Free Trading + Demat Account

Kotak Securities Open Account | Account Opening Process Review


1.9% 443,461 Clients

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 Account Opening Charges

Customer pays account opening fee for trading account opening with Kotak Securities. The account opening fees are as below:

  • Kotak Securities Account Opening Charges (Trading Acct): ₹750
  • Kotak Securities AMC Charges (Trading Acct): ₹0
  • Kotak Securities Account Opening Charges (Demat Acct): ₹0
  • Kotak Securities AMC Charges (Demat Acct): ₹600

Frequently Asked Questions

  1. How to close Kotak Securities Demat Account?

    At a time an investor can hold up to 5 demat accounts and many investors open more than 1 demat account with different depository participants to avail this offer. But over the time they realize they need to close these demat accounts to avoid annual maintenance changes. In that case either they hold all securities in one account or rematerialize the shares and close all the demat account.


    Types of demat account closure with Kotak Securities:

    1. If the Kotak Securities demat account has no holdings and all payments have been settled, the investor can easily raise the closure request with the depository participant. To close the account investors need to:
      1. Download the closure form. Submit duly filled and signed the form to the nearest branch
      2. Alternatively, visit the branch and fill the account closure form and submit back to them.
    2. If all the payments have been settled but the demat account hold securities, it has to be transferred to another demat account. To transfer in another demat account, the investor needs to:
      1. Download the Account closure form
      2. Duly-fill Delivery Instruction Slip (DIS) to transfer the securities to another Account
      3. Submit the document to the nearest branch. Once all the required documents are submitted, the account will be closed within 5 working days.

    Before submitting the documents please make sure:

    1. All the dues are cleared
    2. All forms are duly filled and signed
    3. All holders have signed, in case of joint accounts

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Kotak Securities Competitors Review

Information on this page was last updated on Friday, November 2, 2018


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