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Is it safe to keep money in Zerodha wallet?

Is it safe to keep money in Zerodha wallet?

Yes, Zerodha is as safe as any other stock broker in India. Zerodha is a genuine and trusted stock broker. They are among the lowest risk broker for the following reasons: Zerodha is a debt-free.

How long can I keep money in demat account?

To prevent this, Sebi has introduced a rule that once every 30 or 90 days (depending on what the customer had agreed to at the time of opening the account), unutilised funds have to be transferred back to customers.

How much money can I keep in my trading account?

There are no restrictions on the amount of money that can be kept in your trading account.

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Can we keep money in demat account?

Do not keep excess money in your brokerage account. It allows the broker to access your demat account to release shares when they are sold.

How long can I keep money in Zerodha?

The funds are transferred back to the primary bank account mapped to your Zerodha account. Recently, SEBI made changes in the way funds are settled, mandating that all brokers transfer back funds to the client’s account in 3 days if there have been no trades in the client’s account for a period of 30 days.

How many times we can do intraday trading in Zerodha?

Zerodha offers 5 to 20 times exposure in Intraday for stocks on which F&O trading is allowed. In Futures Intraday Trading in Equity, Commodity and Currency, Zerodha lets clients take MIS (Margin Intraday Square-off) positions with a 40\% to 50\% margin.

What happens if I don’t use my trading account?

If you do not pay the AMC for you’re demat account, following things will happen: You will be bombarded with reminders via Email, SMS and Phone Calls by the broker. After some time, your demat account is declared a dormant account (inactive). This means you can’t do any transaction until it’s reactivated.

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What if zerodha shuts down?

Well, even if they close down your Demat account with CDSL will remain. You can open new trading account and see your shares again by linking your cdsl demat account number.

Is grow safe?

The Groww platform is fully secure and reliable. Their website reads that they employ bank-grade security features on their platform. Groww operates the BSE Star MF transaction platforms, ensuring that all the transactions directly fund AMC.

What is the minimum deposit required for Zerodha?

The required Zerodha minimum deposit is $0. However, there is an INR 200 fee for opening a Trading & Demat account, and an INR 100 fee opening for a Commodity account. There are two account types available: The account opening process is not fully digital and it took a long time for our account to be approved.

Is Zerodha safe to trade with?

Yes, Zerodha is as safe as any other stock broker in India. Zerodha is a genuine and trusted stock broker. They are among the lowest risk broker for the following reasons: Unlike other large brokers, Zerodha offers broking services only. Thus, they cannot be impacted by losses made in other businesses.

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Does Zerodha do margin funding?

Zerodha has never done margin funding, which is considered as a risky proposition for stockbrokers. Zerodha doesn’t keep client securities in a pooled account. Zerodha has one single brokerage rates for all its customers. It doesn’t matter if you are an HNI or an investor. No one gets special treatment at Zerodha.

How do I get my money back from Zerodha after quarterly settlement?

Else, end of every quarter as part of quarterly settlement your funds in zerodha will be invested in overnight liquid funds (for free) and automatically be moved back to your Zerodha account in a day, based on the market situation you may end up gaining or losing some money.This they are doing due to SEBI guidelines.