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Kotak Securities Complaints & Reviews

www.kotaksecurities.com
3.1
Updated: Oct 24, 2024
Complaints 385
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S
Sunil Bhandari20
Feb 25, 2016
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Unethical group

Address: 122002
Website: Kotak securities

It is most unethical group, keep giving false information and later on trapped in the debit. My advice to anybody is not to deal with this group....
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Bhaskarmysore
from Bengaluru, Karnataka
Feb 8, 2016
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Charging exorbitant fee along with interest

Address: Bangalore Urban, Karnataka, 560111

Kodak securities sent me an bill of 8000+ with exorbitant interest wherein I have not utilized their services over the years I am shocked to see that bill. If there was an non payment of maintenance fee Kotak should have sent registered post once atleast but receiving a statement once with hopping bill amount it is very disappointing no more interested in your services. My account details trading code : BAEH5, reference no: 06172018
Going...
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Vipul kumar samal
from Kolkata, West Bengal
Jan 21, 2016
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Request for conversion of offline trading account to online trading account

Address: Kolkata, West Bengal, 700107

This has reference to my complaint in this forum vide dated September, 27, 2015. The problem is yet to be resolved. Now I am describing the fact in detail:-

i have requested online to open a 3-in1 account with kotak securities. one sales executive came and i have handed over necessary documents to open an 3in 1 account. later she cane and informed me that now an offline account is being opened which will be converted into online...
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shyam ssunder
from Mumbai, Maharashtra
Dec 17, 2015
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Complaint against kotak securities ltd. Reg no transfer of of demat shares

Sir, I hold a demat account SMXF 9 Cust. ID no.10920046 with KSL since 2004. In august 2014 I had requested the firm to close my account with them and transfer my shares to VFFL, New Delhi. The firm has not done so and raising unnecessary and unreasonable issues to avoid their ommission/mistake and harassing a senior citizen aged 70+ years.
This account has been dormant/ nonoperational since sept.2008.

You are requested...
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geetha bajaj
from Madurai, Tamil Nadu
Nov 2, 2015
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Loan on securities request made on 01.10.2015 till date no response. Client id: 16818100, kotak securities

Address: Chennai, Tamil Nadu
Website: www.kotaksecurities.com

Dear sir, i have called mr. Samir for a loan on securities and handed over all the documents required on 01.10.2015. Since documents handed over several times called him and every time he asked to wait a week. I have already informed him that i am badly needed to hospital expenses for my younger son mr. Devendra bajaj who met an accident on 19.08.2015. He told me that you will get loan amount within a 10 days. But unfortunate he has not done...
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Punia Praveen
from Faizabad, Uttar Pradesh
Oct 28, 2015
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Cheated and false information Given

Address: 110030
Website: www.kotaksecurities.com

Hi, I opend Dmat account with kotak securities one month ago. While opening the account, the executive from executive named Mr. Ankit told me that all charges for account maintenance have been waived off. Account opening & maintenance is free for us. I received the welcome kit and I dint get the onine account as I was promised . I tried to speak to Ankit & he dint respond my calls . Even he cheated me with the Brokage value and false information...
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Punia Praveen
from Faizabad, Uttar Pradesh
Oct 28, 2015
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Unethical behaviour and providing false information.

Address: 110030
Website: www.kotaksecurities.com

Hi My name is praveen punia and I just opened an account with kotak securities for trading. I spoke to a representative from kotak securities (Hauz Khas Branch) & got some information related to open an demat account . He came to my place and asked me for 50 k cheque that I gave him to open the account . He opened the account but giving me wrong information about account (Offline -online & how much they will charge the amount as brokage.)....
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Amarnath reddy j
from Chennai, Tamil Nadu
Oct 14, 2015
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Account creation status

Address: 600042
Website: www.kotaksecurities.com

Dear sir/mam, i have been trying to know the status of my Account creation information, but no one has reverted me regarding my quire. so please give me the status of my Account . At the moment when i was applied for bank account form in on-line your bank is the one who approached me very soon very effectively, but when i ask for some info no one is responding. so please let me know the status ... Amarnath Reddy J PAN NUM : AKDPJ2095H...
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Vipul kumar samal
from Kolkata, West Bengal
Sep 27, 2015
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Request to convert off line trading account to online trading account

Address: Kolkata, West Bengal
Website: www.kotak.com

i have requested online to open a 3-in1 account with kotak securities. one sales executive came and i have handed over necessary documents to open an 3in 1 account. later she cane and informed me that now an offline account is being opened which will be converted into online account very soon. my account was opened on 30.07.2015. user ID given as VI_SA_1996. now it is requested to look into it and please convert my off line trading account...
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pbsdeasl
from Kolkata, West Bengal
Sep 1, 2015
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Closure of office permanently without intimating customer and charging demat service charge

Address: Burdwan, West Bengal

I have demat account Kotak securities(.id no AMUW4 ) I have opened it asansol office of kotak securities I tried to locate Kotak securities office since more than six months for closing my account the company has closed there asansol ( burdawan, W.B)office without informing me. Due to this I was unable to close my account now i came to know that for closing the account I will have to visit Durgapur office of kotak securities They have demanded...
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H
HERRY GULATI
from New Delhi, Delhi
Aug 22, 2015
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Complaint against kotak securities pvt ltd

Kotak mahindra securities pvt ltd i want to bring in your notice that i have not given the request for auto invest service you can ask mr manish kumar he has clicked on the auto invest secruities sir i have opened my demate account in kodat mahindra bank, i have some shares of my late lester gulati and i would like to transmission these shares and i have asked for this transmission to kodak mahindra deputy manager, and...
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Maulik Mehta
from Mulund, Maharashtra
Aug 21, 2015
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Closure - DO NOT open KOTAK account

Address: Mumbai City, Maharashtra

DO NOT open account with securities and bank for equity. They ay it is a trinity account. Marketing representative would say that it is one account only but you would end up running behind 3 different companies. Where you go with your query they would ask you to go to other. Like if you go to bank they say go to security and vis-a-vis. I tried to close the demat and security account and they are keeping me running all over. When you call...
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svija96
Aug 17, 2015
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Grievance: kotak agent vikram chandra have no respect / response for my money!!! Need money / answers!!!

Address: Chennai, Tamil Nadu

This is Vijayaraghavan Sa been cheaten customer;


Very Long story short;


I was with ICICI Direct and did direct trading and made loss close to 18 Lacks and was totally devastated with my life; where Vikram.Chandra came for rescue[pretended!!!] and again pulled me in to trading for recovery...


THEN he was thrown away from ICICI direct and joined KOTAK, after which when contacted...
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M
Manjunath.raju
from Noida, Uttar Pradesh
Aug 10, 2015
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I have lost my money because of Kotak securities executive suggestion

Address: Bangalore, Karnataka

Hi Team, I have lost my money just because of Kotak Securities suggestion. I had Ashok Leyland shares (100 Nos) and last week one of Kotak Securities customer care executive called me and asked me to sell all the shares because there will be a depreciation in the NAV and I asked her that it went till 84 Rs in past history so there will be a chance in increasing in the NAV but she forced me to sell else I will loose my money. And...
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shahbaz dar
from Bengaluru, Karnataka
Jul 2, 2015
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Thieves and valueless rhicless a**holes

Address: Jaipur, Rajasthan

I am a high volume trader. . . Size 30 lakhs cash and i make 3 - 5 cr turnover daily. . . In order to diversify my account i was looking for another broker. . . These kotak guys committed to a brokerage of 0. 3%. . Including taxes comes to 0. 45%. . . Day 1 sir there has to be minimum 21 rs / trade we charge. . . Ok. . . So low volume is out. . . No small probing trades. . . Day 2. . . Volume 29 lakhs (Buy& sell) . . . Buggers charge...
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U
umangdave
Jul 1, 2015
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transfer of DMAT share from other DP account to Kotak's DP account

Address: Ahmedabad, Gujarat

Dear Sir/Madam, For past few weeks (months perhaps) I have been requesting your Ahmedabad office to help me transfer some of my DMAT shares from my DP account in BOI, Ahmedabad to my DP account in Kotak, Ahmedabad. I have sent all paper work as requested but until now I have no resolution. Every new day it dawns, I get some different person with different set of promises. Such promises unfortunately are not substantiated with actions...
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rainasingla0105
from Ahmedabad, Gujarat
May 27, 2015
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Brokerage Charges for client no : R08O0

Address: Yavatmal, Maharashtra

Dear sir/madam, I have opened Dmat account recently with kotaksecurities. Your sales representative Ms. Rakhi Vishwakarma, Nagpur promised me brokerage charges of 30 paise per 1000Rs transaction for non intra day transaction, but still instead of various reminders nd messages, she is just assuring me and still brokerage is being charged at 49 paisa per 1000 Rs for non intra day transaction. I am feeling cheated nd your sales representative...
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M
moda
May 26, 2015
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NOT RECEIVED WELCOME KIT AND BANK ACCOUNT NUMBER,ATM CARD AND CHEQUE BOOK AND PASS BOOK

Address: Kolkata, West Bengal

Dear, i the undersigned opening a bank account and demand account 13.05.2015 but till i have not received nothing but your company advertised within in 24 hrs your everything will open more than 15 daays over I not received nothing. So I request you pl stop your fake advertisement and dont hearse the people and return my money.Your company not give me any receiving document against my account payee cheque. I hope you will take immediate...
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vikram8130
Apr 20, 2015
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Day light loot by Kotak Mahindra

Address: New Delhi, Delhi

Dear Sir/Madam, I had just recently(a week a ago) opened a new trinity account with Kotak Mahindra Bank. I was told that I would be charged Rs. 750 as initial account opening charges but after account opening and trading only for 2 days I realized their transaction charges are exorbitant and me or nobody else would be able to earn anything with such heavy duty charges for example I had bought one stock for Rs. 1010 but after charges...
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madhavdas11
from Mumbai, Maharashtra
Apr 14, 2015
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auction bill and ledger ndxn5

Address: Ahmedabad, Gujarat

dear sir i have many time remind to my dealer for auction bill and ledger but there is no response from dealer i also asked for rate of auction bill is too much as than prevailng market price as they shown from ledger in his . now i require 1 auction bill 2 ledger for 7dxn5 and 7ky24 3proper authority phone no 4.hierchy level responsible person name one time mr daxin tran.in my personal a/c loss recovery require...
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