, the trader can opt out of it anytime.
• Also, this plan has no renewal fee. Once chosen, it remains.
• The account opening charge is free now.

Interest Charges

• If stocks are used as a margin for derivative trades, Kotak Neo charge 0.025% per day as interest.
• The interest for the outstanding debit balance on Margin Trading Facility (MTF) is 0.04% per day.
• The interest for other debit balances is 0.05% per day.
• All the interest will be charged on a monthly basis.

Other Fees and Charges

• The STT/ CTT charges are as per prevailing charges.
• There are demat and rematerialisation charges. Demat charges are Rs 150 per certificate + Rs 50 per request (as courier charges).
• The annual maintenance charge (AMC) is Rs 50/ month.
• There’s no charge on the buy side. But for selling, the charges are 0.04% of the scrip value or a minimum of Rs 20.
• There are charges such as pledge charges, client master report charges, and delivery instruction slip resistance charges as well.
• The other payable charges include auction charges, check bounce charges, internal settlement charges, hard copy statement charges, fund transfer charges and other smaller fees.

Services

Kotak Neo provides some premium services. They are –

• Complete set of stockbroking and related services,
• Portfolio Management Services or PMS,
• In-depth market analysis by our team of experts,
• Own depository services,
• Help your customers invest across the globe for international investments and
• Latest market data with insight.

Kotak Neo Trading Platforms

A subscriber of Kotak can trade in the following ways.

• Kotak Neo App and Web – Clients can trade or invest through the web-based or mobile platform of Kotak Neo. This is the most convenient way to place buy or sell orders and handle the portfolio.

• Nest Trading Platform – Kotal Neo also offers the Omnesys Nest trading platform to its customers. To access the Nest platform, clients need to contact the Kotak Neo Customer Service.
• Neo Trade APIs – Clients can also place buy and sell orders and execute algorithmic trading through the Neo Trade APIs. The brokerage is completely free for orders placed through this API.

In addition to the above-mentioned ways, a trader can conveniently trade through dealer-assisted services. So, a trader can use dealer-assisted trading for buying and selling across all segments. The dealer trades for you as per your predefined conditions.

Also, there is the Call & Trade facility. You can call and trade through the dealer. It is a chargeable service. You can call and trade during market hours and can do it from anywhere. Kotak Neo has tried to address every issue a trader faces during trading hours through the multiple services described here.

Opening an Account with Kotak Neo

If you want to open a demat account in Kotak Neo, go to the home page of the company. There, you will see a button saying open an account. You click on that to open an account. After clicking on that button, you will see another window open, like the one shown in the picture. You submit your details there to open your account. In addition, you can also open a paperless digital account by calling over the telephone or asking them to call you back. The account activation completes after you provide all the necessary documents to them. As you can see, you can open your account in Kotak Neo within 60 minutes, as they say.

Open a three-in-one account. They call it a Trinity account, which includes a savings bank a/c, a DP and a trading account in one go.

After you open an account, log in to your account. The login procedure is very simple. You just put your id and password to open the Kotak Neo trading platform for online trading. For trading online or offline, as I explained earlier, do the login to trade. And, I must add, the company has a strong customer care service.

Kotak Neo Customer Care

As we see in the picture above, a trader can chat on WhatsApp during trading hours. The Call & Trade team works through different telephone no. For NRI clients, the number is also different. In addition, there is a chatbot on the Kotak Neo website. Anyone can interact with them through that chatbot, also. Their Email ID is not a single email ID. They have provided different email ids for different purposes.

Kotak Neo Toll-Free Number

Calculate Kotak Neo Brokerage Charges with Brokerage Calculator

When you go to the Kotak Neo brokerage calculator page, just fill in the blank spaces to calculate brokerage for them. Fill in your share buy price, sell price, share quantity and your state to calculate all the fees and charges beforehand. This is the best tool to calculate the charges. Below, I have provided you with a Kotak Neo-style brokerage calculator that you can use instantly.

There is also the Kotak Neo margin calculator. You can calculate the margin money before taking any leveraged position.

More Information on Kotak Neo

It is not a listed company in the stock market yet. Therefore, we do not get the Kotak Neo share price. But they have a presence in the Kotak Mahindra Bank, being a subsidiary. One can trade this in the Equity section.

They also have career options open as of now. Kotak Neo career opportunities are always there for people having a flair for sales. Whenever you visit the home page, you can find careers in the company, you will always find the current openings section.

Kotak Neo Logo

Branches, Offices of Kotak Neo

Below the Home page of the company, there is a branch locator button. When you go to the branch locator, you just put the name of the place where you want to find branches. Once you finish filling in the space, the branch locator will mention names and places along with the location in the Google Maps.

You can also search for “Kotak Neo near me” or the “Kotak Neo branch near me” on this page. Similarly, you can also find the “Kotak Neo office near me” in the same way. Also, you can find information about the company on the Wikipedia website here. In addition, there’s also another page on it in Wiki2.

There are about & offices or branches of the company in Kolkata. You can find them in Kolkata in the branch locator. We can also find many offices of the company in Bangalore as well as in other cities. In Bangalore, presently known as Bengaluru, Kotak Neo has as many as 8 offices.

Comparisons of Kotak Neo Brokerage Charges with Others

Here we would like to compare the services and products with some other top brokers in India. These comparisons will give a clear picture of the worth of Kotak Neo. Hence, as I mentioned earlier, a trader can pass a better judgment on a broker.

Kotak vs Zerodha vs Fyers vs Upstox (REAL COST COMPARISON)

Broker	Intraday	Delivery	Options	Best For
Kotak Neo	₹0 / ₹10	0.25%	₹10–₹20	Full-service users
Zerodha ⭐	₹20	₹0	₹20	Low-cost traders
Fyers	₹20	₹0	₹20	Advanced traders
Upstox	₹20	₹0	₹20	Beginners

Kotak Neo vs Zerodha

• Whenever I start comparing these two, the first thing that comes to mind is the nature of the broking house. Kotak Neo is a full-service broking house. But Zerodha is a discount broker.
• In terms of size, Kotak is vast, having a presence in almost 400 towns and cities, through over 1500 branches. Kotak provides services to its clients through this big network. But Zerodha has very few branches, fewer than 50. Zerodha’s customers mainly trade online themselves as is the case for all discount brokers. Therefore, they do not need branches everywhere like the conventional brokers.
• Kotak’s brokerage charges are similar to those of Zerodha. But the account opening charges are different. Presently, Kotak charges nothing for new account opening, but you pay to open an account in Zerodha. The AMC is Rs 50/ per month or Rs 600 per year for Kotak. But Zerodha charges only Rs 300 for AMC.

Differences in Brokerage Charges

• Zerodha offers a flat Rs 20 brokerage. The equity delivery is free. But Kotak Neo brokerage charges are different. In the earlier section of this article, we have seen that. But the difference is the charges for delivery.
• Zerodha is the pioneer among discount brokers in India. They first came up with the idea of a flat Rs 20 plan. Others followed its path.

Differences in Customer Base

Zerodha has a huge customer base, far higher than Kotak Neo. Also, the customers of these two companies enjoy different types of services. Zerodha customers are more tech-savvy, enjoy trading themselves and comprise mainly younger and otherwise educated people. But the customers of Kotak comprise all kinds of traders, both old and new.

Differences in Trading Platforms

Zerodha Pi and Kite are very fast, real-time trading platforms, well designed to suit every kind of professional trader. Kotak Neo have different kinds of trading platforms to suit the needs of readers from all walks of society. They have tried to take care of all the practical problems that the traders usually face during the day-to-day trading activity. Therefore, the conventional trader would prefer the Kotak more.

Kotak Neo vs Angel One

• Both Angel One and Kotak Neo are full-service brokers. Angel started their business back in 1987. Kotak is somewhat new in comparison. It started its operation in 1994.
• Both of these brokers have a similar kind of brokerage structure. Both of them focus on flat brokerage of Rs 20 per order. However, they don’t charge any brokerage for intraday trade except for high-leverage margin trades.
• Angel One has a unique product named ARQ. It is basically a Robo-advisory engine. This is a highly precise engine for automatic trading or algorithmic trading. Therefore, traders interested in algo trading prefer Angel. In comparison, Kotak Neo focuses more on its research and analysis team. Kotak subscribers get the full advantage of this research during stock trading.
• Both Angel One and Kotak Neo are full-service brokers. Angel started their business back in 1987. Kotak is somewhat new in comparison. It started its operation in 1994.
• Both of these brokers have a similar kind of brokerage structure. Both of them focus on flat brokerage of Rs 20 per order. Kotak, though, doesn’t charge any brokerage for intraday trade except for high-leverage margin trades. But there are some other small differences in brokerage structure between these two.

Some More Important Differences

• Angel One has a unique product named ARQ. It is basically a Robo-advisory engine. This is a highly precise engine for automatic trading or algorithmic trading. Therefore, traders interested in algo trading prefer Angel. In comparison, Kotak Neo focuses more on its research and analysis team. The subscribers of Kotak get full advantage of this research during stock trading.
• Kotak has its own depository services. Hence, it offers 3-in-1 accounts to its customers. Angel does not have its own depository service.
• Also, Kotak has a famous AMC (asset management company) of its own. They have a strong presence in the mutual fund market. Kotak’s customers get the advantages of their research of the AMC research team’s research. Angel One can not provide such advantages.
• Looking at those differences, I should say conventional traders are more inclined to Kotak Neo. But traders who are more inclined to do algo trades and other high-tech trades would opt for Angel One.

Kotak Neo vs HDFC Securities

Both HDFC Securities and Kotak Neo are full-service brokers. Both have AMCs. And both of them attract similar kinds of traders. Also, both provide a 3-in-1 account to their customers. In spite of all these similarities, there exist some differences. Both of these companies compete with each other in the same trading space. This factor has made them more efficient and smarter. Let’s have a look at their special features and their differences.

• HDFC Securities provides different kinds of plans for equity trading and trading in the F&O segments. They call these plans value plans. For equity, they have 6 value plans. HDFC Securities provides these value plans to cater to the different needs of customers. They provide specialised services for each category.

• In the F&O section, HDFC Securities provides different kinds of value plans. With these value plans, they serve customers and provide customised services.

As you can see, the brokerage and other charges vastly vary with Kotak Neo brokerage charges. In every section of the brokerage structure, HDFC has different charges. As a trader, you need to opt for any of these plans to qualify for their services, though the trading volume is an important factor here. In comparison, the brokerage charges of Kotak Neo are different. It does not depend on your trading volume. This brokerage structure is easy to adopt for traders.

These differences in brokerage and other charges will help the traders to pick the best broker or the best plan to suit their own requirements. However, if one is not sure of trading volume, the easiest one is more advisable.

Review of Comparative Study with Other Brokers

In this article, we have compared three highly popular broking firms with Kotak Neo. They are Zerodha, Angel One and HDFC Securities. All of them are special in their own space. All of them provide premium services to their subscribers through their services differ. But from this comparative study, we can draw some conclusions.

Zerodha

Zerodha is a premium discount broker, the pioneer in their field. It has a strong customer base. Zerodha is very popular among the new generation of stock market traders. All tech-savvy, educated stock market traders and IT professionals prefer this broker. The flat Rs 20 per executed order is their brainchild. It also has a good technical and data analysis platform. Traders who love to do their own trades have their own trading system and always prefer Zerodha for its independent nature.

Angel One

Angel One surpassed others as far as algo trading is concerned. Though it is a conventional, full-service broker, it has a very good algo trading platform of its own. A trader can use this Robo trade platform to enjoy complete auto trading. The buy and sell are done automatically as per the given preconditions. Many new-generation traders prefer auto trade so that they can remain in trades while working on their own.

HDFC Securities

On the other hand, HDFC Securities is famous for its customised services. You pay for the premium services you pick. You have complete freedom to choose any of the plans or change them. Premium customers, NRI investors, and HNI investors prefer HDFC Securities because of its premium services. But for retail traders, who do not invest a lot in the market and prefer intraday or swing trading for short terms, they may not need such premium services. They may look elsewhere.

Kotak Neo

Kotak Neo is a company that is very highly rated by its customers. In this article, we have seen how the company has tried to address every issue of the traders and investors and embedded the solutions in their system. Amazingly, they have given solutions for those traders who trade with a slow internet connection. No other has tried to solve this problem, though everybody knew it existed. A subscriber gets very good tips from the very strong research teams of Kotak. The subscriber gets the advantages of Kotak Neo brokerage charges and the new trade-free plan.

Why Kotak Neo Brokerage Charges Feel High (Real Trade Example)

Example Trade: ₹1,00,000 Intraday

Charge Type	Amount
Brokerage	₹0
STT	₹100
Exchange Charges	₹30
GST	₹25
Stamp Duty	₹20
Total Cost	₹175

⚠️ This is why traders feel Kotak is expensive despite ‘zero brokerage’

Conclusion

Looking at all the advantages and after comparing all these top brokers, I find Kotak Neo provides the most acceptable trading platform. It has all the services a full-service broker can provide. Along with that, the trading platforms and the trading apps are very modern, fast and well-integrated. Anyone who is trying to find a new broking platform can easily opt for Kotak Neo broking arm. I assure you, you won’t regret your decision.

FAQ