Access futures and options trading on icicidirect login
Looking forward to your reply. Hitesh, Yes you can open an account in your mothers name. When you buy shares, only when we send the contract note to the bank, do they release the funds to us. This causes an incremental effort to service a NRI, hence the brokerage charges are higher. We now charge Rs per executed order, which is still quite cheap compared to everyone else. Hi Nithin Kamath, First of all wish u thanks for your quick and responsive engagement with queries even they are not an entitled customers of Zerodha.
This is the one thing sure! So, i found no reason to hang around there. I searched through online with complete sense: P for brokerage firms and shortlisted sas online, My value trade, trade jini, tradesmart, composite edge, rksv and zerodha.
To be honest, in various aspects and factors each and every firms in the above said comes handy. Photocopy of my address proof 2. Photocopy of my pan card 3.
Is margin trading facility is available with zerodha or still not added? Karthik, Firstly the lead that came into our system had a different mobile number but the same email ID that you have used to post the comment. Our sales manager tried to reach you a couple of times on that number but was not reachable. Will get him to call you back on this asap. Firstly we are probably the only profitable and debt free brokerage business in the entire low cost universe.
Secondly, we are way ahead of other technologically: Q and Quant are probably the best reporting tools out there, Pi our new trading platform which is in beta has been getting rave reviews, Kite our yet to be released web based application will definitely turn heads, and there are 20 other reasons here. Documents you have is enough, the sales manager will help you out with this.
Yes, it is best to open a new demat with us. This kind of setup linking to another demat is prone to short delivery mishaps. Demat account including the first year AMC costs Rs DP transaction charges, click here to know more. Btw HDFC charges 0. Yes, ECS is not mandatory. Yes margin trading is available for intraday. Check our margin calculator. Hi Nithin, hope u doing grt.. BIG thanks to ur technical team and their kindness for patiently listening queries!
They really stand tall man.. Hey thanks Karthik for the feedback. I want to clarify the brokerage regarding nse equity option. In your website i read it as 0. But In brokerage calculator, it shows minimum is Here i am attaching a snapshot. Dear Kamath, I got u. Actually, I was looking for some broker where i can buy n sale in option for a small margin. Your brokerage is good for other segment but there is a barrier for option. I wish to open a trading account with you for trading intraday equities, derivaties.
I want to open trading and bsda account. Will get someone to call you and give you more information. Its easier and more convenient to open and operate a resident account. Once this is mapped you will be able to trade intraday equity. I am trying to open Zerodha account. I have few queries: Please let me know how to proceed. Can you please let me know why? Suppose I buy a share today , can i sell it tomorrow? So you can choose one of the proofs for income, 6 months bank statement is one of them.
If you buy a share today as delivery, yes you can sell it tomorrow. If you buy today as an intraday, it gets squared off immediately. If you are trading online, it is required to debit shares from your demat whenever you sell it. Wherever you trade online in India, POA for the demat account has to be given for debiting shares everytime anything is sold.
Regarding your other replies , i will also talk to your sales guy and clarify him that ECS is not mandatory and payment can also be done by Net banking. If you buy and sell as delivery during the day, it will still be considered intraday and all charges will be as if it were an intraday trade. I wish to open an account with Zerodha, but have couple of initial queries — hope you will be able to clarify them. For doing so, i just need to request for a trading account with Zerodha right and not demat?
Well Nitin, I wud initially appreciate the way you respond to the queries. Is there any update on the timeline? Satya, Yes you can open ur account, leave your contact number here: I am student , i want to open a trading account for derivatives and commodity trading, i do no have any income , i plan to use my savings in my bank account for trading. I want to trade in stock market, bonds and ETF such as this -http: Say, For initial 2 yrs his toal investment valuation is Rs.
I want to know what is DP charge rs 13 mentioned above and would it mean I would be charged DP transaction for every delivery based transaction? Amit DP charge is applicable only when you sell the stocks which is lying in your demat. So Rs 13 only when you sell. All brokerages have DP charge, we are amongst the lowest. How do I sell share, transfer funds, ask query? Do you have any broker in Lucknow or Gorakhpur? If you open only Trading at Zerodha, you can buy shares through us, but these shares will get credited to your HDFC demat.
While selling you will have to then do it through HDFC itself. Once transferred you can do everything with us. If you open only trading account with us, you will buy with us so our brokerage, but you will sell using HDFC, so their brokerage.
So where you are is immaterial. If you still have any query, , we have a team of almost in Bangalore for all kinds of support. The account opening fees, and upfront AMC if you are opening a demat account. All charges are here: So what should I do in order to save buying and selling brokerage charge?
Everything on this post. Yes both are usually referred to the same charge. When you sell shares from your demat, this charge is applicable. No AMC for trading, only for demat. We collect it on their behalf and pay it to them. Point 1, check the link.
If any orders placed calling the call center, SMS sent on execution for free. Check this for BSDA. Thanks for clarifying Nitin. I like the commitment you guys show for every small concern from clients. Can I link another of my sb account in different bank iob so that I can directly transfer to zerodha.. Presently I am transferring from bank2 to bank1 and then bank1 to zerodha.. Anand, yes you can link multiple bank accounts to transfer money into trading account.
While withdrawing, we do it only to the primary bank account. To link another account, send us a copy of your cancelled cheque along with a letter asking to map the new bank account with your signature on it. One of our support staffs will get back to you with the status of your demat account.
A demat account typically takes 10 days provided all the documents provided are correct. Z-connect, Varsity, Q, Quant, Pi all the products are so nicely designed and user-friendly that I love to do the trading myself instead of calling up to trade. Thanks to Zerodha, I have learnt so many technical details in trading. Awaiting eagerly for Kite! When you guys are planning to launch it? Can you please guide me on how to proceed? I believe if POA is provided, then sharing a demat account with two trading accounts is possible.
The demat account holder and trading account holder have to be the same. Your dad will need to open both trading and demat with us. If it is possible for you to compile some videos Min. I have a demat account in SBI. In future if i open demat in zerodha ilfs two demat accounts link one trading account or add only zerodha demat account? Yes in future you can shift from SBI to Zerodha demat account.
But it is inactive as i am not trading and there is no amount in it. Now i want to start it again. If i wish new Account no and close old one ……is it possible? Madhavi, you can have only one trading account with a brokerage firm. Yes you will have to repeat the entire process including account opening charges.
Can you please confirm comodity account with nri, I just applied nri demat and tradding account with Zerodha but I m also interested with comodity. Can i use my hdfc demat account for opening a trading account here…how to link them, where i can get more info on this?
Bob, yes you can link your HDFC demat to a new trading account that you open with us. The blogpost above explains you all the details. Do speak to our sales manager who is helping you out. Nitiji Can i send both application at Zerodha bcoz i dont know ifsl address and all i just open account with you. I opened a trading account with Zerodha last week. I want to link my existing HDFC demat account with my trading account. How long will take to link them? There is no minimum balance required.
If you have sent your DP statement, it should already be mapped. You can login here: Such an arrangement I believe would be beneficial for clients in locations where you do not a presence.
Further it becomes important in situations where transmission of securities becomes is concerned for successors to follow up. It would be win-all situation for Zerodha, banks and customers as well. Hi, I m interested to open an account with zerodha , but before that I hv few questions 1.
What documents do I hv submit to open a commodity account? Do I need demat account for commodity trading? Is there any charges other than the charges mentioned in brokerage calculator? Do you provide signal for nickel trading? If so on what frequency ll I get the signals? Please reply asap to my queries.
I called to the number provided in ur site ,but it was on hold for 5 mins. PAN, address proof, income proof and photo. Depositing online is instant using the payment gateway. Withdrawals take around 24 hours from when you transfer. HDFC is the most convenient as we bank with the same.
But yes, you can use the Zerodha demat account number and apply for IPO either through offline, or any other way of applying. I already have a Zerodha trading account and I want to open a Demat account and also paid the AMC fee rs for same using online platform.
Dear Nitin, I applied to open a trading account for which submission of document is not yet done but payment of Rs. Is there any way to rectify that error now so that I pay and opt for demat account along with this current application? Is self attestation of the required documents by zerodha will suffice? All you need to give extra is the income proof. If i open trading with Zerodha can i save my DP charges? What are your DP charges for delivery based transactions?
Yes Nitin, you can walk into any sales center and open an account. What is the time taken to open Demat account with you?
And what are the charges? Do you provide margin against shares if the demat account is with you? Demat account now takes around 3 to 5 working days once we have received the forms. Yes you can pledge stocks to get margin against shares. Hi I am a first time investor and I have decided to go with zerodha.
Please advice on the following: Which type of account i should go for? Will you be advising on regular basis about the modalities till i get in to practice? Trading and demat account 2. But we run many initiatives to help you get started, check our very popular: I do not understand this? Till now I was doing it with reliance securities. I want to know- 1 Is it necessary to open new trading account for eq.
Actually I contacted Zerodha support , but I got two different answers. Kindly guide me so that I can proceed. Same trading ID will get used for equity. Reliance money would have given you a delivery instruction slip, on that mention the new Zerodha demat DP ID, and all stocks that you intend to transfer. Dear Nithin, I told in first message that I received two different answers. But before opening account with Zerodha , I am confirming again.
Your demat account will be opened with Zerodha. I have a just trading account with Zerodha which i opened when i was a resident back in Now I hold a NRI status. I know that i might need a Demat account to do that as I currently hold only Trading account with Zerodha. Kindly let me know which kind of account and what bank account i need to use in order to participate in Equity market. I am existing zerodha customer. I have following questions: Suppose i started day challenge.
So how zerodha or day challenge will come to know i have booked profit on that trade.? In future, suppose I want to open demat with zerodha, and de-link my existing zerodha trading account with ICICI, and link it with zerodha demat. Can I do this? If yes, how can I, as I see forms links for two options only, a. Only trades buy and sell both executed within Zerodha in those 60 days will be considered for profitability of the challenge. You can see only Zerodha demat form here: Once Zerodha demat is open, u can fill up the delivery instruction booklet provided to you by ICICI, mention the stocks u want to transfer, mention the zerodha demat account number, and submit this to ICICI.
They will transfer this within 24 hours. I am a new member of Zerodha and I would like to thank you for providing such a great trading experience! Is there any other alternative to Client Master Sheet? Sir i have a demat account in geojit and i newly start a demat account in zerodha.
When you opened zerodha demat, you would have got a DP ID. They have to transfer the shares to your new demat within 24 hours. Sir, My wife want to open a trading only account with Zerodha.
She already have a Demat account with Aditya birla. Only Intrested in Equity Delivery now. I understand that if connect existing aditya birla Demat account with Zerodha, she can buy from Zerodha but sell through Aditya birla. She have no plan to trade in other segments except delivery trade. So how Zerodha will get profit if you provide a trading only account?
Jibin, the business is planned for long term. Currently the focus is to onboard and let as many people let know of the business. Sir, Please provide following details of Zerodha, to update with current Brocker. We need to open a Trading account with Zerodha. Name of the stock brocker? Name of the sub brocker, if any? Sir You have made the equity investment charges zero. If you charge a fixed fee , it will lower break even point and so success rate of small traders will increase and frequency of trading also.
It will enable us to pay fixed monthly charge. Please note that we are not asking for zero charge , but a fixed monthly charge.
Gilari, to promote the importance of equity investing we decided to make the brokerage zero. Is cancelled cheque leaf is mandatory for account opening. Then for my first six month upfront amc can i pay online. Is there any ways like that.
Yeah, cancelled cheque acts as a proof of bank account, and hence mandatory. AMC will be collected from your trading account, and not mandatory to pay it upfront. Yes you can, but you have to come through the custodial participant route. If you login to https: Print it, sign it and send it to us with the account opening cheque of Rs , or pay the acop fee here: Opc company presently I have trading account with hdfc securities but they do not provide discount brokerage so I want to switch to zerodha, so please tell me what is the procedure of open trading account of newly started pvt.
Opc one person company company and what documents required. Yes Abdul, best to open a NRI trading and demat account asap. Check this post, explains all you need to know about NRI trading and demat account. Thank you very much, Please again one more, Last 4 years I did lot of transaction including intraday [Invested 20 Lack and lost 15Lack]. Hoping your kind advice.
If you have done a lot of transaction, it is best to show them all as business losses using ITR4. If I open a trading account with Zerodha, link it to my existing demat with Sharekhan and give POA on the same demat to Zerodha as well, will it be possible to sell my demat holdings thru Zerodha trading account?
I mean, do I need to seek their nod at all? You will need to speak to them and ask them firstly to allow you to give us the POA, and secondly give an access from where we can debit shares when you sell. Even for equity intraday trading, you need to have a demat account mapped according to new exchange regulation.
Hi Nithin, You are an inspirational personality. To transfer from them to your DP account, they have asked per scrip 0. For me this 0. I read some where in the internet that, as per SEBI, if I apply for closing down the existing Demat account of Motilal , then they are not supposed to charge me anything at all And should transfer all my scrips to my new Demat account Zerodha account for free.
Is this information right? Is there such rule existing? Please let me know. Yes Dr, you can give motilal a closing letter for your demat account along with Zerodha demat account number. They are supposed to transfer all shares for free.
This is what I read in the internet. Thank you Nithin, As usual, You are too helpful when it comes to clarifications. Can i open trading and demat account in different? How can I check from Demat account holdings? I got a bonus share for one of the scrips I am holding. I wanted to check if it has been credited to the demat account? I have a demat acct with Citi Bank and trading account with Citi Wealth. As Citi Wealth is ceasing operations I need a new trading account.
Can I open one with zerodha and link to my existing Citi Bank demat or do I need to open a demat as well with zerodha. You can link your existing demat account to your Zerodha demat account.
I am in an NRI in Australia. It has to be cash and delivery. Me and others like me would be happy with nil or negligible charges like you guys.
Can you be of any help. Guide us if possible to get maximal benefits?? I want to open a few more accounts and let my employees use them to do intraday trading. I believe i cannot open more than one account in my name with the same PAN. Is there any corporate account or trader account sub ID, etc which can be subscribed in my name or my companies name?
How do trading firm or investment bank employees trade on behalf of their employers. I want to do intraday as a trading business. We might have something for you, as long as you want multiple access to just one account. No charts are available for this yet. I am having demat account with Saraswat bank. Can I link it with your trading account and use it both to buy and sell,there is no trading account linked with it currently.
What is the procedure for the same?. Yogesh, you can link it only to buy. You will not be able to then sell through us. Best to open both trading and demat with us. I want to open a trading account with Zerodha keeping my existing demat account with Geojit.
I have few questions: Will Zerodha also offer this? Also, if I buy some shares from Zerodha and it goes to my demat account. Yes, once shares hit your Geojit demat, they will provide you margin on that. Can I open demat account here? What documents will be require? Check this post , explains all you need to know. This is stipulated by the exchange. My guess the logic is that if stocks hit circuit down after you buying, a demat account will be required to take delivery of the stock.
I have understood as your support replied. Actually this line made me confused. I am a beginner. Also kindly make this option like when you reply to our questions we get a email notification. This will be very helpful. It becomes difficult to search with a mobile portal. Yeah, u will need to map some demat account.
You can give demat statement of any of your existing demat accounts. Hi, How long will it take to open a demat and trading account with you? Request you to leave your contact details here: Hello Sir , I am executing a BO order today but message said this bracket order is not available for my account.
How to solve this issue? Bracket order is already enabled on the account. Could you try to place an order and check again? I have account with you as well as sharekhan leading to creation of 2 demat accounts. I want to close 1 demat account and link my trading account at zerodha with the demat account which I already have with sharekhan or vice versa. Please help me in the process. If you map sharekhan demat to our trading, you will be able to buy with us, but not sell.
Also check this post. My dad wants to swtich over to zerodha for equity and derivatives trading. Can he trade via call to zerodha sales and will there changes in brokerage for offline trading? I have a demat account already. Can I simply open a trading account through Zerodha to conduct delivery based FnO trades. This is the only thing, i need to trade from other account. For everything else, zerodha now suffice. The trading activity is not much, and we are not comfortable in terms of risk because of the reduced liquidity.
Dear Sir, As a costumer of zerodha. I like to be working with zerodha but now i want to be make this relationship more stronger. I belongs from uttarakhand. Even from where city does i belongs Almora. There are eventually any trader or investor. So i want to be part of zerodha sales partner office at there. I will be very grateful for being a part of fastest growing and emerging company in a financial world.
I have my commodity account on zerodha but i trade on MCX but now i want to trade on Ncdex also how to do that??? Request clarification of queries from Account Opening Document. I am referring to ZerodhaTDsep For Delivery based trades, a minimum of Rs.
All accounts with credit balances of Rs. If you have any unutilized funds, we send it back to your bank account once every quarter. Thank you very much Nithin for your kind answer. Really amazed by your prompt reply that too at a late night..
Do you really sleep or not? Could you please also share some link that gives information on bank transaction charges. If you use a payment gateway it is Rs 9 to transfer into the trading account, no charges for withdrawing. You will need a DIS slip. You can send a request to our office asking us to courier you the DIS slip booklet. You can sign, mention the other account details, details of stock you want to transfer and send it back to us.
You can ask for DIS slip from zerodha. Fill DIS slip and submit it again to zerodha. Shares will be transferred with in 7 days. Precaution should be taken with DIS to avoid misuse.
Remember to strike out remaining shares rows which left empty. You only pay for the seat to take you from point A to point B. I would like to invest in equity stocks, as in I would like to buy and hold a variety of stocks for a months, then sell, buy something else, like this. What type of account do you recommend I open? Kindly mail me your opinion in the above given mail. Thanking you in advance, Kunal Lad. How to trade offline shares on Zerodha?
Hi, I am having account in zerodha. I would like to transfer my offline mutual fund in zerodha is it possible?
BSDA is primarily targetted towards small investors and encourage those entering the market. DP charges remain at 13, like a normal account. Sincerely appreciate the quick responses!!
Minute details such as this, helps alot. I have to open a Trading and demat account in zerodha. I am from Gwalior M. I have 3 questions. I dont know how to operate your software.
What will be best Internet speed for intraday trading activities. Can I buy also Sip through zerodha. Check this webinar , and this user guide. If so what are the requirements. International LLP can come into India using the custodial route. Not a very easy task, but we can help you out. Just opened my account at zerodha today and tried placing an order through smallcase. So smallcase support says I am not enabled to trade on NSE. Before zerodha I used to trade on NSE through sharekhan.
So what could be the problem here? Probably means that your demat account is still not active. With the bandh in blore last few days, there was a backlog. I wish to sell many those stocks and update the portfolio. What is the best way? Can i sell with trading account of Zerodha linked with hdfc Demat account?
Or i should open both Demat and trading account with Zerodha and transfer all shares to zerodha. What is the process and charges for transferring the shares to zerodha from hdfc?
Open demat and trading with us. To transfer shares, check this answer. Hi, I was trying to open an account. But during sign up it is saying my mobile number is already registered.
I have not registered before. I dont have an account with Zerodha. Please get my situation sorted and help me open an account at the earliest. Hello Sir , My account just recently got opened around days ago , i also transferred a sum of Rs.
By mistake, I have transferred a sum of Rs to my trading account from a HDFC bank account which is not linked to my trading account. Will Zerodha refund the amount to that bank account? When will they do it? Yeah Pritam we will refund by end of day. If this account belongs to you, you can get that account also mapped by sending us a cancelled cheque leaf or bank statement.
Anything below and above is profitable. How can make the loss in to Zero by adding position or hedging? Khalid, no way to make potential of a loss zero while expecting to earn some money. Suggest you to go through the option strategies module. Check this, explained on tradingqna on SGB. Sir i new in online trading. I want to open demat account. Please tell me the procedure to link my pnb bank account with zerodha account. Do I still need a demat account for Stock futures? I submitted my application today.
Can I call them tomorrow and tell them to not cash my cheque of Rs as I do not need a demat account? What will be the charge, if I buy some share in delivery EQ and sell them in the same day? Is it intraday EQ charge?
Procedure for transmission of shares in case of death of shareholder individual and joint account with and without nominee? I would like to know can I add a joint holder in an already opened demat account with Zerodha. What is the procedure to transfer shares to nominee in case of death of demat account holder?
No, both persons are required to operate the account. I allocate funds to the DMat account from my Icici account. Now I want to open DMat and trading account with you. Yes you can open new trading and demat with us. If I buy any share, will I be able to sell those on the same day Or I have to select this intraday somewhere? In case of intraday transaction, say I used Rs.
Can I get the amount I invested to my bank account on the same day? In intraday transaction, is it must to sell those share on the same day or it will be sold automatically at the day end? Yes, you can buy and sell on the same day. You can withdraw profits on settlement, i. However the onus of squaring off all intraday positions lies entirely on you. I will courier the required documents to get tomorrow. I will send following documents: Copy of last year IT return as income proof.
Cancelled cheque How many? I have demat and trading ac with zerodha i wanted to take ac of icici direct or angel broking or choice broking for daily tips and recomendations can i use zerodha demat for them. Is it possible to trade with single login? Adding to the list: Need to know ASAP to take advantage of the volatility due to the upcoming budget. If you have opened an account with us, you would have opened both demat and trading.
You might not have enabled trading derivatives on your account. On our resources page , click on segment addition. Download this form , print, sign and send it to us. You will also have to attach an income proof, any of the ones mentioned in the post above. Then I added RS from savings account. I cant find any strong hint for that missing across 10 RS. Can you please help me in that? Prantik, if you have used the payment gateway to transfer funds, there would be Rs 10 PG charges.
You can see all of this if you open your ledger. Go to Q — backoffice from within Kite, click on ledger. Check this link, explains DP charges. Can I open a new trading account with Zerodha.
Can I have to close the Demat account and open new Demat with Zerodha. Is it possible to keep two Demat account. You can have multiple demat and trading accounts. So no issues if you have to open a new account with us. Sir, Currently I have an account with inditrade. You will have to open a new trading and demat with us.
If you print the forms yourself, it is Rs Will take us 2 days from when we receive the forms here in Bangalore. I have received the trading account opening form via email.
If I already have a demat account with ICICIDirect but I still want to open a new one with Zerodha, is it still required to give details of my existing demat account to Zerodha or can I just fill out the form without the existing demat details and send it across. Option is on you. I have added CitiBank account to my Zerodha Account. But I am not directly transfer the funds to the Zerodha. You will have to send us a copy of your KBL personalized cheque along with request to map your bank on our email.
I was hoping you could help me with the following doubts: Is it enough if I just submit the closure form to the other broker, or do I have to notify Zerodha or the DP? The cheques do not have my name printed on them? Is a cheque still sufficient, or do I have to provide some other proof? If not, is Zerodha planning to add this feature any time soon?
No charges from us, they might charge you. Send us the cheque along with the bank statement. No, currently withdrawal only to the primary account. If you are transactions are below a certain point, all demat accounts automatically becomes BSDA. If you are printing the forms yourself, you have to Rs for trading and Rs for demat for opening. To make it a joint account with me being the second holder, what documentation will I need to give please?
Your PAN card and address proof. Only demat account can be joint. Trading can be opened only as a single holder. I have written to your support group and they have mentioned that it will be reflected on listing day in secondary market. While going through net in many forums its states that your demat should be active and read state for receiving shares.
As soon as the shares gets listed on exchange you can see it on Q. You can also create a login to https: Do i need to fill any form for BSDA account if my holding is below 2 lac? Is it possible to open a join account in Zerodha. If yes, then how and what are the procedures. Is there any possibility of providing the flexibility of using the same funds for both equity and commodity. Suresh, stock options are highly illiquid, hence market orders are not allowed.
You can place limit orders. I am a NRI from Dubai. So can you please answer the following questions so that I can consider other options. Will I need a Power of Attorney to do so? Since he is retired and has no fixed income, what kind of income proof can he show? I send him every month so can he show that as a loan or something like that?
The forms will have to be signed by your father and all of his proofs are required. As far as operating is concerned, the account related details will be emailed to him. Is my account type is enable to trade in MCX commodities. Please check and advice. You can find a pre-filled commodity form on https: Is there is any option my q or kite where i check which segment activated or which not.
Like EQ, Derivative Commodity. On right top of Kite you can see your client ID. Hover on that to see your profile. Click there to see the enabled segments. For this Pls mail me the required forms. What are the required documents to be sent with the forms. How can it be known that I have refered a friend.
Use this form to refer you friend https: Our sales team will call and do the rest. Hi Nithish, I already have a Zerodha account for Equity. Is it possible to have two different portfolios in this account. Now, I want to open two more accounts as under: Rajesh; Second name joint holder: Milind b First name: Milind; Second name joint holder: My brother Milind has two demat accounts with icicidirect as under: You can open multiple demat accounts with different joint holders; but we would be linking only one trading account to your demat account for now.
Is there any additional charges? Recently i have opened an Account at Zerodha Trading office. Now my doubt is which is my Account type. I mean, how do i know weather its a Demat Account or just a Trading Account?? Sonu one is for trading platform other for reporting. Suggest you to go through https: Sir,Can i add Multiple Bank accounts with my zerodha trading account?? Can I transfer money from some other bank account?? If Yes, how can i avail this facility while applying online?
What is the amount I would be charged for first year? Please tell me the respective charges for individual account a. Trading Account Opening Charges b. Demat Account Opening Charges d. What is the commission charged by Zerodha for mutual funds trading and mutual funds AMC respectively? On clicking the link of Order Ref.
In addition, you will receive e-mail confirmations. You can choose to receive the e-mail confirmation either for each trade when it is executed or a single one for all trades at the end of the day. The contract note will be send to you by mail at the end of the day. What is a contract note? Contract note is a statement of confirmation of trade s done on a particular day for and on behalf of a client.
A contract note is issued in the prescribed format and manner, establishing a legally enforceable relationship between the member and client in respect to the trades stated in that contract note. Contract notes are made in duplicate, where the member and client both keep one copy each. Can I trade on margin? You can trade on margin on select stocks. However, the system cancels this order if it is not traded within a number of days parameterised by the Exchange.
An Immediate or Cancel IOC order allows the user to buy or sell a security as soon as the order is released into the system, failing which the order is cancelled from the system. Partial match is possible for the order and the unmatched portion of the order is cancelled immediately. Any unexecuted order pending at the end of the trading session for the day gets expired. What is a Disclose Quantity DQ order? Normally, the order quantity is disclosed in full to the market.
For example, an order of with a disclosed quantity condition of will mean that is displayed to the market at a time. After this is traded, another is automatically released and so on till the full order is executed. What is a Stop Loss order? A Stop loss order allows the client to place an order which gets activated only when the market price of the relevant security reaches or crosses a threshold price specified by the investor in the form of 'Stop Loss Trigger Price'.
When a stop loss trigger price SLTP is specified in a limit order, the order becomes one which is conditional on the market price of the stock crossing the specified SLTP.
The order remains passive i. Once the last traded price of the stock reaches or surpasses the SLTP, the order becomes activated i. It is used as a tool to limit the maximum loss on a position. However, in the event the price rises above his buy price 'A' would like to limit his losses.
The stop loss trigger price SLTP has to be between the last traded price and the buy limit price. Rs , the order gets converted to a limit buy order at Rs However, in the event the price falls, 'A' would like to limit his his losses. The stop loss trigger price has to be between the limit price and the last traded price at the time of placing the stop loss order.
Once the last traded price touches or crosses Rs. This is treated as a normal order because the condition that the last traded price should exceed the stop loss trigger price for a buy order is already satisfied. Similary, in case of a stop loss sell order the SLTP should not be greater than the last traded price for the same reason.
What are price bands? The exchanges have fixed price bands for all t securities within which they can move within a day i. Orders outside the minimum and the maximum of the range are not allowed to be entered into the system. The previous day's closing price is taken as the base price for calculating the price bands.
What is a Settlement cycle? Please refer Learning Centre. If I have purchased a share, do I have to take delivery?
No you can choose to sell the share before the end of settlement cycle. However once the settlement cycle is over you have to take delivery by paying for it. If I have sold, do I have to give delivery of shares? No you can choose to buy the share before the end of settlement cycle. However once the settlement cycle is over you have to give the delivery of shares from your Demat account. I buy a share, how will the payment be made and how will I get the shares?
The payment will be made on the Pay-In day which depends on the settlement cycle and the exchange. The shares received from the exchange will be automatically transferred to your Demat Account. The money required for purchase will be transferred from your Bank account.
A similar process takes place when you sell the share. I have bought some shares but some amount has not been deducted from my Bank Account? The amount will be deducted from your bank account at the time of settlement.
At times, however, the share may be in 'No Delivery' and hence the payment may need to be made after the 'No Delivery Period' is over, which might be weeks away. The date on which amount is to be deducted from your account can be checked from the 'Cash Projection' page.
I have bought some shares but shares have not come into my demat account? The shares will come into your demat account at the time of settlement. Hence you can expect the shares to come into your Demat account on Pay-Out of securities i. In case you do not receive the shares, it may be due to the stock being in 'No Delivery' period. In this case the shares will come from the exchange after the 'No Delivery' period is over which could be weeks away.
The date on which the shares are to be credited to your Demat Account is indicated on the Order verification screen which comes up on submitting a Sell order.
Alternatively, it is possible that the shares may not have come from the exchange because of short delivery by the counter party selling broker.. In this case, the exchange conducts an auction to buy the shares to the extent delivered short by any broker from the open market and the shares may be received a few days later. If the shares are not received in an auction also, the exchange suitably charges penalty from the person liable to deliver the shares.
You are suitably compensated and the consideration is remitted to you as soon as it is received from the exchange. I have sold some shares but the payment has not come into my bank account?
The amount will be come into your bank account at the time of settlement. At times, however, the share may be in 'No Delivery' and hence the payment may be received only after the 'No Delivery Period' is over, which might be weeks away.
The date on which amount is to be credited to your account can be checked from the 'Security Projections' page. I have bought some shares but they still have not come to demat account. Can I sell them? If you are within the same settlement cycle in which you purchased the shares you can sell them. Or else you can also sell the share using the BTST facility available. What is a short delivery? Short delivery refers to a situation where a client, who has sold certain shares during a settlement cycle fails to deliver the shares to the member either fully or partly.
What is an auction? An auction is a mechanism utilised by the exchange to fulfil its obligation towards the buying trading members. Thus, in case for a settlement, the selling trading members have delivered short, their deliveries are bad or they have not rectified the company objection reported against them, the exchange purchases the requisite quantity from the market and gives them to the original buying member.
Auctions are generally held on Friday. What factors give rise to an auction? There are three factors, which primarily give rise to an auction: Un-rectified Bad Deliveries - this is relevant only in respect of shares in physical form 3. What happens if the shares are not bought in the auction? If the shares could not be bought in the auction i. The pay-in and pay-out of funds for auction square up is held along with the pay-out for the relevant auction.
In case the price movement is adverse, you incur a loss. However, margins are blocked only to safeguard against any adverse price movement. At present, you have to place However, the risk profile of your transactions goes up. How is margin trading different from trading in Cash segment? For example, when you place an order to buy shares of Reliance in the cash segment, your intention is to pay for and receive the shares in your Demat Account.
However, if the same order were to be placed in the margin segment, your intention would be to sell those shares subsequently in the same settlement at a higher price and thereby make a profit on the same. However, if the price falls subsequently, there may be a loss.
Since a cash position is meant to be settled by delivery, the required cash or securities are blocked in full. A sell order in the margin segment can be placed even without having any stock in demat account. However, unlike the sell order in the cash segment which can be placed without having any limit, a sell order in margin can be placed only if sufficient limit is available.
The most important thing to understand is that though you can leverage on your trading limit with margin trading, the risk profile of your transactions goes up substantially. Which stocks are eligible for margin trading?
Why is the stock list restricted to specific scrips only? At present, we have enabled select shares for trading in the margin segment. Only those stocks, which meet the criteria on liquidity and volume have been considered for margin trading. Technically, the stocks having low impact cost have been considered for margin trading. Technically, the stocks having low impact cost have been included. In the "Buy" and "Sell" page, you need to opt for "Margin" in the "Product" drop down box.
All other order parameters remain the same. In case you face any problem, you please refer to the "Help" section on the page. Can I short sell the shares i. Yes, you can short sell the shares in margin segment.
Do you block the shares in DP when a sell order is placed in the margin segment? Unlike the sell order in the cash segment, there is no block on your holdings in the demat account. How much margin would be blocked on placing the margin order? Initially, margin is blocked at the applicable margin percentage of the order value.
For market orders, margin is blocked considering the order price as the last traded price of the stock. On execution of the order, the same is suitably adjusted as per the actual execution price of the market order. It may not be so. Margin percentage may differ from stock to stock and settlement to settlement based on the risk involved in the stock, which depends upon the liquidity and volatility of the respective stock besides the general market conditions.
What is meant by 'squaring off a position'? What is a cover order? Squaring off a position means closing out a margin position. For example, if you have a margin buy position of Reliance Shares', squaring off this position would mean selling Reliance shares in the same settlement. The order placed for squaring off an open position is called a cover order.
In the example, the order placed to sell Reliance shares is a cover order against the open position - 'Bought Reliance Shares'. Is margin blocked on all margin orders? Margin is blocked only on margin orders, which are in the nature of building up fresh positions. For example, if you have a buy position executed trade of shares in Reliance in margin and now place a sell order for shares in Reliance in margin, the sell order would not attract any margin as it is in the nature of a cover order.
However, if you place a sell order for shares, the fresh component of the order i. Such orders can be called 'partial cover order'. Please note that cover order is recognized only against the executed open position and not against pending order.
For example, if you have a pending buy order of shares in TISCO and want to place a sell order of shares in TISCO at a higher price, the sell order would not be recognized as a cover order and shall accordingly attract margin. If it is an execution of a fresh order i. Accordingly the limits are adjusted for differential margin. If it is an execution of a cover order order which would result into square off of an existing open position in margin , the following impact would be factored into the limits: How do I differentiate between margin orders and cash orders in the order book?
Margin orders are displayed with a yellow background while cash orders are displayed with a white background to distinguish between the two order types. How do I see my open positions in margin?
You can view all open margin positions by clicking on "Margin Positions" on the trading page. How do I place a square off order in margin to cover my open positions? How does the profit and loss recognized on execution of square up cover orders? For example, say you have a margin position - 'Buy Reliance Shares' at an average price of Rs. If you square off a part of the position by selling 60 Reliance Shares Rs.
What is meant by 'Convert to Delivery'? Can I choose not to square off a margin position? Margin positions are meant to be squared off. However, if you want, you can choose to receive or give delivery of shares against your positions. The expression of this intention is 'Convert to Delivery'. For example, if you have a margin position of 'Buy Reliance Shares', instead of squaring off this position by selling Reliance shares in the same settlement, you can choose to receive delivery against the same.
You can convert even a part of the total quantity of How do I convert my margin position into delivery cash segment? Only the position in margin can be converted to delivery cash and not vice versa. Can I convert my pending margin order into an Order for Cash Segment? Only the executed margin position can be converted to delivery cash segment and not the pending orders in margin. In such case, you can cancel your margin order and place a fresh order in cash.
Is there any additional brokerage charged on margin positions converted to delivery? All margin positions converted to delivery shall attract additional brokerage for the difference in the brokerage applicable for margin and cash segment. When do you release the margins blocked on margin positions? When the margin position is closed out either by squaring off or converting to delivery , the proportionate margin blocked on the position so squared off is released back and added to the limits.
How does 'conversion to delivery' impact limits? On converting a 'Sell' position to delivery, the converted quantity is blocked in your Demat account. Threshold MTM mark to market Loss percentage is the maximum loss percentage up to which additional margin shall not be called for.
Once the actual MTM loss percentage exceeds the threshold MTM loss percentage, our system would block additional margin required from the limit available. The scrip will be disabled from further trading in the margin segment. If the scrip is in positive compared with the previous trading day closing price, then all pending sale orders will be cancelled and all short positions will be squared off at market price.
Similarly, If the scrip is in negative compared with the previous trading day closing price then all pending buy orders will be cancelled and all the long positions will be squared off at market price. How do you calculate additional margin required when the MTM loss is more than the threshold per cent? The available margin on the stock as per the "Margin Position" table is first reduced by the actual MTM loss amount to arrive at the effective available margin.
The effective available margin is compared with the margin required to continue with the position i. Current market price at the applicable margin percentage and the difference is called for as Additional Margin.
For example say you have bought shares of XYZ at Rs. You would be having a margin of Rs. The current market price is now say Rs.
Additional margin to be calculated as follows: If the limit is not sufficient to meet the call for additional margins, ICICIdirect may close out the margin position by placing a market square off order. However, before placing the square off order all pending margin orders in that stock are cancelled by ICICIdirect. How do you call for additional margin during the MTM process? Once the MTM loss percentage exceeds the threshold MTM loss percentage, our system would block additional margin required out of the limits available.
What happens if limits are not sufficient to meet the additional margin requirements? Our risk monitoring system can place a market square off order to close the position. However, before placing the square off order all pending margin orders in that stock shall be cancelled by our risk monitoring system.
What happens if the limit is insufficient to meet a margin call but there are unallocated clear funds available in the bank account? While making an online check for available additional margin, our system would restrict itself only to the extent of trading limit and would not absorb any amount out of un-allocated funds so as to keep your normal banking operations undisturbed.
It is, therefore, advisable to have adequate surplus funds allocated for trading when you have open margin positions. Can I do anything to safeguard the positions from being closed out?
Yes, you can always allocate additional margin, suo moto, on any open margin position. Since the close-out process is triggered when losses exceed the threshold level and available margin is less than the margin required, having adequate margins can avoid calls for any additional margin in case the market turns unfavorably volatile with respect to your position.
You can add margin to your position by clicking on "Add Margin" on the "Margin Position" page by specifying the margin amount to be allocated further. In case of profit on a margin position or where the Available Margin is in excess of the Margin Required, can I reduce the margin against the position to increase my limit?
Margin though in excess of the requirements cannot be reduced by you. The only way margin is released is by canceling the margin order where margin is blocked against a margin order or by closing out a margin position where margin is blocked against a margin position. Is it compulsory to square off the position within the settlement? It is compulsory to square off all your open positions net of what has already been converted to delivery within the settlement.
What is the stipulated time limit up to which the margin positions need to be compulsorily squared off? The stipulated time for end of settlement process will be displayed on the margin position page of our site on the last day of settlement. Can I do convert my margin position to Delivery Cash segment instead of squaring up the position before the time limit expires?
Yes, you can do so at any time before the stipulated time limit. In case the stock is in No Delivery, Can I have extended period to square up my position?
What happens if I do not square off my position before the stipulated time limit on the last day of the settlement? In such a case, our risk monitoring system shall have the option to place an auto square off order to close out your open position.
What happens if for some reason a margin position remains open at the end of settlement? Our risk monitoring system would square off the position but the onus lies on you to close out all open positions. The registered shareholders of the company are entitled to corporate benefits such as dividend, bonus, rights etc.
Since, the ownership of shares of companies traded on the stock exchange is freely transferable and to enable the company to know the persons entitled to the benefits, all transfers of securities have to be registered with the company this is required in case of transfer of shares in physical form. Since transfer of securities is a continuous process open any time, the company announces cut off dates from time to time and members on the register of shareholders as of these cut off dates are entitled to the benefits.
Such cut-off dates are record dates. Alternatively, the company might choose the close the register of shareholders for registration of transfer during a specified period.
All transfer requests received before the commencement of the book closure or on or before the record date are considered for the purpose of transfer.