Portfolio Investment Scheme
Experience the all-new Kotak Netbanking
Simpler, smarter & more intuitive than ever before
Quick Help
Frequently Asked Questions
Show More
For Kotak Bank Customers
For Kotak811 Customers
Experience the all-new Kotak Netbanking Lite
Simpler, smarter & more intuitive than ever before. Now accessible on your mobile phone!
Programme Clients
| SR No. | Fee Head | Fees* |
|---|---|---|
| 1 | PINS Approval Issuance Fee (One Time Fee) | NIL |
| 2 | PINS Annual Account Maintenance Fee | ₹1,000* |
Non-Programme Clients
| SR No. | Fee Head | Fees* |
|---|---|---|
| 1 | PINS Approval Issuance Fee (One Time Fee) | ₹2,750 |
| 2 | PINS Annual Account Maintenance Fee | ₹1,000 |
*Plus, GST as applicable (including education cess and secondary and higher secondary cess).
Terms and Conditions -
1. Charges/Service standards are subject to revision at the Banks’s sole discretion and as informed by circulars sent by email/ordinary post.
2. Account maintenance fees are non-refundable and levied calendar year basis annually.
3. PINS approval Issuance Fee is a one-time fee.
4. All fees will be debited to the designated PIS/Savings Account.
5. The above charges are independent of the demat account charges and the Brokerage.
6. This fee schedule is applicable for Trinity accounts with Kotak securities as broker.
For Offline Clients -
Programme Clients
Sr No |
FEE HEAD |
FEES* |
|---|---|---|
1 |
PINS Approval Issuance Fee (One Time Fee) |
NIL |
2 |
PINS Annual Account Maintenance Fee |
₹1000* |
Non-Programme Clients
Sr No |
FEE HEAD |
FEES* |
|---|---|---|
1 |
PINS Approval Issuance Fee (One Time Fee) |
₹1500 |
2 |
PINS Annual Account Maintenance Fee |
₹1000 |
3 |
Transaction Fees (Per contract -Purchase and sale separate contract notes) |
₹100 |
4 |
CA certificate for Deduction of Long term/Short term Capital Gains Tax |
₹100 per transaction ₹300per certificate. # |
*Plus, GST as applicable (including education cess and secondary and higher secondary cess).
# One Certificate is issued per day per trading ID.
Terms & Conditions
1. Charges/Service standards are subject to revision at the Banks’s sole discretion and as informed by circulars sent by email/ordinary post.
2. Account maintenance fees are non-refundable and levied annually on a financial year basis.
3. Fees for issuing approvals and annual account maintenance fee will be debited annually, while the fees for processing the sale proceeds will be debited each me the transaction is processed.
4. PINS approval Issuance Fee is a one- me fee.
5. All fees will be debited to the designated PIS/Savings Account.
6. The above charges are independent of the demat account charges and the Brokerage.
7. The above transaction charges and CA certificate charges will be levied in case of
a) Processing of sale proceeds purchased through primary market (customer not registered for PINS).
b) Processing of sale proceeds purchased through primary market as a resident/non-resident/inherited (by customer registered for PINS).
c) Processing of sale proceeds of ESOP shares.
Portfolio Investment Scheme (PINS) allows Non Resident Indians(NRIs) or Overseas Citizen Of India (OCI) to invest in shares or convertible debentures (sale or purchase) of an Indian company in the secondary market on repatriation or non-repatriation basis through registered stock broker on a recognized stock exchange, subject to terms and conditions as specified in FEMA.
No, PINS account is mandatory only once the transactions are routed through secondary market. In case of purchase of shares in primary market on repatriation basis, the application money can be paid through NRE accounts or inward remittance through normal banking channel.
No, PINS account is mandatory only once the transactions are routed through secondary market. In case of purchase of shares in primary market on non-repatriation basis, the application money can be paid through NRE/NRO accounts or inward remittance through normal banking channel.
