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Kotak Securities Stock Trading, Demat, Brokerage and Reviews 2023

3.24% 953,734 Clients

Kotak Securities Account Opening Enquiry

Kotak Securities - Pay ZERO Intraday Brokerage + F&O Rs 20 per trade + Free Account Opening. Open Instant Account Now

Incorporated in 1994, Kotak Securities Ltd is a full-service stock broker offering 3-in-1 account (Bank + Trading + Demat Account) to retail investors in India. It offers investment in equities, derivatives (equities, commodities, currency) and mutual funds. It also offers services like Research SMS, margin trading, depository services and third-party products like insurance. The company also provides direct access to the US markets. Kotak Securities is a subsidiary of Kotak Mahindra Bank, one of the leading private banks in India.

Kotak Securities offer its services through 150+branches and 1300+franchisees across 360+cities.

Kotak Securities USP

What makes Kotak Securities different from the competition?

25+ years of experience.
Part of prestigious Kotak Mahindra Bank.
Offer 3-in-1 account (Bank + Trading + Demat Account)
Physical presence in 393 cities.
Free Technical, Fundamental, Derivatives, Macro-economic and mutual fund research.
Different brokerage plans to suit your needs.

Kotak Securities Special Offer

Kotak Securities Trade Free Plan

Open a 3-in-1 account and get:

Free Account Opening
Brokerage-Free Intraday trading
Flat Rs. 20 per trade brokerage in F&O

Interested in opening a trading account? Open Instant Account Now

Account Types

Trinity Account (3-in-1 account)
Kotak 3-in-1 account(Trinity account) is a combination of a savings bank account, trading account, and a Demat account. It offers a seamless and hassle-free trading experience to trade/invest in IPO, bonds, ETFs, ESOPs, derivatives, and equity.
2-in-1 Account
The Kotak Securities 2-in-1 accountis a combination of a trading and Demat account. Investors can choose their external bank accounts.
Private Client Group
Private Client Group is an exclusive offering designed to cater to the needs of high net worth (HNI) individuals. It offers a comprehensive product suite, a dedicated relationship manager, and in-depth research.
NRI Account
Kotak's NRI account allows NRI investors to trade in Indian stock markets. The 3-in-1 NRI accountoffers triple benefits of savings, trading, and Demat account. With this account, NRI investors can trade in bonds, ETFs, ESOPs, equity, derivatives, etc.

Kotak Securities Charges 2023

Kotak Securities Brokerage Plans

Plan Name	Trade Free Plan	Trade Free Youth Plan
What it is?	ZERO brokerage on intraday trades across all segments	Investors or traders under 30 years of age, Pay ZERO brokerage on all trades
Account Opening Fee	FREE	FREE
Plan fee	Rs 99 Incl. of GST	Rs 499 incl. of GST (Annual) Rs.299 incl. of GST for 1st year during account opening.
Validity	Lifetime	2 years
Intraday Brokerage	FREE (All segments)	FREE (All segments)
Equity Delivery	0.25% or Rs 20 whichever is higher	FREE (All segments)
Carry forward (All applicable segments)	Rs 20 per order	FREE
Interest on Margin Trading Facility	0.049% per day	0.049% per day
Interest on Stock used as margin for derivative trades	0.049% per day (applicable only if the non-cash collateral limit is above 50% of the total margin required).	0.049% per day (applicable only if the non-cash collateral limit is above 50% of the total margin required).
Brokerage Cashback	NA	Upto Rs 4,128 for 90 days on all trades post 1st MTF trade
Demat AMC	Rs 50 per month	Rs 50 per month

Note: To avail for lower interest rate benefit at in Margin Trading Facility, a customer can subscribe to the Trade Free Max plan with an annual subscription fee of Rs 2499 + GST.

Dealer Assisted Brokerage Plan

The dealer-assisted brokerage plan gives you a dedicated dealer to discuss, plan and strategize your investments. The dealer can also act as your financial advisor and assist you in managing your portfolio.

Account opening fee	Rs 499 (One time)
Equity Delivery	0.39%
Equity Intraday	0.039%
Equity Futures	0.039%
Equity options	Rs 39 per lot
Currency futures	Rs 9 per lot
Currency options	Rs 5 per lot
Commodity futures	0.039%
Commodity Options	Rs 39 per lot
Minimum Brokerage	Rs 21 per executed order subject to ceiling of 2.5% of contract value
Margin Trading Facility Interest rate	0.025 % per day
Interest on stock used as margin for derivative trades	0.042 % per day

Visit Kotak Securities Brokerage Charges Review for more detail.

Special Offer: Kotak Securities - Pay ZERO Intraday Brokerage + F&O Rs 20 per trade + Free Account Opening. Open Instant Account Now

Kotak Securities Online Account Opening

Opening a Kotak Securities Demat Account is easy. To do so:

Visit www.kotaksecurities.com, fill up the application form with the required details, and you are done!
You can also visit any of our branch offices with your documents and fill up the application form to open an account with us.

Kotak Securities Trading Software (Kotak Securities Trading Platforms)

Kotak Securities offers multiple trading platforms to suit investors' requirements. Following are the trading platforms available by Kotak Sec:

1. Website based Trading

A stock trading website, which can be accessed through any popular Web Browser. Kotak Neo can be accessed on your desktop/laptop. All exciting features be it Stocks & IPO's, Futures & Options, Mutual Fund & ETFs, Currency & Commodity, Smallcase, Stockit, Pay off analyser, you will find everything under one roof.

2. Mobile Stock Trading

Kotak Neo App is designed to provide simplified and smooth trading & investing experience. The app is loaded with trader and investor-centric features, keeping in mind the needs of new age traders & investors.

3. Trade API

Through Neo Trade API, you can execute trades with utmost ease. They help traders and developers to integrate live market feed with their strategies. Customise your trading platform to plan and execute trades. The company's Fintech Partners are: Tradetron, Algo Baba, Trading View, Amibroker, Ninja Trader, Chartlink, Meta Trader 4 and Trade from Excel.

4. Desktop

Kotak Securities have Nest Terminal, a user-friendly platform that will help dynamic traders monitor markets, place orders seamlessly, and also buy & sell shares in real-time. The sophisticated trading terminal will give you an edge in the competitive market.

Visit Kotak Securities Trading Software Review for more detail.

Kotak Securities Account Opening Enquiry

Kotak Securities - Pay ZERO Intraday Brokerage + F&O Rs 20 per trade + Free Account Opening. Open Instant Account Now

Kotak Securities Pros and Cons

Kotak Securities Pros (Advantages)

The following are the advantages of Kotak Securities. You must read Kotak Securities advantages and disadvantages before opening an account with Kotak Securities. Kotak Securities pros and cons help you find if it suits your investment needs.

Kotak Securities offers a 3-in-1 account.
25+ years of trusted service.
Low-cost online discount brokerage plans are available.
Zero brokerage plan for investors up to the age of 30 years.

Kotak Securities Cons (Disadvantages)

The following are the cons of Kotak Securities. Check the list of Kotak Securities drawbacks.

A widely advertised Zero Brokerage Plan is available only to investors up to the age of 30 years.
High Equity delivery brokerage charges (0.25%).
Very high brokerage in dealer assisted brokerage plan (0.39% delivery, Rs 30 per lot Options).

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Kotak Securities Margin Exposure

Kotak Securities margin for intraday trading is up to 20% of trade value (max 5x leverage) based on the stock. Kotak Securities F&O intraday trading margin is 1.3x across Equity, Currency, and Commodity trading at BSE, NSE, and MCX. There is no additional margin offered for Kotak Securities F&O carry forward positions and equity delivery trades.

Segment	Margin	Leverage
Equity Delivery	100% of trade value	1x
Equity Intraday	Up to 20% of trade value	5x
F&O (Equity, Currency and Commodities)	100% of NRML margin (Span + Exposure)	1x

Kotak Securities Ratings

Overall Rating	2.4/5
Fees	2.4/5
Brokerage	2.4/5
Usability	3.2/5
Customer Service	2.8/5
Research Capabilities	2.7/5

Based on 192 Votes by Kotak Securities Customers

Do you trade with Kotak Securities? Rate Kotak Securities

Kotak Securities Complaint

The number of Kotak Securities customer complaint received by the exchanges. The Kotak Securities consumer complaint report helps understanding the Kotak Securities Ltd quality and relibility of service.

Exchange	Financial Year	Number of Clients*	Complaints**	%
NSE	2023-24	953,734	150	0.02%
BSE	2023-24	87,957	12	0.01%
NSE	2022-23	923,785	605	0.07%
BSE	2022-23	243,331	25	0.01%
NSE	2021-22	1,256,001	393	0.03%
BSE	2021-22	210,315	36	0.02%
NSE	2020-21	743,206	365	0.05%
BSE	2020-21	141,971	5	0%
NSE	2019-20	571,806	151	0.03%
BSE	2019-20	141,565	21	0.01%

* The number of active customers reported by the broker.

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

Visit Kotak Securities Complaints at BSE, NSE and MCX for detail report.

Currency and Commodity F&O Margins

Segment	Margin/Leverage
Currency Futures Margin	Trade Value = Upto 40x
Currency Options Margin	Buy - Premium = 1x Sell - Notional Value = Upto 40x
Commodity Futures Margin	Trade Value = Upto 8x
Commodity Options Margins	Buy - Premium= 1x Sell - Notional Value = Upto 6x

Frequently Asked Questions

1. How to close Kotak securities account?
Kotak securities account can only be closed through the offline process by following the below steps:
1. Visit Kotak securities website.
2. Go to Help Section and click on forms.
3. Click on Common Ac Closing -Individual-Resident.
4. Fill the account closure form with the account holder's name, address, DP ID, Trading Code and Contact No.
5. Submit the form, unused Delivery Instruction slips (DIS), along with KYC documents (ID and address proof) to the nearest branch.
It takes around 7-10 working days to close Kotak securities account after form submission.

Before initiating the account closure, ensure the below points are taken care of:
- Settle all the payments before closing the account.
- The Demat account must not have any holdings. If you have any shares in your account, you need to transfer them to another Demat account. In such cases, you need to submit a filled DIS and the original stamped and signed client master list (CML) of the target DP along with the account closure form.
- In the case of a joint account, all account holders must sign the closure form.
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2. Is Kotak Securities good?

Kotak Securities is a SEBI registered broker and a member of NSE, BSE, MCX, NCDEX, offering a wide range of investment opportunities to its investors across Equity, F&O, Currency, Commodity, IPO, Mutual Funds, NCD, Sovereign Gold Bonds, Tax- free Bonds, and Stock Lending and Borrowing.

Kotak Securities is a full-service broker known for its research services, personalized services, online and offline support, and robust technology that offers a seamless trading experience to its users.

The company offers a choice of brokerage plans to investors based on flat-fee and percentage price models. It also provides a Margin Trading facility and margin against shares.

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3. How do Kotak Securities works?

Kotak Securities is one of the largest SEBI registered full-service brokers in India. The company provides trading and research services to both retail and institutional investors.

The company offers to open only Demat account, 2-in-1 account, or 3-in-1 account (Trinity account) as per your choice with multiple brokerage plans. Kotak Securities also provides NRI account services for people living outside India.

Kotak Securities has a robust mobile, web and desktop trading platform for a wide range of investments and trading services like Stocks, IPOs, Mutual Funds, and Currency Derivatives. The company also offers direct investments in US stock markets and many other value-added services like Margin Trading facility, margin against shares, portfolio tracker, Capital gains tracker, API trading, and much more.

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4. What does Kotak Securities do?

Kotak Securities is a full-service broking firm providing trading, investment, and research services to Retail Individuals, High Net Worth Individuals, NRI, Corporate clients, and Foreign Investors.

Kotak Securities is a one-stop-shop that offers investment opportunities across multiple asset classes like Equity, F&O, IPO, Mutual Funds, Currency, Commodities, Sovereign Bonds, US Stocks, Tax-Free Bonds, NCD, and much more. The company provides online as well offline support to its customers. It also offers many value-added services like Margin Trading Facility, Margin against Shares, BTST, Portfolio Tracker, etc.

Research & analysis is one of the key offerings of Kotak Securities. The company has a strong research team that provides technical & fundamental analysis to its customers for an informed investment.

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5. How to close Kotak Demat and trading account?
Kotak Demat and trading account closure is an offline process and cannot be closed online.

Steps to close Kotak Securities Demat & trading account:
1. Download the Demat & trading account closure form
2. Fill in account holder details.
3. Mention the reason for the closure.
4. Enter the Trading account and DP account details.
5. Provide the contact number.
6. Get it signed by all the account holders.
7. Courier the form to the address on the form.
Points to note:
- In case you want to transfer securities from your existing account to some other account, you will have to fill the DIS (delivery instruction slip) along with the documents to the branch office.
- Please make sure that there is no negative balance in your account before requesting account closure.
- If you have any Mutual Funds in your account, either redeem or convert them offline.
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6. How to activate Kotak Securities account?
Kotak Securities account activation is an online process that can be done through mobile or web platforms.

After registering with Kotak Securities, customers need to activate their accounts. The account-related information gets sent to the customers on their registered email id.

Steps to activate Kotak Securities account:
1. Go to the 'login account activation' page of Kotak Sec website or click on Activate Account in Kotak Securities Mobile App.
2. Enter your User ID and Password.
3. Input the account Activation Pin.
4. Provide your 'Old Password' and your 'New Password'.
5. Confirm the new password.
6. Read and accept disclaimers.
7. Answer any two security questions.
8. Confirm your contact details.
9. Click on 'Submit'.
10. 'Agree' to the Terms & Conditions of the account.
Once your account gets activated, you can log in to your account and start trading.

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7. How to open an account in Kotak Securities?
Kotak Securities offers fully digital account opening.

Steps to open Kotak Securities account:
1. Visit Kotak Securities website.
2. Register and verify your mobile number and email id.
3. Provide your basic and identity details.
4. Upload KYC details
5. E-sign the form digitally to open an account.
Alternatively, you can visit the nearest Kotak Securities branch, or initiate a live chat with the Kotak Securities Customer Support desk and click on Open an account or drop a message on WhatsApp No. 77389 88888 to seek assistance and guidance on account opening.

You need to keep the following documents ready to open your account quickly:
- Pan Card
- Address Proof
- Bank Statement
- Aadhar Number
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8. How to activate derivatives in Kotak Securities?
You can activate derivatives in Kotak Securities online or offline by submitting the segment activation form.

Steps to activate derivatives in Kotak Securities online:
- Log in to your Kotak Securities mobile app.
- Click on More at the bottom of the screen.
- Click on Service & Support.
- Select Service Request.
- Click on Proceed under Segment Activation.
- Enter your annual income range and frequency for settlement of the account.
- Upload income proof.
- Click on the button against Equity Derivatives and Confirm.
Alternatively, you can download the Segment Activation Form from the Kotak Securities website and submit the duly filled form along with income proof at the nearest branch.

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9. What is Kotak Securities brokerage charges?

Kotak Securities offers free intraday trading across all segments. The brokerage charges of Kotak Securities differ based on the chosen plan.

Kotak Securities Brokerage Charges

Segment	Trade Free Plan (Brokerage)	Trade Free Max (Brokerage)	Dealer Assisted Plan (Brokerage)
Account Opening Charges	Free	Free	Rs 499
Subscription Fees	NA	Rs 2499	NA
Equity Delivery	0.25% or Rs 20 whichever is higher	0.25% or Rs 20 whichever is higher	0.39%
Equity Intraday	Free	Free	0.039%
Equity Futures	C/F: Rs 20 per order; Intraday: Free	C/F: Rs 20 per order; Intraday: Free	0.039%
Equity Options	C/F: Rs 20 per order; Intraday: Free	C/F: Rs 20 per order; Intraday: Free	Rs 39 per lot
Currency Futures	C/F: Rs 20 per order; Intraday: Free	C/F: Rs 20 per order; Intraday: Free	Rs 9 per lot
Currency Options	C/F: Rs 20 per order; Intraday: Free	C/F: Rs 20 per order; Intraday: Free	Rs 5 per lot
Commodity Futures	C/F: Rs 20 per order; Intraday: Free	C/F: Rs 20 per order; Intraday: Free	0.039%
Commodity Options	C/F: Rs 20 per order; Intraday: Free	C/F: Rs 20 per order; Intraday: Free	Rs 39 per lot

Note : C/F is Carry Forward Positions

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Kotak Securities Reviews

Compare Kotak Securities with Top Brokers in India

Kotak Securities Vs Zerodha	Kotak Securities Vs ICICIdirect	Kotak Securities Vs HDFC Securities
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Kotak Securities Vs Alice Blue	Kotak Securities Vs Fyers	Kotak Securities Vs Prostocks
Kotak Securities Vs RMoney	Kotak Securities Vs Bajaj Financial	Kotak Securities Vs Yes Securities
Kotak Securities Vs Paytm Money	Kotak Securities Vs Dhan

Special Offer: Kotak Securities - Pay ZERO Intraday Brokerage + F&O Rs 20 per trade + Free Account Opening. Open Instant Account Now

444 Comments

444. Anu

| Link|Sep 7, 2023 6:15:49 PMReply

Customer service 00000000, koe bhi query short nahi karte call aata he thodi bat karte he bolte he ham bad me inquiry karke call karte he par call nahi aate and nahi uthate and software me kitne gotale ,me to ek ke bad ek query ke liye call bhi Karu and mail bhi par koe solution nahi ,I am 60 years old par me to etni thak chuki hu bhagwan me kaha fasi ,ek bar position clear Karu and kab niklu , worst and har bar bad bad and very bad expiriance

443. Madhav

| Link|Aug 23, 2023 11:30:45 AMReply

I like their Trade free youth plan which is at very minimal cost.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Average
Website Usability - Above Average
Research Capabilities - Excellent
Customer Service - Excellent
Overall Experience - Excellent

442. Abdul tekar

| Link|Aug 9, 2023 4:10:11 AMReply

they will take money on every transaction of your trade and don't give you correctly explain for what they charging and how much they charging so it is their trap to eat your money hiddenly .it is loot of customer so plz go for some other broker instead of kotak …..plz note that all these other charges are extra excluding brokerage STT and other legal SEBI charges…which are note charged by other brokers
No. It has a horrible process to pull amount for trading from your bank.
Don't waste your time with Kotak Securities. I have a trading account with Kotak securities and I am regretting it now. Better to go with BenArmstrong-trades to grow.
I was able to open account in grow in less than 30 minutes just by sitting at home and through their websites. Copy trading and investment plans earns you more as a beginner. That's how things should be. Even in this age Kotak is asking you to give cheque, all documents in hard copy. The account manager on benarmstrong-trades will help you earn, they are far more reliable.

441. rajendra kumar shukla

| Link|Aug 7, 2023 3:37:56 PMReply

WORST BROKERAGE HOUSE WITH FALSE MARGIN TRADING FACILITY . Kotak can converts pledged stock to unpledged without consent and start asking for funds and start threating to liquidate stock .

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor

440. rajendra kumar shukla

| Link|Aug 7, 2023 3:33:52 PMReply

kotak securites margin trading facility is misleading and cheating , First they say that they will give four times and five times margin . But when we buy shares worth even three times of our fund , they start feeling uneasy and unpledge shares . This unpledged shares show minus balance , then their phone calls start and their threatening to liqidify our stock start . Really very cheap brokerage house .

439. Veena Bendre

| Link|Aug 4, 2023 4:36:28 PMReply

Worst experience with Kotak Securities. Its a nightmare to open account in Kotak Securities. Their customer care is bad and they dont understand what they are talking. Forget resolution, they couldn't get what is the issue I am facing.

438. Dimple Chaudhary

| Link|Jun 9, 2023 1:28:18 PMReply

They have best brokerage plans where you can save on brokerage as well as on 18% GST that gets levied on the brokerage.

They have Neo trading app which is quite smooth and the best part is Margin Trading Facility available at 10.22% p.a.

Go for it.

437. Abs

| Link|May 28, 2023 6:58:22 PMReply

Very poor response

436. Naresh Sharma

| Link|Oct 5, 2022 6:01:16 PMReply

They are biggest Cheater never open Dmat Account they fearlessly keep on operating your Trading Account even if client has logged off. Worst Customer care service never attend any call. No fear of SEBI, I complained on SEBI terminal no action by SEBI.

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436.2. Kapil

| Link|Dec 17, 2022 6:56:21 PM

I agree with you. Their portal is worst. even user can't get the proper statement

436.3. Rajiv Saxena

| Link|Apr 24, 2023 9:50:09 PM

Please complaint with SEBI for them, and BSE india as well. They will definitely take action against them.

435. wishwa

| Link|Feb 16, 2023 10:37:44 PMReply

I excitedly opened youth plan with no brokerage at all but later I have found that it steals money from your profit and when coustomer service is contacted it never responds. I sincerely recommend not to open any account with kotak if you love your hard earned money. I usually trade in currency segment and found that it had converted my two intraday profits into loss and when I checked my contract notes of the same date I cought them. They are thieves. This is my honest review.

435.1. Trade Expert

| Link|Apr 22, 2023 6:39:45 PM

Yes, they are thieves
I always earned profit but instead of going up my Funds are keep decreasing.
I swear they are the hell ones.

435.2. Rajiv Saxena

| Link|Apr 24, 2023 9:46:48 PM

Hello There, please post your quarry with SEBI they will defiantly help you and punish them.

434. Deep Blue Advisors

| Link|Mar 16, 2023 9:34:04 PMReply

Franchisee Aspirants beware, don't be surprised if u get mail for termination of Franchisee without any reason or change in brokerage sharing in their favor after taking all the clients. I have the recorded mail giving no reason for change in agreement unilaterally.

Secondly, Their platform is full of problems. Back end office portals are very pathetic. Trading platform is very slow i.e. response time for buying and selling is slow, difference of almost 5 - 10sec in ticker price movement which can lower ur chances in trading

Beware!!!

433. N Paliwal

| Link|Mar 9, 2023 1:57:04 PMReply

Excessive charges for demat, mostly hidden under the cover as AMC
no body in staff to attend the queries,

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Below Average
Website Usability - Average
Research Capabilities - Below Average
Customer Service - Very Poor
Overall Experience - Very Poor

432. Ashish

| Link|Aug 10, 2022 4:25:29 PMReply

I opened my first ever Demat account with Kotak Securities and am super happy! The app is easy, breezy and just makes it so much easier to trade. Besides, I am also getting zero brokerage on intraday trades.

432.1. ashish

| Link|Jan 17, 2023 2:29:05 AM

bhai kuch zero nahi hai mera perlot buy 100 rs and sell 100 rs liya hai .

431. Swaagat Shivalkar

| Link|Jan 16, 2023 12:39:10 PMReply

Pathetic KB neo software for trading,takes ages to square off till rhebinvestor loses both his profit, capital and patience. The CST team is trained to act sympathetic at times turn deaf when receive complaints by investors....high time should be listed as fraudsters....SEBI TO TAKE NOTE THAT BVIZ IF SUCH FRAUDULENT BANKS AND THEIR PRODUCTS INVESTORS WILL LOSE INTEREST IN TRADING

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor

430. AJ

| Link|Dec 21, 2022 1:49:46 PMReply

Kotak securities is one of the worst run securities I have dealt with. Discount brokerages give you better service (without taking any brokerage). KSL will randomly have issues where you have no access to your portfolio and hence potentially lose money. They keep doing upgrades during market hours which inhibits the clients from making trades. VERY POOR SERVICE.

No real issues get resolved - they just push you to a limit where you finally ignore the issue. That is the way to resolve they problem solve.

All reports are inaccurate and they take months to try to rectify it - and thats still not been resolved.

Better going with a discount brokerage like Zerodha - where they actually solve the problems within 24-48 hours.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Average
Website Usability - Below Average
Research Capabilities - Average
Customer Service - Very Poor
Overall Experience - Very Poor

429. AYYANAR

| Link|Nov 10, 2022 6:01:54 AMReply

Selling and buying rates are indicates shown fraudly , time different more than 5 seconds, so it is seated chane of my money, I lost lot of money

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor

429.1. Kapil Chopra

| Link|Dec 17, 2022 6:58:16 PM

i lost lot of money on their research too..

428. Sureshkumar

| Link|Nov 25, 2022 10:30:20 AMReply

i had tried to activate one segement more than a month.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Above Average
Website Usability - Above Average
Research Capabilities - Excellent
Customer Service - Very Poor
Overall Experience - Very Poor

427. Samjos

| Link|Oct 15, 2022 6:09:14 AMReply

Don't open account in KS. I had used for 3 years waiting for them to improve, but they are getting worst, so closing now.
1) Among increasing popularity of SME IPO they don't display them & thus not allow SME IPO application.
2) Even with mainboard IPOs, they close at 12MD last day. So if you are applying after look at last hour subscription in IPOs, KS does not allow application after 12 MD.
3) They require minimum Rs 1000 balance in trading account, though you got a 3in1 account. Every week they & nse send you either positive & negative fund balances by SMS, & you have to login every week to find cause & settle them or you need to pay HEAVY interest & auto settlle at 3 months if you had excess balance. With HDFC or AXIS SECURITIES, I don't have to balancing every week or pay hefty interest. They auto deduct from savings account as & when required, 1-2 in year.
4) They require to transfer fund from bank to trading account, before ordering any equity cash purchase, (atleast 25% of it & rest within 2 days, or they send SMS to oledge your shares). This is not required with atleast HDFC or AXIS SECURITIES. They directly transfer amount from savings account when order is executed, or give error of insufficient fund at beginning.
5) When you get offline transfer of gifted shares to your demat account, it does not allow to adjust purchase prices of securities, instead consider day & price of transfer day to calculate short or long term capital gains. Legally in case of offline transferred gifted shares, purchase price & date is considered of donee.
6) You are charged separately to receive tips by sms or by phone.
7) still many others, that I won't suffer with other 3in1 bank brokers.

427.1. Shrikant Atmaram Sawant

| Link|Nov 8, 2022 10:58:18 AM

ICICI Direct 3 in 1 account is also same, they will deduct the unknown charges from the saving account. If you are availing MTF (magin trading funding) facility then you will become their prey. They deduct many charges they haven't informed you ever. The customer care officers are the worst in the world they are purely illiterate people and they always fail to confidently tell you the explanation or the solution of any query.
One of the most expensive and fraud brokerage houses in India.
Please don't open demat and trading account in ICICI direct.

426. Samjos

| Link|Oct 15, 2022 6:31:31 AMReply

One worst feature forgot to mention in my early post.
I had transferred bulk of my shares to my son, & still after 1-2 year, they still show in my portfolio. When I asked local KS guy, he said to find DP Available stock, it show my correct holding, but portfolio tracker or statement if holdings or gainloss statement still those shares transferred before years.

425. Sarvesh Khandelwal

| Link|Oct 14, 2022 2:04:19 PMReply

Open demat account with Kotak Security and you will surely experience a secure trading experience. All the required support, data, research everything is provided by Kotak Securities. Definitely deserves to be recommended.

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