Kotak Securities Demat Account Review – Account Opening, Features, Charges, Offers & more

Kotak Securities Demat Account is one of the fastest growing account in India recently. The company is best known for offering financial solutions and stock broking services in the country.

They have 1,209 branches, satellite offices, franchises, and more than 11 lakh clients nationwide.

For a Kotak Securities Account Opening, the clients must pay 99 INR, and AMC charges for every year are 300 INR.

The broker offers many premium facilities to the users. In this article, we will write about Kotak Securities Demat Account Review to help make the right decision.

Kotak Securities Demat Account: Top Features

To start working with Kotak Securities, you should know the key features. This key feature presents the various reasons to opt for the Kotak Securities demat account. Here is the list.

• They have more than 1400 branches nationwide. The user can reach out to their office or contact them online for their queries.
• This broker offers a wide variety of investment and trading options. The customer can work through futures, commodities, currencies, equities, IPOs and mutual funds.
• Right now, they have more than 10 lakh active demat accounts. Their charges for opening an account and for AMC are also quite reasonable.
• The company also provide referral income to their clients. The referral offer is 10% + upto 500 INR for every client. This is an excellent way to make extra income.
• Kotak Securities account also provides users with free trading calls and reports. It triggers their motivation, and would love to work with them.

Before enrolling for the demat account, you should know about all the charges you need to pay.

The account opening charges with Kotak Securities are 99 INR. The Kotak Securities AMC for every year is 300 INR.

The account closure and reactivation with Kotak Securities is free of cost. The dematerialization charges are 50 INR for every certificate.

The trade and call charges are 90 INR for every trade. The DP charges are 21 for every scrip.

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Kotak Securities Demat Account Opening Process: Step-by-Step

If you look forward to opening your demat account, here is the step-by-step process. The user is allowed to open their account online as well as offline.

In this section, we will learn about both modes individually for the detailed Kotak Securities Demat Account Opening procedure.

How to Open a Demat Account in Kotak Securities? – Online Process

Many people are searching for information on how to open a Demat account with Kotak Securities. Here, we have listed the procedure for you so that there should be no confusion. Have a look:

• Click the “open demat account” tab on the same web page to start the process. A form will open before the user.
• The user needs to fill out the form to proceed further. Now, you will receive a call from the company shortly.
• The executive will guide you further through the procedure and the documents you must submit.
• The online account can be opened within a few hours.

How to Open a Kotak Securities Demat Account? – Offline Process

To initiate the offline account opening process with us, kindly contact our customer service centre or visit any of our nearest branches.

Contacting customer care will help you with your queries about opening a Kotak Securities Demat account.

Ensure you have the following documents ready for a seamless account opening experience:

• Choose one as identity and address proof: Aadhaar, driver’s license, passport, voter ID, or NREGA card.
• Provide a clear copy of your PAN Card.
• Bank Account proof
• Optionally, include financial evidence.

Complete our account opening and KYC forms, providing the necessary support documents as required.

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To open a demat account with Koatk Securities, the user must keep their document handy. Here are the documents you need to have:

• Passport-size photographs.
• A PAN card copy is compulsory.
• Identity proof documents such as Voter ID cards, Aadhaar cards, driving licenses, PAN cards, passports, etc are required. You can submit any one of them.
• A copy of Income proof, like an Income tax certificate, salary slip, etc., must be provided.
• Address-proof documents are also required. The client must provide documents like Voter ID cards, Aadhaar cards, driving licenses, PAN cards, passports, etc.

The client needs to keep these documents ready if they are looking forward to opening the Kotak Securities account.

How to close a Kotak Securities Demat account?

There can be any reasons for which you need to close your demat account. Here is a quick guide about how to close your Kotak Securities demat account.

• Reach out to the official websites.
• Check out the help section and hit on forms.
• Now, download the closing forms.
• Fill out the closure form with the owner’s details, address, trading code, contact number and DP ID.
• You can submit the form now, along with the KYC document and unused delivery instructions, to your nearest Kotak Securities branch.
• The organization will take about seven to ten days to process your closure.

Before starting the account closure process, look at the below-listed pointers:

• You must settle all the payments before starting the account closing process.
• All owners must sign the closure form if it is a joint account.
• The Demat Account must not have any shares in it. Either transfer all the shares to other demat account or sell all the shares.

Kotak Securities Demat Account Review – Conclusion

Kotak Securities belongs to one of the most renowned financial institutions in the country. They provide premium services to their clientele.

Also, the company has received more than nine ratings for all the sections by Finec.in. The discount broker offers free reports and trading calls to the users.

Account opening charges are 99 INR, and the AMC charges are 300 INR. Read through the above review to know in detail about the Kotak Securities Demat account.

FAQs on Kotak Securities Demat Account Review

Here is the list of FAQs you should know about the Kotak Securities Demat account.

How do you create a Demat Account in Kotak?

To open a demat account, you can hit “open Demat Account”. Fill out the form, and the company executives will call you over.

How do you delete the Kotak Securities account?

To delete your Kotak Securities Demat account, complete the account closure form and submit it to the company’s nearest branch. Your application will be processed in seven to ten days.

What is AMC in Kotak Securities?

The charges for AMC are 300 INR. They do not offer any free AMCs to the user. So please make a note of it.

What are Kotak Securities Account Opening Fees?

The Demat account opening fee is 99 INR. You should know it before you decide to go with the company.

How do you find the demat account number in Kotak Securities?

The Demat account number is also known as the Beneficiary owner identification number. To look at it, check the below-listed instructions:

• Reach out to the profile section and hit on account detail from the top right corner.
• There will be a tab named DP/Demat profile. Hit it, and you will be directed to the profile; now, you can look at the DP account number.

How do you get a Statement of Demat Holdings in Kotak Securities?

The user can download the statement of demat holdings in Kotak Securities:

• To download the demat holding, the client must log in to their portal and fill in the required details.
• Now, reach out to the DP Holdings tab from the Reports section.
• Click on the download tab placed at the bottom of your webpage.
• And here you will be with the statement of your Demat holdings.

What documents are required to open a demat account?

The clients must provide documents for opening a demat account.

The documents like identity proof, address proof, income proof, etc, are required to open your account with Kotak Securities.

How long does opening a Demat Account in Kotak Securities take?

If you apply online, your demat account will open shortly. However, opting for the offline process can take 3 to 4 days.

How do you change your bank account in Kotak Securities?

Suppose you look forward to changing or linking your bank account in Kotak securities.

Then, log in to the Kotak platform, reach out to the profile by clicking on account details, then hit bank accounts and add a new one by entering the details.

Also, you can reach out to the profile and hit additional services by clicking on service request, then click on frequently used, followed by the bank updating option.

This step-by-step procedure will help you change your bank account.

How to transfer shares from one Demat account to Kotak Securities Demat?

The process for transferring shares from any Demat account to Kotak securities is outlined as follows.

• Fill up the DIS (Delivery Instruction Slip) & submit the same to your current broker.
• Your existing broker will submit the DIS form you the depository.
• Then, the depository will start the share transfer process from your current demat account to Kotak securities demat.
• Once the transfer is complete, the transferred shares will be visible in the investor’s new Demat account.