Kotak Securities

Q: What is Kotak Securities?

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.

Q: What is the Kotak Securities Refer and Earn program?

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.

Q: How much do I earn for referring someone to Kotak Securities?

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.

Q: What is the maximum number of referrals I can make in a 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.

Q: When will I receive the ₹500 reward for each successful referral?

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.

Q: How will I receive the 10% brokerage share from my referrals?

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.

Q: Is there a time limit on earning the brokerage share from my referrals?

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.

Q: What does a successful referral mean?

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.

Q: Will I receive the referral reward if my referee does not use my referral link?

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.

Q: Can I earn the refer a friend benefit if my referral is someone below 30 years old?

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.

Q: How does the referral benefit differ for referees above 30 years of age?

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.

Q: How are the referral rewards credited to me?

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).

Q: What if my referred friend opens an account with Kotak Securities later without my link?

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.

Q: Does the Refer and Earn program have any special benefits for referees?

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.

Q: Are there any charges or fees to participate in the Refer and Earn program?

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.

Q: Can I track the status of my referrals and rewards?

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.

Q: What should I do if I did not receive my referral reward?

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.

Q: Does the Refer and Earn program extend to NRIs?

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.

Q: How can I refer a friend to Kotak Securities?

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.

Q: Is there any limitation on the number of referral rewards I can earn over time?

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.

Q: Are the referral rewards transferable?

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.

Q: How can I open an account with Kotak Securities?

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.

Q: What are the charges or fees for maintaining an account with Kotak Securities?

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.

Q: Can I invest in mutual funds through Kotak Securities?

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.

Q: What are the trading platforms offered by Kotak Securities?

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.

Q: How can I reach Kotak Securities customer service?

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.

Q: Does Kotak Securities offer advisory services?

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.

Q: What is KEAT Pro X?

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.

Q: Is there a mobile app for Kotak Securities, and what features does it offer?

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.

Q: How secure is trading with Kotak Securities?

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.

Q: Can I trade in derivatives with Kotak Securities?

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.

Q: What research amenities does Kotak Securities offer to its traders and investors?

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.

Q: Does Kotak Securities offer educational resources for new investors?

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.

Q: Can NRI’s trade with Kotak Securities?

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.

Q: What makes Kotak Securities different from other brokerage firms?

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.