Kotak Demat Account is a three-in-one Demat Account which includes Kotak Trading Account, and also its Bank Account aswell.
Being one of the most sought after financial organization in the country, Kotak Securities have a lot of services and facilities to offer to its clients in the stock brokerage arena.
The article below is a detailed analysis of the Demat and trading account offerings and the services of the same provided by Kotak Securities.
The article will include the details of Demat account, the process of opening a Demat and trading account with Kotak Securities, its features and charges and also about the benefits.
With a customer base of more than 12 lakhs, it is one of the biggest brokerage houses in the country as well.
The Kotak Securities Demat Account comes in different types to suit the needs of the different clients and the traders.
There are eight kinds of Demat accounts that one can open as per the requirement.
- The first is Auto Invest which is for the investments to be done in Gold ETFs. The advisors of Kotak Securities suggests schemes which are according to the risk profile of the investor.
- Kotak Gateway is the Demat account for the Beginners with a lot of trading options and facilities like call and trade, SMS alert, news, and market reports and many other features.
- Then comes the Kotak Privilege Circle which is for the traders who can keep margin money more than Rs.10,00,000 (in cash or stocks). This is for elite clients.
- Kotak Freedom is an account for all kind of Mutual Fund investments.
- Kotak Super Saver is a Demat account type where the brokerage charges are fixed and flat and the margin requirement is super low.
- Then comes the PMS account where the investments of the clients holding these accounts are monitored and managed by the financial professionals who are experts in this niche.
- The seventh type of Demat account offered by Kotak Securities is NRI Accounts where the NRI can invest in the investment vehicles of nation. It is an online trading platform.
- Trinity Account is the three-in-one account that is offered by the Kotak Securities where all three accounts are linked together and are with Kotak only. This makes the fund transfer smooth and safe to a great extent.
Advantages of opening Kotak Demat account
- You get to trade a wide variety of trading and investment options with the Kotak Bank Demat Account. There are mutual funds, equities, currencies, commodities, options and futures and even in IPOs.
- There are more than 1400 branches of Kotak Securities in the country where the clients can visit ain regard to any of the issues they are facing, though everything is available online, and issues can also be resolved online.
- The Demat account of Kotak Securities has in-built SMS alert facilities, periodical research and analysis reports are available to market pointers and stock recommendations are always available for use.
- There is also a chat facility that you get directly from the trading terminal to chat with the customer care personnel in order to solve any of your issues or queries regarding trading.
- An easy integration facility is provided to link different banks with the trading and Demat account for easy and flawless fund transfer.
Open Kotak Bank Demat Account – Fill up the Form Now!
How to Open Kotak Demat Account?
To Open Kotak Securities Demat Account, you need certain documents which are –
- AADHAAR CARD
- PAN Card
- Bank Details – Cancelled Cheques
- Address Details
The process of opening the account is very simple, and you need to –
- Click on the “Open Demat Account” button here on this page and you will get a pop-up form that you need to fill and submit.
- Once the form is filled and submitted, then you need to upload the scan copy of the documents mentioned above.
- Once these two steps are successfully completed, then you can expect a call from the Kotak securities executives and they will guide you about the remaining account opening process.
- Complete the process and verification of the application and the documents will be done at Kotak Securities and once your application is approved after verification, you will get your login details for the Demat account.
Kotak Demat Account Charges
The Kotak Securities Account Opening Charges is nil. Yes, there is no charge for opening the Demat account with this brokerage house.
In fact, there is no charge for opening any three of the account which are Kotak Demat Account Charges, Trading, and Bank account.
The Kotak Securities Demat account is opened under the depositories – CDSL and NSDL. So you get the best place for your shares and they are safe in these depositories.
Kotak Securities AMC & other charges
Take a look at this table to get better idea of charges levied by Kotak Securities:
|SEBI Turnover Charges||0.00005% (₹5/Crore)|
|STT||Equity Delivery: 0.1% on both Buy and Sell |
Equity Intraday: 0.025% on the Sell Side
Equity Futures: 0.01% on Sell Side
Equity Options: 0.05% on Sell Side(on Premium)
Commodity Futures: 0.01% on sell side (Non-Agri)
Commodity Options: 0.05% on sell side
Currency F&O: No STT
On Exercise transaction: 0.125%
Right to entitlement: 0.05% on sell side
|Stamp Duty||(On buy side only) Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%. |
Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX)
|GST||18% on (Brokerage + Transaction Charge + SEBI Fee)|
|Margin Funding Charges||75% Margin|
|Reactivation Charges||Rs 20 per instruction|
|Account Closure Charges||Rs 25 per instruction|
|Dematerialisation Charges||Rs 50/- per request and Rs 3/- per certificate|
|Pledge Creation||0.05% of the value of securities|
|Pledge Invocation||0.04% of the value of securities|
|Margin Pledge/Unpledge/ Pledge closure||Rs. 18.5 per scrip|
|Margin Repledge||Rs. 15.5 + Rs. 15.5 (Rs. 31 per scrip)|
The Kotak Securities AMC or annual maintenance charge is different for an NRI and a resident Indian. A monthly charge of Rs.50 is taken from resident Indian, while an NRI is obligated to pay Rs.75 per month.
You can check the other likely charges you may have to incur along the time interval of holding the demat account, in the provided table. It states the pledging charges, remat, demat and other charges as well.
However, the maintenance charge for the Demat account can be waived off if there are offers that are frequently provided by the brokerage house.
However, if compared to another big brokerage house, most of them do not charge any maintenance for the trading account but Kotak does, but it provides services as well worth the fee you pay.
Kotak Trading Account
The Kotak Trading Account is a must for trading any investment options that are available with the brokerage house. The margin money that you need to keep in the trading account is 75% Margin as the minimum.
This can go up to Rs. 1000000 and above depending upon your transactions. The margin can be kept in form of stocks as well.
So, there is no restriction that you have to keep only cash in order to trade, you can use the stocks you have in your account for purchasing other stocks.
Kotak Securities Demat Account – Conclusion
The Kotak Securities Demat Account provides a world of opportunities for the traders – whether they are beginners or pro-traders, there are various Demat accounts and facilities in them that they can opt for as per their requirements.
Kotak Securities is undoubtedly one of the famous stock brokerage houses in the country and that is evident from its huge customer base.
Kotak Securities Demat Account FAQs
Ques – How can I open Kotak Securities Demat Account?
Answer – You must locate the “Open Demat Account” button from this page and click on it. When you see the pop up form appear, fill it up and then you will have to go through the KYC process. It is your account verification gateway and is necessary in a way or two.
Ques – Is Kotak Securities Demat Free?
Answer – This is partially true since, the stock broking house has waived off the account opening chare for its clients. On the other end, the account maintenance change of the demat account is taken from the account holder, based on the followed structure.
Ques – What is Kotak Securities Demat Charges?
Answer – AMC an account opening charges must be paid by the investors as they are levied by the stock broker generally. The account opening charge is waived off by the stock broking house, however, the AMC is levied, and it is charge once every month.
Ques – Is AMC levied on Kotak Securities Demat?
Answer – Yes, an AMC is levied by this stock broker to all the account holders in general. This varies from on the basis of NRIs and resident Indians. So, the NRIs are obligated to pay a charge of Rs.75 per month, whereas the resident Indians are obligated to pay Rs.50 per month.
Ques – Is Kotak Securities Demat Account best?
Answer – Yes, Kotak Securities is popular for the line of investment options they provide and the features embedded in the demat account. They have a track record or successful rendering of services to all their clients in general, which led to the abundance of positive rating this broker earned.
Ques – Does Kotak Securities provide Demat a/c?
Answer – Yes, this stock broker has included the demat account service for its clients, via which they can enter into active trade orders. There are a lot of segments investment provided by the broker, which is done through the demat account.
Ques – What Documents required for Kotak Securities’s Demat?
Answer – Documents related to identity and financial holdings are required to open a demat account with Kotak Securities. The documents which fulfil the said purpose are Aadhaar card, PAN card, passport size photograph and cancelled cheque accordingly.
Ques – Is Aadhaar Compulsory to Open Kotak Securities Demat?
Answer – Yes, it is necessary for investors to provide an Aadhaar Card, if they wish to open a demat account. The Aadhaar Card is actually a proof of identity and it is also used to sign the declaration of the demat account application form, which should be done at the end.
Ques – Is PAN required for Opening Kotak Securities Account?
Answer – Yes, the individuals who wish to open a demat account needs to provide the stock broker with a PAN card detail. IT is because this card proves identity, financial status and also lets one link their bank account to demat account. Kotak offer 3 in 1 account and hence PAN is mandatory.
Ques – Do they Charge Demat Account opening Fee?
Answer – No, this is a good news from the stock broker’s end, and they charge no account opening charge for the first time users. You can choose to open a demat account with Kotak Securities, and you will be charged no specific fee for the same.
Open Demat Account with Kotak Securities
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