Organization : Kotak Securities Ltd
Facility :Open Demat Account
Home Page :http://www.kotaksecurities.com/ksweb/
Apply here :http://www.kotaksecurities.com/ksweb/Our-Offerings/Account-Types/Demat-Account#
Demat Account :
** A dematerialized or demat account is a facility that allows investors to hold shares in an electronic format. This is similar to a bank account, where you keep your money. In this case, a demat account holds the certificates of your financial instruments like shares, bonds, government securities, mutual funds and exchange traded funds (ETFs).
** You need a demat account before you start to trade on India’s stock exchanges.
What does Kotak Securities offer :
** At Kotak Securities, you can open both demat as well as trading accounts either independently or at the same time. This is called a two-in-one account.
** Kotak Securities also offers a three-in-one account – demat, trading as well as a bank account, together with Kotak Mahindra Bank Limited. This means, you won’t have to open three accounts separately, but instead do so with a single application form. Also, you won’t have to manually transfer money to your trading account from your bank account. The required funds get credited automatically.
How to open a Demat Account with Kotak Securities :
Kotak Securities is a depository participant – the intermediary between CDSL and NSDL, and you. It is very easy to open a demat account with Kotak. Here are the key things that you require :
** Filled application form for opening demat
** Passport size Photographs
** Proof of identity (Driving Licence, Voter’s Id, Aadhar Card)
** Proof of address(Passport, Driving Licence, Voter’s Id, Aadhar Card)
** Copy of PAN card
** Signup and reap the benefits of Super Multiple Open a Trading Account
Benefits :
Cuts Paperwork :
Since all your certificates are electronic, transactions are less cumbersome. You never have to deal with the physical documents and the related paperwork. When you trade shares or other financial instruments, there is no need to actually hand over certificates to the buyer or seller.
Less Risk :
When you are dealing with physical copies of certificates, there are many risks involved like fake securities, bad delivery, incomplete paperwork, or simple destruction of the paper or ink. In the demat form, certificates last longer and you eliminate these risks.
Low Costs :
Dealing in physical securities involves a lot of additional costs such as handling expenses, stamp duty as well as for safety. These are very hard to determine beforehand. All these are eliminated when maintaining a demat account. Also, all costs are detailed in advance.
Instant :
Since we are dealing in the electronic format, delivery is completed within a few days. Earlier, this used to take weeks, if not months. This means transactions become seamless and inexpensive.
Account Charges :
Several charges apply while operating the demat account. These are transparent and you (the account holder) must know these upfront. We mention below the exact charges along with the attendant conditions, so that there is complete clarity.