Terms & Conditions

This Kotak Securities offer is not valid from 5th March 2023.

Kredent InfoEdge Private Limited (KIPL), has partnered with Kotak Securities Limited (KSL), to give the subscriber(s) of select plans of StockEdge Premium, StockEdge Pro and StockEdge Club an additional offer of Brokerage cash back for 3 months on opening a new trading and demat account with KSL.

  1. This is an optional offer and it is the sole discretion of the user to agree and opt for the offer at the time of subscription from the website.
  2. The user understands and agrees that once he/she expresses the interest by opting in and clicking on the Agree button and then goes ahead and makes the payment to subscribe to the StockEdge Premium, StockEdge Pro or StockEdge Club Plan, his/her contact details (Name, Email, Mobile Number) will be shared with KSL for further processing.
  3. The eligibility of the offer and subsequent provision of the benefits from KSL will be governed by the terms and conditions of KSL, which are outlined below.
  4. The offer is not a constituent service of the StockEdge Plan which the user is subscribing to, on stockedge.com. Under conditions of non-availability of offer from KSL on account of non- eligibility or any other reason whatsoever, KIPL will not be liable to refund, adjust or give any other recourse to the user in this regard.

KSL’s Terms and Conditions

I/We being a client/customer/prospect understand, undertake, authorize, confirm, and agree to Kotak Securities Limited (KSL) that :-

  1. This offer is open to all residents of India opening a new trading account with Kotak Securities Limited (KSL) via this offer.This offer does not apply to the following categories of customers:
      a. Non-Individuals customers excluding HUF
      b. Non-Resident Indian customers
      c. Authorized persons, Business Associates and their respective employees, dependents and customers mapped under them
      d. Any other person/group/entity/category of customers as decided by KSL from time to time at its discretion.
  2. This Offer is valid for those customers who have successfully opened an account via the link provided on StockEdge Website.
  3. Eligible customers to get brokerage reversal in Cash and F&O segment for a period of the first 3 monthS from the date of account opening.
  4. The customer shall be only eligible if the customer successfully opens the account within 30 days of opting in for the offer from stockedge.com. Successful account opening shall mean a Demat and Trading account is opened after complete documentation and application verification in line with the SEBI/Exchange regulations and internal policies and procedures of KSL.
  5. The customer shall receive the reversal of the brokerage in the ledger within 7 days for the executed trades.For instance, if Maya executes a trade in her account on Nov 1, 2021, the brokerage paid by her shall be reversed back to her by or before Nov 8, 2021, in the ledger.
  6. The eligible customer will be charged taxes & other charges as applicable during the offer period.
  7. The customer shall not be eligible to earn the benefits of this Offer if the customer fails to open the account after opting in from StockEdge Website.
  8. This product cannot be clubbed with any other offer /promotional product offered by KSL.
  9. KSL's decision on the computation of reversal of brokerage for the period shall be final, conclusive, and binding on the customer and shall not be challenged by the customer.
  10. At the time of closure of the Trading account by the customer, adjustments of reward will be made against the outstanding in the customer's trading account with KSL before releasing the final fund payout, and the balance reward amount, if any, will be automatically forfeited.
  11. The reversal of brokerage, if any, shall not be considered towards the margin for the customers trading account with KSL.
  12. KSL retains the right to withhold or reverse any such credit of brokerage without any notice to a customer who is involved in fraudulent account opening/ or unusually low activities in opened accounts of the customer.
  13. KSL reserves the right to disqualify any customer from the benefits of the Offer if any fraudulent activity is identified as being carried out at any point in time for the purpose of availing of the Offer.
  14. In the event of the details of the customer already exists in the database of KSL as an existing customer or prospective customer, then it will not be considered under this scheme/Offer and KSL reserves the right to exclude such accounts for calculation of any account opening reward.
  15. The decision of the KSL in all matters in connection with and incidental to this Offer shall be final and binding on all persons.
  16. KSL shall not be responsible or liable in any manner whatsoever for any deficiency or inadequacy in the services rendered by StockEdge or any of the merchants and the customer hereby agrees not to hold KSL responsible or liable for, any losses, damages, costs, charges, expenses, claims (whether direct or indirect), actions or demands suffered by the customer in relation to availing the benefits of the Offer.
  17. The Offer is non-negotiable, non-transferable and non-encashable under any circumstances.
  18. Participation in this Offer is voluntary.
  19. KSL reserve the right without previous notice to add/change/ withdraw/modify/alter or vary any or all of these terms and conditions or to replace, wholly or in part, this offer with another offer, whether similar to this offer or not, or to extend or withdraw it altogether at its sole discretion, at any time without prior intimation and without assigning any reason whatsoever. Under such circumstances, I/we understand that I/we shall not be eligible for this offer and I/We shall not hold KSL responsible for such action or any loss suffered by me/us, and I/We shall have no claim against Kotak Securities Ltd.
  20. In the event, the product is voluntarily closed/withdrawn by KSL, the reward amount accumulated till the date of such closure/withdrawal will be transferred to the net off of future brokerage of the customer. In the event of cancellation of the product being regulatory or for any other non-avoidable reason, all the rewards earned shall stand forfeited forthwith.
  21. Customer shall not be eligible for any interest on the accumulated reversal of such brokerage.
  22. The reversal of such brokerage amount shall be subjected to a deduction of all applicable taxes/charges, if any.
  23. DND/TRAI Related: Please note that by submitting details you are authorizing Kotak Securities (or its authorized/group entities) to send you any communications through any modes, including but limited to in the form of messages, voice calls, through any digital means/channels, any over-the-top communication services etc. even if you are registered under DND (Do not Disturb). Please also note that communications with KSL representatives may be recorded for internal quality and training purposes.
  24. KSL shall not be held liable/responsible for any actions, claims, demands, losses, damages, costs, charges, and expenses, which the customer may suffer, sustain or incur by participating in this product.
  25. All disputes arising out of or in connection with this Offer shall be referred to arbitration under the provisions of the Arbitration and Conciliation Act, 1996, or as may be amended from time to time. The arbitration proceedings shall be presided over by a sole arbitrator appointed by KSL. The venue of arbitration shall be in Mumbai and the language of the Arbitration shall be English. The courts in Mumbai shall alone have exclusive jurisdiction over any dispute.
  26. Any complaints/disputes pertaining to this offer shall not be entertained on the Exchange platform.