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Zerodha, is it possible to transfer money via NEFT from a different a/c and drop an email while I get refunds on bank linked? Just wondering if it is possible.

Also I've not recieved my a/c details as yet, I've linked sbi demat and forgot to sign ILFS pages, won't drop my name here for some reasons.

Do you accept speed post too as I've to send ILFS form printout again.
Why did you link your SBI demat when you can't use it to sell anything?
 

2021

Active Member
Why did you link your SBI demat when you can't use it to sell anything?
I'm a positional trader/investor and buy shares for a mid to long term view. I'm currently linking my sbi to buy/accumulate at current levels as market is already down to record levels. As I'll sell these shares after a period of time and by then ILFS demat will get open. So I've linked sbi now and will sell from Zerodha's ILFS in future. :)
 

Zerodha

Well-Known Member
Zerodha, is it possible to transfer money via NEFT from a different a/c and drop an email while I get refunds on bank linked? Just wondering if it is possible.

Also I've not recieved my a/c details as yet, I've linked sbi demat and forgot to sign ILFS pages, won't drop my name here for some reasons.

Do you accept speed post too as I've to send ILFS form printout again.
While account opening, you need to link the bank accounts that you intend to use to transfer funds into your trading account by giving cancelled cheques..If you want to link more than 1 account , you can give cancelled cheques from different bank account of yours...

In short, yes you can use NEFT for transferring funds from different bank account of yours as long as you have given cancelled cheque of that account while account opening...

Yes you can send us ILFS form through any medium..
 
I'm a positional trader/investor and buy shares for a mid to long term view. I'm currently linking my sbi to buy/accumulate at current levels as market is already down to record levels. As I'll sell these shares after a period of time and by then ILFS demat will get open. So I've linked sbi now and will sell from Zerodha's ILFS in future. :)
So if you transfer these to ILFS, wont you need to pay a remat fee?
 

2021

Active Member
So if you transfer these to ILFS, wont you need to pay a remat fee?
Rematerialisation is converting shares I've in dp to old certificate form. Here I'm transfering shares from dp to another and there is no beneficial owner change and shares will stay in eletronic form.

I don't know exact charges if any but even if it is applied it'll be less than my current dp's brokerage. Also Zerodha is allowing me to use intraday cash with old dp.

Let me explain my view with an example - as I said I'm an investor/positional trader, if I buy say reliance at 910 for long term BUT intraday I'm getting 915 after charges I'll make 3-4 bucks a share. If it close somewhere around 910 I'll keep it and later when ILFS dp is opened I'll sell on appropriate profits. Charges I'll be paying to my current brokers and zerodha will be as (for 1 reliance share at 910)

Kotak (0.3 del 0.03 intra bothside) del buy 915 appox, selling x+0.3+5 demat charges OR 911 approx buying and x+0.03 selling intraday.

SBI (0.5 del bith sideand .075 intra single side) del buy 917 approx, selling x+0.5+5 demat charges or 0.50 paisa approx per share intra buy+sell

and Zerodha with sbi for time being and ILFS later (so that I can use current market situation as well as utilize time taken by ILFS on opening a/c)

buying del 911 appox, intraday 0.25 per share approx.

You can see I pay 915 and 917 in kotak and sbi for delivery based whereas 911 in Zerodha (since I've opted % slab). If I buy even 10 shares I'll be paying 50-70 rs extra including at time of selling i.e. 100-150 extra! Also if I don't take delivery and only deal in cash I'll be able to square off my position intraday. on 910 I'll be paying around 910.05-910.10 so even a upsurge of couple of rupess can make my bet profitable intraday which in case of old brokers was not so much worthy.

Only negative is ILFS charges 15 bucks as demat charges on selling. Hope Zerodha gets some economical dp. :)
 
Re: Could not login into now software..

Hi zerodhaonline

I got my account opened with Zerodha. Got 3 emails, 2 from Zerodha and 1 from nowonline.

I downloaded NSE NOW and installed, but unable to login, using User ID and changed Password, as mentioned in email from nowonline. It says -

"Login failed. Reason: Api user access denied" ???

Please resolve the issue.

Thanks,
Santosh
 

Zerodha

Well-Known Member
Re: Could not login into now software..

Hi zerodhaonline

I got my account opened with Zerodha. Got 3 emails, 2 from Zerodha and 1 from nowonline.

I downloaded NSE NOW and installed, but unable to login, using User ID and changed Password, as mentioned in email from nowonline. It says -

"Login failed. Reason: Api user access denied" ???

Please resolve the issue.

Thanks,
Santosh
Takes 1 working day for the software to be enabled after you login to nowonline.in...
 
They are offering Rs 20 per Trade. It means once you put the order irrespective of the number of execution taken to complete the trade. They will charge only Rs. 20. Say if u buy 100 Reliance, and your order execute in three parts, it does,nt matter., They will only charge you Rs. 20. So happy trading.

ANALYSIS 1: WITH ZERODHA
Buy Price = 451.00, No Of Share = 1000
Sell Price = 452.00, No Of Share = 1000
Total Turnover = 903000
Brokerage = 40 ( 20 + 20 )
Stt Total = 112.88
Total Trans Charge = 48.76
Stamp Duty = 9.03
Service Tax = 8.88
Education Cess = 0.18
Higher Edu Cess = 0.09

Total Tax and charges = 219.81
Points to Breakeven = 0.22
Net MTM = 780.19 ( PROFIT)


ANALYSIS 2: WITH ANY OTHER CHARGING BROKERAGE .05% PER TRADE
Buy Price = 451.00 No Of Share =1000.00
Sell Price = 452.00 1 No Of Share = 1000.00
Turnover = 903000.00
Brokerage = 451.50
Stt Total = 112.88
Total Tran Charge = 48.76
Stam Duty = 0.00
Stamp Duty = 9.03
Service Tax Calc = 0.10
Service Tax = 50.03
Education Cess = 1.00
Higher Edu Cess = 0.50

Total Tax and charges = 673.69
Points to Breakeven = 0.67
Net MTM 326.31 (PROFIT)


THE CHOICE IS YOURS!
 
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