I had Kotak securities account since 10 yrs but I never used since last 8 yrs and they have charged me heavy amount of rent of demat account. So I paid that amount and sent closure form but they have rejected it saying that I have to transfer my holdings or sell it. But the interesting thing is that share is already decommissioned and not active in share market. But still Kotak has rejected my closure form bcoz of I hv that dead share in my account. Now I can’t sell it or if I transfer it, they are asking me heavy charge for it ??. This is really a harrassment and stupid things which Kotak is following. So friends please do not go for Kotak Bank or demat account.
BOYCOTT KOTAK...