Kotak Securities Account Opening Process

Open an online demat and trading account with Kotak Securities. The broker charges you just Rs 99 trading account opening fee and offers you all trading and investment products, be it stocks, derivatives, commodities, currencies, IPO, mutual funds and more. You also get access to expert research and advisory services.

Let’s take a step-by-step look at how to open a Kotak Securities account online, the documents required, account opening and maintenance fees and the account closure process.

Kotak Securities Account Opening Charges

How to open Kotak Securities Demat and Trading Account Online?

Open an online Demat account instantly at zero paperwork. The full-service stockbroker offers a fully digital account opening process. You can open Kotak Securities trading and demat account using its website or mobile app.

Steps to open Kotak Securities Account online;

1. Enter your mobile number and sign in with OTP.
2. Select your trading experience as a beginner, casual trader, or an expert.
3. PAN verification: Enter your PAN number, date of birth, and tap on continue.
4. Now, verify your identity using Aadhaar details via DigiLocker.
5. Enter your aadhaar card number and OTP sent on the linked mobile number.
6. Tap on continue and provide the required documents.
7. The system will automatically fetch your details, enter the remaining details now.
8. Add a nominee to your demat account.
9. Now verify your email ID, you can continue with Gmail or enter a valid email ID.
10. Provide other details like marital status, occupation, income, etc.
11. Enter your bank account details with Kotak or any other bank.
12. Submit a selfie, signature, and PAN card picture.
13. If you have a bank account in any bank (other than Kotak), provide your bank account statement or cancel cheque.
14. Untick the cheque box, if you are not using a personal mobile number and email ID.
15. Enter the relationship with the person whose mobile number and email address is provided.
16. If you want to trade in F&O, tick the checkbox and upload an income proof.
17. Select the tariff plan between Trade Free Youth, Trade Free, Trade Free Pro, and Dealer Assisted plan.
18. Tap on continue and you will be redirected to the payment page.
19. Now, digitally sign your account opening form using Aadhaar e-sign.
20. You will receive the confirmation on your registered mobile number and email ID about successful account opening.

Kotak Securities Account Opening Documents

Here is the complete list of documents required to open a Demat Account in Kotak Securities;

• Passport size photograph
• PAN card
• ID proof: Aadhaar card, voter ID, driving license, etc.
• Address proof: Aadhaar card, utility bill, etc.
• Bank account proof: Cancelled cheque leaf, bank account statement, etc.
• Income proof: Copy of IT return, Form 16, last 6 months bank statement, etc.

Kotak Securities Account Closure Charges

No charges!

Yes, there are no charges for closing your Kotak Securities trading and demat account. If your account is not being used, it is better to close your demat account to avoid the annual maintenance charges.

How to close Kotak Securities Demat Account?

Can I close my demat account online? No, you can only close your account offline by submitting the closure request form to the broker.

1. Download the closure form from the official webpage of Kotak Securities.
2. Fill out the form with all the details required such as DP ID, client ID< KYC details, and reasons for closing your account.
3. Sign the duly filled form. In the case of joint account holders, the form must be signed by all the holders.
4. Submit the duly filled form to the nearest DP’s branch or send it to the Head office.

After you submit the closure form along with supporting documents, it may take upto 7 working days to close your trading account.

Before closing your account, kindly ensure the following;

• Your demat account must be empty and you should not have any holdings or shares in it. If you have any shares, you can either transfer it to another demat account or sell them.
• Your trading account must report zero balance. If there is a negative balance, you must pay off them before account closure.

Kotak Securities Account Closure Form

All the forms are available to download on the Kotak Securities website. To get the closure form, visit the DP’s webpage>>> Go to the support option >>> tap on Form download. Now, find the account closure form using the search option bar.

Click here to get the account closure form.