Demat Account:

Demat A/C benefit

• Easy way of dealing in physical certificates with delays in transaction, holding and trading in Demateralised form
• Settlement of Securities traded on the exchanges as well as off market transactions.
• Allows pledging of Securities.
• No stamp duty on transfer of securities held in demat form. .
• Enhances liquidity dues to shorter settlement period.
• Electronic credit in public issue.
• Auto Credit of Rights / Bonus / Public Issues / Dividend credit through ECS.
• Auto Credit of Public Issue refunds to the bank account.
• Change of address, Signature, Dividend Mandate, registration of power of attorney, transmission etc. can be effected across companies held in demat form by a single instruction to the Depository Participant (DP).
• Holding / Transaction details through Internet /email.

• There are no charges payable at the time of opening account. All other charges will be billed on a monthly basis
• In case of delays in the payment of charges, the demat account can be frozen for all operations till such time all dues are cleared. Please refer clause VIII mentioned in the agreement signed by you.
• "All market instructions for transfer must be received latest by 4.00 p.m. on the previous working day prior to the pay in day as per SEBI Guidelines. All off market instructions for transfer must be received atleast 24 hours before the execution date. Late instructions would be accepted at the account holder's sole risk and responsibility".
• Charges are subject to revision at the company's sole discretion and as per revisions in NSDL charges.
• Any service not quoted above will be charged separately.
• Value of transaction will be in accordance with rates provided by the Depository or actual transaction value, whichever is higher.
• Service tax and other statutory charges if applicable will be levied separately.
• Quarterly statements of transaction may not be sent to the clients, if there is no transactions and no securities balance in the account. Annual Maintenance Charges will NOT be levied in such cases.
• In accordance with the SEBI circular (Ref # SEBI Circular No. CIR/MRD/DP/22/2012 dated August 27, 2012) effective from 1st October 2012 all Sole or First Holders of a demat account having value of securities not exceeding Rupees Two Lakhs are eligible and have an option to avail Basic Services Demat Account (BSDA), As per the said SEBI circular, for availing BSDA facility, the individual shall have only one BSDA in his/her name across all depositories for availing this facility a request letter in the prescribed format (available at you nearest Kotak Securities branch) can be submitted with the account opening form. Also an existing individual client who is eligible to convert his Demat account into BSDA can do so by submitting the request letter in this regard. In case the BSDA account holder converts such account into Non-BSDA (regular account) account or the account holder ceases to meet the eligibility criteria for BSDA account, the charges applicable to Non-BSDA (regular account) shall be levied.
• For demat accounts having NIL transactions during the year, statement of holding will be sent only once in a year w.e.f. 1st October 2012