Kotak Securities (Neo) refer & earn ₹500 – complete details

Everyone has heard the name of Kotak Bank but only a handful are aware of the Kotak Securities App or Among those who know of it, there’s a common misconception that the app is only used for the stock market.  However, it’s important to highlight that the app offers more than just stock market investments Because people can also earn money from this app by using refer and earn program. So, we’ve laid out all the details on the Kotak Securities refer & earn 500 program by using which people can earn up to rs2000 per month. So Give it a read, and you could start earning some serious cash.

What is the Kotak Securities refer & earn ₹500 program?

Kotak Securities refer and earn program Is specially designed for those people  who want to earn extra money by referring people. In this program people can earn up to 500 rupees on a successful referral and also they can earn 10% share of the brokerage fees generated by the trades of their referrals.

What is Kotak Mahindra Securities?

 Kotak Securities is currently one of the largest low-cost brokerage firms in India, with thousands of clients across the country. Kotak Securities is a trading platform, in which people can do trading and make some investment in stocks, mutual funds, share, IPO etc.   

To use Kotak Securities refer and an option, you have to make an account to kotak Securities first. To make account on Kotak Securities you must need the document that we below.

Benefits of Participating in the Kotak Securities  Refer and Earn Program

• When you refer a new user to the Kotak Securities app who then successfully opens an account, you are rewarded with ₹500. 
• In addition to the fixed reward, referrers also receive a 10% share of the brokerage fees generated by the trades of their referrals, for 2 years.
• When you refer someone to Kotak Securities app  then you are also eligible to get extra bonuses For example if the your  referral’s  trades are worth of 5000 or more than you can  earn an additional ₹250.

Term and Condition of Kotak Securities referral program?

• The  referrer Can refer Four referrals per month .
• The  referrer  Can earn 10% of the brokers generated from the trades by the referred person For a period of 2 years .
• If the referring person trades more than 5000, they will receive a bonus of ₹250.
• For a referral to be considered successful, the referee  must successfully open a Kotak Securities account through the referral link provided by the referrer. Additionally, It’s important to note that the referred person Must have to pay the account opening charges to ensure the account is successfully set up.
• Please be aware that the Kotak Securities Referral program   can be changed by the company over time. 

How to Earn by using Kotak  Kotak Securities  refer and earn program

•  To Refer And Earn in Kotak Securities, open the Kotak Securities app.
•  After opening the Kotak application, you will see the option of More, click on it. 
• 
  
•  Now click on the option of refer and earn.
•  After this copy your Kotak Securities referral link and share it with your friends. 
• When someone successfully register in Kotak Securities account by using your referral link, then you will get ₹500 in your Kotak Securities wallet.
  

How to withdraw refer and money in kotak securities demat account? 

Kotak Securities Gives Points by referring people to the app and  each point being equivalent to 1 rupee. In order to transfer that money  to a bank account you have to follow the simple steps that we mentioned below. To convert these points into cash and transfer them to your bank account, follow the steps outlined below:

• First visit the referral earning dashboard and select the ‘referral point’ option.
• Now you have to convert your reward point into real money for this click on the Click on ‘redeem now’ option.
  
• On the next page, you’ll see ‘from’ and ‘to’ options.  Then Click on the ‘from’ option and select ‘refer and earn’.  After doing this you have to transfer that referral points into a trading account. For this under the ‘to’ option, choose ‘trading’, then click on the ‘submit’ button.
  
• Now on the next page it will ask for the amount that you want to transfer to your trading account then enter the desired amount and click on ‘submit’.  after some time your referral reward will transfer to  your trading account.
  
• Now open the main Dashboard of the Kotak Securities app and navigate to the ‘funds’ section under the trading options.
  
• Now Your referral amount is converted into cash equity then  to transfer your fund to a bank account then Select the ‘withdraw’ option to initiate this transfer.
  
• If you notice  your trading available balance is zero then don’t worry  because many times
• It may take a few hours to update the trading balance.
• Once the trading balance is updated, click on the withdrawal option to finalise the transfer of funds to your bank account.

Open kotak securities demat account and get 500rs for free

 Documents required to open kotak securities demat account

• To open kotak securities demat account, you will need an Aadhaar card and the Aadhaar Card must be linked with a mobile number.
• It is also mandatory to have PAN card
• You need a canceled check of the bank account.
• You will have to upload an Aadhaar Zip File and you also need password for that zip file.

• First download the Kotak Securities app from the below link.

• After app is download in your phone, then open it. Now fill your mobile number and verify it with OTP.
  
• Now select your trading experience.
  

• After that, enter your pan card number and day of birth, then click on continue option.
  
• Now you have to verify your Aadhaar Card and PAN card.
• For this enter your Aadhaar Card number then OTP will come to your Aadhaar link to mobile number then verify it.
• After verify your Aadhaar Card number, you have to connect your DG locker account with  Kotak Securities account. Then it will verify all others document by using DG locker account.
  
• Now enter your personal information, then proceed further.
• After this, add a nominee in your account, then enter your email ID.
  
• Now again enter some personal information.
• After this, select the bank account that you want to add on  Kotak Securities account.
  
• Now add selfie and upload your signature, then click on the proceed option.
  
• Now you have to make the payment for trade free youth plan of rupees 299.
  

• After making the payment successfully, you have to e sign your Aadhaar card number.
  
• After e sign using your Aadhaar Card then your  kotak securities demat account opening process will be took around 24 hours.
  
• When your account is successfully open, you will get 500 rs in your  Kotak Securities  account.

Conclusion:

By using Kotak Securities referral program, you can generate a monthly pocket money from which you can earn up to ₹ 4000 in 1 month. If you are not rewarded even after a successful referral, it is advised that you reach out directly to Kotak Securities Customer Support for assistance.

FAQ:-