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Kotak Securities Stock Trading, Demat, Brokerage and Reviews 2018


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)

124 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 3.0 stars 3.0/5

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.

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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 2018

  • Trading Account Opening Charges (One Time): ₹750
  • Trading Annual maintenance charges (AMC): ₹0
  • Demat Account Opening Charges (One Time): ₹0
  • Demat Account Annual Maintenance Charges (AMC): ₹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 Options₹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)₹300 to ₹180 both sides (For premium of '< 4 lakhs' to '> 11 lakhs')
Currency Futures0.04% or ₹20 per lot, whichever is higher to 0.015% or ₹7.5 per lot, whichever is higher (For monthly volume of '< 3 Cr' to '> 30 Cr')
Currency Options ₹20 per lot to ₹7.5 per lot (For monthly volume of '< 3 Cr' to '> 30 Cr')

3. Free Intraday Trading (FIT) (₹999 Plan or Unlimited Trading Plan)

Kotak Securities Free Intraday Trading (FIT) offers free unlimited intra-day equity trading across segments like Equity Cash, Equity Futures & Equity Options for a yearly fee of ₹999. This unlimited trading plan is available for Equity Intraday Trades only. Note that Equity Delivery, Currency and Commodity trading are not covered in this plan.

₹999 Plan Key Facts:

  • Free trading is only available in Equity (Cash and F&O) Intraday segment.
  • Customers still have to pay regular brokerage for Equity Delivery, Commodity, and Currency trading. Note that Kotak Securities regular brokerage is extremely high in comparison to discount brokers like Zerodha or ProStocks.
  • This price plan only available for online trading. Call & Trade or using trading desk or trade though dealers are not an option in this plan.
  • The price of this plan is ₹999 per year paid up front.
  • Customers will have to provide margins as per the agreement with Kotak Securities. Unlike most brokers, Kotak doesn't provide high margins.
  • FIT cannot be used by ODIN Diet clients. The mobile trading app, TradeSmart terminal, and website based trading are available under this plan.
  • In case you rollover your position beyond the day, the trade gets converted into a delivery trade, in which case, the brokerage will be charged. This could cost a trader lot money.

Kotak Securities Minimum Brokerage:

  • Cash Delivery: 4 paise per share, OR ₹21 per executed order, whichever is higher
  • Intraday: 4 paise per share, OR ₹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 ₹50 per request and ₹3 per certificate -
2 Rematerialisation ₹10 for 100 shares ₹15
3 Debit Transactions - On Market and Off Market 0.04% of the value of securities (Plus NSDL charges as applicable) ₹27 (Plus NSDL charges as applicable)
4 Account Maintenance Charges
  • Resident Indian
  • NRI
  • ₹50 per month
  • ₹75 per month
--
5 Pledge Charges 0.05% of the value of securities ₹30
6 Invocation of Pledge 0.04% of the value of securities ₹30
7 Charge for Client Master change intimation ₹25

Useful Articles:

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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

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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 **
NSE 2018-19 372,874 16
BSE 2017-18 167,450 35
NSE 2017-18 368,638 200
BSE 2016-17 111,297 22
NSE 2016-17 273,895 123
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
267. sabitha  Mar 23, 2018 4:19:03 PM IST Reply
IF YOU HAVE CHANGE SOMETHING FOR CLIENT MEANS CHANGE BROKERAGE

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
266. Chandan Kabat  May 22, 2018 2:30:45 PM IST Reply
Brokerage - Very Poor don't go with Kotak Security
avatar
265. Chandan Kabat  May 22, 2018 2:27:55 PM IST Reply
They gave all useless call . Never trust on them . Not sure how they generate call and said x stock will raise and than it start falling.

Never go with Kotak Security

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Below Average
Website Usability - Above Average
Customer Service - Below Average
Overall Experience - Very Poor
avatar
264. rakesh  May 13, 2018 10:23:23 PM IST Reply
Very good plan both 750 and 999.....
and service by RM is extremely good i have opened my account 2 yrs back and i m going to open a new account with 999 plan....which is superb.
avatar
263. Raveesh  Apr 24, 2018 11:23:49 AM IST Reply
Worst customer care and highest brokerage simply worst company

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
262. Ajit Pandey  Apr 8, 2018 12:56:57 PM IST Reply
HI,
I was a customer of Kotak securities in 2015-2016-201, but i have faced multiple issues with address in their system, customer service, and response time. For some reason i feel that they are not serious about this business, or may be they do not receive good direction from its senior management. I have explored issues with the following:
- Customer Focus: 1/5
- Issue resolution: 2/5
- TAT : 2/5
- Technology used (Websites/ Mobile apps) : 3/5
- Charges for trading - 3/5
- Trading platform/exchanges - 3/5
- Flexibility provided to customers : 1/5

I have only included feedback for what I have experienced post facing the issues myself and receiving response/resolution from customer service executives. My address was not captured correctly when i opened my account first. After convincing customer care for 1 year, they decided to close and reopen my account, and the agent they sent for account opening again captured my wrong address in the system even after me taking precautions. Customer case executives are asking me to visit their branch, stand in queue, fill forms, submit additional 10 documents and then wait for their processing time before they will update my address. Then raise a request for redelivery of my passcode at new address to login to trading system. SORRY, i can't suffer for their faults.

My advice is that if you got everything right the first time, you are lucky, otherwise ALL NEW CUSTOMERS - STAY AWAY ' STAY AWAY' from this sloppy organization.



Ratings:

Brokerage - Below Average
Account Maintenance Fees - Below Average
Website Usability - Above Average
Customer Service - Very Poor
Overall Experience - Below Average
avatar
261. rahul  Apr 5, 2018 3:50:46 PM IST Reply
even kotak life insurance is also same, don't go with kotak
avatar
260. Kotak Securities One of the Client  Mar 14, 2018 11:26:15 PM IST Reply
I feel I opted wrong brokerage company. Kotak securities CDM cheated me by saying there will be no minimum charges for trading. Only 0.49% of brokerage will be charged based on total stock value but there is min charge of Rs. 21/-

After the account has been opened, CDM (Pawan Jajoo - intentionally wants to reveal his name in public) is not ready to receive my call at all. When I tried to call with another number, he will receive.

Services:
Kotak Securities customer care is good, whenever I queried through the mail, they responded us early.

Now planning to go with zerodha or pro-stocks as they charge less brokerage.

**PHONE NUMBER PROVIDED IS MASKED

avatar
259. ashis biswas  Feb 19, 2018 11:11:56 AM IST Reply
Re; Kotak securities mesg to me (my acct 39D64/16490628 bearing query ID 0 16690214) of Jan 31 2018, I hereby instruct you kindly to refund my money and close my account immediately. This follows the rejection of my Aadhar updating efforts by the Aadhar authorities. I am senior citizen and have problems moving around freely. Please help. Thank you and regards,
Ashis Biswas , 188/3/1 Prince Anwar Shah Road Kolkata 700045.
avatar
258. Manoj  Feb 12, 2018 9:10:29 PM IST Reply
I had applied for 3 in1 account to kotak mahindra bank even aftwr 24 days the application has not been processed its a worst place to trade dont have any responsibility from sahakarnagar branch bangalore have not seen any irresponsible person and bank in my life. Thank god i rejected it now.
avatar
257. Manoj  Feb 12, 2018 11:31:43 AM IST Reply
I had applied for 3 in1 account to kotak mahindra bank even aftwr 24 days the application has not been processed its a worst place to trade dont have any responsibility from sahakarnagar branch bangalore have not seen any irresponsible person and bank in my life. Thank god i rejected it now.
avatar
256. Hari  Feb 9, 2018 9:14:07 PM IST Reply
Their App

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Above Average
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
255. Shaiknagoorvali  Jan 12, 2018 1:39:42 PM IST Reply
Worsted trading company

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
254. 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
253. HARSHA D  Nov 22, 2017 7:43:27 PM IST Reply
Can you let me know where i need to apply for SME IPO online?
avatar
252. Mohammed Abdul Aleem  Jan 8, 2018 3:18:21 PM IST Reply
same experience with me as well. I request all the people to stay away from Kotak. I have invested 75000 and there was a loss of 28000 of otu which I got profit and the loss lowered to 5000, however the accounts shows that I have minus -149000, how come???????????????????????????????

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
251. Lalit  Nov 22, 2017 6:18:58 AM IST Reply
I only dislike it has really heavy brokerage charges i suggest every one to trade in kotak

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Below Average
Overall Experience - Very Poor
avatar
250. Teja  Nov 11, 2017 12:20:22 PM IST Reply
Good app and excellent customer service. Margin funding available for delivery trades - none of the discount brokerages have this. High brokerage charges. However, they give cash back of Rs 1000 if brokerage charges exceed 1000 in the first year. So best brokerage for the first year. If you don''''t follow research put by them and their calls, it would be better for you to discontinue from the second year as the charges are high.

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Average
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Above Average
avatar
249. AS  Nov 3, 2017 11:44:39 AM IST Reply
Customer service is very poor. Initially faced issues with fund transfer not reflecting in trading account. They took months to fix it. Now for simple queries customer care takes really long to respond and often replies with irrelevant answers. Keep asking for a branch visit for small requests too.

Ratings:

Brokerage - Average
Account Maintenance Fees - Average
Website Usability - Below Average
Customer Service - Very Poor
Overall Experience - Below Average
avatar
248. rohan  Nov 1, 2017 12:43:30 PM IST Reply
They are 65 per month) + GST. Seems it is their main revenue source now. I have traded with Kotak for 7-8 years, then I tired discount borkers and in last two years saved lot of money. Kotak has not accepted the changing environment and have to thrashed.

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