What is the Trade Free Max Plan and what are the charges?
Trade free Max is a brokerage plan that gives you 2 key benefits:
- Competitive Margin Trading Facility interest rates which helps you increase your buying power through Margin Trading Facility*
- A brokerage cashback that will give you more than what you’ve paid for!
*Margin Trading Facility lets you buy select stocks by paying only a fraction of the total amount; the rest being paid by Kotak Securities at a very nominal rate of interest.
The charges are as follows:-
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Account opening fee – ZERO
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Plan subscription fee - Rs. 2499 + GST
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Brokerage cashback benefit - Rs. 3499 for upto 90 days
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Plan Validity – 1 year
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All Intraday trades - ZERO brokerage
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All the carry forward Futures & Options, Currency and Commodity transactions - Rs.20 flat per executed order.
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Equity delivery - 0.25% or Rs.20 (whichever is higher) of the transaction value.
To know about the all charges and Interest rates on outstanding balance, please click here
What is the Interest rate in case of ‘Stock used as margin for derivative trades’ in the Trade Free Max Plan?
What are the DP outgoing charges in the Trade Free Max Plan?
What are the charges while trading from the Call & Trade Desk & Dealer assisted orders in the Trade Free Max Plan?
If I opt out/unsubscribe from the Trade Free Max Plan, will my paid subscription fee be refunded?