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Kotak Securities Online Account Open Process, Forms and Fees
Kotak Securities Track Record Of Best Online Stock Broker In India
Kotak Securities Online Account Open Process, Forms and Fees
The Kotak Securities Limited was a subsidiary of Mahindra Bank that was founded in the year 1994. They provide various stock broking service and distributes various financial products in India. The company is famous for its out of the box ideas over the past years. In other words, they are well-known and well-respected full-service brokerage firm. The company is listed in BSE and NSE is also a depository participant with NSDL (National Securities Depository Limited) and CDSL (Central Depository Services Limited).
Kotak Securities is a brokerage firm that offers its services across all the financial trading asset classes. It was initially incorporated in Mumbai, Maharashtra. It serves the traders and investors from all nation. The company has earned over 13 lakh active accounts in the present that are managed by the giant and great network of more than 1200 branches that are spread across 177 cities in India.
It was the first stock broker in India that introduced various mobile stock trading app that will easily keep the record and track all the investments of an individual on the go. The firm also introduced the concept of SMS alerts right before the execution of depository transaction.
Kotak Securities Account Opening
Kotak Securities provides broking services and distributes various financial products in India. It is a corporate member with the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The broker is a depository participant with NSDL (National Securities Depository Limited) and CDSL (Central Depository Services Limited).
Kotak Securities offers the three-in-one account that allows various investors to open their demat account, trading account and bank account altogether with the Kotak Mahindra Bank Limited. An individual can open those account on their own at the same time with a single application form. A customer using a three-in-one account manually transfer money to trading account from the bank account. After opening an account an individual can trade in Equity, F&O, IPO, Mutual Fund, ETF, Tax free bonds, Currency derivatives and Gold ETF, etc.
Documents Necessary to open an account with Kotak Securities
A certain set of documents is required to open a demat account with Kotak Securities. The list of the documents is below:
• Pan card.
• An Identity Proof (Aadhar card/ Passport/ Driving License).
• An Address Proof (Ration card/ Rent agreement/ Electricity bill).
• Income proof (Income Tax Return/ Salary slip).
• Cancelled cheque.
• Passport size photographs.
Procedure to open an account with Kotak Securities
Follow the below steps to open an account by online method:
1. Visit official website of ‘Kotak Securities’.
2. Click on ‘Open an account’.
3. Fill all the required details.
4. Enter your PAN and Aadhar details for KYC.
5. Upload scanned copies of required documents.
6. Complete your in-person verification (IPV).
Shortly, you will receive a client code of your demat account generally known as BOID (Unique beneficiary owner identity).
Follow the steps to open an account by offline method are:
1. Fill in the Contact us form present on the Kotak Securities website. Enter the details such as name, phone number, email address, city and submit the application form. Once the form is submitted a Kotak Securities representative will contact you.
2. The form can be download from the website. Fill in the details and then submit it to registered office.
Account Opening Charges
Trading account opening charge
Account AMC charges
Demat Account Opening Charges
Demat AMC (Yearly)
Key Features of Kotak Account
1. It offers a trinity account that offers seamless transactions between the trading and demat account.
2. It provides an online access to the shares, bonds, mutual funds and much more that you hold.
3. It provides the easy conversion of the physical holdings into the electronic form.
4. It credits the dividends automatically into the linked bank account.
5. It provides easy access to online portfolio management.
6. It provides the local customer support through various branches in almost all the towns and cities in India.
Frequently Asked Questions
Yes, Kotak Securities offer online IPO applications to its customers. IPO offers an early opportunity to buy shares of companies that are not previously traded publicly.
Each scheme has a minimum transaction amount. The amount differs from scheme to scheme. The minimum amount is mentioned for each scheme in the scheme information document.
Kotak Securities charge 0.049% (on both side) for equity, currency and commodity futures trading.
Yes, modifications can be done on the online portal and the final amount payable will be blocked by the bank subsequently.
Kotak Securities is a Full-Service Broker and thus the brokerage charged by them is higher than the discount brokers.
Yes, Kotak securities allows to place three orders at different rates.
Kotak Securities charge 0.49% for equity delivery trade. These trades are known as cash and carry trades or CNC.
The customer can apply in an IPO at any time between the IPO open and close date. The online IPO application can be filled and submitted at any time of the day.
A customer can apply up to five application allowed to the Kotak Mahindra Bank Account.
The amount blocked in your bank account supporting the ASBA application cannot be withdrawn till the time of allotment.
There is no charge for opening the demat account with Kotak Securities broker. In fact, there is no amount charged for opening any of the three accounts i.e. Demat, Trading and Bank account.
As per the new process if an individual sells their holdings then they must be sold in the following sequence. First stock you hold as BNST will be sold. Second stocks you hold in the demat account and third stocks you own under Margin finance will be sold.
No, Kotak securities website allows IPO application only to the Trinity account holders.
Yes, the customers can check the Kotak Mutual Fund status online. To check the status of your Mutual Fund investments are: 1. Login to Kotak Securities Account. 2. Click on reports. 3. Visit the mutual fund section. 4. Select Check order status.
Kotak Securities is a Limited firm and is a member of BSE, NSE, MSE, MCX, NCDEX. It is also registered as a depository participant with NSDL and CDSL.
Realized profit is the profit that comes from a completed trade. It means that the trade that has been exited. The realized profit is usually already deposited into the trader’s trading account and can simply be withdrawn from their trading account to bank account.
It charges 0.049% for Intra-day trades. These orders are known as Margin Intraday square-up or the MIS orders. All the open Intraday orders are auto squared-off at the end of each day. Extra leverage can be offered for these trades.
A ledger balance is computed by the bank at the end of each business day. It includes all the withdrawals and deposits to calculate the total amount of money in a bank account. The ledger balance is the opening balance in the bank account next morning and remains all day.
The Kotak Securities mobile application supports iOS, Android, Blackberry, Windows Java Operating Systems.
No, Kotak securities does not provide margin funding.