Do's and Don'ts of National Stock Exchange of India Limited
NSE of India has given some specific guidelines for the interested people who want to come in directly or indirectly to trading. This article gives out general guidelines for the same. It is in the form of Do's and Don'ts.
Do's & Dont's
Deal only with registered intermediaries - check the registration certificate of the intermediary you are dealing with. It allows recourse to regulatory action.
In case you have not received , demand for a duly signed copy of your "KYC" documents
Check the voluntary part of your KYC documents to see what all conditions have been agreed and accepted by you
Opt for electronic (e-mail) contract notes/financial statements only if you are computer savvy and have an e-mail account of your own.
If opted for electronic correspondence/electronic contract notes, please check your email id regularly to verify the trades done in your account.
Trade verification facility is also available on NSE website.
Check the frequency of accounts settlement opted for and verify your monthly/quarterly settlement statements.
Any discrepancies observed therein should be brought to the notice of your broker in writing
Don't ignore any mail/sms received with regards to trades done by you.
Verify the details of the same and report discrepancy, if any, to your broker at the earliest.
Beware of fixed/guaranteed returns schemes.
Brokers or any of their representatives are not authorized to offer fixed/guaranteed returns
Keep Trading!
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