Are there any changes in the brokerage charges for Good-Till-Triggered (GTT) orders?
Yes, a minimum brokerage charge of ₹49 is introduced on GTT order.
More FAQs regarding updated brokerage charges for GTT orders
From when are the revised charges applicable?
Starting from 1st April 2025, a minimum brokerage charge of ₹49 will apply when a GTT order is executed through system from T+1 day onwards.
Why are we charging brokerage on GTT orders?
Since the GTT orders that are executed post T day are initiated through system, they will attract system square off charges which is informed under: https://www.kotaksecurities.com/support/what-are-the-auto-square-off-charges-in-ksl/
How will this impact?
Let us explain how will this impact: A minimum brokerage charge of ₹49 will apply when a GTT order is executed post T day. If the brokerage for the executed trade as per your availed plan exceeds ₹49, then you will be levied with charges as per availed plan i.e. whichever is higher.
Example: -
- If your brokerage for the executed trade as per availed plan is ₹30, you will be charged ₹49 (minimum charge).
- If your brokerage for the executed trade as per availed plan is ₹60, you will be charged ₹60 (as it exceeds the minimum).
Will this be charged if my orders get executed on the same day?
No. Minimum brokerage will not be applicable on the GTT order if it gets executed on the same day (i.e., on the day when the order is placed). However, standard brokerage charges will still apply as per your plan if the order gets executed.