Steps-by-Step Guide on How to Open Demat Account in Kotak Securities: Kotak securities is one of the reputable full-service brokers in India that offers discount brokerage along with premium full broker offerings in its Trade FREE Plan. In this article, we’ll discuss how to open demat account in Kotak Securities Trade FREE Plan within 5 minutes and you can start trading within 60 minutes.
Kotak Securities – Trade FREE Plan Overview
Kotak Securities was traditionally a full-service broker with premium offerings, but high brokerage charges. However, after the entrance of the discount brokers in the Indian stock broking industry, they started getting a lot of competition from the new disruptors like Zerodha and Upstox. Discount brokers started offering cheaper brokerage charges with technically advanced technology platforms which attracted a lot of customers.
To fight back with the disrupting discount brokerage, Kotak securities launched its TRADE FREE PLAN in November 2020. Here are key facts about Kotak Securities Trade FREE Plan:
- It offers ZERO Brokerage on Intraday Trades
- For all other F&O trades, the brokerage is charged at Rs.20 per order
- MIS & Super Multiple (Cover Order) at also charged at just Rs.20 per order
- Trade FREE Plan offers Margin Trading Facility
- Investors can also use Stocks as Margin (Instead of Cash Margin) in this plan
- Finally, Customer Satisfaction Guarantee is offered by Kotak Securities Trade FREE Plan
Quick Note: Under the Customer Satisfaction Guarantee, if the customer is not satisfied with the services, they can ask for a refund of fees and brokerage within one month of account opening.
Another exclusive feature of this new Kotak Securities TRADE FREE Plan is that here customers can open their broking account in just 5 minutes and start trading the same day.
Documents Required to open a Demat account in Kotak Securities
Here are the documents required to open a demat and trading account at Kotak Securities. No hard copy will be required. Simply, keep the soft copies of all these documents ready before you apply for opening the accounts as you’ve to enter the details during the account opening process:
- PAN CARD Number
- Aadhar Card (with linked mobile number)
- Bank Account Number
- Your Signature on a piece of paper (Photo or Scan copy)
Account opening charges at Kotak Securities Trade FREE Plan
Currently, the account Opening Charges to open demat and trading account in Kotak Securities Trade FREE Plan is waived. In other words, you can open a FREE Demat and Trading account with them.
How to open your Demat account in Kotak Securities Online?
Short Answer to Open Your Kotak Securities Account
First of all, let me give a short answer on How to Open Demat Account in Kotak Securities – Trade FREE Plan?
On this page, the first step is to signup using your full name, mobile number, city details. Then, verify the OTP. Next, you’ll be required to enter your PAN Card, bank account, Aadhar-OTP verification, and personal details to complete with the signup.
All the instructions are clearly mentioned in the each-step of the account opening page. If you are good at following instructions efficiently, then you do not need to read this entire post. Just go to the account opening page, follow the instructions, upload the documents and your account will be opened.
You can also watch the 5 minute video of how to Open FREE Demat Account in Kotak Securities –
Detailed Steps to Open Demat Account in Kotak Securities
Here are the exact (Step-by-Step) explanation to open demat account in Kotak Securities:
Step 0: Sign Up Using the link
Here, enter your full name, phone number, city and click on Sign Up.
Then, you’ll receive an OTP on your registered phone number and email id. Enter and verify OPT of both phone and email.
Step 1: Proof of Identity
Here, you’ve to enter your PAN CARD number and date of birth to confirm the proof of your identity.
Step 2: Personal Info
In this step, you have to enter your key details like Father’s Name, Mother’s Name, Marital Status (Single/Married), Annual Earnings, and Trading Experience (Number of Years). After entering all these details, click “Next” to move forward with the account opening process.
Step 3: Bank Proof
Here, you’ve to enter the bank details with which you want to link your trading account. You’ve to mention the Account Number and IFSC Code. All the other details will be auto-fetched and your account will be verified. Once, you’ve bank is verified, move to the next step.
Step 4: Proof of Address
Here, your Address will be verified using your Aadhar card. You have to proceed with your Digilocker account for it. If you don’t have a mobile number linked to Aadhar, either you can link it following the instructions given or request physical assistance for account opening.
You will need to provide & verify your Aadhar number on Digilocker dashboard.
Step 5: Upload Documents
Here you have to upload your asked documents. Take the selfie using your webcam/camera and upload it. For signature either you can sign on screen or do it on a piece of paper & upload the scan copy. Your PAN card will be auto-fetched from Digilocker.
Step 6: Review Application
Finally, you’ve to review your application and click on ‘eSign and Submit Form”
Step 7: Esign on NSDL
Once you click on ‘eSign and Submit Form” in the last step, it will redirect you to the NSDL Electronic Signature Service page. Here, you’ve to enter your Aadhar Number first. You’ll receive an OTP on your Aadhar registered phone number.
Enter the OTP and verify to complete the eSign.
Step 8: Congratulations!
Congratulations, you’ve completed the Kotak Securities account opening process. All the account opening steps are complete by now.
Next, you’ve to wait for Form verification and approval from the Kotak securities team. Generally, it will be done within an hour during working hours. Once your account is verified, you’ll receive emails regarding “Account is approved” and your login credentials to start trading.
In general, you can actually complete all these account opening processes within 5 minutes and start trading/investing the same day.
Till now, we only discussed How to Open Demat Account in Kotak Securities - Trade FREE Plan. Anyways, once your account is verified and active, you can start investing or trading in stocks using Kotak Securities trading platforms. Here’s a link to their trading platform. Simply login using the credentials that you’ve received on your email and start trading/investing.
That’s all for this article on How to open Demat account in Kotak Securities. If you’ve got any doubts or queries, feel free to comment below. I’ll be happy to help. Have a great day and Happy Investing.