I will guide you here, How to Transfer funds from bank to Kotak Securities for Trading and Mutual fund investment.
To transfer funds from Bank to buy the stock, you must log in to the Kotak Securities Trading Account.
After login to the account from the information bar, you have to mouse over to “Funds”.
Below “Money Transfer” option, click on “Transfer fund”.
By clicking Transfer funds option, you will redirect you to the below page where you have to select the transfer option.
You have to select From Bank to Equity to add funds for trading.
If you want to pull back the money from Securities Account to Bank, you have to select from Equity to Bank.
Then, time to select the bank which is linked to your Trading account.
After selecting bank Name, you have to mention the desired amount you are going to transfer for investment purpose.
- Always select payment type as Equity/Derivative payment.
Your funds will be transferred immediately after this process.
You can check out your funds’ availability from “ Funds Available section”.
This is the procedure you can follow to transfer funds from your linked Bank account for Secondary market buying.
How to Transfer Funds for Mutual Fund Buying?
In the same procedure, you can transfer for Mutual Fund buying.
To buy Mutual Funds, you have to select From Bank to Mutual Fund/Bonds rather than Equity.
- Select payment type as Mutual Fund/Bonds Payment.
Fund transfer option of Kotak Securities is very simple and easy to use. If you are not able to log in to your account by any chance due to some problem, you can visit Kotak Securities Branch to pay through Cheque.
You can also transfer funds through Kotak Stock Trader Mobile Apps.