Zerodha....

[megapixel]

The ILFS has charged 2% penalty on the due amount - which is 71 rupees. ILFS kept emailing me AMC bills but not once did it try to get in touch with me by phone to inform me about the due amount and penalty.

hmm ...I too have an unexplained due of 70.23 Rs of previous month ...it seems they charging penalty silently !!! .....

SEBI must make it mandatory for every financial companies to inform their customers about ANY due amounts at-least by email and SMS. They take us for granted because they know we have signed their documents so they have no responsibility. They keep no scope for slippage, misunderstanding and like that.

I'm grossly unhappy with ILFS business and loosing faith.

Zerodha , please hear our grievances ... Please try to clear out this mess and bring transparency.

Please talk to them ....and find a solution if there is any misunderstanding occurred between you and ILFS ....

When you call ILFS..you ask them to do these things....

(i)clear all due debit charges in the bill for all Zerodha customer's because Zerodha paid bills regularly.
(ii)clear interest charges levied to Zerodha customers.
(iii)Zerodha will pay AMC charge from their customer's ledger balance (just send SMS and EMAIL to your customers to inform AMC payment )....we have no problem if you cut AMC charge from our ledger. Just make sure that it has been paid in time.
(iv)ILFS to send a fresh/revised bill to all Zerodha customers .

This will remove a lot of cloud from our head ... ...happy trading.

 

[a1b1trader]

Hi friends
I shall be thankful if someone please tell me how to check the margin status (margin balance) in NOW

 

[mkbsiva]

Hi friends
I shall be thankful if someone please tell me how to check the margin status (margin balance) in NOW

press Crtl+Shift+V

and double click on ur user id.

 

[Trader J]

REPOSTING

Dear Zerodha,

If some one withdraw all the money from account (Zero Balance) , and he/she has Demat account running with no holding, than how you recover the annual charges for Demat account ? What is the NSDL guidelines ?

I have trading and Demat account with another broker, which I have closed 2 years back, but now I received AMC Bills, they told me that they close trading account and Demat account still open. Please reply, what they will do if I will not pay them. Thanks

 

[Zerodha]

Zerodha,

I am looking for opening a New trading account. Would like to know the following details about Trading Account with Zerodha.

1) Am only looking forward to trading in Derivatives. So trading account would suffice. right?

Yes only trading account would do..

2) Account Opening Charges

For Trading account 300 if we courier the forms, Rs 200 if you print the forms

3) AMC

Zero

4) Is NOW available on web browsers too? Can derivative trading be completely done on web based NOW platform?

Yes webbased platform available, our new trading platform will also be available on web browser.. Yes derivative trading can be done completely

5) Are there any software charges?

No charges

6) I'm holding savings account with ICICI bank. So how do I transfer money to Zerodha and how do I withdraw? How long does it take for the tranfer (am only looking for online transactions; NOT cheque drops, etc...)

If you use icici, there is an instant payment gateway for instant fund transfer.. Withdrawal will take a maximum of 24 hours...

7) Lets say, I buy 1 lot of Nifty futures @ 5600 and sell @ 5650. In this case, what'll be total brokerage and other charges that I'll be paying (including brokerage, STT, exchange related charges, etc...).

Visit our website and check the link brokerage calculator on our home page..


8) And what would be the margin that I have to keep in my account for Intraday trading for the above case

Whatever is the nse stipulated margin, you will need 40% of that for intraday trading...

9) And what would be the margin that I have to keep in my account for Positional trading for the above case

The above position of 1 lot of nifty will need around 25k for overnight and 10k for intrday..

10) I've seen in forums (Traderji, ***********), that there are some billing issues with Zerodha (or ILFS). Are they fixed?

IF you are opening only trading account, you have nothing to do with ILFS.. Even with ILFS, there are no major issues as such.. They have sent a bill for an amount which is already paid by us.. They should fix it and send a new bill in the next few days..

11) Are there any charges for Call & Trade option. (Though, I don't think I would use it often)

Yes 20 bucks for every executed call n trade...

12) Are there any other charges at all? If so, what are they?

Nopes

13) Do I need to maintain any Deposit with Zerodha?

No deposit, just the money required to take your position...

hope this helps...

 

[Zerodha]

@ zerodha

do we have to sign another form to trade in BSE, if so where is the form? if it has to be signed physically then we need time to send it..so clarify immediatley

Just a segment enabling form

https://www.zerodha.com/download/index.html

Check out the BSE activation form, this has to be printed and sent to us, this is applicable only if you have opened the account before May 15, if it is after that, nothing you have to do about it..

For enabling commodities, you have to open a new account completely.. the forms available on the download section itself...

 

[Zerodha]

Ok ...we are waiting ....did you receive any update by now ? what is it ?

There will be new bills sent by ILFS showing dp transaction charges already paid by Zerodha on your behalf...

 

[Zerodha]

Re: Could we trade SENSEX FUTURES from Setpember?

reposting....

Yes Sensex futures will be available for trading, the margin file will be updated on our backoffice...

 

[Zerodha]

hmm ...I too have an unexplained due of 70.23 Rs of previous month ...it seems they charging penalty silently !!! .....



I'm grossly unhappy with ILFS business and loosing faith.

Zerodha , please hear our grievances ... Please try to clear out this mess and bring transparency.

Please talk to them ....and find a solution if there is any misunderstanding occurred between you and ILFS ....

When you call ILFS..you ask them to do these things....

(i)clear all due debit charges in the bill for all Zerodha customer's because Zerodha paid bills regularly.
(ii)clear interest charges levied to Zerodha customers.
(iii)Zerodha will pay AMC charge from their customer's ledger balance (just send SMS and EMAIL to your customers to inform AMC payment )....we have no problem if you cut AMC charge from our ledger. Just make sure that it has been paid in time.
(iv)ILFS to send a fresh/revised bill to all Zerodha customers .

This will remove a lot of cloud from our head ... ...happy trading.

DP transaction charges is paid by us and there is nothing you have to do about it. We have already raised this issue, unfortunately they work at the speed of how a lot of big corporate do in India. New bills should be sent to you by this weekend with the dp transaction charges showing paid..

The AMC presently have to be paid by you directly to ILFS. We will see what can be done about it and let you all know by end of this week...

 

[a1b1trader]

press Crtl+Shift+V

and double click on ur user id.

Thanks for the reply.
I want to check the net amount.
The net balance is the amount mentioned in the column "ExpMarginPresent" or the "ExpMarginPresent" + the amount mentioned in column "unrealised MTM present"