The following advice is issued in
the interest of investors:
Stock Brokers can accept securities as margin from clients only by way of
pledge in the depository system w.e.f. September 01, 2020.
Update your email id and mobile number with your stock broker /
depository
participant and receive OTP directly from depository on your email id and/or mobile number to
create
pledge.
Check your securities / MF / bonds in the consolidated account statement
issued by NSDL/CDSL every month
Safeguard your account from
unauthorized transactions. Update your mobile numbers/email IDs with your stock brokers. Get
all information related to your transactions directly from the stock exchanges on your
mobile phone/email id, at the end of every day. KYC compliance is mandatory when you enter
the securities market. It is a one-time exercise done through a SEBI-registered intermediary
(stockbroker, depository participant, mutual fund, etc). There is no need to repeat the KYC
process when you go to any other intermediary.
Also please note that ‘investment
in the securities market are subject to market risks, read all the related documents
carefully before investing’
You do not have to issue a cheque while subscribing to an IPO. Write your
bank account number clearly on the IPO application and sign it, sanctioning your bank to make
payments when there is an allotment. Your funds will remain in your bank account in the case of
non-allotment.
We hereby declare that we are doing PRO trading.
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