What are Account Maintenance Charges in Kotak Securities?
Account Maintenance Charges (AMC) are a crucial aspect of managing a Demat account with Kotak Securities. As a leading stockbroking firm and depository participant (DP), Kotak Securities charges an AMC to cover the costs associated with providing top-notch demat account services to traders and investors. In this article, we will delve into the details of AMC, its significance, and why it is an essential component of the trading experience.
The account maintenance charges of Kotak Securities are listed below.
Kotak Securities Account Maintenance Charges
| Account Head | Cost | Minimum Payable |
| Maintenance Charges for Indians | Rs. 50/- per month | – |
| Maintenance Charges for NRIs | Rs. 75/- per month | – |
Notes:
- When the account is opened, there are no fees to be paid. The remaining costs will be billed each month.
- If charges are not paid on time, the demat account may be blocked from further transactions until all outstanding balances are paid.
- According to SEBI guidelines, all market instructions for transfers must be received by 4.00 p.m. on the working day before the pay-in day at the latest. Prior to the execution date, at least 24 hours must pass before any off-market instructions for transfers are received. Instructions received after the deadline will be accepted at the account holder’s sole risk and expense.
- Fees are subject to change at the company’s exclusive discretion, with notice given to clients in advance or upon adjustment.