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, and dealers) to trade in your account without specific instructions from you. Do not share your internet or mobile trading login credentials with anyone.
- You are required to place collaterals as margins with the stock broker before trading. The collateral can be in the form of funds transferred to specified stock broker bank accounts or margin pledge of securities from your demat account. The official bank accounts are listed on the broker’s website. Do not transfer funds elsewhere. Stock brokers are not permitted to accept cash.
- The stock broker’s Risk Management Policy outlines how trading limits are assigned, and the tariff sheet specifies applicable charges.
- All securities purchased by you will be transferred to your demat account within one working day of payout. In case of securities purchased but not fully paid, transfer may be subject to a limited-period pledge (i.e., seven trading days after the payout, called CUSPA pledge) in favor of the stock broker. You can view your demat balances directly on the Depository’s website after creating a login.
- The stock broker must deposit all funds received from you with any of the Clearing Corporations duly allocated in your name. Excess funds must be returned as per norms at the time of quarterly or monthly settlement. You can view your allocated amounts directly on the Clearing Corporation website(s).
- You will receive a contract note from the stock broker within 24 hours of each trade.
- You may provide a one-time Demat Debit and Pledge Instruction (DDPI) authority to your stock broker for limited access to your demat account, including transferring sold securities for pay-in.
- The stock broker must know your financial status and monitor your accounts accordingly. Share all requested financial details (e.g., income, net worth) and keep your email ID and mobile number updated with the broker.
- In case of disputes, raise a grievance using the broker’s dedicated investor grievance ID. You may also approach the stock exchanges and/or SEBI directly.
- Any assured, guaranteed, or fixed return schemes or similar arrangements are prohibited by law. Participation in such schemes is not protected by SEBI or stock exchanges.
