Every month these people deduct amount from saving account as well as demat account. No transparency. Poor customer service and worst software which getting hang during transaction time doesn’t matter whatever good configuration smart phone you are using. When I asked them about the deduction what reply they have given .
The DP charges are Rs.56.18/-( INCLUSIVE OF SERVICE TAX) per month however these charges also include various other account head such as Dematerialization, Rematerialization, Market Transactions(Sell), Off Market Transaction(Sell), Account Maintenance Charges, Pledge Charges, Invocation Of Pledge, Borrowing Of Securities, Custody Charges and Charges for Client master change intimation.
Off - Market Transactions(Sell) charge is 4.50(NSDL charges)+ 0.04% of the value of the securities or 4.50(NSDL charges)+ Rs. 27/- whichever is higher.
Apart from monthly charges and intra and interday day trading charges they didn’t mention any other charges at the time of account opening.
I have very bad experience with Kotak securities and will suggest never go for it. These are true robber with educated mind. And a educated robbers are more dangerous then the illiterate. Save you money and live happy life.
Every brokers will ask you to open DEMAT account and ask you its safe and you can make money but true part is they asking people to open account so that they can make more money by share hashing.
If still you want to do trading do your analysis about the stock. These guys has deal with companies for there shares and also make rumors too just to increase or decrese the share prices as per there benefits. Its a very dangerous field for retail investors so please think 10 times before investing your hard earned money in shares.
After giving these charges and share price volatility I don’t think making consistent money in share market is a easy task. I lost around 1 lakh and many of fiends who has invested still in loss only.
Its your money and its your decision.
Can you believe 25% interest charges they are deducting.
Also nobody will take care your complaint.
Same with Kotak bank also please avoid any service from any kotak product.