If you use Kotak Securities app for investing and trading, then you must have seen the option of Refer and earn.
You can earn good money through Kotak Securities Refer and earn Program. Under this program, referral to Kotak Securities is paying very good money.
In this post I am going to give detailed information about this program. If you also want to know about this program then read the post carefully.
| App Name | Kotak Securities |
| Cateogy | Trading & Investing |
| Account Opening link | Kotak Securities Account Opening |
| Per Refer | Rs.300 + 10% Brokerage Sharing (2 year) |
| Rating | 4.2 (Google play Store) |
Table of Contents
About Kotak Securities
Kotak Securities is a stock market brokerage company. In this you can easily do trading and investment in shares. One of its offers is becoming famous among people very fast.
Offer for those below 30 years of age
That offer is that if your age is below 30 years then you will not have to pay any brokerage in Delivery, Intraday, IPO & Mutual Fund and F&O.
Apart from this, there is no fee to be paid for account opening, which is a profitable deal, however, to open an account, a subscription plan of Rs 299 has to be taken which is valid for one year.
Offer for those above 30 years of age
If your age is 30 years or above, then you will not have to pay any brokerage in Intraday, IPO & Mutual Fund and F&O in Kotak Securities, however, you will have to pay ₹ 20/order in Carry Forwards F&O and 0.25% brokerage in Delivery Trades.
People above 30 years of age will have to pay a fee of Rs 99 for account opening.
The complete process of opening an account in Koak Securites is explained in this post with screenshots, so you can read the post by clicking on the link. – Kotak Securities Account Opening Process
Kotak Securities Refer and earn Program
This is a program in which you can earn money by referring someone to Kotak Securities App. Kotak Securities App gives Rs 300 per referral and 10% brokerage sharing for 2 years.
When you get someone to open an account in Kotak Securities with your link and he successfully opens the account, then you get money for the referral.
When someone successfully creates an account in Kotak Securities with your link, you get Rs 300. Kotak Securities App also offers 10% brokerage sharing on referrals. This means that when your friend does trading or investing, you will continue to get 10% brokerage for 2 years.
Note – Kotak Securities App gives points instead of rupees on referring someone and the value of 1 point is equal to 1 rupee. 300 Points = Rs 300
These points have to be redeemed as equity by visiting the Kotak Securities website. After this, these points start appearing in the fund in your Kotak Securities App, which you can easily transfer to the bank.
Kotak Securities Refer and earn Terms & Condition
- Referrer must be a single resident (not a company)
- Referrer’s trading account is active
- In Kotak Securities, you get paid only for 4 referrals in a month.
- If in a month 4 people have successfully opened an account through your referral link, then you will get only Rs 1200.
How to withdraw the money earned from refer?
As already mentioned, on referring someone to KSL, we get points instead of money. We have to redeem these points by visiting the website, after which we can withdraw the money.
Follow the following steps to redeem referral point?
Step 1 – Open Kotak Securities App and click on Refer and Earn
Step 2 – Click on Referral Points
Step 3 – Click on Referral Points to Redeem
Step 4 – After this you will come to Kotak’s website.
Step 5 – Select refer and earn in From and Trading in To.
Step 6 – Click on Submit
Step 7 – Fill Amount in Amount to Transfer. Amount to Words also has to be filled.
Step 8 – Click on Submit
Your points would have been converted into rupees and would have come to your Kotak Securities Fund. To transfer money to the bank, click on Fund Transfer and fill the amount you want to withdraw and transfer it to the bank.