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Kotak Securities Stock Trading, Demat, Brokerage and Reviews 2017


Kotak Securities Ltd, a subsidiary of Kotak Mahindra Bank was founded in 1994. They offers stock broking services and distributes financial products in India. They have 1209 branches, franchisees and satellite offices offers services to 11.95 Lakh customers. They corporate members with the Bombay Stock Exchange and the National Stock Exchange. They are also a depository participant with National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL).

Kotak securities offers three-in-one account which allows investor to open demat, trading as well as a bank account together with Kotak Mahindra Bank Limited. One can open those account independently or at the same time under one umbrella with a single application form. Using 3 in 1 account client won’t have to manually transfer money to trading account from the bank f=.account. The required funds get credited automatically. So it's easy to manage. Once your;- account open you can trade in Equity, IPO, Mutual Fund, ETF, Tax free bonds, Currency Derivatives, Gold ETF etc.

Kotak Securities Open Account

  1. Fill online Contact Us form on Kotak Securities web site. Enter your name, phone number, email address, city and submit the form. Once the form submitted, one of Kotak securities representative will contact you.
  2. Download the forms from their website, fill in the required details,  and submit it to their registered office.

Kotak Securities Account Opening Form, Name Change Request Form, Kotak Securities Account Closing Form etc. are available on their website. One can fill the form as per their requirement and submit it to their registered office.

Kotak Securities Rating (by the customers)

116 Votes

Overall Rating Rated 2.7 stars 2.7/5
Fees Rated 2.5 stars 2.5/5
Brokerage Rated 2.5 stars 2.5/5
Usability Rated 3.4 stars 3.4/5
Customer Service Rated 3.1 stars 3.1/5

Do you trade with Kotak Securities? Rate Kotak Securities

Information about Kotak Securities account opening, Kotak Securities open account, Kotak Securities opening charges, Kotak Securities account opening charges, Kotak Securities account opening status, Kotak Securities amc charges, Kotak Securities account charges, Kotak Securities account closure

Kotak Securities's Trading Platforms

Kotak Securities offers multiple trading platforms to suite investor's requirement. Following are the trading platforms available by Kotak Sec:

  1. Website Based Trading - A stock treading website which can be accessed though any popular Web Browser. This is the most convenient and popular way to invest with Kotak Securities. Kotak also offers a light weight trading website 'Xtralite', which can be used by investors with slow speed internet.
  2. Trading Terminals (KEATProX and FASTLANE) - Kotak offers two different trading terminal based application which are very popular among stock traders. KEATProX is an exe based installable desktop application providing fastest trading experience. FASTLANE is a Java applet based application which gives you a trading terminal kind of experience without any installation on your computer. FASTLANE gives KEATProX like features and the benefits of website based trading as it can be access from anywhere though web browser.
  3. Mobile Stock Trading - Kotak offers high speed mobile based application to trade in Stock Market. Through this mobile app, a customer can Execute Trades, Monitor Portfolio, View Streaming Quotes and Intraday Charts.
  4. Branch Advisory and Call & Trade - Kotak also offers trading facility though its 1400+ branches and though call centers using call & trade facility.

Find info about Kotak Securities platform, Kotak Securities trading platform, Kotak Securities trading software, Kotak Securities trading demo, Kotak Securities Demo, Kotak Securities download, Kotak Securities software download, Kotak Securities software, Kotak Securities stop loss, Kotak Securities trading and Kotak Securities trading account.

Account Types

Kotak offers different account types according to users requirement:

  1. AutoInvest

    AutoInvest is a unique Online Trading Account which provide investment planning in Gold ETFs (Exchange Traded Funds), Equities and Mutual Funds to their customers. Gold ETFs are mutual fund schemes that will invest the money collected from their investors in standard gold bullion.

    Kotak's advisor gives the recommendation according to investor's risk capability and investment plans. Minimum investment of Rs 5000 required for AutoInvest account.

  2. Kotak Gateway

    Kotak Gateway account opens the gateway to a world of investing opportunities for beginners. Kotak Gateway user can trade anywhere, anytime using internet. Kotak also offers call and trade facility. Investor can also trade Currency Derivative using Kotal gateway account.

    Kotak Securities provide SMS alert, research report, free news and market updates to the account holders. Best feature of Kotak gateway is call and trade facility. Anybody can activate Kotak Gateway account with any amount between Rs 20,000 to 5, 00,000. This can be in form of cash deposit or the value of the shares you buy. Brokerage will be charged based on the account type. For intraday trading brokerage is .06% both sides for less then 25 lakhs and .023% for more then 25 crores.

  3. Kotak Privilege Circle

    Kotak Privilege Circle is the premium investment account offed by Kotak Securities. Along with Kotak Gateway account benefits Kotak provides independent market expertise and support through a dedicated relationship manager and a dedicated customer service desk which provides assistance in opening accounts, handling day-to-day problems, and more. They provides KEAT premium which is an exclusive online tool that lets you monitor what is happening in the market and view your gains and losses in real-time.

    One can activate Kotak Privilege Circle account with any amount more than Rs. 10,00,000 as margin, by way of cash or stock. For intraday trading brokerage is .06% both sides for less then 25 lakhs and .03% for more then 25 crores.

  4. Kotak Freedom for Mutual Fund Investments.
  5. Kotak Super Saver, a Flat Brokerage and a Low Margin account.
  6. PMS (Portfolio Management Service), an account for people who need an expert to help to manage their investments.
  7. NRI Account, a online trading an investment account for NRI investors.
  8. Trinity Account [3-in-1 Account]

    Trinity Account is an integrated account that helps investors enjoy the benefits of a Online Trading Account, Bank Account, Demat Account on a single platform for your securities transaction. This account gives convenience of fund transfer and online trading.

    Kotak 3-in-1 Account

Kotak Securities Special Offers

Sorry no special offers available by Kotak Securities at this time.

Visit Exclusive Promotions / Offers from Stock Brokers in India webpage for more offers.

Kotak Securities Brokerage Charges 2017

  • Trading Account Opening Charges (One Time): Rs 750
  • Trading Annual maintenance charges (AMC): Rs 0
  • Demat Account Opening Charges (One Time): Rs 0
  • Demat Account Annual Maintenance Charges (AMC): Rs 600 per annum

Trading Brokerages:

1. Fixed Brokerage Plan

Kotak Securities Fixed Brokerage plan is specifically created to the suit the needs of newbies or infrequent traders.

Trading Segment Brokerage Charges
Equity Cash Delivery0.49%
Equity Cash Intraday0.049%
Equity Futures (Both Sides)0.049%
Equity OptionsRs 300 Per Lot
Minimum Brokerage4 paise for delivery and 3 paise for Intraday and Futures orders

2. Dynamic Brokerage Plan

Kotak Securities Dynamic Brokerage Plan is specifically created for those Customer who are frequent traders and looking for a good bargain on their brokerage rates.

Trading Segment Brokerage Charges
Equity Cash Delivery0.59% to 0.30% (For trading amount of '< 1 lakh' to '> 50 lakhs')
Equity Cash Intraday0.06% to 0.05% both sides (For trading amount of '< 25 lakhs' to '> 25 lakhs')
Equity Futures Intraday0.07% to 0.05% both sides (For trading amount of '< 2 crores' to '> 2 crores')
Equity Futures Settlement0.09% to 0.073% both sides (For trading amount of '< 2 crores' to '> 2 crores')
Equity Options Intraday2.5% to 1.8% both sides (For premium of '< 4 lakhs' to '> 11 lakhs')
Equity Options Settlement2.5% to 2.3% both sides (For premium of '< 4 lakhs' to '> 11 lakhs')
Options Minimum (Settlement)Rs 300 to Rs 180 both sides (For premium of '< 4 lakhs' to '> 11 lakhs')
Currency Futures0.04% or Rs 20 per lot, whichever is higher to 0.015% or Rs 7.5 per lot, whichever is higher (For monthly volume of '< 3 Cr' to '> 30 Cr')
Currency Options Rs 20 per lot to Rs 7.5 per lot (For monthly volume of '< 3 Cr' to '> 30 Cr')

Kotak Securities Minimum Brokerage:

  • Cash Delivery: 4 paise per share, OR Rs 21/- per executed order, whichever is higher
  • Intraday: 4 paise per share, OR Rs 21/- per executed order, whichever is higher
  • Equity Futures: 4 paise per share subject to ceiling of 2.5% of contract value

Kotak Securities Demat Account Charges:

Sr Account Head Rate Minimum Payable
1 Dematerialisation Rs 50 per request and Rs 3 per certificate -
2 Rematerialisation Rs 10 for 100 shares Rs 15
3 Debit Transactions - On Market and Off Market 0.04% of the value of securities (Plus NSDL charges as applicable) Rs 27 (Plus NSDL charges as applicable)
4 Account Maintenance Charges
  • Resident Indian
  • NRI
  • Rs 50 per month
  • Rs 75 per month
--
5 Pledge Charges 0.05% of the value of securities Rs 30
6 Invocation of Pledge 0.04% of the value of securities Rs 30
7 Charge for Client Master change intimation Rs 25

Useful Articles:

Get detail about Kotak Securities pricing, Kotak Securities brokerage calculater, Kotak Securities brokerage, Kotak Securities plans, Kotak Securities brokerage review, Kotak Securities brokerage plans, Kotak Securities fund transfer, Kotak Securities intraday brokerage, Kotak Securities charges, Kotak Securities charge list, Kotak Securities charges calculator, Kotak Securities prepaid brokerage plans, Kotak Securities yearly charges, Kotak Securities fees, Kotak Securities yearly maintenance charge, Kotak Securities option brokerage and Kotak Securities trading charges.

How to open account with Kotak Securities Ltd?

There are 3 simple ways to open an account with Kotak Sec:

  • Call at one of the below number and ask to open an account with them.
    Toll Free No.: 1800-222-299, 1800-209-9191
  • Visit one of their nearest branches.
  • Fill online account application form on Kotak Securities website.

Get information about Kotak Securities broker, Kotak Securities branches, Kotak Securities sub broker, Kotak Securities support, Kotak Securities customer care, Kotak Securities user reviews, Kotak Securities user manual, Kotak Securities website, Kotak Securities review and Kotak Securities toll free number

Contact Kotak Securities / Request Call Back

Name:Phone
EmailCity
State
Are you a day trader?

Kotak Securities Pros and Cons

Kotak Securities Advantages

  1. Kotak Securities website provides wide range of investment options. This includes investment in equity, IPO's, Bonds, FD's, ETF's, Mutual Funds, Currency Derivatives etc.
  2. Along with the online trading facility, customer gets access to 1400+ branches for help on investment and issue resolution.
  3. Kotak Securities provide daily SMS alerts, market pointers, periodical research reports, stock recommendations etc. to help the customers.
  4. Online Chat facility is available to support customer.
  5. Kotak security offers easy integration of trading account with Citibank, HDFC Bank, UTI Bank and Kotak Mahindra Bank.

Kotak Securities Disadvantages

  1. Kotak Securities is a Full Services Broker. The brokerage charged by them is higher than the Discount Brokers.

Kotak Securities Complaints received at BSE / NSE:

Number of customer complained against Kotak Securities Ltd share broker. The Kotak Securities Ltd consumer complaints provide the summary of grievance which went to exchange for resolution.

Kotak Securities Ltd consumer complaints
Exchange Financial Year Number of Clients * Total Complaints **
BSE 2016-17 75,342 10
NSE 2016-17 257,563 96
BSE 2015-16 104,710 32
NSE 2015-16 246,945 140
BSE 2014-15 71,018 24
NSE 2014-15 268,459 151
BSE 2013-14 789,341 38
NSE 2013-14 223,280 188
BSE 2012-13 712,313 46
NSE 2012-13 674,160 197
BSE 2011-12 625,312 85
NSE 2011-12 617,855 163

* Number of active clients the broker or trading member has. As per SEBI guidelines each broker reports the newly added clients to the exchange though unique client code (ucc) process. The informaiton on this page is provided by the exchange.

** The total number of complaint received against the broker at the given exchange.

Enquiry Form


Kotak Securities Ltd Reviews

avatar
248. Jagadish  Oct 12, 2017 1:54:26 PM IST Reply
3rd grade brokerage company i have ever seen. Kotak securites.

Ispite of repeated request they dont send any schedule of charges and later they say we charge .04 paise per share for penny stocks...how horrible they are 40% brokerage charges ??

I want to take this up with higher authorities and put a case on them..anyone in for it ?
avatar
247. Nitin maggo  Aug 21, 2017 4:56:48 PM IST Reply
Brokerage-very poor total kotak securities you are very very poor other changes very high not for mutual funds are you very very poor that you are interested in (F D) yes I have a permanent 6.5 interest par years
avatar
246. Vishnu Aggarwal  Jul 29, 2017 1:22:11 PM IST Reply
The Other charges are very high , and we talk to agent than the other charges become lower and only genuine charges are applicable now
1. Securities Transaction Tax (STT) (.1 for delivery and .025 for intraday only for (sale+purchase)/2 value)
2. Exchange Transaction i.e. Rs 325 per Crore for equity intraday/delivery at NSE)
3. SEBI Rs 15 per Crore)
4. GST (18% on Brokerage + Exchange Transaction Charges)
5. Stamp Duty (State wise ) , In Delhi (.01 for delivery and .002 for intraday)
avatar
245. Kishan  Jul 17, 2017 9:43:21 AM IST Reply
Recently I opened an account with Kotak and realized within a week that I opted worst broker. Following are my experience in initial week,

1. Agent visited me for account opening process said that they are not I have photos of form) Now they charged 750INR for account opening. Surprisingly the agent number is not reachable now. I tried calling them, they just disconnected two calls without even listening my problem completely.

2. Tried posting queries, no response yet. (Almost 5 days since I am writing this)

3. Initial account opening cheque of 15000 debited from my account four days back, still balance is not showing up in my trading account.

Kotak, If you don''t care about your customer after they join no one is going to trust you. Why you make false promises? Why initial account opening charges applied even after I opted for free account opening plan? Care to reply? I am writing this here after failed to get response from any other medium. Highly disappointed.
avatar
244. Rakshith  Apr 1, 2017 2:42:39 PM IST Reply
Brokerage charge is too high

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
243. ANKIT  Mar 26, 2017 11:40:04 PM IST Reply
BCOZ IT CHARGE TOO MUCH

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Excellent
Customer Service - Average
Overall Experience - Below Average
avatar
242. Tanuj Baru  Mar 23, 2017 4:50:40 PM IST Reply
The app is pretty easy to use and neat. Fees are on the higher side.

Ratings:

Brokerage - Average
Account Maintenance Fees - Average
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
241. amit  Mar 15, 2017 8:42:31 AM IST Reply
worst customer service

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Below Average
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
241.1. Dalip Singh  Mar 16, 2017 8:30:26 AM IST
I totally agree with you.Worst customer service as the agents lack product knowledge and One has to repeatedly be after them to email you the las year''s financial statements in order to file your IT returns.Brokerage too is high.
avatar
240. Prem Gupta  Feb 23, 2017 7:14:17 PM IST Reply
If you want to make money and new in stock market Kotak securities is right place for you.

If you want to open a trading account with my reference you will get benefited zero account opening charges and brokerage discount.

http://www.kotaksecurities.com/landing-page/RefereeLP/index.html?uniqueReferrerCode=FB3I0GFC

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
239. Vikas  Feb 8, 2017 8:34:37 PM IST Reply
No other word suits to them. As it is a unfaithful company. who only know how to eat up your money.
Company have no ethics towards their customers poor customer care department and most poor branches.
Totally unfaithful company.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Below Average
Customer Service - Below Average
Overall Experience - Very Poor
avatar
238. Niraj Shukla  Feb 7, 2017 7:43:06 AM IST Reply
VERY BAD IN BROKERAGE OTHERWISE VERY GOOD.
IN SHORT FOR EVERY THING THEY NEED MONEY WHICH MAKES ITS POOR

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Below Average
Website Usability - Excellent
Customer Service - Above Average
Overall Experience - Below Average
avatar
237. Avinashsahani  Jan 29, 2017 5:41:04 PM IST Reply
Very high brokerage and not satisfied I will not tell even my enemy to go with loyal simply playing with your hard money
avatar
236. Omkar  Dec 22, 2016 9:07:57 AM IST Reply
3in 1 account is the best
Margin funding is also available
Ipo funding is available
Loan against share and property available
It''s a one shot stop for all SECURITIES related work and also aligned is the bank which makes everything very easy.
Easy banking and quick service

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Above Average
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
235. Bals  Dec 13, 2016 11:51:38 PM IST Reply
Too much maintenance charges, sometimes sudden deduction , poor customer service, always try to fool you interested of providing solution.
Mobile app is very user-friendly.


Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Average
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
234. Deval Patel  Sep 29, 2016 11:59:12 AM IST Reply
Brokerage was too high compare to another.
Even statement details always going to bounce.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Above Average
Customer Service - Average
Overall Experience - Below Average
avatar
233. Chandra  Sep 10, 2016 8:38:13 AM IST Reply
Hi ,

Better to think twice before opening account because of High Brokerage.

I just received a mail about the charges from KOTAK SECURITIES. Please read the below it will help people before opening the account.

KOTAK MAIL
---------------------------------------------------------------------------------------------------------------------------------------
With reference to your query below, we wish to inform you that you have charged other charges.

Also, whenever, the transactions (Buy/Sell) are done in your account, the brokerage is applicable along with Service Tax, Securities Transaction Tax and Other charges for the same.

We would like to clarify that other Charges represents a consolidated charge towards providing various value-added services such as Trade Confirmation SMS, electronic account access, portfolio tracker, access to research reports, market news SMS and towards defraying Member’s Statutory/Regulatory liability for the client’s trades.

Also, Service Tax is from 1st June 2016 service tax will be charged at 15%)

Securities Transaction Tax (STT) on the securities market transactions as revised w.e.f 01/06/2016 is as under:

STT @ 0.1% on all delivery (purchase and sale) trades in cash market.
STT @ 0.025% on sell leg of all non-delivery trades in the cash market (Equity Shares and units of Equity Oriented Funds)
STT @ 0.001% on sell leg of delivery trades in Equity Oriented Funds.
STT @ 0.01% on sell trades in the futures contracts
STT @ 0.05% on sell trades in the options contracts
STT @ 0.125% on buy trades in the options contracts when the option is exercised --Service tax, STT and other statutory charges are as per current rate

With effect from June 1, 2016 the service tax rate shall be 15%(i.e.: 14% towards Service tax + 0.5% each towards Swachh Bharat and 0.5% Krishi Kalyan cess).

Below is the rate of other charges levied currently in the client’s account by KSL.

Other Charges – Cash segment - 0.0215% + Service Tax
Other Futures) - 0.0045300% + Service Tax
Other Options) - 0.0608800% + Service Tax


Lastly, we would be unable to reverse the charges charged in your account.


Regards,
Chandra
avatar
233.1. CHAITANYA  Jan 2, 2017 1:43:37 PM IST
hi chandra,

Value added service(VAS) can be opt-out by requesting them. I have recently opted out from their VAS. If they ignore please contact me.
avatar
233.2. mojjam ali  Feb 5, 2017 6:21:34 PM IST
I want open Demat ac
Please describe in detail all type of charges and brokrej
avatar
232. Aman  Sep 8, 2016 11:41:56 AM IST Reply
HIGH Brokerage
High "Other not. 0.00325%) as "other charges" in the name on online services an other services.

Although they respond in time for a Premier Customer like me who trades over a crore month, but most of them don''''t know much about stock markets or the technology they use.


Its a broker for Investors NOT FOR TRADERS.


Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Average
Customer Service - Average
Overall Experience - Below Average
avatar
231. Vikram  Aug 29, 2016 3:56:17 PM IST Reply
Too Expensive. Bad UI. and Bad customer service. Agent keeps calling with fake trading calls to earn commission

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Below Average
Website Usability - Below Average
Customer Service - Below Average
Overall Experience - Very Poor
avatar
230. Sachin  Aug 29, 2016 8:51:27 AM IST Reply
HORRIBLE PEOPLE - NOT FIT TO RUN THIS BUSINESS. PLEASE STAY AWAY TO DO JUSTICE TO YOUR MONEY AND YOUR TIME.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
229. Sachin  Aug 29, 2016 8:45:31 AM IST Reply
HORRIBLE is the one word to describe Kotak Securities!

I made a blunder in selecting this non-sense as my 3-in-1 account provider and I repent every bit of that decision. here''s why:

1) Their pricing in not transparent - can''t understand their DP charges & are really really high
2) No person with some common sense will approve this kind of website. They are simply horrible to use. You are in the middle of a maze when you login. Logging in itself is a funny thing.
3) You don''t know how much money of yours is available to trade. They don;t show you as they mix it up with their margin amount, so you are clueless about your own money and may end up using their margin money. They can''t do even a 50 Rs calculator''s job!
4) For any transaction to reflect in your ledger, you need to wait for 3 to 5 days. Even some third grade charity company will have better efficiency.
5) They can''t show you the list of transactions sorted by date - would you believe?

Their trading website and their operations, gives you a feeling that you are living in 1900s.

They are not fit to run this kind of business and PLEASE STAY AWAY FROM THEM!

I had to move to another broker, which I will not mention to give more credibility to this review.

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