Zerodha....
- Thread starter bharath.mang
- Start date
- Tags bakwaas now cheapest brokerage nest nest plus new broker zerodha zerodha trader
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@Zerodha
Please post your final update on the AMC payment to ILFS.
If there are going to be any change in the process
and if not then what is the detailed process to pay the AMC charges.
Though some members have already posted I would like to have some official instruction how to pay the AMC amount.
Better you can also send a mail to all customer as there are a lot of fuss about this issue.
To be frank I had no idea that AMC charge had to be paid by us explicitly to ILFS and I assumed it is something that Zerodha would deduct from our account. I didn't receive any bills yet from ILFS but I bet they are putting a 2% fine on month to month. Thanks to all the members for bringing it up.
Please post your final update on the AMC payment to ILFS.
If there are going to be any change in the process
and if not then what is the detailed process to pay the AMC charges.
Though some members have already posted I would like to have some official instruction how to pay the AMC amount.
Better you can also send a mail to all customer as there are a lot of fuss about this issue.
To be frank I had no idea that AMC charge had to be paid by us explicitly to ILFS and I assumed it is something that Zerodha would deduct from our account. I didn't receive any bills yet from ILFS but I bet they are putting a 2% fine on month to month. Thanks to all the members for bringing it up.
This is the link to the Forum of Ramdas.
http://niftyfno.forums-free.com/
I suppose you will have to register and login at the forum to view the various active topics in the forum.
You might get some problem while registering which Ramdas has mentioned in the NEWS and announcement section of the forum which you can view even without registering.
I don't know how but I was able to see the forum without even logging in and it really had lot of information on Metatrader 4 . Great work by Ramdas.
Kudos to him.
Without Logging in, the forum seems to be an empty place to wander. :lol:
http://niftyfno.forums-free.com/
I suppose you will have to register and login at the forum to view the various active topics in the forum.
You might get some problem while registering which Ramdas has mentioned in the NEWS and announcement section of the forum which you can view even without registering.
I don't know how but I was able to see the forum without even logging in and it really had lot of information on Metatrader 4 . Great work by Ramdas.
Kudos to him.
Without Logging in, the forum seems to be an empty place to wander. :lol:
Zerodha,
I had posted images of my Jan-March and August AMC bills in my previous comment. I have noticed some discrepancy in it and I hope you will address my questions this time.
My trading account became operational in mid-August 2011 and demat in September 2011. Then why have I received the AMC bill for the Jan-March period? I had paid the six month AMC in advance while opening the account. So I should have got the AMC bill either after Jan or February, if you start 6 month advance payment count date from Aug or September respectively, that too if you include Aug and September in the count, else it should be after March or April.
ILFS yearly AMC is 400 rupees. So the bill should be of 200 rupees, as I had already paid the rest of the amount (Rs. 200) in advance. But, as you can see in the attached image in my previous post, I got the bill of 228 rupees! Saying it is of Jan-March period! And worse, in Aug AMC bill they have charged 2% interest penalty on it on account of non-payment of dues of Jan-March bill. What is this?
I had thought, after paying the six month AMC in advance, I can pay the remaining six month AMC of 200 rupees, with whatever just taxes, without any penalty, anytime in six month.
Kindly clarify these things.
Thanks
I had posted images of my Jan-March and August AMC bills in my previous comment. I have noticed some discrepancy in it and I hope you will address my questions this time.
My trading account became operational in mid-August 2011 and demat in September 2011. Then why have I received the AMC bill for the Jan-March period? I had paid the six month AMC in advance while opening the account. So I should have got the AMC bill either after Jan or February, if you start 6 month advance payment count date from Aug or September respectively, that too if you include Aug and September in the count, else it should be after March or April.
ILFS yearly AMC is 400 rupees. So the bill should be of 200 rupees, as I had already paid the rest of the amount (Rs. 200) in advance. But, as you can see in the attached image in my previous post, I got the bill of 228 rupees! Saying it is of Jan-March period! And worse, in Aug AMC bill they have charged 2% interest penalty on it on account of non-payment of dues of Jan-March bill. What is this?
I had thought, after paying the six month AMC in advance, I can pay the remaining six month AMC of 200 rupees, with whatever just taxes, without any penalty, anytime in six month.
Kindly clarify these things.
Thanks
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