Zerodha....

[Cogito]

Hi Zerodha

Please explain what are those 2 forms related to bank clearance something in IL&FS form? I know you said it is not needed to be signed, but what are those 2 forms in IL&FS all about?

 

[jyotixxx]

Guys till now my experience with zerodha had been very sweet. One day after i left my phone no in zerodha site, they called me up and asked my requirements and after 5 mins i got form and all by email. I mailed the form and documents which they hav recd today.They said i will get my trading account activated by market opening time tomorrow....thats fabulous....lets c....more feedback tomorrow

 

[startrade]

I couriered my forms on 13th (Monday) and they were received by Zerodha on 14th. Demat account was opened by ILFS on 22-Dec and I received client master from ILFS last week. For some reason Zerodha has been sitting my application since last 2 weeks. Once the demat account has been opened by ILFS, there should not have been any problem in opening trading account. So much for the trading account opening in 1-2 days.

While I wait for Zerodha to open the account, HDFC Sec is charging me brokerage like there is no tomorrow. Today I paid over Rs 2200 as brokerage to HDFC sec, whereas I could have done the same trades at Zerodha for about Rs 120.

 

[Zerodha]

As per my knowledg, present Govt Norm allows only one account at one time for pay in and pay out, or may be one account for pay put. Is it true ?

Hi, You can link as many bank accounts to your trading account as you want... The only exchange rule is that the first holder of the bank account and the trading account has to be the same... The reason most of the brokers map only 1 bank account is because there is an extra effort involved while opening the trading account if there are more than 1 bank accounts to be mapped.. Cheers...

 

[Zerodha]

what about fno open positions....suppose i bought one lot of nifty one week back and carrying the open position...in this case can i sqr off from zerodha trading acct only...or do i hav to from icici demat?

As Savantgarde has put it rightly, the only role of a demat account is to provide a space for the shares bought on delivery to sit after T+2 days( settlement cycle in delivery based trading)...So if you bought shares on monday it will go and sit in your demat account on wednesday evening...
For everything else, trading account is all that you need... for f&o trading(intraday and positional) , intraday trading(equity)...

Cheers..

 

[Zerodha]

Hi Zerodha

Please explain what are those 2 forms related to bank clearance something in IL&FS form? I know you said it is not needed to be signed, but what are those 2 forms in IL&FS all about?

Those 2 forms are for ECS, if it is signed and also attested by the bank then any demat charges gets automatically debited from your bank account...

 

[Zerodha]

I couriered my forms on 13th (Monday) and they were received by Zerodha on 14th. Demat account was opened by ILFS on 22-Dec and I received client master from ILFS last week. For some reason Zerodha has been sitting my application since last 2 weeks. Once the demat account has been opened by ILFS, there should not have been any problem in opening trading account. So much for the trading account opening in 1-2 days.

While I wait for Zerodha to open the account, HDFC Sec is charging me brokerage like there is no tomorrow. Today I paid over Rs 2200 as brokerage to HDFC sec, whereas I could have done the same trades at Zerodha for about Rs 120.

Ideally if you received the dp id on 22nd you should be able to trade on 24th latest...If we have missed something it would be so much better to just shoot a mail rather than not tell about it... I can't make out your name by your traderji id, give us a buzz on 41302020 or [email protected], will make sure your account goes live in 30 mins from when you call us... Sorry about the delay though... Cheers...

 

[startrade]

Ideally if you received the dp id on 22nd you should be able to trade on 24th latest...If we have missed something it would be so much better to just shoot a mail rather than not tell about it... I can't make out your name by your traderji id, give us a buzz on 41302020 or [email protected], will make sure your account goes live in 30 mins from when you call us... Sorry about the delay though... Cheers...

I emailed very late last night. Will call customer support later today. Thanks.

 

[Zerodha]

I emailed very late last night. Will call customer support later today. Thanks.

Hi ,

Just saw your mail, give us half hour you will have the welcome letter and all the passwords...

Cheers..

 

[charts trader]

....suggestion for zerodha sachin- start emini s&p trading and with your intraday margins and brokerage you can give ampfutures and co. a great fight

Yes, like thinkorswim of India ("You shouldn't choose a broker based on commissions alone but, if you insist, we'll take cost right out of the equation") :lol:

NSE is still way behind CBOT. Wish trading off the charts like Ninja Trader or MT4 could have been possible for NSE.