Flat Brokerage

Hi Everybody
Kotak Securities has started FLAT BROKERAGE of Rs 9 ( nine)
per trade.For details go to www.kotaksecurities.com

After reading complete information in kotak securities website.

It is not at all "FLAT". Read below
------------From Website--------------
Kotak Flat
Rs. 9 per trade Rs. 20 per trade
Monthly Fees Rs. 499 Nil
Max exposure against margin Rs. 9 Lakh Rs. 9 Lakh
Delivery Rs. 9 Rs. 20
Cash Square up Rs. 9 Rs. 20
Derivative Rs. 9 Rs. 20

The Flat brokerage rate is applicable for multiples of the order values mentioned below


Transaction Type Order Value
Delivery Rs. 5,000/-
Cash Square up Rs. 50,000
Derivative Rs. 50,000

For Example. If you place and intraday order of Rs. 100000 under the Kotak Flat Rs. 9 per trade plan then you would be charged Rs. 18 as brokerage.
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How come this is flat? if you are paying 9 Rs or 20 Rs for multiple of 5000 Rs trade value for delivery based.
If it is 9Rs, then you need to pay 499 Rs monthly fee.

We can't expect innovative products from consevative brokerage house.

rightly said murali. and folks beware of that cute little *

This scheme is a laughable ripoff. Doing 5 trades of 10000 each will cost 5 times as much as 1 trade 0f 50000

This scheme is like lifetime offer by mobile companies
in which we hav to charge the mobile after every 6 month (life long)

actually theres more than what less mortal like us could see.

suppose one is buying (for delivery) to an amount of Rs. 6000.00, then also you pay for 10,000.00 remember its flat rate which gonna sure make one flat.

Rightly said Murali bhai,keep it up

It is heard that R-Trade Securities and SBI are going for Flat brokerage.

Those who trade in low priced scrips, this scheme is quite useful. But beware of Kotak's customer service and slow speed of KEAT.
e.g. My friend had deposited cheque at Kotak in Mar 06, The cheque has bounced and in Aug. 06 the same cheque is shown to be cleared....

I have just called up a Kotak executive to get myself registered till I saw the posts by the members in this forum.

Seems the conditions imposed r very stringent. However let me meet them and find out high big a congame is this. Will keep all of u posted.