Anyone using Tickertape for US stocks with a Kotak 811 account? What are the INR → USD conversion charges and other bank fees?
Hi everyone,
I'm planning to start investing in US stocks through the Tickertape app, and I'm considering linking my Kotak 811 savings account for funding my investments.
I have a few questions for anyone who has experience with this setup:
- What charges are applied when converting INR to USD?
- Does Kotak Bank charge any forex markup or currency conversion fee?
- Are there any outward remittance charges, GST, SWIFT fees, or other hidden bank charges?
- Is there a minimum transfer amount or any fixed fee per transaction?
- Have you found the overall charges reasonable, or would you recommend another bank or platform for investing in US stocks?
I'd really appreciate it if you could share your actual experience, including an example of how much you transferred and the total charges deducted.
Thanks in advance!