|FAQ's > Money Transfer > General Queries|
it necessary to open bank accounts with designated banks? What is the advantage
of opening an Internet-banking account with your|
It is necessary that you open a bank account with our designated banks ICIC Bank, Citibank,
HDFC Bank, AXIS Bank, Kotak Mahindra Bank, Indusind Bank, Federal Bank/ SBI Bank/ ING Vysya Bank. |
Faster credits, smooth flow of transactions and early commencement of trading are the advantages you will enjoy. You can transfer funds online and
start trading. Further, if we have to make a payment to you, funds can be credited to your bank account directly.
|2.||What if I am an existing account holder with your banking partner?|
great! You can utilize the same bank account to transact with Kotak Securities.com.
Please mention the account details on the Account Opening form |
|3.||What if I have an account with a bank other than your banking partners?|
Your bank account with any other bank will not be useful to us in your dealing
with us. We request that you open a banking account with any one of |
our banking partners. This will enable smooth and fast transactions and ensure faster payments without any delay like that associated with cheque clearance.
|4.||How Do I transfer funds from my Bank A/c to my Trading A/c?|
can transfer funds to your trading account by following the steps mentioned below:|
Log onto www.KotakSecurities.com
Once inside the trading section, Click on Money Transfer You will be presented with a set of boxes. Choose From Bank To Equity and click on Submit.
Choose your Bank name and the amount to be transferred Click on Go.
You will be taken your Bankís payment gateway.
YFrom here on , the bankís screen would guide you further
|5.||How do I transfer funds from my Kotak Securities trading account to my bank account?|
You can transfer funds from your trading account to your Bank account by following
the following steps: |
Log onto www.kotaksecurities.com
Once inside the trading section, Click on Money Transfer You will be presented with a set of boxes.
Choose From Equity To Bank and click on Submit.
On the next screen enter the amount for repayment and enter your trading password. Click on Submit.
Your request will be validated against your ledger balance, your minimum margin request and your exposure. After processing, the available amount will
be credited to your bank account registered with us on the next working day. All requests received before 11.00 PM on a working day would be executed
on the next working day
|6.||I have transferred funds to my Kotak Securities trading account but the same is not reflecting in my limits?|
Please write to us through Solve Your Queries in the Customer Service menu
on the trading page quoting the bank name, bank reference number, the|
date of transaction and the amount of transaction or call us on 30305757
|7.||I have transferred some funds today to my Kotak Securities trading account, when can I expect the ledger entry?|
The funds that you transferred would be immediately added to your Available Cash Balance.
In case, you have transferred the funds before 5.30pm, |
then the ledger entry for the same would reflect on the next working day and if the funds have been transferred after 5.30pm, the ledger entry would
reflect on the day after.
|8.||I have funds lying in my Kotak Securities trading account, how do I use the same to invest in Mutual Fund/ IPO?|
|A.||After you login to your kotaksecurities.com account follow the following steps:|
|9.||I have funds lying in my Kotak Securities trading account, how do I use the same to invest in Mutual Fund/ IPO?|
|10.||How do I transfer funds set aside for Mutual Fund/ IPO investment, back to my bankaccount?|
|A.||Log onto www.kotaksecurities.com|
In case you still have doubts on Money transfer, please go through the HELP section
on Home page or Demos in the trading section in|
|11.||What is the procedure to be followed when the funds transfered are not reflecting in Available Cash Balance?|
the funds transfered are not reflecting in Available Cash Balance then you need to check
on the bank site through net banking whether the funds transfered |
have been debited from the bank account. If yes then please get the Bank Reference number and provide the same to our Customer Care desk through the
contact care numbers so that the funds can be uploaded in the Available Cash Balance. You can reach our Customer Care executives at 1800 209 9191 / 30305757
(prefix city STD code) / 1800 22 22 99
|12.||What if I am unable to transfer funds online from the linked bank account?|
|A.||In case you are unable to transfer funds online from the linked bank account, you can also provide us a cheque / Demand Draft (DD) subject to the following conditions:|