Myself and my friend wanted to open a 3 in one account from kotak which inculded
kotak saving, katak demat, kotak trading account. We decide to give a cheque on 1st jan, we waited for one month but the account was not opened when contact the concerned person we were asked to wait for 15 days and it will be openend. Then after this iteration of 2 times the account was not openend and the reason given for that was not understood by the kotak bank people also.
Then after 2 months we decided to cancel the account and asked back for the DD amount we paid, we could get back the amount from kotak bank in 3 days but even after 1 month of cancellation we are still waiting for the amount back from kotak securities.
So if you prepared to take a risk in opening the account, you can move forward. this is the issue when we tried to open the account, thank god we are out of the problem before the real problem starts after opening the account