1. Read all documents and conditions being agreed before signing the account opening form.
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1. Do not deal with unregisteredstock broker.
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2. Receive a copy of KYC, copy of account opening documents and Unique Client Code.
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2. Do not forget to strike offblanks in your accountopening and KYC.
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3. Read the product / operational framework / timelines related to various Trading and Clearing & Settlement processes. |
3. Do not submit an incompleteaccount opening and KYCform. |
4. Receive all information about brokerage, fees and other charges levied. |
4. Do not forget to inform anychange in information linkedto trading account and obtainconfirmation of updation in thesystem. |
5. Register your mobile number and email ID in your trading, demat and bank accounts to get regular alerts on your transactions
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5. Do not transfer funds, for thepurposes of trading to anyoneother than a stock broker. Nopayment should be made inname of employee of stockbroker. |
6. If executed, receive a copy of Power of Attorney. However, Power of Attorney is not a mandatory requirement as per SEBI / Stock Exchanges. Before granting Power of Attorney, carefully examine the scope and implications of powers being granted. |
6. Do not ignore any emails /SMSs received with regards to trades done, from the StockExchange and raise aconcern, if discrepancy is observed. |
7. Receive contract notes for trades executed, showing transaction price, brokerage, GST and STT etc. as applicable, separately, within 24 hours of execution of trades.
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7. Do not opt for digital contracts,if not familiar with computers. |
8. Receive funds and securities / commodities on time within 24 hours from pay-out.
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8. Do not share trading password. |
9. Verify details of trades, contract notes and statement of account and approach relevant authority for any discrepancies. Verify trade details on the Exchange websites from the trade verification facility provided by the Exchanges.
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9. Do not fall prey to fixed /guaranteed returns schemes. |
10.Receive statement of accounts periodically. If opted for running account settlement, account has to be settled by the stock broker as per the option given by the client (30 or 90 days).
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10.Do not fall prey to fraudsters sending emails and SMS sluring to trade in stocks /securities promising hugeprofits. |
11.In case of any grievances, approach stock broker or Stock Exchange or SEBI for getting the same resolved within prescribed timelines.
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11.Do not follow herd mentalityfor investments. Seek expertand professional advice for your investments. |