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Zerodha

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Hi Zerodha,

One query. About Rolling account settlement.
Are you also forcing clients to clear their accounts every 3 months as required by sebi, or do you have a workaround?

It is really frustrating to wake up one fine morning and have your account showing zero balance and a cheque in the mail. The routine gets disturbed by a MINIMUM of 10 to 12 days.
Hi, The workaround is already there.. We might have to do it once a year, but even if we do it then, our fund withdrawals will all be online... We will do it on a friday, so you have funds same evening and you can transfer it back on saturday and be ready for trading on monday... Cheers...
 
Hi, The workaround is already there.. We might have to do it once a year, but even if we do it then, our fund withdrawals will all be online... We will do it on a friday, so you have funds same evening and you can transfer it back on saturday and be ready for trading on monday... Cheers...
Is it mandatory every quarter, or once a year. Previously it was once a year, now its quarterly I think. Can you confirm?
 

Zerodha

Well-Known Member
Is it mandatory every quarter, or once a year. Previously it was once a year, now its quarterly I think. Can you confirm?
Before it was not mandatory even once a year, accounts which were opened before october, will have the mandatory once a quarter settlement.. The workaround is the running account authorization letter being collected by all brokers, having this letter we can get away by doing it once every year... Cheers...
 
Before it was not mandatory even once a year, accounts which were opened before october, will have the mandatory once a quarter settlement.. The workaround is the running account authorization letter being collected by all brokers, having this letter we can get away by doing it once every year... Cheers...
Thanks for being patient with my queries.
The Authorization letter has only 2 options.... settlement every month, or settlement every quarter. Hence my query. Can you provide a link to any SEBI website where I could see if its once a quarter or it can be done once a year. I tried looking, but could not find it.

Thanks for answering my queries.
I have been a silent spectator of this thread for a long time now, and am happy to see someone who takes the time and effort to answer even small queries, sometimes many times, to different people.

Frankly, though I may not open an account right now, if I ramp up my quantity, your company would be my first choice. Also, one hindering is that NOW does not allow multiple instances running on the same machine, which is imperative for my operations.
 

Raju

Well-Known Member
Zerodha/Sachin,

U'r service seems to be quiet good.I had sent a form to u'r firm on Saturday...

Monday -
Courier has reached Zerodha's u'r office - This was a call I received - Great u acknwledge - Good Man !!

Tuesday -
ILFS people call up and get my appointment for In-Person appointment.
-Good !!

Wednesday -
ILFS - In-Person ...done...Excellent !!

U'r service indeed is worth praising ...
Hoping to get my account activated very soon and enjoy trading ...


BMA wealth creators true story -
I had applied for account with BMA ..Those people lose my forms/Cancelled cheque/Yearly charge cheque - Good !!

The person who takes my forms goes on vacation and does not intimate anybody in their office so I had to wait till he joins back.When he joins he says he has lost it - Wow !!

Their operations manager does not care.Head Office say I should talk to Branch..they can't help - Good !!


Thanks Sachin,
Keep it up...

Raju
 
Hi Guys,
Could one of the veterans suggest a good,stable and reliable minute-by-minute ticker plugin for Amibroker? I was going through NimbleDataPro's website and it seemed pretty ok. If any of you guys have had any experience with them(good/bad), do let me know. I know this may not be the right thread but I had read a few posts about intraday data feeds some pages before this one.
Charting facility is pretty basic in NOW software version. I was relying on RKGlobal's Diet ODIN for charts but frequent crashes and disconnections apart, one cannot have more than 4 charts open at a given point of time, which effectively rules out Diet ODIN for any serious, hasslefree intraday charting.
I believe NimbleDataPro have live feeds for Nifty Futures and Options as well.
Guess opting for a trial version would help me guage the product better.

Looking forward to some valuable inputs.

Thanks in advance
 

columbus

Well-Known Member
Zerodha/Sachin,

U'r service seems to be quiet good.I had sent a form to u'r firm on Saturday...

Monday -
Courier has reached Zerodha's u'r office - This was a call I received - Great u acknwledge - Good Man !!

Tuesday -
ILFS people call up and get my appointment for In-Person appointment.
-Good !!

Wednesday -
ILFS - In-Person ...done...Excellent !!

U'r service indeed is worth praising ...
Hoping to get my account activated very soon and enjoy trading ...

Raju

Though I can go thru' the entire thread, What ILFS has to do with Zerodha?
 

murthymsr

Well-Known Member
Though I can go thru' the entire thread, What ILFS has to do with Zerodha?
Zerodha has a tie-up with ILFS to provide demat services for trading accounts opened with them.
 
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