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Kotak Securities Consumer Complaints

Kotak Securities Track Record Of Best Online Stock Broker In India

  • Life

    4.1

    Company Rating

  • Life

    3500+

    Cities Covered

  • Life

    1 Lack +

    Orders Per Day

  • Life

    90K Crore

    Daily Turnover

  • Life

    7 Lacs+

    Our Client Base

  • Life

    4.2

    Mobile App Rating

  • Life

    4.1

    Company Rating

  • Life

    3500+

    Cities Covered

  • Life

    1 Lack +

    Orders Per Day

  • Life

    90K Crore

    Daily Turnover

  • Life

    7 Lacs+

    Our Client Base

  • Life

    4.2

    Mobile App Rating

 
 
 

Kotak Securities Account Opening Enquiry

 
 
 
 

Kotak Securities Consumer Complaints

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.

Complaints Against Kotak Securities Broker
Kotak Securities brokerage complaints provides the detailed report about the number of complaints received by the stock exchanges. The Kotak Securities consumer complaint report examines the online data provided by BSE and NSE. The report determines the health of the broker.
Such complaints are the serious grievances that are against Kotak Securities broker by their customer that remain unsolved. The customer has then filed these complaints at the National Stock Exchanges. The Kotak Securities complaint determine the number of reports shows the number of active clients. It also determines the health of the broker.

Kotak Securities Consumer Complaints (Yearly-Wise)

Exchange

Financial Year

Number of clients

Total complaints

BSE

2020-21

1,41,971

5

NSE

2020-21

6,85,179

190

BSE

2019-20

1,41,565

21

NSE

2019-20

5,71,806

151

BSE

2018-19

97,102

21

NSE

2018-19

4,35,201

178

BSE

2017-18

1,67,450

35

NSE

2017-18

3,68,638

200

BSE

2016-17

1,11,297

22

NSE

2016-17

2,73,895

123

BSE

2015-16

1,04,710

32

NSE

2015-16

2,46,945

140

BSE

2014-15

71,018

24

NSE

2014-15

2,68,459

151

BSE

2013-14

7,89,341

38

NSE

2013-14

2,23,280

188

BSE

2012-13

7,12,313

46

NSE

2012-13

6,74,160

197

BSE

2011-12

6,25,312

85

NSE

2011-12

6,17,855

163

Kotak Securities complaint at NSE

 

2020-21

2019-20

2018-19

Defaulter Yes/No

No

No

No

No. of clients at the beginning of the year

 

 

 

No. of active clients

685179

571806

435201

No. of complaints received *

190

151

178

Resolved through the exchange

145

133

171

Non actionable **

19

5

0

Advised / Opted for arbitration

1

1

0

Pending for redressal with exchange

25

12

7

No. of arbitration filed by clients

4

5

5

Decided by arbitrators in favour of the clients

0

2

1

Decided by the arbitrators

0

1

0

Pending for redressal with arbitrators

4

3

4

% of No. of complaints as against No. of active clients

0.02

0.02

0.04

% of complaints resolved as against complaints received

86.84

92.05

96.06

Kotak Securities complaint at BSE

 

2020-21

2019-20

2018-19

Defaulter Yes/No

No

No

No

No. of clients at the beginning of the year

4033217

1862779

1575943

No. of active clients

141971

141565

97102

No. of complaints received *

5

21

21

Resolved through the exchange

4

18

20

Non actionable **

0

1

0

Advised / Opted for arbitration

0

2

0

Pending for redressal with exchange

1

3

1

No. of arbitration filed by clients

0

0

1

Decided by arbitrators in favour of the clients

0

0

1

Decided by the arbitrators

0

0

0

Pending for redressal with arbitrators

0

0

0

% of No. of complaints as against No. of active clients

0

0.01

0.02

% of complaints resolved as against complaints received

80

85.71

95.24

 


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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.

Kotak Securities Reviews