Our Trading Procedure
- Opening a Broker account by filling up the KYC ( Know Your Customer ) form.
- Opening a Demat account along with mero share, if you don’t have one. ( opening Demat with us is more preferable as it minimizes any future hassles ) Need a PP photo & a photocopy of Citizenship along with each form.
- For online trading, need to fill up an additional online trading request form along with,
- Bank cheques given to us for security collateral.
- DIS ( Deposit Instruction Slip ) cheque.
- Photocopy of Citizenship.
Notes: The above-mentioned forms once submitted usually takes 1-2 business days to process.
For Buying Securities/Shares
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- – Margin Money to be deposited as an advance payment
- – Invoices/Bills are normally issued on the same day and total payment to be made in next two days through Account Payee Cheque
- – Shares will be transferred to buyer’s BOID (DEMAT Account) after all payment dues are cleared.
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For Selling Securities/Shares
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- – Debit Instruction Slip (DIS) or online EDIS to be submitted by next day of transaction for clearing
- – 20% amount as a penalty ( Close Out) of the transaction amount will be applicable if DIS could not be cleared on time by the seller
- – For payments, Account Payee Cheques are issued from 4t.
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