Idbi online trading account opening charges


Redemption of reward points for free transactions is subject to special conditions which may vary on the mode of remittance other factors, if any. Daily updates are subject to receipt from the respective third party data contributors.

The latest quotes are subject to market fluctuations and will be subject to a delay. Market quotes and other information on the Portal, as well as reference materials or links to other sites, are for general informational purposes only, and are not intended to be relied upon for transactional or other purposes.

Neither IDBICapital nor any of its data or content providers shall be liable for any errors or delays in the content, or for any actions taken or omitted to be taken in reliance thereon.

For all the stocks which are in the compulsory rolling segment EQ series, on NSE trades will be executed in this segment. However, IDBICapital shall at its sole discretion add or delete the name of any Exchanges from time to time, the intimation of which shall be given to the Client on the Portal. Eligibility of List of stocks: All the stocks that are held in dematerialization form viz. IDBICapital has satisfied itself and shall continue to satisfy itself about the genuineness and financial soundness of the Client s and investment objectives relevant to the services.

Provided that the Client s shall ensure that any material change which may have an impact on the Client s capacity to transact through IDBCapital shall be intimated to it within reasonable time in writing.

IDBICapital shall take all reasonable steps to make the Client s aware of the nature of IDBICapital's liability for business that it conducts, including any limitations on that liability and its capacity as the Client s Agent. In the event of the Client failing to square off all the deals pertaining to Margin Trading it is a intra-day trading , IDBICapital reserves its right to do the same, at the end of each day trading. The Client shall credit the required fund to his bank account through cheques, electronically or other mode, to promptly ensure that the payment shall be received and processed on or prior to the settlement date or a date intimated by IDBICapital, whichever is earlier.

In the event of non-receipt of the same, IDBICapital may square off the same without any prior intimation to the Client. In the event of liquidation of the account, the Client shall be liable for any resulting losses and all associated costs incurred by IDBICapital. However, if due to internal netting of Client's obligations at IDBICapital itself, a Client receives short delivery, then IDBICapital may buy in the required quantity and deliver the shares to the Client or it may credit the buying Client who received short delivery with an amount calculated at the rate of the Exchange's weighted average auction price for that scrip on the relevant auction date or any other rate as may be decided by IDBICapital, and the equivalent amount will be debited to the concerned selling Client, who delivered short.

If the securities are not received on or before settlement date or securities received are not in deliverable state or due to any other reason whatsoever, Client s are not able to deliver securities, the securities will be Auctioned or closed out as per the rules of the concerned Exchange.

Consequently, Client s will be responsible for any resulting losses and all associated costs including penalty levied by the Exchange. IDBICapital may, in its discretion, send any document that is obligatory to be sent to the Client by means of an electronic communication with the possible exception of graphic insertions such as photographs or logotypes. The said electronic communication may be in the form of fax, e-mail, an e-mail attachment or in the form of download available on the Portal.

Notices and other communications may also be provided to Client s verbally. The Client shall download the said document promptly on intimation of a notice of its display. In the event of any difficulty to download the said document, IDBICapital, on a request being made by the Client, in its discretion make the required delivery by such other means, as it may deem appropriate.

Failure to advise IDBICapital of such difficulty within forty-eight hours after delivery shall serve as an affirmation that Client s were able to receive and open the said document.

IDBICapital would be deemed to have fulfilled its legal obligation to deliver a document to the Client, if it is sent by electronic mode. In all cases, IDBICapital reserves the right to determine the validity of their objection to the transaction. Short Sales can be settled by squaring off the trade within same trade cycle.

In the event of the Client s not squaring off the position by the stipulated time before the close of market hours, IDBICapital reserves all the rights to square off the position on the same day before the close of market hours.

In the event of the Client failing to make good the short sell or long buy within such stipulated time, IDBICapital shall rectify the same and the Client shall be held in default for the same.

As and when the regulatory and statutory bodies come up with new circulars, notifications or guidelines effecting the operations, trading and other related matters IDBICapital will modify these terms and conditions to meet the requirements and the client shall adhere for the same. In addition, Client s understand and agree that IDBICapital may exercise any or all of the above rights without demand for additional cash or collateral, or notice of sale or purchase, or other notice or advertisement.

It is understood that giving of any prior demand or call or prior notice of the time and place of such sale or purchase shall not be considered as a waiver of IDBICapital's legal right to sell or buy without any such demand, call or notice. In case of Margin Trades, if the open position is neither squared off nor converted to Delivery by Client s within the stipulated time.

In all other cases where the margin or security placed by the Client s falls short of the requirement or where the limits given to the Client s have been breached or where the Client s have defaulted on their existing obligation Client s agree that although the auto square off trigger point is pre-defined, subsequent to which IDBICapital could exercise its discretion to carry out the off within a reasonable period of time, the actual execution could happen at a price different from the trigger point and the Client s agree to bear the loss based on actual executed price.

Client s understand that in case the Auto Square off does not take place due to certain reasons like price band, etc. IDBICapital reserves the right to square off any open margin positions, if the current market price breaches a specified percentage when compared with the previous day's closing price for that scrip.

If the service is withdrawn for a reason other than the breach of the terms and conditions by the Client s , IDBICapital's liability shall be restricted to the return of the annual charges, if any, recovered from the Client s for the period in question. IDBICapital may suspend or terminate trading facilities without prior notice if the Client s have breached these terms and conditions or IDBICapital has learnt of the death, bankruptcy or lack of legal capacity of the Client s.

The instructions issued by an authorized representative of the Client shall be binding on the Client in accordance with the letter authorizing the said representative to deal on behalf of the Client. The Stock Exchange may cancel a trade suo-moto without giving any reason thereof.

All trades, transactions and contracts are subject to the Rules and Regulations of the Exchange s and shall be deemed to be and shall take effect as wholly made, entered into and to be performed in the city of Mumbai and the parties to such trade shall be deemed to have submitted to the jurisdiction of the Courts in Mumbai for the purpose of giving effect to the provisions of the Rules and Regulations of the Exchange s.

IDBICapital shall not be liable to the Client s for any loss caused to the Client s due to any reorganization in the securities which the Client s holds, including, but not limited to, stock splits and reverse stock splits. Client s are responsible for all costs associated with compliance or failure to comply with all the regulatory requirements.

These securities include, but are not limited to, options, warrants, stock purchase rights, convertible securities, bonds and securities subject to a tender or exchange offer. Client s are responsible for knowing the rights and terms of all securities in their account.

If, due to a reorganization or book-keeping or data entry error, Client s sell more shares of a security than Client s own, then IDBICapital will not be responsible for any losses that the Client s may incur.

IDBICapital shall at no time be under an obligation to notify the Client s of any upcoming expiration or redemption date or to take any action in relation to certain securities including but not limited to options, warrants, stock purchase rights, convertible securities, bonds and securities subject to a tender or exchange offer, which grant the holder thereof valuable rights that may expire unless the holder thereof takes a particular action.

The Client s shall be deemed to be aware of the rights, obligations and terms of all the securities in their account. IDBICapital shall credit the proceeds of the sale etc. Neither IDBICapital nor any of its data or content providers shall be liable for any errors or delays in the content, or for any actions taken or omitted to be taken in reliance thereon.

For all the stocks which are in the compulsory rolling segment EQ series, on NSE trades will be executed in this segment. However, IDBICapital shall at its sole discretion add or delete the name of any Exchanges from time to time, the intimation of which shall be given to the Client on the Portal.

Eligibility of List of stocks: All the stocks that are held in dematerialization form viz. IDBICapital has satisfied itself and shall continue to satisfy itself about the genuineness and financial soundness of the Client s and investment objectives relevant to the services. Provided that the Client s shall ensure that any material change which may have an impact on the Client s capacity to transact through IDBCapital shall be intimated to it within reasonable time in writing.

IDBICapital shall take all reasonable steps to make the Client s aware of the nature of IDBICapital's liability for business that it conducts, including any limitations on that liability and its capacity as the Client s Agent. In the event of the Client failing to square off all the deals pertaining to Margin Trading it is a intra-day trading , IDBICapital reserves its right to do the same, at the end of each day trading. The Client shall credit the required fund to his bank account through cheques, electronically or other mode, to promptly ensure that the payment shall be received and processed on or prior to the settlement date or a date intimated by IDBICapital, whichever is earlier.

In the event of non-receipt of the same, IDBICapital may square off the same without any prior intimation to the Client. In the event of liquidation of the account, the Client shall be liable for any resulting losses and all associated costs incurred by IDBICapital.

However, if due to internal netting of Client's obligations at IDBICapital itself, a Client receives short delivery, then IDBICapital may buy in the required quantity and deliver the shares to the Client or it may credit the buying Client who received short delivery with an amount calculated at the rate of the Exchange's weighted average auction price for that scrip on the relevant auction date or any other rate as may be decided by IDBICapital, and the equivalent amount will be debited to the concerned selling Client, who delivered short.

If the securities are not received on or before settlement date or securities received are not in deliverable state or due to any other reason whatsoever, Client s are not able to deliver securities, the securities will be Auctioned or closed out as per the rules of the concerned Exchange.

Consequently, Client s will be responsible for any resulting losses and all associated costs including penalty levied by the Exchange. IDBICapital may, in its discretion, send any document that is obligatory to be sent to the Client by means of an electronic communication with the possible exception of graphic insertions such as photographs or logotypes.

The said electronic communication may be in the form of fax, e-mail, an e-mail attachment or in the form of download available on the Portal. Notices and other communications may also be provided to Client s verbally. The Client shall download the said document promptly on intimation of a notice of its display.

In the event of any difficulty to download the said document, IDBICapital, on a request being made by the Client, in its discretion make the required delivery by such other means, as it may deem appropriate. Failure to advise IDBICapital of such difficulty within forty-eight hours after delivery shall serve as an affirmation that Client s were able to receive and open the said document. IDBICapital would be deemed to have fulfilled its legal obligation to deliver a document to the Client, if it is sent by electronic mode.

In all cases, IDBICapital reserves the right to determine the validity of their objection to the transaction. Short Sales can be settled by squaring off the trade within same trade cycle. In the event of the Client s not squaring off the position by the stipulated time before the close of market hours, IDBICapital reserves all the rights to square off the position on the same day before the close of market hours.

In the event of the Client failing to make good the short sell or long buy within such stipulated time, IDBICapital shall rectify the same and the Client shall be held in default for the same. As and when the regulatory and statutory bodies come up with new circulars, notifications or guidelines effecting the operations, trading and other related matters IDBICapital will modify these terms and conditions to meet the requirements and the client shall adhere for the same.

In addition, Client s understand and agree that IDBICapital may exercise any or all of the above rights without demand for additional cash or collateral, or notice of sale or purchase, or other notice or advertisement. It is understood that giving of any prior demand or call or prior notice of the time and place of such sale or purchase shall not be considered as a waiver of IDBICapital's legal right to sell or buy without any such demand, call or notice.

In case of Margin Trades, if the open position is neither squared off nor converted to Delivery by Client s within the stipulated time.

In all other cases where the margin or security placed by the Client s falls short of the requirement or where the limits given to the Client s have been breached or where the Client s have defaulted on their existing obligation Client s agree that although the auto square off trigger point is pre-defined, subsequent to which IDBICapital could exercise its discretion to carry out the off within a reasonable period of time, the actual execution could happen at a price different from the trigger point and the Client s agree to bear the loss based on actual executed price.

Client s understand that in case the Auto Square off does not take place due to certain reasons like price band, etc. IDBICapital reserves the right to square off any open margin positions, if the current market price breaches a specified percentage when compared with the previous day's closing price for that scrip. If the service is withdrawn for a reason other than the breach of the terms and conditions by the Client s , IDBICapital's liability shall be restricted to the return of the annual charges, if any, recovered from the Client s for the period in question.

IDBICapital may suspend or terminate trading facilities without prior notice if the Client s have breached these terms and conditions or IDBICapital has learnt of the death, bankruptcy or lack of legal capacity of the Client s. The instructions issued by an authorized representative of the Client shall be binding on the Client in accordance with the letter authorizing the said representative to deal on behalf of the Client. The Stock Exchange may cancel a trade suo-moto without giving any reason thereof.

All trades, transactions and contracts are subject to the Rules and Regulations of the Exchange s and shall be deemed to be and shall take effect as wholly made, entered into and to be performed in the city of Mumbai and the parties to such trade shall be deemed to have submitted to the jurisdiction of the Courts in Mumbai for the purpose of giving effect to the provisions of the Rules and Regulations of the Exchange s.

IDBICapital shall not be liable to the Client s for any loss caused to the Client s due to any reorganization in the securities which the Client s holds, including, but not limited to, stock splits and reverse stock splits.

Client s are responsible for all costs associated with compliance or failure to comply with all the regulatory requirements. These securities include, but are not limited to, options, warrants, stock purchase rights, convertible securities, bonds and securities subject to a tender or exchange offer.

Client s are responsible for knowing the rights and terms of all securities in their account. If, due to a reorganization or book-keeping or data entry error, Client s sell more shares of a security than Client s own, then IDBICapital will not be responsible for any losses that the Client s may incur. IDBICapital shall at no time be under an obligation to notify the Client s of any upcoming expiration or redemption date or to take any action in relation to certain securities including but not limited to options, warrants, stock purchase rights, convertible securities, bonds and securities subject to a tender or exchange offer, which grant the holder thereof valuable rights that may expire unless the holder thereof takes a particular action.

The Client s shall be deemed to be aware of the rights, obligations and terms of all the securities in their account. IDBICapital shall credit the proceeds of the sale etc.

The proceeds of all sales will be credited to the Client s account directly on the settlement date. If the securities are not received on or before settlement date or securities received are not in deliverable state or due to any other reason whatsoever, Client s are not able to deliver securities, the securities will be auctioned or closed out as per the rules of the concerned Exchange.

The Client s may be able to access investment research reports through the Internet from the portal, including computerized on-line services. The availability of such information does not constitute a recommendation to buy or sell any of the Investment Products. Our IDBI Paisabuilder website provides a gamut of features that will assist you in making better investment decisions. Brokerage Pricing Equity Intraday 0.

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