Geojit Vs Kotak Neo (Compare Geojit and Kotak Neo)

About Geojit

Incorporated in 1987, Geojit BNP Paribas (Geojit) is one of the major stock brokers based in India. Geojit is based in Kochi, Kerala and has the strong presence in Gulf. Geojit BNP Paribas is cash equity and derivatives broker with extensive experience in Portfolio Management Services and the distribution of financial products: mutual funds and life insurance. Geojit provides stock trading at ... Know more about Geojit

About Kotak Neo

Incorporated in 1994, Kotak Neo is a full-service stock broker offering 3-in-1 account (Bank + Trading + Demat Account) to retail investors in India. It offers investment in equities, derivatives (equities, commodities, currency) and mutual funds. It also offers services like Research SMS, margin trading, depository services and third-party products like insurance. The company also provides d... Know more about Kotak Neo

Geojit Vs Kotak Neo

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Incorporated in 1987, Geojit is a Full Service Broker. It offers trading at BSE, NSE, MCX-SX. It has 509 branches across India. Incorporated in 1994, Kotak Neo is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX. It has 153 branches across India.

 GeojitKotak Neo
Type of BrokerFull Service BrokerFull Service Broker
Exchnage MembershipBSE, NSE, MCX-SXBSE, NSE, MCX, NCDEX
Year of Incorporation19871994
Number of Branches509153
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Geojit Vs Kotak Neo Charges & AMC

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Geojit trading account opening charges is Rs 0 (Free) while Kotak Neo account opening changes is Rs 0 (Free). Geojit Demat Account AMC Charges is Rs 400 per year and Kotak Neo Demat Account AMC Charges is Rs 600.

 GeojitKotak Neo
Trading Account Opening ChargesRs 0 (Free)Rs 0 (Free)
Trading Account AMC ChargesRs 0 (Free)Rs 0
Demat Account Opening ChargesRs 0 (Free)Rs 0 (Free)
Demat Account AMC ChargesRs 400 per yearRs 600

Geojit Vs Kotak Neo Brokerage

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Geojit Brokerage Charges for equity is 0.30% and intraday is 0.03% whereas Kotak Neo brokerage charges for equity is 0.20% (free for the first 30 days) and Intraday is Rs 10 per order or 0.05%, whichever is lower.

Account TypeGeojit Online Traditional PlanKotak Neo Trade Free Plan
Fixed Charges
Equity Delivery0.30%0.20% (free for the first 30 days)
Equity Intraday0.03%Rs 10 per order or 0.05%, whichever is lower
Equity Futures0.01%Rs 10 per order
Equity OptionsRs 50 per lotRs 10 per order
Currency Futures0.01%Rs 10 per order
Currency OptionsRs 50 per lotRs 10 per order
Commodity FuturesNARs 10 per order
Commodity OptionsNARs 10 per order
Special Offer

Zerodha (Flat Rs 20 Per Trade)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

Special Offer:

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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Geojit Vs Kotak Neo Brokerage Plan 2

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 GeojitKotak Neo
Account TypeGTrade MaxTrade Free Youth
Fixed Charges
Equity Delivery0.30%Rs 0
Equity IntradayRs 20 per trade or 0.03% which is lowerRs 10 per order or 0.05%, whichever is lower
Equity FuturesRs 40 per lotRs 10 per order
Equity OptionsRs 20 per lotRs 10 per order
Currency FuturesRs 40 per lotRs 10 per order
Currency OptionsRs 20 per lotRs 10 per order
Commodity FuturesNARs 10 per order
Commodity OptionsNARs 10 per order
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Geojit Vs Kotak Neo Brokerage Plan 3

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 GeojitKotak Neo
Account TypeOnline Traditional PlanTrade Free Pro
Fixed ChargesRs 249
Equity Delivery0.30%0.10% (free for the first 30 days)
Equity Intraday0.03%Rs 10 per order or 0.05%, whichever is lower
Equity Futures0.01%Rs 10 per order
Equity OptionsRs 50 per lotRs 10 per order
Currency Futures0.01%Rs 10 per order
Currency OptionsRs 50 per lotRs 10 per order
Commodity FuturesNARs 10 per order
Commodity OptionsNARs 10 per order
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Geojit Charges Vs Kotak Neo

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Minimum Brokerage1p per share or Rs 20/contract whichever is higher
Other ChargesIntraday Auto Square off at Rs 20 per lot
Call & Trade ChargesRs 49 + GST per executed order
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Geojit Vs Kotak Neo Leverage (Margin)

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Geojit margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Kotak Neo margin for intraday trading is up to 20% of the trade value (4x leverage) based on the stock.

 GeojitKotak Neo
Equity Delivery100% of trade value (1x leverage)100% of trade value (1x leverage)
Equity IntradayUp to 20% of trade value (5x leverage)Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm)100% of NRML margin (Span + Exposure) (1x leverage)100% of NRML margin (Span + Exposure) (1x leverage)
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Compare Geojit and Kotak Neo Features

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The trading platforms offered Geojit include Selfie Platinum, Selfie Gold, Mobile App. Kotak Neo offers Kotak Neo Trading App, Kotak Neo Web, Nest Trading Terminal trading software.

 GeojitKotak Neo
3 in 1 AccountNoYes
Automated TradingNoYes
Margin Trading FundingYesYes
Margin Against Shares (Equity Cash)NoYes
Margin Against Shares (Equity F&O)NoYes
Trading PlatformSelfie Platinum, Selfie Gold, Mobile AppKotak Neo Trading App, Kotak Neo Web, Nest Trading Terminal
Intraday Square-off Time3:20 P.M
Trading In SME Shares Allowed?NoYes
Referral ProgramNoNo
Other Features3-in-1 account
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Geojit Vs Kotak Neo Review

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Geojit is rated of 5 based on 113 customer reviews whereas Kotak Neo is rated of 5 based on 202 customer reviews.

 GeojitKotak Neo
 113 Customer Reviews    Rate Geojit202 Customer Reviews    Rate Kotak Neo
FeesRated 3.5 starsRated 2.4 stars
BrokerageRated 3.2 starsRated 2.3 stars
Trading PlatformRated 3.9 starsRated 3.2 stars
Customer ServiceRated 3.7 starsRated 2.8 stars
Research CapabilitiesRated 2.7 starsRated 2.7 stars
Overall RatingRated 3.6 starsRated 2.4 stars
Broker RatingGeojit is Rated 3.6 / 5 based on 113 customer reviewsKotak Neo is Rated 2.4 / 5 based on 202 customer reviews

Contact Broker / Request A Call Back

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 GeojitKotak Neo
Contact Broker
Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

Trade smarter with Kotak Neo low-cost plans.
₹10 per order – Intraday
₹10 per order – Futures & Options
₹0 Brokerage on Delivery Trades (Youth Plan*)

Open Instant Account Now

Geojit Vs Kotak Neo Investment Options

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 GeojitKotak Neo
Stock / EquityYesYes
CommodityNoYes
IPOYesYes
Mutual FundsYesYes
Bond / NCDYesYes
DebtYesYes

Geojit Vs Kotak Neo Order Type Offered

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Geojit Vs Kotak Neo Suitable For Investor Type

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 GeojitKotak Neo
Casual InvestorNoYes
Active InvestorYesYes
TraderNoNo

Geojit Vs Kotak Neo - Pros and Cons

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 GeojitKotak Neo
Pros
  • Free research and ecommendations.
  • Free account opening.
  • Rs 20 per trade Intraday trading brokerage in GTrade Max plan.
  • 4 times exposure through MTF
  • Access to 472 branches for customer support.
  • Offices in UAE, Oman, Bahrain and Kuwait to help NRI investors.
  • Excellent online trading platforms.
  • Kotak Neo is a bank-based broker offering a 3-in-1 account.
  • Brokerage free intraday trading with online trading plans.
  • Zero brokerage across all segments for investors up to the age of 30 years.
  • Company is part of leading private bank (Kotak Mahindra Bank).
  • NEST trading platform is available for frequent traders.
  • Charges are lowest amoung bank-based brokers.
Cons
  • High brokerage charges across all segment in comparision to other full-service brokers like Angel Broking, IIFL and Edelseiss.
  • High minimum brokerage charges of Rs 20 per lot or 1 paisa per share whichever is higher.
  • High Equity delivery brokerage charges.
  • High demat AMC changes.
  • Kotak Neo website and mobile app is not as good as new age brokers like Zerodha and Upstox.
  • A widely advertised Zero Stock Delivery Brokerage Plan is available only to investors up to the age of 30 years.
  • The account switching fees for existing clients is Rs 499.
  • Margin funding facility causes confusion amount investors who ended up paying high interest charges unknowingly.
Reviews
Promo / Offers

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

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Kotak Neo Special Offer

Kotak Neo Trade Free Plan

Open a 3-in-1 account and get:

  • Brokerage – Rs 10 Intraday trades (Equity and F&O)
  • Flat Rs 10 per trade brokerage in F&O
  • Zero API charges with zero brokerage on API-routed trades
  • Margin Trading Facility (MTF) with interest starting from 0.041% per day

Interested in opening a trading account? Open Instant Account Now

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Side-by-Side Comparison of Broker