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Kotak Securities Refer and Earn
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Are you enjoying the services of Kotak Securities and thinking of introducing your friends to it as well? Don’t fret, because Kotak Securities Refer and earn is the perfect solution for you.
If you are not aware of the Kotak Securities referral program, it is a program in which you can refer to Kotak Securities services and earn from it.
You can refer it to your friends and your other contacts as well. Every time your contact opens an account using your referral code, you will get ₹500.
Amazing, right! So let’s dig a little deeper to know how this plan actually works.
Is Kotak Securities Good?
Well, it really depends on your requirements from the broker. If you prefer a trustworthy brand name, are a beginner investor, and prefer a 3 in 1 Demat account, then yea, the answer to the above question is yes.
And if you believe so, only then you would go ahead and refer your network to the stockbroker. Let’s understand in the rest of the review how you can go ahead and do it.
Kotak Demat Account Refer and Earn
So, here if you are a citizen of India and have a Kotak demat account, then you are eligible for the refer and earn program. There are certain restrictions regarding the eligibility criteria. These are as follows.
- You are not eligible if you are a non-individual client. This is excluding the HUF.
- Not applicable for NRI clients.
- Not applicable for KSL(Kotak Securities) and its associates.
- Not applicable for authorized persons and anyone mapped under them.
- The service is only considered activated when the client readily accepts a one-time disclaimer that appears on the Kotak Securities website.
Once you fulfil the eligibility criteria, you can apply for the refer and earn demat account program by following the simple steps below:
- Login to your trading account.
- Now on the menu option, select ‘refer and earn’
- Get the referral link and start referring to your friends to earn points.
Kotak Securities Refer and Earn Amount
As already discussed, you can earn ₹500 for every successful referral for the Kotak Demat Account. Apart from this, you can earn points for every referral you give.
Now you can either redeem your referral amount in cash or net off the Kotak Securities futures brokerage.
The two different ways to redeem the points are described below:
- 1 referral point= ₹1 (this is the case when you want to transfer the referral points to equity or mutual funds ledger)
- 1 referral point=₹1.33 (if you are looking for net off of your future brokerage charges)
*The validity for referral points is 365 days.
Kotak Securities Refer and Earn Terms and Conditions
There are some points that you should keep in mind when you are using the Kotak Securities refer and earn, these are as follow:
- You will get your referral points, after successful Kotak Securities account opening by the referee (the person to whom the referral has been sent)
- The referrer shall be given one time credit of ₹500 for the successful opening of one account.
- The referrer is eligible for the credits only when the trading account is active.
- The trading account of the referee should be opened within the next 60 days for the referrer and referee to get the benefits.
- Once the referral points are generated, they are valid for 365 days.
- If the referee does not mention the referral code at the desired places, the referral points will not be rewarded.
- The redemption amount is also subject to any deductions (if applicable)
Along with this, there are certain conditions in which the referee is not eligible for the redemption of the referral points. These are as follow:
- If the referee does not mention the referral code at all the mandatory places.
- If the referrer fails to use the earned points for the next 365 days.
- If the referee’s information is already available in the database of KSL.
With the successful opening of the account, your friend can also enjoy zero intraday trading charges as given by the Kotak Trade free plan.
Conclusion
It is always said that if you are having a good experience, you should always share. You can enjoy the best trading experience along with your friend by opening and referring to Kotak Securities.
Start referring now for that extra benefit.
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