As per the latest SEBI circular on KRA Regulations, KYC Registration Agencies (KRA) are responsible for validating clients’ KYC details as per their records before September 2, 2023. If the details are not updated and validated, trading and demat shall be blocked for such accounts. How do I update and validate my KRA details? Updation process: This is usually done […]
Category: Demat Account Queries & Solutions
TradeSmart helps you to get your queries resolved related to demat account such as account opening and more. Visit to read now!
What is DDPI (Demat Debit and Pledge Instruction)?
The SEBI has introduced a circular regarding the execution of Demat Debit and Pledge Instruction (DDPI) which will replace the POA (Power of Attorney). DDPI is an authority a client gives to the broker and to the depository participants for the purposes mentioned below. This is effective from 18th November 2022. For the transfer of shares […]
What is the new mechanism of pledge and re-pledge for collateral?
Current system To get higher exposure you can deposit the cash or use stocks in your demat account as collateral. When a client pledges the share to get extra intraday exposure or overnight position, the shares used to be transferred to the broker’s margin account (from client’s demat account to broker’s demat account for margin […]
Upfront margin collection for cash segment just like derivatives
Latest update of 3rd September 2020: As per the exchange circular, it is decided not levy margin short penalty till 15th Sept, 2020. In derivative segments, collection of upfront margin from clients has been mandated for a long time. Now, SEBI has mandated the brokers to collect and report an upfront margin even for the […]
Uniform Stamp Duty Rates as per Union Budget 2019-20
Central Government has simplified the collection of Stamp Duty process. A uniform Stamp Duty rate shall be charged across the states in stocks, derivatives, currencies and commodities. Collection shall be through Exchanges and Clearing Corporations. Earlier to this, the Stamp Duty was charged at the rate specified by your state government. We as broker used […]
How do I activate my dormant account?
An account is marked as Dormant if it is inactive or remains non-operational by its holder for more than 12 months. To reactivate your dormant account kindly refer to the video or follow the below procedure. Login to BOX back office You can see a popup as shown below. Click on “YES” if you want to […]
How can I modify my bank account online?
As per the regulations, clients have to transfer funds to their trading account only through the registered bank account with us. You can register maximum 3 bank accounts with us at any point of time and transfer funds to us from any of them. However, payments (withdrawal) from us will be made only to the […]
