Paperless onboarding with instant DigiLocker e-Sign
Company Overview & Market Standing
Kotak Neo is the next-generation trading platform from Kotak Securities Limited, a subsidiary of Kotak Mahindra Bank (founded in 1994, SEBI Reg: INZ000200137, CDSL/NSDL DP). It serves over 3.5 million customers and combines banking pedigree with ultra-low discount broking pricing.
Kotak Neo Demat Charges & Brokerage Table
Segment / Fee
Charges & Rates
Account Opening Fee
₹0 (Free under Youth / Neo Plan)
Annual Maintenance Charge (AMC)
₹0 for 1st Year (₹299 + GST from 2nd year onwards)
Equity Delivery Brokerage
Flat ₹20 per executed order (or 0.25% whichever is lower)
Equity Intraday Brokerage
₹0 (Zero Brokerage under Neo Plan)
Futures & Options (F&O)
₹0 on Intraday F&O trades; Flat ₹20 on carry-forward F&O
DP Charges (per debit)
₹13.50 + GST per scrip per day on debit
* Statutory government levies including STT, Stamp Duty, GST (18%), and Exchange Transaction Charges apply as mandated by SEBI.
Trading Features & Platform Capabilities
TradingView charting with 100+ technical indicators and instant order entry
Pay Later MTF (Margin Trading Facility) with competitive annual rates
Bracket Orders (BO) and Cover Orders (CO) for disciplined intraday risk management
Instant funds withdrawal to Kotak Mahindra Bank savings accounts
IPO Availability: Instant IPO bidding via UPI ASBA with automatic mandate approvals on Kotak Mobile or third-party UPI apps.
Mobile Application: Kotak Neo App (iOS & Android) — rated 4.4★ with fast biometrics, basket orders, and real-time portfolio tracking.
Pros & Cons of Kotak Neo
✓ Advantages & Pros
Zero intraday brokerage across Equities, Equity F&O, and Commodities
Exclusive Free Youth Plan for investors and traders aged under 30
Backed by the trusted Kotak Mahindra Group banking infrastructure
Fast paperless onboarding with instant DigiLocker e-Sign
✕ Drawbacks & Cons
Delivery trades carry brokerage (₹20 per order), unlike pure zero-delivery discount brokers
AMC applies from the second year onwards for non-youth plan subscribers
Occasional peak-hour execution delays reported during high-volatility sessions
Who Should Choose Kotak Neo?
Ideal for intraday equity and derivatives traders, young investors under 30 seeking zero brokerage, and existing Kotak Mahindra Bank customers looking for rapid funds transfer.
Eligibility Criteria
Resident Indian citizen aged 18 years or older.
Valid PAN card, Aadhaar card linked with active mobile number for OTP e-Sign.
Active Indian savings bank account in applicant's name.
Must be a new customer not previously registered with Kotak Securities.
How To Claim the Offer
1
Click the [REFER NOW] button to open the official Kotak Neo portal.
2
Enter your mobile number, verify OTP, and link your email address.
3
Complete online paperless KYC using Aadhaar DigiLocker and upload PAN & bank proof.
4
Complete video in-person verification (IPV) and e-Sign using Aadhaar OTP.
5
Receive account login credentials upon approval and start investing.
Note: Rewards and eligibility are determined by Kotak Neo upon successful verification. DematRefer does not guarantee reward payouts.
Terms & Conditions
A fresh referral link is recommended for each invitation directly from the Kotak Neo app.
The referee must use the unique link and must not have previously registered their mobile or PAN with Kotak Securities.
One-time rewards and monthly invitation caps are subject to user account eligibility.
Referral rewards are credited to the user account ledger following validation by Kotak Securities.
Official Website & Terms
Review official offer details and verified terms directly on the provider's portal:
Eligible users can earn up to ₹300* per successful referral when a friend opens a verified Kotak Neo Demat account via an official invitation link.
Online KYC verification via DigiLocker and Aadhaar OTP typically activates your Kotak Neo account within 24 to 48 business hours.
Under the Kotak Neo Trade Free plan, intraday trades across Equities and F&O have ₹0 brokerage charges.
Referral Disclosure: Some links on DematRefer may be referral or affiliate links. We may receive a commission when eligible users complete qualifying actions through these links at no extra cost to you. Read our full Affiliate Disclosure.
Risk Disclosure: Securities investments carry market risk. Read all scheme-related documents carefully before opening an account or investing.
