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Kotak Neo

Zero Intraday Brokeragezero brokerage

Disruptive zero-brokerage trading powered by banking giant Kotak Mahindra

4.6 / 5.0(8,100 ratings)
•Active Clients: 15+ Lakhs•NSE Rank: #5
Open Kotak Neo Zero Brokerage
⚡ ₹0 Intraday Brokerage + Free Demat + 9.75% MTF Interest Rate
Brokerage Value
4.9 / 5.0
Trading Platform
4.4 / 5.0
Customer Support
4.6 / 5.0
Server Reliability
4.7 / 5.0

Kotak Neo Brokerage Charges & Fees (2026)

Official tariff sheet for Equity Delivery, Intraday, Futures, Options, and Demat Maintenance.

Demat Account Opening Fee₹0 (Trade Free Youth) / ₹299 (Trade Free Plan)
Annual Maintenance Charges (AMC)₹0 for 1st Year, then ₹300/year (₹0 for Youth under 30)
Equity Delivery Brokerage₹0 (Trade Free Plan) / 0.25% (Standard)
Equity Intraday Brokerage₹0 (Zero Brokerage for Intraday across all segments)
Equity Futures₹0 (Trade Free Youth) / ₹20 per order (Trade Free Plan)
Equity Options₹0 (Trade Free Youth) / ₹20 per order (Trade Free Plan)
CDSL / NSDL DP Charges₹13.50 + GST per debit transaction
Margin Trading Facility (MTF) Interest9.75% to 12.5% p.a. (One of India's cheapest MTF financing rates)
Developer API PricingFree (Kotak Neo APIs with TradeAPI)
Auto-Squareoff Fee₹50 + GST per order

Why Choose Kotak Neo (Pros)

  • Trade Free Youth Plan: 100% Zero Brokerage across Delivery, Intraday, and F&O for traders under 30
  • True ₹0 Intraday brokerage for all users regardless of age on the Trade Free Plan
  • Cheapest Margin Trading Facility (MTF) rates in the industry starting at 9.75% per annum
  • Institutional safety backed by Kotak Mahindra Bank with seamless 3-in-1 account integration
  • In-house fundamental and technical equity research coverage by Kotak Institutional Equities

Kotak Neo Drawbacks (Cons)

  • Non-youth traders (>30 yrs) pay ₹299 upfront fee + ₹300/yr AMC after the 1st year
  • App UI still evolving compared to native tech apps like Kite or Dhan
  • Customer support routing via IVR can take time during morning peak hours

The NiftyShares Verdict

Kotak Neo has revolutionized banking-backed broking. With ₹0 intraday brokerage and unbeatable 9.75% MTF funding backed by Kotak Mahindra Bank, it gives you discount pricing with Tier-1 bank safety.

Best Suited For: Traders under 30 seeking ₹0 brokerage, high-volume intraday equity traders, and MTF leverage seekers.

Dalal Street Brokerage & Tax Calculator

Simulate trades with live STT, SEBI, GST, Stamp Duty, and DP charges across top Indian stock brokers.

Net Realized P&L
+₹4756.64
Gross P&L: ₹5000.00
Total Brokerage & Taxes
₹243.36
Brokerage: ₹0.00 | Govt Taxes: ₹243.36
Breakeven Price
₹1002.43
Need +₹2.43/share to cover costs
STATUTORY CHARGES BREAKDOWNTotal Turnover: ₹2,05,000
Brokerage (Zerodha)₹0.00
STT / CTT (Securities Transaction Tax)₹205.00
Exchange Turnover Charge (NSE)₹6.09
GST (18% on Brokerage & Trans. Charges)₹1.13
SEBI Turnover Charges₹0.20
Stamp Duty₹15.00
CDSL DP Charges (Upon selling)₹15.93
Z
ZerodhaBenchmark of India

Zero Brokerage on Equity Delivery + Free Access to Coin & Varsity

Open Zerodha Demat Account

Compare Kotak Neo with Other Top Brokers

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Frequently Asked Questions About Kotak Neo

Is Kotak Neo really zero brokerage on intraday?

Yes! On the Trade Free Plan, Kotak Neo charges exactly ₹0 brokerage on all intraday trades across Cash/Equity. F&O is charged at flat ₹20/order, or ₹0 if you are under 30 years old on the Trade Free Youth Plan.

What is the Kotak Neo Trade Free Youth Plan?

Traders under 30 years of age can enroll in the Trade Free Youth plan, which provides 100% ZERO brokerage on all segments—Equity Delivery, Intraday, Futures, and Options—plus zero AMC for 2 full years.

Kotak Neo Trader Community & Reviews

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