Apr 229 min read
Mar 319 min read
Dec 23, 20235 min read
Get ₹500 for every successful referral on opening demat account on Kotak Securities plus enjoy 10% brokerage sharing for 2 years. Join Kotak Securities Refer and Earn now!
Demat Account
A: Kotak Securities Limited is a subsidiary of Kotak Mahindra Bank, one of India's leading full-service brokerage firms. Established in 1994, it offers a wide range of investment options to both retail and institutional customers, which includes equities, derivatives, currency derivatives, IPOs, mutual funds, and fixed deposits.
A: The Refer and Earn program by Kotak Securities is a referral incentive where existing customers ('Referrers') can invite friends ('Referees') to open a trading and investing account with Kotak Securities. For each successful referral, the referrer earns rewards including cash and a share of the brokerage.
A: For every successful referral that results in an account opening, you earn ₹500 plus 10% of the brokerage generated by your referee for 2 years, with a maximum cap of four account openings per month.
A: You can refer as many friends as you like, but the ₹500 reward per referral is capped at four successful account openings per month.
A: The ₹500 reward will be credited to your Referral Ledger as Referral Points on T+3 working days after a successful account opening by your referral.
A: The 10% brokerage share earned from the trades done by your referrals will be credited to your Referral Ledger on the 20th of the following month.
A: Yes, you will earn 10% of the brokerage generated by your referees for a period of 2 years from the date of their account opening.
A: A successful referral means that the referee (person you referred) has opened an account with Kotak Securities using your unique referral link and has not previously registered with Kotak Securities.
A: No, in order for you to receive the referral reward, your referee must open the account by clicking on your unique referral link. Otherwise, the referral will not be considered successful.
A: Yes, if your referee is below 30 years of age and they opt for the Trade Free Youth Plan, they will benefit from zero brokerage on delivery trades, intraday and F&O trades, as well as IPO and mutual fund investments.
A: Referees above the age of 30 who opt for the Trade Free Plan will enjoy zero brokerage on all intraday trades and mutual funds & IPOs, in addition to paying only ₹20 per order for carry forward F&O trades.
A: The rewards are credited to your Referral Ledger in the form of Referral Points at the stipulated times after completing the respective stages (account opening and monthly brokerage earnings).
A: If your referred friend opens an account at a later date without using your unique referral link, you will not be eligible for the referral rewards.
A: Yes, apart from the regular benefits of joining Kotak Securities, referees enjoy special benefits based on their age group, such as zero brokerage on certain trades with either the Trade Free Youth Plan or the Trade Free Plan.
A: No, there are no charges or fees required to participate in the Kotak Securities Refer and Earn program. It is a value-added service offered to existing clients.
A: Yes, you can typically track the status of your referrals and rewards through your user dashboard on the Kotak Securities platform or by contacting customer service.
A: If you believe you have not received a referral reward you are entitled to, you should contact Kotak Securities customer service with the details of the referral for assistance.
A: The program is generally available to all Kotak Securities customers; however, NRIs are subject to additional regulatory and compliance requirements. It is advised to check with Kotak Securities customer service for specific eligibility.
A: You can refer a friend by sharing your unique referral link provided by Kotak Securities. Your friend needs to open an account using that link for the referral to be successful.
A: While there is a monthly cap of ₹500 x 4 for successful account openings, there is no limit on the 10% brokerage sharing for all the clients you refer within the 2-year eligibility period.
A: No, the referral rewards are not transferable and are credited to the Referral Ledger of the referrer only, in line with the terms and conditions of the program.
A: Opening an account with Kotak Securities is a straightforward process. You can apply online by visiting their official website and clicking on the 'Open an Account' section. You will need to provide personal information, bank details, and documentation for KYC (Know Your Customer) purposes, including identity proof, address proof, and income proof, if applicable.
A: The charges for maintaining an account with Kotak Securities include account opening charges, annual maintenance charges (AMC), brokerage rates, and transaction costs, which may vary depending on the type of account and services you opt for. It's advisable to check their official website or contact customer service for detailed and up-to-date information.
A: Yes, Kotak Securities offers the option to invest in mutual funds. They provide a platform where you can explore, compare, and invest in a wide range of mutual funds from leading AMC’s (Asset Management Companies) across the country.
A: Kotak Securities offers several trading platforms to its customers including:
KEAT Pro X: A high-speed trading software that allows you to monitor the markets in real-time.
Kotak Stock Trader: A mobile application that allows you to trade and monitor your investments on the go.
Website Trading: A user-friendly interface accessible through their website.
Xtralite: An extremely light, web-based platform for users with slow internet connections.
A: Kotak Securities provides several channels for customer support, including a toll-free number, email support, and branch visits. For specific queries or issues, you can log in to your account and raise a service request.
A: Yes, Kotak Securities offers advisory services where they provide investment advice based on detailed research. They offer portfolio management services, wealth management services, and also personalized stock recommendations to help you with your investment decisions.
A: KEAT Pro X is a free, downloadable trading software offered by Kotak Securities that allows customers to monitor the stock market in real-time, create watchlists, and execute trades across various asset classes instantly.
A: Yes, the Kotak Stock Trader is the mobile app offered by Kotak Securities. It features live streaming of stock market data, intraday charts, a personalized watchlist, and allows you to trade in equities, derivatives, and currency segments. It also provides the convenience of fund transfer and has an easy-to-use interface.
A: Kotak Securities employs state-of-the-art security measures to ensure the safety and security of its online platforms. This includes two-factor authentication, secure socket layer encryption, and auto-logout features to protect your personal and financial information.
A: Yes, Kotak Securities allows trading in derivatives, including futures and options, across equity, currency, and commodity segments. They provide various tools and resources to help you make informed trading decisions.
A: Kotak Securities offers comprehensive research reports, market analysis, sector reports, daily market updates, and stock recommendations. These resources are meant to help traders and investors make informed decisions.
A: Yes, Kotak Securities offers a range of educational resources, including articles, videos, webinars, and demo videos for new investors. These resources cover various topics related to stock market investing, trading platforms, strategies, and much more.
A: Yes, Kotak Securities offers specialized NRI trading accounts. NRIs can trade in equities, derivatives, and other investment options offered. However, it's important to fulfill certain regulatory and KYC requirements.
A: Kotak Securities sets itself apart through its vast range of investment options, robust trading platforms, comprehensive research tools, personalized advisory services, and a nationwide network of branches and customer support systems. Additionally, being backed by the renowned Kotak Mahindra Group adds a layer of trust and reliability to its operations.
Other Demat Account Refer and Earn Program Similar to Kotak Securities: