(For non-custodial settled trading accounts)
Your trading account has a "Unique Client Code" (UCC), different from your demat account number. Do not allow anyone, including your own stock broker, their representatives, or dealers, to trade in your account without taking specific instructions from you. Do not share your internet or mobile trading login credentials with anyone else.
You are required to place collaterals as margins with the stock broker before you trade. The collateral can be in the form of funds transfer into specified stock broker bank accounts or margin pledge of securities from your demat account. The bank accounts are listed on the stock broker website. Do not transfer funds into any other account. The stock broker is not permitted to accept any cash from you.
The stock broker's Risk Management Policy provides details about how trading limits will be given to you, and the tariff sheet provides the charges that the stock broker will levy on you.
All securities purchased by you will be transferred to your demat account within one working day of the payout. In case securities are purchased but not fully paid by you, the transfer may be subject to a limited period pledge, namely seven trading days after the pay-out, also referred to as CUSPA pledge, created in favor of the stock broker. You can view your demat account balances directly at the website of the Depositories after creating a login.
The stock broker is obligated to deposit all funds received from you with the Clearing Corporations duly allocated in your name. The stock broker is further mandated to return excess funds as per applicable norms to you at the time of quarterly or monthly settlement. You can view the amounts allocated to you directly at the website of the Clearing Corporation or Corporations.
You will get a contract note from the stock broker within 24 hours of the trade.
You may give a one-time Demat Debit and Pledge Instruction, or DDPI, authority to your stock broker for limited access to your demat account, including transferring securities that are sold in your account for pay-in.
The stock broker is expected to know your financial status and monitor your accounts accordingly. Do share all financial information such as income and net worth with the stock broker as and when requested. Kindly also keep your email ID and mobile phone details with the stock broker always updated.
In case of disputes with the stock broker, you can raise a grievance on the dedicated investor grievance ID of the stock broker. You can also approach the stock exchanges and or SEBI directly.
Any assured, guaranteed, or fixed returns schemes, or any other schemes of similar nature, are prohibited by law. You will not have any protection or recourse from SEBI or stock exchanges for participation in such schemes.