Zerodha - Number One Discount Broker in India

[Zerodha]

I have also received similar e mail.
At first, IL&FS send me the client master record,on which it was clearly written that i am not assigned to POA. Then zerodha send me the client master sheet that showed that i am assigned to POA.After that IL&FS also send me another client master sheet that i am assigned to POA to zerodha.Although now-a-days every broker is asking for POA though it is not mandatory. By the by, how can i clarify my exact position of POA?

* What does the email mean?

When a Demat account is opened, we get a PoA signed by the client. The PoA has certain Pool Account numbers mentioned therein. These Pool accounts are accounts to which the client stocks are moved in case any client sells stock.

For eg: IN300095-11496000 is our NSE pool account. If a client sells stock in NSE, the stock he has sold is debited from his Demat account and is moved to the NSE Pool account. Likewise for BSE/MCX SX.

* Why do we have 6 Pool Accounts? 3 Exchanges (NSE,BSE,MCX SX) * 2 Pool Accounts each(NSDL,CDSL).

* Why was this email sent?

Assuming a client has opened his demat account in 2011 (the time when Zerodha did not have a membership at BSE,MCX SX), the Pool accounts of BSE and MCX SX would not have been updated in the PoA. This email was to inform the clients that since subsequently Zerodha obtained a membership at BSE and MCX SX and created new pool accounts, the same pool accounts will now be considered a part of PoA. So if a client sells stock in BSE/MCX SX, we can debit the shares and move it into BSE/MCX SX Pool accounts (provided he has the segment active).

* What is the Ben account?

Zerodha provides margin against stocks. This margin is provided by IL&FS and hence the stocks are required to be pledged with IL&FS. IL&FS does not directly take stocks of clients. The stocks will have to be routed through ZERODHA's BEN ACCOUNT to IL&FS.

This email was for your information only.. Sorry for the fact that it sounded technical.. Hopefully this should clarify

 

[Zerodha]

F&O trading commencing on Apollo Hospitals and M&M financials from Dec 27th 2013. First on Zerodha Circulars!http://zerodha.com/marketintel/Circulars/

 

[SRK009]

Hi Zerodha,

seriously there is something wrong with the backoffice.... I see some extra trades in the backoffice - 60 day challenge for a future date - 26/12/2013.

please find the attached screenshot...

 

[LivetoTrade]

Hi Zerodha,

seriously there is something wrong with the backoffice.... I see some extra trades in the backoffice - 60 day challenge for a future date - 26/12/2013.

please find the attached screenshot...

26/12/2013 : Current contract expiry date

 

[SRK009]

Thanks LivetoTrade. But the second column I am pointing to is the "Trade Date" column and not the expiry.
Another thing is I have not traded these stocks at all in first place and not sure from where its coming...

 

[SRK009]

26/12/2013 : Current contract expiry date

Thanks LivetoTrade. But the second column I am pointing to is the "Trade Date" column and not the expiry.
Another thing is I have not traded these stocks at all in first place and not sure from where its coming...

 

[pravkshp]

@zerodha

Strides arcolabs announced the special dividend Rs.500/Sh and the record date is 10 dec 2013 that's today itself...those who buy now will they be eligible for the spl dividend announced??

My assumption is NO


I think u ppl need to display on ur site regarding the outcoming dividend paying co's.....SMC has that feature on their website..that would really help ur clients

Actually the record date for the special dividend announced by Strides Arcolab is 20th Dec 2013 and the Ex-dividend date is 19th Dec 2013, so you will be eligible for dividend even if you purchase on 18th Dec. Now if you already have the shares in your demat account as on the record date of 20-12-13, dividend will be credited directly to your bank account registered with the demat account. If in case you purchase the shares on 18-12-13 then your shares will be with the BEN(beneficiary account)/Pool account of the broker who will recieve the dividend on your behalf and then it will be credited to your trading account by the broker as far as I know. I think Zerodha can clarify whether I am right or wrong. Also note that the date of payment of dividend is 27th Dec 2013.

http://nseindia.com/corporates/corp...orpAnnouncements&radio_btn=company&param=STAR

 

[Vertigo_1985]

ZT not working...whats happening ??

 

[Gandhar.]

ZT not working...whats happening ??

working for me

 

[akhill]

regret for opting to ZT