Kotak Securities NRI Demat Account

What is a demat account?

A demat account, or dematerialised account, is an electronic account that allows you to securely hold company shares and securities.

You can hold dematerialised securities such as stocks, mutual funds, bonds, exchange-traded funds (ETFs), etc. in a demat account.

When you place an order to buy a stock, the shares are credited to your demat account. Similarly, when you choose to sell your shares, they are debited from your demat account.

You can choose to open an NRI demat account along with an NRI 2-in-1 account or an NRI 3-in-1 account that links your trading and bank accounts as well.

This enables you to trade without the need to physically handle share certificates. It not only serves as a secure repository for your investments but also expedites transactions and reduces costs. There are, of course, more benefits of a demat account. Let’s explore that next.

What are the benefits of NRI demat account?

One of the biggest benefits of NRI demat account for investors is that it is digital. Having said that, there are many other advantages of demat account that can be listed as follows.

Security of shares:

1. The most important benefit of demat account is that it is safer than holding physical shares which can get lost, damaged, or stolen.
2. No forgery or theft Since the demat account is electronic in nature, the risk of documents getting stolen, damaged, or lost does not exist.
3. Seamless trading and transfer Unlike transporting physical certificates, demat accounts allow the transfer of shares quickly and securely. This has lowered order processing times.
4. Lower cost Physical share certificates attract paperwork and stamp duty, which increases costs. With a demat account, all this is eradicated and you can get a demat account in no time.
5. Multiple access points A demat account is operated electronically, which essentially means that users can access the account from multiple touch points—mobile, tablet, PC, laptop, etc.

These are just some of the benefits of demat account and its uses.

Here’s another benefit of demat account—one that you can get only with Kotak Securities.

With a NRI 3-in-1 account, your trades can get more seamless since your bank and trading accounts are linked with the demat account! Know more here.

How to open a NRI demat account?

The process of opening an NRI demat account with NRI 2-in-1 account or NRI 3-in-1 account is straightforward and involves minimal paperwork. Here’s a step-by-step guide on how to open an NRI demat account.

Step 1: Complete the contact form on the website (Our UK coordinator will reach out to you and provide the digitally filled account opening form)

Step 2: Sign the account opening form

Step 3: Submit documents (We will arrange for a free courier pick-up from your doorstep)

Step 4: Receive an account number/ID

Please note: The coordinator serves as a liaison between the client and Lakshit Financial and will solely assist with the account opening procedures and documentation. Once the account is active, all transactions and operations will be conducted through the online platforms provided by Kotak Securities or from the Lakshit Financial office in India.

What are the benefits of opening an NRI Demat account with Kotak Securities?

• Consolidate your NRI Demat, Trading, and Saving/PIS Account into one convenient account
• Receive expert analysis and stock recommendations from our award-winning analysts
• Execute your trades quickly and easily using our advanced trading platforms
• Access real-time market analysis and strategies on TradeSmart
• Invest in a curated selection of stocks through smallcase

Our local coordinator is available for a seamless and efficient account opening process. Simply have the required documents ready.

Documents required for NRI Demat Account opening