"Beware of fixed/guaranteed/regular returns/ capital protection schemes. Brokers or their authorized persons
or any of their associates are not authorized to offer fixed/guaranteed/regular returns/capital protection
on your investment or authorized to enter into any loan agreement with you to pay interest on the funds
offered by you. Please note that in case of default of a member claim for funds or securities given to the
broker under any arrangement/ agreement of indicative return will not be accepted by the relevant Committee
of the Exchange as per the approved norms. || Do not keep funds idle with the Stock Broker. Please note that
your stock broker has to return the credit balance lying with them, within three working days in case you
have not done any transaction within last 30 calendar days. Please note that in case of default of a Member,
claim for funds and securities, without any transaction on the exchange will not be accepted by the relevant
Committee of the Exchange as per the approved norms. || Check the frequency of accounts settlement opted
for. If you have opted for running account, please ensure that your broker settles your account and, in any
case, not later than once in 90 days (or 30 days if you have opted for 30 days settlement). In case of
declaration of trading member as defaulter, the claims of clients against such defaulter member would be
subject to norms for eligibility of claims for compensation from IPF to the clients of the defaulter member.
These norms are available on Exchange website at following link:
https://www.nseindia.com/invest/about-defaulter-section || Brokers are not permitted
to accept transfer of securities as margin. Securities offered as margin/collateral MUST remain in the
account of the client and can be pledged to the broker only by way of ‘margin pledge’, created in the
Depository system. Clients are not permitted to place any securities with the broker or associate of the
broker or authorized person of the broker for any reason. Broker can take securities belonging to clients
only for settlement of securities sold by the client. || Always keep your contact details viz. Mobile
number/Email ID updated with the stock broker. Email and mobile number is mandatory and you must provide the
same to your broker for updation in Exchange records. You must immediately take up the matter with Stock
Broker/Exchange if you are not receiving the messages from Exchange/Depositories regularly. || Don't ignore
any emails/SMSs received from the Exchange for trades done by you. Verify the same with the Contract
notes/Statement of accounts received from your broker and report discrepancy, if any, to your broker in
writing immediately and if the Stock Broker does not respond, please take this up with the
Exchange/Depositories forthwith. || Check messages sent by Exchanges on a weekly basis regarding funds and
securities balances reported by the trading member, compare it with the weekly statement of account sent by
broker and immediately raise a concern to the exchange if you notice a discrepancy. || Please do not
transfer funds, for the purposes of trading to anyone, including an authorized person or an associate of the
broker, other than a SEBI registered Stock broker."
FOR BSE , NSE
