5 Simple Steps on How to Open a Demat Account with Kotak Securities?

5 Simple Steps on How to Open a Demat Account with Kotak Securities?

by Ramit

A Demat account is basically a depository similar to that of a bank. However, it holds stocks that are purchased by an investor in a digital format.

Any investor who does regular trading should open a Demat account with the depository via a DP. The Depository Participant is an intermediate between the depository and the investor.

When Should you open a Demat account

Stocks are stored and sold from your Demat account. Any stock which is in the form of paper can also be dematerialized and added to your Demat account.

If you open a Demat account, it will give you an opportunity to invest in different assets, such as Gold, Commodities, and ETFs, etc.

Purpose Of Demat Account.

Wondering What A Demat Account Is?

The function of a Demat account is not just storing your shares. Demat accounts process the function of converting physical shares into an electronic form. This converted share is dematerialized and held in a Demat account.

Demat account is a feature-rich account. By opening a Demat account, you can hold multiple share certificates, postal delays, and much more. A Demat account is a safe and reliable way of holding your securities. With a Demat account, there is no chance of delay, and the time taken for buying or selling any securities is much less than traditional trading with physical certificates.

Advantage of Opening A Demat Account

  • With the online transactions and Demat account, the cost for trading and storing shares is lower than the physical form.
  • Transactions are easier to manage and investments are much quicker compared to the olden days.
  • From one to multiple shares, you can hold and sell.
  • A Demat account eliminates all the threats of losing, forgery, bad delivery, and theft of securities.

You can open an account through Kotak Securities, which provides bank, broker and financial solutions. The 3-in-1 solution for Demat accounts is most recommended among the traders.

How To Open A Demat Account?

Kotak Securities provides zero brokerage on intraday trades. It’s a very easy and smooth experience to open a Demat account with Kotak Securities. It is a reputed brand with over  2 decades of existence and serving around 20 million-plus customers.

You can open a Demat account with 5 Simple steps through Kotak Securities.

5 Steps to Open A Demat Account Online.

  1. Visit  https://www.kotaksecurities.com/open-demat-account/ 
  2.  Register and verify your Mobile Number and Email id.
  3. Enter your basic details.
  4. Scan and upload your personal documents with Digi Locker.
  5. Authorize the process by e-sign on the Kotak Securities website.
  6. Receive your credentials.

Kotak Securities offer a free Demat account. There are only charges which are applicable after opening a Demat account, which is the annual charges and transaction charges.

Kotak Securities provides the best experience of trading with Kotak trade API. Further, a major perk of Kotak Securities is that it caters to a 3-in-1 account, which includes a Kotak Mahindra Bank saving account,  a trading account, and a  Demat account. This gives you direct access to your savings and trading without any hassles and helps you avoid the pain of manually transferring money.

Related Posts