Invest in U.S. stock markets

Just create your account on the Global Investing platform powered by Interactive Brokers. We will have your brokerage and custodian account created with Interactive Brokers. It will take 1 - 2 business days for your account to get approved if all the information is correct.

Once approved, you will have to fund the brokerage account by transferring money into it from your linked domestic bank account. Once the funds are available in your brokerage account, you will be able to make investments.

After selling any of your investments, whenever you want to get your money back, just click on ‘Withdraw’, enter your account details of your local bank in India and all your available cash will be sent over to your domestic bank account.

• Creating a funding notification on the IBKR platform:

Step 1: Login to the Global Investing platform and select ‘Transfer and Pay’ from the menu, then select ‘Transfer Funds’ and click on ‘Make a deposit’

Step 2: Select ‘Bank Wire’ and Enter the amount of the wire deposit to create the notification.

Step 3: Once the deposit notification is created, click on the message ‘To transfer money using your Kotak bank account, please click here’ to visit Kotak Net/Mobile banking platform for remittance.

Note: You will be redirected to Kotak Mobile Banking app (if already installed) on your smartphone for completing the transaction. For desktop, you will be redirected to Kotak Net banking portal.

• Visit Kotak Remit and place the transaction request:

Steps for Kotak Net Banking:

Step 1: Log in to Kotak Net Banking

Step 2: Enter transfer details

Step 3: Click on ‘New Beneficiary’, select ‘Is this remittance towards overseas…’, select partner as ‘Kotak Securities’ & receiver as ‘Interactive Brokers LLC’.

Step 4: Authenticate through OTP, verify & confirm the transaction.

Steps for Kotak Mobile Banking App:

Step 1: Login to Mobile Banking App

Step 2: Click on ‘Payments’ & ‘Send money’

Step 3: Click on ‘Send money abroad’

Step 4: Enter transfer details

Step 5: Click on ‘New Beneficiary’, select ‘Is this remittance towards overseas…’, select partner as ‘Kotak Securities’ & receiver as ‘Interactive Brokers LLC’.

Step 6: Authenticate through OTP, verify & confirm the transaction.

For online method: Income proof required in some cases.

For offline method: Form A2 and LRS Declaration for Portfolio Investment are required. Click here to download these forms. As per FEMA, these are required every time money is transferred abroad. Your bank will file them for you within the LRS filings. All you need to do is make sure that the information is correct. Then, download the filled-in form, sign, and submit it to your bank. Also, please keep your PAN card and address proof ready handy, in case required.

Bank remittance charges for wiring money abroad to your Global Investing account depend on your bank and its correspondent overseas banking partners. These can usually range from USD 10-30.

Currency conversion charges by the domestic bank for both outward and inward remittances vary from bank to bank. These can range from 0.5–3 %. Please confirm these charges with your bank. Some banks charge a processing fee in addition to the currency conversion fee.

From 1 Oct 2020, a 5% tax deduction at source will be applicable on amount above INR 7, 00,000 remitted abroad.

Generally, it takes between 1-4 business days to deposit / withdraw funds to your Global Investing account. Normally, funds would be credited the same day although sometimes there could be a delay due to a U.S. holiday or if the correspondence bank requires any additional information.

The Global Investing platform does not offer investments in IPOs for residents outside the U.S., at the moment.

The settlement is carried out on T+2 (transaction + 2) day for U.S. stocks. The settlement process for exchanges in other countries can vary from exchange to exchange.

For support, you can write to us at ks.globalinvesting@kotak.com or call us on 1800 209 9191 from Monday to Friday 9:00 AM to 12:00 AM

1. Download the app
2. Log in and tap on “more”
3. Scroll to the Global Investing menu