1. Stock Brokers can accept securities as margin from clients only by way of pledge in the
depository system w.e.f. September 1, 2020.
2.Update your mobile number & email Id with your stock broker/depository participant and receive OTP
directly from depository on your email id and/or mobile number to create pledge.
3. Pay 20% upfront margin of the transaction value to trade in cash market segment
4. Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide
circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and
other guidelines issued from time to time in this regard. Continuation Sheet
5. Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every
month.
6. Filling complaint on SCORES - Easy & Quick
Register on SCORES portal.
Mandatory details for filing complaints on SCORES.
Beware of fixed/guaranteed/regular returns/ capital protection schemes. Brokers or
their
authorized persons or any of
their associates are not authorized to offer fixed/guaranteed/regular returns/
capital
protection on your investment
or authorized to enter into any loan agreement with you to pay interest on the funds
offered by you. Please note
that in case of default of a member claim for funds or securities given to the
broker
under any arrangement/
agreement of indicative return will not be accepted by the relevant Committee of the
Exchange as per the approved
norms.
Do not keep funds idle with the Stock Broker. Please note that your stock broker has
to
return the credit balance
lying with them, within three working days in case you have not done any transaction
within last 30 calendar days.
Please note that in case of default of a Member, claim for funds and securities,
without
any transaction on the
exchange will not be accepted by the relevant Committee of the Exchange as per the
approved norms.
Check the frequency of accounts settlement opted for. If you have opted for running
account, please ensure that your
broker settles your account and, in any case, not later than once in 90 days (or 30
days
if you have opted for 30
days settlement). In case of declaration of trading member as defaulter, the claims
of
clients against such
defaulter member would be subject to norms for eligibility of claims for
compensation
from IPF to the clients of the
defaulter member.
These norms are available on Exchange website here
a: BSEb
: NSE.
Brokers are not permitted to accept transfer of securities as margin. Securities
offered
as margin/ collateral MUST
remain in the account of the client and can be pledged to the broker only by way of
‘margin pledge’,
created in the Depository system. Clients are not permitted to place any securities
with
the broker or associate of
the broker or authorized person of the broker for any reason. Broker can take
securities
belonging to clients only
for settlement of securities sold by the client.
Always keep your contact details viz. Mobile number/Email ID updated with the stock
broker. Email and mobile number
is mandatory and you must provide the same to your broker for updation in Exchange
records. You must immediately
take up the matter with Stock Broker/Exchange if you are not receiving the messages
from
Exchange/Depositories
regularly.
Don't ignore any emails/SMSs received from the Exchange for trades done by you.
Verify the same with the Contract
notes/Statement of accounts received from your broker and report discrepancy, if
any, to
your broker in writing
immediately and if the Stock Broker does not respond, please take this up with the
Exchange/Depositories forthwith.
Check messages sent by Exchanges on a weekly basis regarding funds and securities
balances reported by the trading
member, compare it with the weekly statement of account sent by broker and
immediately
raise a concern to the
exchange if you notice a discrepancy.
Please do not transfer funds, for the purposes of trading to anyone, including an
authorized person or an associate
of the broker, other than a SEBI registered Stock broker.”