Choosing a brokerage for option trading in sharekhan

We offer different type of accounts. In order to know which would suite your requirement kindly view the below link: As per the Regulatory guidelines you cannot have more than one trading account in the same name with the same broker. Hence, you cannot have more than one trading account in the same name with us.

Once your trading account is opened, a welcome kit would be sent to your registered mailing address. The welcome kit would contain your Login ID user ID , Telephone ID and three passwords, ie Membership, Trading and T-pin passwords. The membership and trading passwords are used to login to your online trading account. New passwords should contain 8 to 12 alpha-numeric characters, preferably with at least one special character in it.

The T-Pin is a telephone personal identification number which helps you gain faster identified access to our Customer Service executives. It is also used to accessing the Dial-N-Trade department for telephonic order placements.

Click to generate Membership Password. To generate a new Trading Password SMS keyword TPAS to from your Registered Mobile Number or call Customer Service to generate a new one which will be couriered to your registered mailing address. Call Customer Service to generate a new T-pin which will be couriered to your registered mailing address.

As a security measure our system locks your trading account if you enter membership password incorrectly on consecutive attempts. This is just to ensure that miscreants are not able to access your account.

Please click here to generate a new Membership Password or SMS keyword BPAS to from your Registered Mobile Number. The membership password expires every days hence please ensure that you change it regularly.

The passwords should contain 8 to 12 alpha-numeric characters and at least one special character. Click here generate a new membership passwords in case it has expired or you would like to change it. Trading passwords do not expire however it is best to change them too regularly through the same link provided above. Your password is more than just a key to your online account. If your password falls into the wrong hands, someone can easily impersonate you while online, sign your name to online service agreements or contracts, engage in transactions, or change your account information.

So, choose your password carefully and then keep it safe from others. In order to change the address in our records you will have to fill in the Client Master Form Client Master Form and submit it along with a copy of an address proof and a copy of a proof of Identity which needs to be verified with the originals from any of our branch or franchisee.

Any of the below documents may be submitted as Proof of Address: Photocopy of Ration card. Photocopy of Valid Passport Page containing the date of expiry also to be attached. Photocopy of Voters Identity card. Photocopy of Valid Driving License Page containing the date of expiry also to be attached. Photocopy of Landline Telephone.

Should not be more than 2 months old Photocopy of Electricity bill. Photocopy of Bank Passbook. Photocopy of latest Bank statement. Any of the below documents may be submitted as Proof of Identity: A copy of Passport.

PAN card with photograph. Please note that in case you are providing a bank statement as address proof you need to self attest the same. Your address along with the banks address needs to be mentioned on the statement provided.

It is mandatory to fill in your Mobile No. CHANGE IN EMAIL ID: Enter your new Email Id. Post entering your new email id you will receive an intimation of an email id change request on both your old email id and new email id.

However you will get an option to "Click Here" in your new email id which will be a step for verifying your new email id. Post verification of your new email id via the above step, your email id will be changed in our records within 7 working days. Please note the change in email id will take place only if the email id does not exist in our system else the same would be rejected. CHANGE IN MOBILE NO: Post entering your new mobile no you will receive an intimation of mobile no change on both your old and new mobile no.

However, you will also receive a Txn Code and a Txn Id on your new mobile no. You will need to enter the Txn Code and Txn Id received on the new mobile o in the "My Profile" section online. This would serve as a step for verifying your new mobile no. Post verification of your new mobile no via the above step, your mobile no. Email Id and Mobile numbers changes made are valid for all account records which include Mutual Fund investment made via the Mutual Fund Service System MFSS.

Submit a duly signed Change in Signature Form. Your banker should duly attest the new signature. Reason for change in signature needs to be specified. This is subject to a minimum brokerage of 5 paise per share. FOR DELIVERY BASED TRADES: Minimum brokerage of 10 paise per share is applicable when the share price is Rs. Delivery Handling charges of Rs. Brokerage on Options trades will now be charged on the Premium component instead of the Strike Price which was levied earlier.

Brokerage will be charged as Rs. Yes, we do have alternate brokerage plans and you may choose the one which suits you the most. These brokerage plans are known as "Prepaid AMC schemes" wherein you can avail the benefit of a reduced brokerage structure as well get a refund of the brokerage paid by you to the extent of advance brokerage during the tenure of your Prepaid AMC plan.

To know more click here AMC. You can avail a change in your brokerage structure by applying for any of the AMC schemes. The trade executions are confirmed online and the trading history is updated immediately under the order book page as "Executed" or "Partly Executed". You can view the details by clicking on the link "Trades". The contract note will be sent to you by e- mail at the end of the day. Yes you can place the order in "After Hour Window": The After Hour Sessions enable you to place orders even when the market is closed.

The above timings are subject to change without any notice. After hour facility is currently available for order placement in NSE cash segment only. In a rolling settlement, each trading day is considered as a trading period and trades executed during the day are settled based on the net obligations for the day.

For arriving at the settlement day all intervening holidays, which include bank holidays, NSE holidays, Saturdays and Sundays are excluded. Typically trades taking place on Monday are settled on Wednesday, Tuesday's trades settled on Thursday and so on. You can trade on intraday basis or can take delivery of shares. In case you take delivery of shares, then it is obligatory to deposit the funds against the trading done on exposure.

That is, in a particular month, in case you have debit balance for a few days and credit balance for a few days, then the interest applicable is adjusted and only the net interest if any is charged. However, in case your account is in credit for all days in a month, no interest is payable on the same. Also note, we give you additional 4 days post settlement in order to make payment of your dues. However, if you are having an online trading account the shares would be deducted from your demat account on the same day of sell transactions towards your obligation.

Sell against margin is a facility whereby you can sell something that you do not own. It is commonly referred to as short-selling in Sharekhan. More specifically, a short sell is the sale of a security that isn't owned by you, but that is promised to be delivered.

We provide the option of selling shares against a margin without holding the shares in the demat account. Shares sold against a margin have to be compulsorily bought back on the same trading day before the closure of the market, else such shares should be made available in your demat account before pay-in. Otherwise, the shares get auctioned. Yes you have to square off your short position on the same day. Incase on failure of squaring off the short position on the same trading day the shares would go for auction.

An auction is a mechanism utilised by the exchange to fulfill its obligation towards the buying trading members. Thus, in case for a settlement, the selling trading members have delivered short, their deliveries are bad or they have not rectified the company objection reported against them, the exchange purchases the requisite quantity from the market and gives them to the original buying member.

In case of multiple settlements conducted on the same day, as specified by SEBI, the auction session for the first settlement shall be conducted on the same day and settled on the next day. The settlement of the same shall happen on the subsequent day. You can check the same in the contract notes sent to you via e-mail on your registered e-mail ID or via courier to your registered mailing address, depending on whether you are activated for receiving digital or physical contracts.

You may also check the same from the link given below:. Yes you can sell the shares purchased before receiving the delivery. This facility is commonly known as "SR — Sell Against Receivables". You have the option to utilize this amount for trading purpose on the trading day. You can access the Delay Payin Charges report online from the link mentioned below:.

Margin, Funds and Account Balance How do I transfer funds from my bank to my trading account? In order to transfer funds from your bank account to your trading account online you will need to follow the below steps: Enter your login credentials and select the drop down "Trade Now" and "Login" in your account. Select the section "Accounts". Select the sub-link "Cash Transfer" from the sub-heading "Funds". Enter the amount you need to transfer to your Trading account.

Select the Bank from which you wish to transfer the funds. The system will ask you for a confirmation for the funds transfer transaction, Post confirming the request your funds would be credited to your Trading account instantly. In case your account is not linked with any of these bank accounts refer to q 4b.

In order to transfer funds from your bank account to your IPO account online you will need to follow the below steps: Enter the IPO section and select the link "IPO Funds Transfer". Enter the amount you need to transfer to your IPO account.

Enter the Trading password and Click on "Move Cash". You will be directed to your bank website wherein you will need to enter your bank id and password.

The system will ask you for a confirmation for the funds transfer transaction. Post confirming the request your funds would be credited to your IPO account instantly.

In order to transfer funds from your bank account to your MF account online you will need to follow the below steps: Enter the Mutual Fund section and select the sub-link "Fund Transfer". Enter the amount you need to transfer to your Mutual Fund account.

Post confirming the request your funds would be credited to your Mutual Fund account instantly. In order to transfer funds from your bank account to your Commodity account online you will need to follow the below steps: Enter your login credentials in Trade Tiger. Enter the "Links" section and select from the drop down "Fund Transfer". Enter the amount you need to transfer to your Commodity account. TO BE DELETED - Yes. You may transfer funds from from your trading account to your IPO account or MF account and vice-versa.

You would be able to do so from the link "Allocate Funds". Kindly note that this service of "Allocate Funds" is only available during Market hours and in the After Hour sessions. Yes, you may transfer funds from your trading account to your IPO account or MF account and vice-versa.

You would be able to do so using the link "Allocate Funds". This service is only available during the market hours and in the After- Hour sessions.

In case you are having a bank account with any of the above banks you may get the same linked to your trading account and avail the facility of online transfer of funds. Alternatively, you may send us an e-mail for the same on myaccount sharekhan.

The below transaction details would have to be provided by you in case of a funds transfer failure so as to enable us to check and process your transaction: Bank Name Bank Reference No Transaction Date Amount Transferred.

At times funds may not get credited to your trading account instantly due to either of the following reasons: Problem with the internet connectivity. Problem with the gateway during the transfer. Withdrawal fulfillment is subject to availability of clear funds taking into consideration upcoming payment obligations.

Sharekhan gives you a facility to trade on the value of your shares. In order to do so you need to transfer the shares from your demat account to Sharekhan Margin account. This can be viewed in the limit statement from the option "Limit Against Shares DP Margin ". In order to view the limit statement kindly follow the below steps: You do not require to maintain any minimum balance in your trading account.

Also note that the shares held by you would be auto squared off in case of non-payment of dues on timely basis. For further details on Auto Square Off click Auto Square off. You can deposit the same at any of our nearest branch.

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Inorder to place a withdrawal from your trading account you need to follow the below steps: Withdrawals placed before HRS from Monday - Saturday shall be processed on the same day by afternoon. Withdrawals placed before HRS from Monday - Friday shall be processed on the same day by evening. Withdrawals would be processed provided there are sufficient funds taking into consideration upcoming payment obligations. In order to check the status of your withdrawal you will need to check your account balance.

In case your withdrawal is fulfilled it would be updated in the Ledger Summary as the amount withdrawn would be deducted from your cash balance. However, if your withdrawal is pending and not fulfilled it would reflect in your limit statement as "Pending Withdrawal Request". Else you may even write to us on myaccount sharekhan.

In case you opt for payment via Cheque the same shall be sent across to your correspondence address in our records which you will receive in 3 — 4 working days from the date of fulfillment of withdrawal. In case you opt for an online transfer of funds to your bank account the same shall be credited to your bank account within 24 hours. Your withdrawal request will be fulfilled subject to availability of clear cash funds taking into consideration upcoming payment obligations.

Yes you can link a maximum of 5 demat accounts to your trading account. However, you should be the first holder in all the linked demat accounts. In order to check the shares lying in your demat account you will need to: Login in your account. Select the sub-link "DP".

This will display all the holdings in your demat account. DP Haircut is the arbitrary reduction in the value of a security to calculate the risk cover. Haircut is applied on any collateral kept with the broker. The balance amount is then released to the client as a limit against shares.

In order to check the value of the holdings in your demat account you will need to: You can check your DP dues by following the below procedure: Login to your account. Go to the EOD Transaction Reports. Select the option DP. Under DP select the option "DP Ledger". Your DP dues shall be automatically adjusted from your trading account provided there are sufficient funds available in it. In case the funds in your trading account do not suffice the requirement you may even clear your DP dues by submitting a cheque in favour of "Sharekhan Ltd.

Please ensure to mention your DP Client Id on the reverse of the cheque. The Account holder, nominee and two witnesses must sign the form. The nominees photograph has to be submitted and the nominee should sign across his photograph.

In case you want to change the nominee details which is already registered in your account and want to update a new nominee then you will have to submit both; the request for "Cancellation of Nominee" along with the request for "Addition of nominee". You are requested to submit the Form to any of our Branch.

A Delivery Instruction slip is a slip which is used to transfer shares from one demat account to another provided that both the demat accounts i. NSDL to NSDL and CDSL to CDSL. An Interdepository slip is a slip which is used to transfer shares from one demat account to another when the demat accounts i. NSDL to CDSL and vice-versa. You will receive the share certificates directly from company's end at your registered mailing address.

The normal time period for rematerialization of shares to take place as per Depository guidelines is about days. In case the deceased was one of the sole holder, then the legal heir s or legal Representative s of the deceased must have to open a demat account. For this, the legal heir s or the legal representative s have to submit following documents: A copy of the death certificate duly notarized. A copy of the Succession certificate duly notarized or an order of a court of competent jurisdiction where the deceased has not left a Will; or A copy of the Probate or Letter of Administration duly notarized.

However, if the legal heir s or the legal representative s express inability to produce either of the documents mentioned under b and c above, and the market value of the securities held in each account of the deceased as on the date of application for transmission does not exceed Rs. Transmission form Copy of the death certificate duly notarized; Letter of Indemnity duly supported by a guarantee of an independent surety acceptable to the DP, made on appropriate non judicial stamp paper; Please contact Demat Customer Service Number , or by choosing the option 2 twice to request for the Letter format.

An Affidavit made on appropriate non judicial stamp paper; and No Objection Certificate s from all the legal heir s who do not object to such transmission. In case the deceased was one of the joint holders, then the surviving holders have to open a demat account only in his name which can be with the same DP or with a different DP. And then give the following documents to transfer the shares from his joint account to his new demat account surviving holder account Transmission form.

Surrender unused Delivery instruction slip. Client master copy if he has opened a single account with any other dp. In case when there is only a single holder and a nominee.

The nominee will have to open a demat account only in his name. And then give the following documents to transfer the shares from his sole account to his new demat account.

Client Master Copy If he has opened a single account with any other dp. Copy of the death certificate duly notarized; Letter of Indemnity duly supported by a guarantee of an independent surety acceptable to the DP, made on appropriate non judicial stamp paper; Please contact Demat Customer Service Number , or by choosing the option 2 twice to request for the Letter format. And then give the following documents to transfer the shares from his sole account to his new demat account Account closing form.

You can check the by clicking on link: A minor represented by a guardian can be appointed as a nominee for a demat account. A minor represented by a guardian can be appointed as a nominee. In such case the guardian will sign on behalf of the nominee. You cannot have more than one nominee to your demat account. The Account holder, nominee and two witnesses must sign the form and the name, address and photograph of the nominee must be submitted.

Nominee signature required across his photograph. In case you want to change the nominee detail which is already registered in your account and want to update a new nominee then you will have to submit both the request for "cancellation of Nominee" along with "addition of nominee". The demat account maintenance charges are as per the attached tariff sheet. To freeze the entire demat account you need to submit the annexure duly signed by all the holders.

Pledge is an activity of taking a loan against securities by the investor. Securities held in a depository account can be pledged against loan. A beneficial owner may contract a loan against the securities owned by him.

He may borrow from a Bank or any other person.

When dematerialized securities are pledged, they remain in the pledgor BOs demat account but they are blocked so that they cannot be used for any other transaction. The pledgor continues to remain the beneficial owner of the pledged securities and will, therefore, be receiving the corporate benefits during the period of pledge. Technically all types of securities can be pledged.

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It depends on pledgee to accept a security for pledge or not. The pledgor and the pledgee must have Benficiary Owner BO accounts with a depository. The pledgor has to submit a duly filled and signed Pledge Request Form PRF to our nearest Sharekhan branch. The pledge form is in triplicate i. On receipt of the PRF, we DP shall verify that the securities can be pledged. The Pledge Order Number should be recorded on the PRF.

Authorized official of the DP should sign the PRF and stamp it. A copy of the PRF is then given to the pledgor. One copy of PRF with the Pledge order number should be sent to the pledgee by the Pledgor for pledge confirmation.

Yes, you can sell the shares from any of the demat accounts which are linked to your trading account. The shares shall be picked up automatically for pay-in purpose. Toll Free Number 22 Sharekhan's Circle in Google plus. Account Opening Who is eligible to open a trading account with you? Any individual who is major in age can open a trading account with us.

I do not have my Login ID and passwords. How do I get them? Click to generate Membership Password or SMS keyword BPAS to from your Registered Mobile Number. Generate Trading Password To generate a new Trading Password SMS keyword TPAS to from your Registered Mobile Number or call Customer Service to generate a new one which will be couriered to your registered mailing address.

Generate T-pin Call Customer Service to generate a new T-pin which will be couriered to your registered mailing address. You could also write to us at myaccount sharekhan. The Login ID provided to you is unique and hence cannot be changed. How do I change my address? You may change your email id and mobile no.

What is the brokerage being that you charge on trades? Are there any other charges that I need to pay when I trade? The Brokerage Charges are calculated as under: Delivery based transaction in equity - Buyer and seller each to pay 0. Where can I check my brokerage structure? How do I place orders? In order to place an order you need to follow the below steps: Click here for an interactive one to one demo session on our Trading Products.

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You can check the status of your orders placed online by following the below steps: All equity and derivative orders accepted are valid for GTD, i. What is a "Settlement" cycle and how does it work? You may also check the same from the link given below: You can access the Delay Payin Charges report online from the link mentioned below: How do I transfer funds from my bank to my trading account?

Yes, you can link as many bank accounts as you wish to your trading account. Can I have more than one demat linked to my trading account? You can link only a single bank account to your demat account.