Zerodha....
- Thread starter bharath.mang
- Start date
- Tags bakwaas now cheapest brokerage nest nest plus new broker zerodha zerodha trader
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You can check the NSE website . They have given all the fee structure for RT Data feed .
http://www.nse-india.com/supra_global/content/dotex/data_products.htm
http://www.nse-india.com/supra_global/content/dotex/data_products.htm
Close to 55 lakhs per year for NSE for first year, plus 300 per user per exchange segment monthly.
From second year onwards its about 25 lakhs per year, plus 300 per user per segment per month.
PLUS, around 75 lakhs for Data Centre charges and bandwith expenses. Add another 15 lakhs for Vendors hardware, and around 20 lakhs per year more for qualified team of engineers to run the same.
All in all , a very money intensive venture, with NO guarentee of the user renewing subscription, as usually, clients do not renew for more than 3 months, before they quit trading. Only about 15 % of clients are retained beyond 6 months.
The last para has facts that have been verified by a legal vendor.
So,m even after this investment, you are CONSTANTLY looking for customers, whereas, by investing this money in some other business, you have at least some chance, that over a period of a few years, you build up a loyal clientile that comes to you at regular intervals for either your goods or services.
From second year onwards its about 25 lakhs per year, plus 300 per user per segment per month.
PLUS, around 75 lakhs for Data Centre charges and bandwith expenses. Add another 15 lakhs for Vendors hardware, and around 20 lakhs per year more for qualified team of engineers to run the same.
All in all , a very money intensive venture, with NO guarentee of the user renewing subscription, as usually, clients do not renew for more than 3 months, before they quit trading. Only about 15 % of clients are retained beyond 6 months.
The last para has facts that have been verified by a legal vendor.
So,m even after this investment, you are CONSTANTLY looking for customers, whereas, by investing this money in some other business, you have at least some chance, that over a period of a few years, you build up a loyal clientile that comes to you at regular intervals for either your goods or services.
When Zerodha started th revolution in brokerage, the question was not why zerodha is charging so less, the correct one is why others are charging so high, especialy per lot, when thw same system and hardware is isued it should be per trade.
Now that we have a low brokerage, the tax remaining same(more precisely the high tax is as certain as shall I say loss in day trading), it is time for a new exchange to offer the rational charges, and data charge. can't blame the data vendor,
For starters the new exchange can offer only, few scripts, like zerdha started. zerodha listeneing
Now that we have a low brokerage, the tax remaining same(more precisely the high tax is as certain as shall I say loss in day trading), it is time for a new exchange to offer the rational charges, and data charge. can't blame the data vendor,
For starters the new exchange can offer only, few scripts, like zerdha started. zerodha listeneing
Dear members,
I need your help and guidance regarding two different concerns of mine of same nature. I have been thinking of asking these queries for a long time in the forum but did not ask because of my "kaam toh chal raha hai mentality". You will understand what I mean by it by reading my whole comment.
Questions are related to the two bank accounts of mine: one with the Axis Bank and the other one with the SBI the most horrible and jahil bank.
My issue is I want to change my Axis bank branch address. Currently the branch I have account with is 7 Km away from my home. I want it to get transfer to the branch that opened recently near my home. But my Zerodha account, mutual funds etc. are linked with this Axis bank branch. Also my stocks and mutual fund dividends etc. come directly in this Axis bank account.
Therefore I want to know from the well-informed and helpful members of the forum. Will the Axis bank branch address change affect me, Zerodha, mutual funds companies and other things linked to it in any way? What steps should I take before requesting the bank to change the branch address. Can it create any problem for me in future? Please guide me, tell me everything about it.
Secondly query regarding SBI is slightly different, but of same nature.
With SBI I intend to close the account all together. I have had enough of their dheela dhalapan and their computer illiterate mastikhor duffer lazy-bum staff. It is The most pain giving, frustrating, jahalat-fliled bank ever. Don't ask me why..
But if I tolerated them so far and I have not closed the account with them, it is because of the same earlier mentioned reasons: The account is liked with my local broker, legacy financial matters, insurance, mutual funds & stock dividends get directly credited in it etc.
So the question is if I go ahead and close my SBI account then what will happen to my concerns which I have just described as reasons (in above para) for not closing the account? What I have to do/need to ensure my financial related things continue to work as they were working with new or other bank account after the closure of SBI account? I want things to be smooth and problem free. Have no time for locha.
Wish there was something like bank account number portability. What are you doing RBI? Huh.
As an aside, I think your replies to my queries can/will help not only me but other members also; not to mention those as well who will come to this thread through Google search. Saying this only for the benefit of the uninitiated, not for buttering or to evince responses.
Thanks for reading this longish post and your replies.
I need your help and guidance regarding two different concerns of mine of same nature. I have been thinking of asking these queries for a long time in the forum but did not ask because of my "kaam toh chal raha hai mentality". You will understand what I mean by it by reading my whole comment.
Questions are related to the two bank accounts of mine: one with the Axis Bank and the other one with the SBI the most horrible and jahil bank.
My issue is I want to change my Axis bank branch address. Currently the branch I have account with is 7 Km away from my home. I want it to get transfer to the branch that opened recently near my home. But my Zerodha account, mutual funds etc. are linked with this Axis bank branch. Also my stocks and mutual fund dividends etc. come directly in this Axis bank account.
Therefore I want to know from the well-informed and helpful members of the forum. Will the Axis bank branch address change affect me, Zerodha, mutual funds companies and other things linked to it in any way? What steps should I take before requesting the bank to change the branch address. Can it create any problem for me in future? Please guide me, tell me everything about it.
Secondly query regarding SBI is slightly different, but of same nature.
With SBI I intend to close the account all together. I have had enough of their dheela dhalapan and their computer illiterate mastikhor duffer lazy-bum staff. It is The most pain giving, frustrating, jahalat-fliled bank ever. Don't ask me why..
But if I tolerated them so far and I have not closed the account with them, it is because of the same earlier mentioned reasons: The account is liked with my local broker, legacy financial matters, insurance, mutual funds & stock dividends get directly credited in it etc.
So the question is if I go ahead and close my SBI account then what will happen to my concerns which I have just described as reasons (in above para) for not closing the account? What I have to do/need to ensure my financial related things continue to work as they were working with new or other bank account after the closure of SBI account? I want things to be smooth and problem free. Have no time for locha.
Wish there was something like bank account number portability. What are you doing RBI? Huh.
As an aside, I think your replies to my queries can/will help not only me but other members also; not to mention those as well who will come to this thread through Google search. Saying this only for the benefit of the uninitiated, not for buttering or to evince responses.
Thanks for reading this longish post and your replies.
Dear members,
I need your help and guidance regarding two different concerns of mine of same nature. I have been thinking of asking these queries for a long time in the forum but did not ask because of my "kaam toh chal raha hai mentality". You will understand what I mean by it by reading my whole comment.
Questions are related to the two bank accounts of mine: one with the Axis Bank and the other one with the SBI the most horrible and jahil bank.
My issue is I want to change my Axis bank branch address. Currently the branch I have account with is 7 Km away from my home. I want it to get transfer to the branch that opened recently near my home. But my Zerodha account, mutual funds etc. are linked with this Axis bank branch. Also my stocks and mutual fund dividends etc. come directly in this Axis bank account.
Therefore I want to know from the well-informed and helpful members of the forum. Will the Axis bank branch address change affect me, Zerodha, mutual funds companies and other things linked to it in any way? What steps should I take before requesting the bank to change the branch address. Can it create any problem for me in future? Please guide me, tell me everything about it.
Secondly query regarding SBI is slightly different, but of same nature.
With SBI I intend to close the account all together. I have had enough of their dheela dhalapan and their computer illiterate mastikhor duffer lazy-bum staff. It is The most pain giving, frustrating, jahalat-fliled bank ever. Don't ask me why..
But if I tolerated them so far and I have not closed the account with them, it is because of the same earlier mentioned reasons: The account is liked with my local broker, legacy financial matters, insurance, mutual funds & stock dividends get directly credited in it etc.
So the question is if I go ahead and close my SBI account then what will happen to my concerns which I have just described as reasons (in above para) for not closing the account? What I have to do/need to ensure my financial related things continue to work as they were working with new or other bank account after the closure of SBI account? I want things to be smooth and problem free. Have no time for locha.
Wish there was something like bank account number portability. What are you doing RBI? Huh.
As an aside, I think your replies to my queries can/will help not only me but other members also; not to mention those as well who will come to this thread through Google search. Saying this only for the benefit of the uninitiated, not for buttering or to evince responses.
Thanks for reading this longish post and your replies.
I need your help and guidance regarding two different concerns of mine of same nature. I have been thinking of asking these queries for a long time in the forum but did not ask because of my "kaam toh chal raha hai mentality". You will understand what I mean by it by reading my whole comment.
Questions are related to the two bank accounts of mine: one with the Axis Bank and the other one with the SBI the most horrible and jahil bank.
My issue is I want to change my Axis bank branch address. Currently the branch I have account with is 7 Km away from my home. I want it to get transfer to the branch that opened recently near my home. But my Zerodha account, mutual funds etc. are linked with this Axis bank branch. Also my stocks and mutual fund dividends etc. come directly in this Axis bank account.
Therefore I want to know from the well-informed and helpful members of the forum. Will the Axis bank branch address change affect me, Zerodha, mutual funds companies and other things linked to it in any way? What steps should I take before requesting the bank to change the branch address. Can it create any problem for me in future? Please guide me, tell me everything about it.
Secondly query regarding SBI is slightly different, but of same nature.
With SBI I intend to close the account all together. I have had enough of their dheela dhalapan and their computer illiterate mastikhor duffer lazy-bum staff. It is The most pain giving, frustrating, jahalat-fliled bank ever. Don't ask me why..
But if I tolerated them so far and I have not closed the account with them, it is because of the same earlier mentioned reasons: The account is liked with my local broker, legacy financial matters, insurance, mutual funds & stock dividends get directly credited in it etc.
So the question is if I go ahead and close my SBI account then what will happen to my concerns which I have just described as reasons (in above para) for not closing the account? What I have to do/need to ensure my financial related things continue to work as they were working with new or other bank account after the closure of SBI account? I want things to be smooth and problem free. Have no time for locha.
Wish there was something like bank account number portability. What are you doing RBI? Huh.
As an aside, I think your replies to my queries can/will help not only me but other members also; not to mention those as well who will come to this thread through Google search. Saying this only for the benefit of the uninitiated, not for buttering or to evince responses.
Thanks for reading this longish post and your replies.
Dear members,
I need your help and guidance regarding two different concerns of mine of same nature. I have been thinking of asking these queries for a long time in the forum but did not ask because of my "kaam toh chal raha hai mentality". You will understand what I mean by it by reading my whole comment.
Questions are related to the two bank accounts of mine: one with the Axis Bank and the other one with the SBI the most horrible and jahil bank.
My issue is I want to change my Axis bank branch address. Currently the branch I have account with is 7 Km away from my home. I want it to get transfer to the branch that opened recently near my home. But my Zerodha account, mutual funds etc. are linked with this Axis bank branch. Also my stocks and mutual fund dividends etc. come directly in this Axis bank account.
Therefore I want to know from the well-informed and helpful members of the forum. Will the Axis bank branch address change affect me, Zerodha, mutual funds companies and other things linked to it in any way? What steps should I take before requesting the bank to change the branch address. Can it create any problem for me in future? Please guide me, tell me everything about it.
Secondly query regarding SBI is slightly different, but of same nature.
With SBI I intend to close the account all together. I have had enough of their dheela dhalapan and their computer illiterate mastikhor duffer lazy-bum staff. It is The most pain giving, frustrating, jahalat-fliled bank ever. Don't ask me why..
But if I tolerated them so far and I have not closed the account with them, it is because of the same earlier mentioned reasons: The account is liked with my local broker, legacy financial matters, insurance, mutual funds & stock dividends get directly credited in it etc.
So the question is if I go ahead and close my SBI account then what will happen to my concerns which I have just described as reasons (in above para) for not closing the account? What I have to do/need to ensure my financial related things continue to work as they were working with new or other bank account after the closure of SBI account? I want things to be smooth and problem free. Have no time for locha.
Wish there was something like bank account number portability. What are you doing RBI? Huh.
As an aside, I think your replies to my queries can/will help not only me but other members also; not to mention those as well who will come to this thread through Google search. Saying this only for the benefit of the uninitiated, not for buttering or to evince responses.
Thanks for reading this longish post and your replies.
I need your help and guidance regarding two different concerns of mine of same nature. I have been thinking of asking these queries for a long time in the forum but did not ask because of my "kaam toh chal raha hai mentality". You will understand what I mean by it by reading my whole comment.
Questions are related to the two bank accounts of mine: one with the Axis Bank and the other one with the SBI the most horrible and jahil bank.
My issue is I want to change my Axis bank branch address. Currently the branch I have account with is 7 Km away from my home. I want it to get transfer to the branch that opened recently near my home. But my Zerodha account, mutual funds etc. are linked with this Axis bank branch. Also my stocks and mutual fund dividends etc. come directly in this Axis bank account.
Therefore I want to know from the well-informed and helpful members of the forum. Will the Axis bank branch address change affect me, Zerodha, mutual funds companies and other things linked to it in any way? What steps should I take before requesting the bank to change the branch address. Can it create any problem for me in future? Please guide me, tell me everything about it.
Secondly query regarding SBI is slightly different, but of same nature.
With SBI I intend to close the account all together. I have had enough of their dheela dhalapan and their computer illiterate mastikhor duffer lazy-bum staff. It is The most pain giving, frustrating, jahalat-fliled bank ever. Don't ask me why..
But if I tolerated them so far and I have not closed the account with them, it is because of the same earlier mentioned reasons: The account is liked with my local broker, legacy financial matters, insurance, mutual funds & stock dividends get directly credited in it etc.
So the question is if I go ahead and close my SBI account then what will happen to my concerns which I have just described as reasons (in above para) for not closing the account? What I have to do/need to ensure my financial related things continue to work as they were working with new or other bank account after the closure of SBI account? I want things to be smooth and problem free. Have no time for locha.
Wish there was something like bank account number portability. What are you doing RBI? Huh.
As an aside, I think your replies to my queries can/will help not only me but other members also; not to mention those as well who will come to this thread through Google search. Saying this only for the benefit of the uninitiated, not for buttering or to evince responses.
Thanks for reading this longish post and your replies.
1. Firstly, have internet banking facility for both the accounts. Most of the
things can be done from home, without even visiting the bank/s.
2. Now almost all the banks offer you the facility of transacting from any of
their branches without any charges. As such, you can go to the HDFC bank
nearer to you, deposit your cheques or withdraw cash. It's like you have the
account in that branch itself. For them, the account number is unique and
the account number contains the details of the branch etc. So, you can
transact from the nearest branch, without having to transfer the account.
3. Keep your HDFC account as the major operational account. Since you have
internet banking facility with SBI, keep transferring the funds from SBI to HDFC
via NEFT (which is free upto 1 lakh now and which is going to be free for any
amount in a short while) and withdraw from HDFC. The NEFT transfer takes
about 2-4 hours. You can transfer in the morning and draw through ATM by
evening.
4. With internet banking, you don't have to face the computer-illiterate
employees anymore, and you are saved of that irritation!
--
On last Saturday I visited my bank after a period of one year, thanks to the
debit card and internet banking!
Hope this helps.
Dear members,
I need your help and guidance regarding two different concerns of mine of same nature. I have been thinking of asking these queries for a long time in the forum but did not ask because of my "kaam toh chal raha hai mentality". You will understand what I mean by it by reading my whole comment.
Questions are related to the two bank accounts of mine: one with the Axis Bank and the other one with the SBI the most horrible and jahil bank.
My issue is I want to change my Axis bank branch address. Currently the branch I have account with is 7 Km away from my home. I want it to get transfer to the branch that opened recently near my home. But my Zerodha account, mutual funds etc. are linked with this Axis bank branch. Also my stocks and mutual fund dividends etc. come directly in this Axis bank account.
Therefore I want to know from the well-informed and helpful members of the forum. Will the Axis bank branch address change affect me, Zerodha, mutual funds companies and other things linked to it in any way? What steps should I take before requesting the bank to change the branch address. Can it create any problem for me in future? Please guide me, tell me everything about it.
Secondly query regarding SBI is slightly different, but of same nature.
With SBI I intend to close the account all together. I have had enough of their dheela dhalapan and their computer illiterate mastikhor duffer lazy-bum staff. It is The most pain giving, frustrating, jahalat-fliled bank ever. Don't ask me why..
But if I tolerated them so far and I have not closed the account with them, it is because of the same earlier mentioned reasons: The account is liked with my local broker, legacy financial matters, insurance, mutual funds & stock dividends get directly credited in it etc.
So the question is if I go ahead and close my SBI account then what will happen to my concerns which I have just described as reasons (in above para) for not closing the account? What I have to do/need to ensure my financial related things continue to work as they were working with new or other bank account after the closure of SBI account? I want things to be smooth and problem free. Have no time for locha.
Wish there was something like bank account number portability. What are you doing RBI? Huh.
As an aside, I think your replies to my queries can/will help not only me but other members also; not to mention those as well who will come to this thread through Google search. Saying this only for the benefit of the uninitiated, not for buttering or to evince responses.
Thanks for reading this longish post and your replies.
I need your help and guidance regarding two different concerns of mine of same nature. I have been thinking of asking these queries for a long time in the forum but did not ask because of my "kaam toh chal raha hai mentality". You will understand what I mean by it by reading my whole comment.
Questions are related to the two bank accounts of mine: one with the Axis Bank and the other one with the SBI the most horrible and jahil bank.
My issue is I want to change my Axis bank branch address. Currently the branch I have account with is 7 Km away from my home. I want it to get transfer to the branch that opened recently near my home. But my Zerodha account, mutual funds etc. are linked with this Axis bank branch. Also my stocks and mutual fund dividends etc. come directly in this Axis bank account.
Therefore I want to know from the well-informed and helpful members of the forum. Will the Axis bank branch address change affect me, Zerodha, mutual funds companies and other things linked to it in any way? What steps should I take before requesting the bank to change the branch address. Can it create any problem for me in future? Please guide me, tell me everything about it.
Secondly query regarding SBI is slightly different, but of same nature.
With SBI I intend to close the account all together. I have had enough of their dheela dhalapan and their computer illiterate mastikhor duffer lazy-bum staff. It is The most pain giving, frustrating, jahalat-fliled bank ever. Don't ask me why..
But if I tolerated them so far and I have not closed the account with them, it is because of the same earlier mentioned reasons: The account is liked with my local broker, legacy financial matters, insurance, mutual funds & stock dividends get directly credited in it etc.
So the question is if I go ahead and close my SBI account then what will happen to my concerns which I have just described as reasons (in above para) for not closing the account? What I have to do/need to ensure my financial related things continue to work as they were working with new or other bank account after the closure of SBI account? I want things to be smooth and problem free. Have no time for locha.
Wish there was something like bank account number portability. What are you doing RBI? Huh.
As an aside, I think your replies to my queries can/will help not only me but other members also; not to mention those as well who will come to this thread through Google search. Saying this only for the benefit of the uninitiated, not for buttering or to evince responses.
Thanks for reading this longish post and your replies.
But the IFSC code and MICR code may change.
And those things are recorded at Zerodha end when you have a given a Cancelled blank cheque to them at account opening.
So I guess these info needs to be updated.
Even if from Zerodha sends a money transfer with correct account number and wrong IFSC/MICR code the money will still find your way to your account.
But it is better to update.
So during the migration you should not do any money transfer to and fro between Zerodha and bank account.
Also the last time I checked during the migration the bank may not allow you to withdraw any cash from your debit account.
So check all these things and plan accordingly.
Lastly You most likely do not need a branch change at all.Do all your work online and do not visit the branch and get tortured.
And if I were you I would not close the SBI account and it is just too much hassle.
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