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Kotak Securities FAQs (Frequently Asked Questions)


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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-p... Know more about Kotak Securities Ltd

Do you have questions about Kotak Securities share trading account or Kotak Securities Demat account?

Get all your share trading doubts and questions answered by reading the Kotak Securities demat, trading account information FAQ. All Kotak Securities questions, Kotak Securities q&a, Kotak Securities faq and Kotak Securities questions and answers.

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Open a 3-in-1 account and get:

  • Brokerage-Free Intraday trades (Equity and F&O).
  • Flat Rs. 20 per trade brokerage in F&O

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Frequently Asked Questions

  1. 1. How to invest in IPO through Kotak securities ASBA process?

    To invest in IPO through Kotak securities, one has to follow below easy steps:

    • First login on www.kotaksecurities.com and enter User ID & password
    • Go to IPO section & click on 'Place Order'
    • Click on 'ASBA application' radio button which fill all the necessary details to place an IPO order
    • After filling all details, click on 'Place Order' tab which will take you to 'Order Confirmation Page'
    • Check & confirm the details that you have filled in & click on 'Apply' tab to complete the IPO transaction

     

     

  2. 2. How to close Demat account in Kotak Securities?

    Demat account closure is an offline process in Kotak Securities. Please ensure that you do not have any holding in your account and FATCA is updated in your account before requesting account closure.

    Steps to close your Demat account are:

    1. Download the Demat account closure form
    2. Fill in the details like DP ID, Client ID, Account holder information, Reason for closing your account.
    3. Sign the form.
    4. Send the form to the address mentioned in the closure form or visit the nearest branch to submit it.

     

     

  3. 3. Can I place multiple order under ASBA process?

    Yes, user can place 3 orders at different rates.

     

     

  4. 4. Can a client revise the bid at which he placed the application order?

    Yes, Revisions/ modifications can be done on the online portal and the final amount payable will be blocked by the Bank subsequently.

     

     

  5. 5. Can I withdraw the blocked amount in favor of ASBA application?

    No, the amount blocked in your bank account supporting the ASBA application cannot be withdrawn till the time of allotment.

     

     

  6. 6. Can a client withdraw application placed using ASBA during the issue period?

    Yes, he can make cancellations on the online portal till the last day of the issue. Subsequently, he will have to approach RTA for withdrawals.

     

     

  7. 7. Is all the clients allowed to invest through Kotak securities ASBA process?

    This facility is available only for the clients having Trinity account with Kotak Securities whose mapped bank is the Kotak Mahindra Bank.

     

     

  8. 8. What is Kotak Securities?

    Kotak Securities is a SEBI registered broking firm offering trading, investment, research, and portfolio management services in India. It is a subsidiary of the reputed Kotak Mahindra Bank.

    The company is a member of NSE, BSE, NCDEX, MCX, CDSL, and NSDL that facilitates trading across different segments of the financial market. Apart from the Indian stock and derivatives market, the company also allows investments in the US stock markets. The company also offers Margin against shares and a Margin trading facility.

    Kotak securities offer a 3-in-1 account - a combination of Demat, trading, and bank account, along with independent Demat and trading accounts.

     

     

  9. 9. What is spread in Kotak Securities?

    The spread is the difference that the client wishes to maintain between the market price and the trigger price of the stop-loss order while placing his order on the Kotak Securities platform.

     

     

  10. 10. What is Kotak Securities payout?

    The settlement cycle applies to Kotak Securities' online trading clients. The payout statements are automated. You will receive them at the frequency you selected when you opened your account, i.e. daily, monthly or quarterly.

    All brokers are required to return the funds to the client's account within 3 days if no trades have been made in the last 30 days. The funds will be transferred back to the main bank account linked to the Kotak Securities trading account.

     

     

  11. 11. How to add a bank account in Kotak Securities?

    Kotak Securities offers a 3-in-1 account that includes a bank account, a demat account and a trading account. This way your bank account is already linked to your trading account and you do not need to add it separately.

    If you already have a bank account with a bank other than Kotak Securities, add the bank details when you open the demat and trading account (2-in-1).

    If the customer already has a savings account and a demat account with any of the following banks - Kotak Mahindra Bank, IndusInd Bank, ING Vysya Bank, Federal Bank, Citibank, Union Bank of India or Oriental Bank of Commerce - you just need to link your trading account and start trading.

    To add funds from other bank accounts to Kotak Securities, please follow the steps below:

    1. Log in to Kotak Securities App or Website.
    2. Go to the trading section.
    3. Click on Funds > Money Transfer > Transfer Funds
    4. Select a bank you want to trade with and click Submit.
    5. Select your bank's name and the amount you want to transfer and click Go.
    6. You will be redirected to the bank's payment gateway
    7. Complete the transaction and your money will be added.
    8. Add steps if we can find the steps it will be helpful.

     

     

FAQs

  1. What is AMC for Kotak Securities?

    Kotak Securities charges Rs 0 Annual Maintenance Charge (AMC) for a trading account and Rs 600 for a Demat account. AMC is charged to maintain the accounts.

  2. How much Kotak Securities charge for delivery?

    Kotak Securities charge 0.25% (Minimum Rs 20 per trade) for equity delivery trade. These trades are also known as cash & carry trades or CNC.

    Espresso customer also has to pay taxes, demat debit transaction fee (Rs 13.5 per trade) and exchange transaction charges.

  3. How much Kotak Securities charge for intraday?

    Kotak Securities charge Free for intra-day trades. These orders are also known as Margin Intraday Square-up or MIS orders. All open intraday orders are auto squared-off at the end of the day. Extra leverage is offered for these trades.

    In addition you have to pay taxes and exchange transaction charges.

  4. How much Kotak Securities charge for futures?

    Kotak Securities charge Delivery: Rs 20 per trade | Intraday: Free for equity, currency and commodity futures trading.

  5. How much Kotak Securities charge for options?

    Kotak Securities charges Delivery: Rs 20 per trade | Intraday: Free for equity, currency and commodity options trading. Options are highly leveraged derivative products. Options trading is used in many ways including hedging or to reduce the risk exposure of the portfolio.

  6. How much Kotak Securities charge for commodity?

    Kotak Securities brokerage charges for commodity futures is Delivery: Rs 20 per trade | Intraday: Free and commodity options is Delivery: Rs 20 per trade | Intraday: Free. Commodities futures are agreements to buy or sell raw material (food, energy or metal) at a specific date in the future at a particular price. Commodity options contracts are the right to buy (call option) or sell (put option) underlying commodity futures at predetermined prices on the date of contract expiry.

  7. How much Kotak Securities charge for currency trading?

    Kotak Securities charge Delivery: Rs 20 per trade | Intraday: Free for currency futures trading and Delivery: Rs 20 per trade | Intraday: Free for currency options trading.

  8. What are transaction charges in Kotak Securities?

    Transaction Charges (or Exchange Turnover Charges) is a fee charged by the stock exchanges for trades done through them. Most brokers include clearing charges to it. These charges can be seen in the contract note.

    Kotak Securities Transaction Charges 2024
    SegmentTransaction Fee
    Equity DeliveryNSE Rs 335 per Cr (0.00335%) | BSE Rs 375 per Cr (0.00375%) (each side)
    Equity IntradayNSE Rs 335 per Cr (0.00335%) | BSE Rs 375 per Cr (0.00375%) (sell side)
    Equity FuturesNSE Rs 200 per Cr (0.002%) | BSE Rs 0
    Equity OptionsNSE Rs 5050 per Cr (0.0505%) | BSE Rs 500 per Cr (0.005%) (on premium)
    Currency FuturesNSE Rs 95 per Cr (0.00095%) | BSE Rs 22 per Cr (0.00022%)
    Currency OptionsNSE Rs 3700 per Cr (0.037%) | BSE Rs 100 per Cr (0.001%) (on premium)
    CommodityMCX (for Agri & Non Agri): 0.0026%, NCDEX: 0.006% | Commodity Options: MCX : 0.05% & 0 for NCDEX
  9. Does Kotak Securities offer IPO?

    Yes. Kotak Securities offers online IPO applications to its customers. Initial Public Offer (IPO) offers an early opportunity to buy shares of companies that are not previously traded publicly.

  10. Does Kotak Securities offers Mutual Funds?

    Yes. You can buy/sell Mutual Funds if you have an account with Kotak Securities.

  11. Do Kotak Securities provide margin funds?

    Yes. Kotak Securities provide margin funding.

  12. Does Kotak Securities provide tips?

    Yes. Kotak Securities provide trading tips for stock and commodity trading to its customers.

Kotak Securities Account Opening Enquiry

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Information on this page was last updated on Friday, July 5, 2024

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1 Comments

1. Dhrumil Munshi   I Like It. |Report Abuse|  Link|October 30, 2024 11:09:19 AMReply
Are there any charges on shares transfer from Kotak to any other? If yes please share the details for the charges of share transfer process.