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Home » Our Offerings » Value Added Features » Super Multiple » Terms and Conditions
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Terms and Conditions(Super Multiple)

Terms and conditions for availing Super Multiple and / or Super Multiple Option Facility. Super Multiple Option is available as Bracket Order for Offline customers.


I / We being a client understand, undertake, authorize, confirm, declare, bound, abide and agree to Kotak Securities Limited (KSL) that:

a.   with Super Multiple facility, I/we can initiate a trade in Cash, Futures segment, Equity Option segment and Currency Derivatives segment at limit or market price.

b.   along with the initial order, I/we also needs to place Stop Loss Order / trigger price. I/We further understands that I/ we can check the order status in order status window on KSL website www.kotaksecurities.com or trading platforms and if required, modify the same.

c.   if the initial order is unexecuted and remains open or partly traded till the time stated hereunder, the system may cancel all the unexecuted orders and square off all the open super multiple positions any time after time stated hereunder, without any intimation to me/us at the then prevailing market price. All the losses and financial charges on account of such liquidation/closing out / squaring off shall be charged to and borne by me/us.

Cash / Future and Option Segment 3:10 PM
Currency Derivatives 4:40 PM


d.   Notwithstanding anything contained herein, KSL may at its sole discretion, determine the time of sell / Securities to be liquidated, and / or which contract(s) is / are to be closed even before auto square off time without any further notice to me/us.

e.   the orders can be placed only for specific securities / Contracts during normal market hours or any other time as per sole discretion of KSL. Selection of Securities/ Future contract / Options contract are based on risk parameters of the securities / contract and can be changed at absolute discretion of KSL.

f.   any order, being initial order, stop loss order or square off order, if remains unexecuted due to any reason, including the technical issue, system issues, circuit in market etc for which KSL shall not be held responsible. In such case, I /we agrees to indemnify KSL for all losses, charges, penalties, cost etc and agrees to debit my / our account and pay the contract amount, margins, MTM (Mark to Market) etc on any open positions at the end of the day without raising any objection / dispute as prescribed under regulations, to avoid penalty being charged.

g.   I/ We have an option to convert super multiple trade in delivery trade, if sufficient margin is available in my / our account to the satisfaction of KSL.

h.   In case of volatility or low market depth, the order may get executed at a price which may be substantially different from the one placed, thereby paving the way for the stop loss getting triggered.

i.   I / We being online client shall monitor my / our open positions, ledger balances, margin requirements etc and shall be responsible for the risk, losses, penalties etc related to the trade.

j.   I / We am/are aware of the process, FAQ available on the website of KSL, associated with this facility and further keep myself / ourselves updated with any changes in the features, terms and conditions and FAQs related to Super Multiple / Super Multiple Option Facility, as updated / modified by KSL on its website from time to time.

k.   Super Multiple Option is a unique intraday Product, wherein Risk of loss is higher due to higher leverage offered than usual derivatives future trades and by placing the order, I / we confirm my / our risk appetite and understand the risk of losing entire capital invested and chance of going out of money.

l.   Since the trading is facilitated through satellite/leased line based communications & combination of various technologies, there may be possibility of communication failure or system problems or slow or delayed response from system or trading halt, or any such other problem/glitch, which is beyond the control of KSL, which may lead to non-access to the trading system/network, and may cause delay in processing or not processing orders either in part or in full. In such case i / we shall ensure that its order is not get duplicated or avoided. I / We agrees that KSL shall not be responsible for any loss arising out of execution of duplicate order or non-execution of the order placed by me/ us.

m.   The Super Multiple / super multiple option order facility is offered to me / us on a strictly best endeavour basis. I / We shall not hold KSL liable for any failure, inaccuracy, human error, and delay in executing an instruction for technical or operational reasons. KSL shall not be responsible for any actual or potential financial loss or expense, which may incur for any reason or due to delay or change in market conditions while executing the order and for the reason which is beyond the control of KSL being network failure, exchange circuits, force majeure events etc.

n.   KSL reserves the right to withdraw Super Multiple / Option order facility from their website / Keat Pro X/ Mobile Trading app and other platforms, without any prior intimation and I / we shall not hold KSL responsible for such actions for any loss.

o. I / We have read and understood the contents of all the documents/policies available at https://www.kotaksecurities.com/ksweb/Important-Policies including Risk Disclosure Document and I / we shall be bound by such provisions as outlined in those documents.

p.   KSL has every right to change auto square off time without any prior intimation to me / us.

q.   any dispute relating to or arising out of this understanding shall be resolved/adjudicated as per the terms of the agreements and courts at Mumbai shall have exclusive jurisdiction.

r.   This facility is unique and shall not be merged with other products / facilities of KSL.

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No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.

KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary. Attention Investors Prevent Unauthorized Transactions in your demat / trading account --> Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors. Circular No.: NSDL/POLICY/2014/0094, NSE/INSP/27436, BSE - 20140901-21

Kindly note that as per NSE circulars nos: NSE/INVG/36333 dated November 17, 2017, NSE/INVG/37765 dated May 15.2018 and BSE circular nos: 20171117-18 dated November 17, 2017, 20180515-39 dated May 15.2018, trading in securities in which unsolicited messages are being circulated is restricted. The list of such stocks are available on the website of NSE & BSE. In case of any queries, request you to kindly get in touch with Customer Service on 18002099191/9292

Kotak securities Ltd. having composite licence no.CA0268 is a Corporate Agent of Kotak Mahindra Life Insurance Company Limited and Kotak Mahindra General Insurance Company Limited. We have taken reasonable measures to protect security and confidentiality of the Customer information.

The Stock Exchange, Mumbai is not in any manner answerable, responsible or liable to any person or persons for any acts of omission or commission, errors, mistakes and/or violation, actual or perceived, by us or our partners, agents, associates etc., of any of the Rules, Regulations, Bye-laws of the Stock Exchange, Mumbai, SEBI Act or any other laws in force from time to time.
The Stock Exchange, Mumbai is not answerable, responsible or liable for any information on this Website or for any services rendered by our employees, our servants, and us.

Please do not share your online trading password with anyone as this could weaken the security of your account and lead to unauthorized trades or losses. This cautionary note is as per Exchange circular dated 15th May, 2020.

Note: NSDL and CDSL have mapped Unique Client Codes (UCC) to demat accounts based on PAN, refer NSDL and CDSL circulars. Format for linking/delinking the UCC: NSDL: link | CDSL: link.

Clients are required to keep all their account related information up-to-date including details like email id, mobile number, address, bank details, demat details, income details etc. which will help the client to timely receive any information and to avail the various facilities relating to the Trading and Demat account. To update the details, client may get in touch with our designated customer service desk or approach the branch for assistance.

Investor Awareness regarding the revised guidelines on margin collection:-
Attention Investors :

1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.
2. Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge.
3. Pay 20% upfront margin of the transaction value to trade in cash market segment.
4. Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020, notice no. 20200731-7 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020, notice no. 20200831-45 dated August 31, 2020 and other guidelines issued from time to time in this regard.
5. Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.
.......... Issued in the interest of Investors

Clients are hereby cautioned not to rely on unsolicited stock tips / investment advice circulated through bulk SMS, websites and social media platforms. Kindly exercise appropriate due diligence before dealing in the securities market.

Requirement of obtaining consent through OTP has been waived for off market transfer reason code “Implementation of Government / Regulatory Direction / Orders” Consent through OTP would continue to be required for all other reasons for any off-market transfers. Refer NSDL circular.

Covid-19 impact to clients:-
1. Applicable to clients on whose email id contract notes and other statements get bounced or who have opted for Physical contract notes/ other statements or Digital and Physical contract notes/ other statements :Due to the nationwide lockdown, we are unable send physical contract notes and other statements. To view them, log into www.kotaksecurities.com
2. Kindly update your email id with us to receive contract notes/various statements electronically to avoid any further inconvenience.
3. We are unable to issue the running account settlement payouts through cheque due to the lockdown. We request you to update your Bank account details to facilitate direct transfer to your linked bank account. You may approach our designated customer service desk or your branch to know the Bank details updation procedure.
4. Exchange advisory: Investors are advised to exercise caution while taking investment decisions in these unpredictable times. Clients are also encouraged to keep track of the underlying physical as well as international commodity markets. Clients are advised to undertake transactions after understanding the nature of the contractual relationship into which they are entering and the extent of its exposure to risk. Clients are further advised to follow sound risk management practices and not to be carried away by unfounded rumors, tips etc.

Filling complaints on SCORES- Easy & Quick
a. Register on SCORES portal  |  b. Mandatory details for filling complaints on SCORES  i. Name, PAN, Address, Mobile Number, E-mail ID  |  c. Benefits:  i. Effective Communication  ii. Speedy redressal of the grievances

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© 2005 Kotak Securities Limited.

Registered Office: 27 BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai 400051. Telephone No.: +22 43360000, Fax No.: +22 67132430.
Correspondence Address: Infinity IT Park, Bldg. No 21, Opp. Film City Road, A K Vaidya Marg, Malad (East), Mumbai 400097. Telephone No: 42856825.

CIN: U99999MH1994PLC134051. SEBI Registration No: INZ000200137(Member of NSE, BSE, MSE, MCX & NCDEX), AMFI ARN 0164, PMS INP000000258 and Research Analyst INH000000586.

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