1.24%13,85,446 Clients
Trade smarter with Kotak Neo low-cost plans.
₹10 per order – Intraday
₹10 per order – Futures & Options
₹0 Brokerage on Delivery Trades (Youth Plan*)
Kotak Neo is leading stock broker in India. Kotak Neo is retail broking and investment arm of Kotak Bank, a popular private sector bank in India part of Kotak Mahindra Group.
The services offered by Kotak Neo includes Equity Trading, Currency Derivatives Trading, Commodities Trading, Demat Services, IPO Mutual Fund, Bonds, NCD and Portfolio Management Services (PMS).
Demat account is one of the key service offered by Kotak Neo. Demat account allows its customers to hold shares in an electronic format.
The Trinity account, a 3-in-1 account which is combination of a saving bank account, a demat account and a trading account is the most popular offering of Kotak Neo. The Trinity acct offers easy seamless transactions between these 3 accounts.
You can also open just Demat account or a 2-in-1 Demat and Trading account with Kotak.
Kotak is depository participant (DP) with both National Securities Depositories Limited (NSDL) and Central Depository Services Limited (CDSL).
Key features offered by Kotak Demat Account include:
| Service | Charges |
|---|---|
| Demat Account Opening Fee | Rs 0 (Free) |
| Demat Account Annual Charges (AMC) | Rs 600 |
Kotak Neo Demat Charges
Kotak Neo trading and demat account opening fees are Rs 0 (Free). Kotak Neo charges Rs 600 per year demat account AMC. Kotak Neo demat debit transaction fee of 0.04% + NSDL charges (minimum Rs 20) per debit transaction.
| ID | Transaction | Charges |
|---|---|---|
| 1 | Demat Account Opening Charges | Rs 0 (Free) |
| 2 | Transaction Charges (Buy) | 0.04% + NSDL charges (minimum Rs 20) |
| 3 | Annual Maintenance Charges (AMC) | If More than Rs. 4 lakhs but up to Rs. 10 lakhs - Rs 100+GST p.a. If greater than ₹10 lakhs - Rs 50+GST per month. |
| 4 | Demat + Courier charges | Rs. 150 per certificate + Rs. 50 per request courier charges |
| 5 | Remat | Rs.10 for 100 securities (Minimum payable Rs.15) |
| 6 | Pledge Creation | Rs 20 per ISIN |
| 7 | Pledge Creation Confirmation | Rs 20 per ISIN |
| 8 | Pledge Invocation | Rs 20 per ISIN |
| 9 | Failed Transactions | NA |
| 10 | Other Charges | NA |
Kotak Neo Trade Free Plan
Open a 3-in-1 account and get:
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Kotak Neo offers a completely digital, paperless, and free Demat account opening.
For opening a Demat account with Kotak Neo:
After opening an account with Kotak Neo, you can start trading using the Kotak Neo mobile app, website, or Desktop app.
Kotak Neo Demat account is an online account that is used to hold Stocks, Mutual Funds, IPO shares, and Bonds in an electronic format.
Kotak Neo Demat account gets debited or credited based on the trading activity in the linked trading account. You can sign the POA with the broker that authorizes the broker to debit your Demat account and transfer securities towards Exchange related settlement.
You can either open a Standalone Demat account, a 2-in-1 account, or a 3-in-1 account with Kotak Neo.
Kotak Neo is a Depository Participants with both CDSL and NSDL. You can choose any of the DP while trading with Kotak Neo.
NSDL and CDSL are the two depositories of India that hold shares, bonds, mutual funds, and other securities of investors in the electronic form in the Demat accounts.
If you have an account with CDSL, your Demat account number will have 16 digits numeric code, and if your account is with NSDL, it will have 14 digits numeric code starting with the alphabets IN.
Yes, Kotak Neo is a SEBI registered Depository Participant, having membership with both CDSL and NSDL. Kotak Neo acts as an intermediary between your Demat account and the depository institutions - CDSL and NSDL.
Kotak Neo Depository Participant Details:
You can choose either of the DP - CDSL or NSDL while opening an account with Kotak.
Kotak Neo Demat account offers flexibility to the investors to choose from either of the depositories - CDSL or NSDL while opening an account with the broker.
Kotak Neo Demat account is safe as any other Demat account as Kotak Neo only facilitates to provide depository services through its membership with NSDL and CDSL and do not own the securities lying in the Demat account.
Kotak Neo offer free Demat account opening with annual maintenance charges up to Rs 780 (charged monthly) based on the holding value of the securities and the number of debit transactions per month.
You can open either a standalone Demat account, Trading and Demat account, or, Trading, Demat and Bank account with Kotak.
Kotak Neo DP ID is a unique ID assigned to Kotak Neo by NSDL and CDSL. The DP ID for Kotak Neo remains the same across all clients based on their account with NSDL or CDSL.
NSDL DP ID is an 8-digit alphanumeric ID starting with IN, while CDSL DP ID is an 8-digit numeric ID.
Kotak Neo DP ID Details:
Kotak Neo Demat account cannot be closed online. Kotak Neo Demat account closure is an offline process wherein you are required to submit a duly filled physical account closure form to the nearest branch or send it to the correspondence address mentioned in the closure form.
Before initiating the Demat account closure, ensure to transfer the securities, if any, in the Kotak Neo Demat account to another Demat account or sell them off.
The account closure form is available on the Kotak Neo website under the Help section.
Adding nominee in Kotak Neo Demat account is an offline process. You can add the nominee (maximum 3) either at the time of account opening or at a later stage.
Steps to add nominee in Kotak Neo Demat account:
The Demat account number is assigned at the time of opening the account with Kotak Neo. You can check the Demat account number anytime by logging into your profile.
Steps to know Demat account number in Kotak Neo:
The screen will display Client ID and DP ID that represents your Demat account number.
Information on this page was last updated on Friday, July 5, 2024
Trade smarter with Kotak Neo low-cost plans.
₹10 per order – Intraday
₹10 per order – Futures & Options
₹0 Brokerage on Delivery Trades (Youth Plan*)
Trade smarter with Kotak Neo low-cost plans.
₹10 per order – Intraday
₹10 per order – Futures & Options
₹0 Brokerage on Delivery Trades (Youth Plan*)
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