Move from KOTAK securities to Zerodha

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1

Hi all-

  1. Did anyone move from Kotak securities to Zerodha? Can this be done online (the transfer process) after opening an account with Zerodha? KSec has NSDL account while I believe Zerodha has CDSL. Will this be an issue for transfer? @siva-reddy

If anyone has done this please can you write the process?

  1. How do you find zerodha compared to Ksec? Mainly for
  1. CASH orders?
  2. Payout process - money to and from bank.
  3. Mobile app or website stability during peak or normal days?
  1. Is this move recommended for HNI accounts?

Appreciate inputs. Thank you.

2

You need to check with Kotak, whether they support the online transfer of shares. If not, you can follow the steps given here for the transfer.

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4

Thanks so much Kartik. Fantastic reply, couldn’t have asked for more. Just one more clarification please -

From your answer on b) you wrote both charge brokerage for sell order in cash delivery. I thought in Zerodha, for cash delivery both buy and sell do not attract brokerage charge? Only the regulatory charges are involved like STT, GST etc.

Is my understanding wrong? If yes, whats the brokerage for cash sell order?

I’m predominantly cash delivery positional trader only with around max ~ 8 transactions per month. Absolutely never dabbled in F & O and intraday. However, the absolute value of a buy or a sell order is high value transaction. So, peace of mind and stability are important.

Thank you again.

5

Cash Sell from demat is also free, so both buy and sell delivery are free at Zerodha.

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7

5 years on - any simple process to transfer demat holdings from Kotak to Zerodha?

Asking Kotak is not advisable as they try to prolong answering as they are losing a client. We will have to go there retention or rejections too.

I request someone from Zerodha to write step by step process. It will only help you as many may in the same boat.

Thanks in advance.

8
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10

I’m not sure if they give any better banking services based on demat holdings. Mine is much much higher than 25 L but my banking account is still basic, they never auto upgraded or even provided any top credit card etc.

Anyway, purposefully I have tried Zerodha with an explicit intention to move all my holdings and found Zerodha to be equally good and better in the sense that they don’t bug me with any “services”. I’m a positional trader in cash segment and zero brokerage on cash is a huge benefit in terms of brokerage for me.

I specifically do not want any advisory services as I research on my own and take decisions.

But moving from NSDL to CDSL is pain for a lazy bugger like me. That’s why I again bumped up the thread @siva-reddy

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