Hi PGD,
Typically, when your money is sitting idle, it is sitting in the NSE client account!!! According to NSE regulations, money can be transferred only from client account to NSE client account and vice versa, we have no right to transfer your funds to any other account..... Zerodha Commodities would be a separate company all together and how can we transfer your money from Zerodha equities to commodities.....
Few brokers let you do this!!! How do they do it??? Firstly they are not being compliant to both NSE and MCX rules!!! How they do it is, if there is any mtm loss or margin requirments!!! They make a dd on your behalf in favor of the commodities account and in turn deposit to the commodity account!!!! No one tells you this, but would you want these things to happen in your account without your knowledge??? This is the only way to do this and no other possible way of giving margins in both equity and commodity accounts with a single account either for equity or commodity!!!! None of the established brokers give it today!!!
Our whole business revolves around the fact that we are compliant to all the rules and want to do the business neat and clean... We are going to give you the best trading environment, both in terms of cost and performance, but would never go against regulations to gain some quick business....
The relationship we have with our clients is long term and for any long term partnership, it is very important to think about the long term losses and problems that may come up rather than think about near term gain by going against rules....
Cheers...
Typically, when your money is sitting idle, it is sitting in the NSE client account!!! According to NSE regulations, money can be transferred only from client account to NSE client account and vice versa, we have no right to transfer your funds to any other account..... Zerodha Commodities would be a separate company all together and how can we transfer your money from Zerodha equities to commodities.....
Few brokers let you do this!!! How do they do it??? Firstly they are not being compliant to both NSE and MCX rules!!! How they do it is, if there is any mtm loss or margin requirments!!! They make a dd on your behalf in favor of the commodities account and in turn deposit to the commodity account!!!! No one tells you this, but would you want these things to happen in your account without your knowledge??? This is the only way to do this and no other possible way of giving margins in both equity and commodity accounts with a single account either for equity or commodity!!!! None of the established brokers give it today!!!
Our whole business revolves around the fact that we are compliant to all the rules and want to do the business neat and clean... We are going to give you the best trading environment, both in terms of cost and performance, but would never go against regulations to gain some quick business....
The relationship we have with our clients is long term and for any long term partnership, it is very important to think about the long term losses and problems that may come up rather than think about near term gain by going against rules....
Cheers...
