Trading FAQs
StoxBox Account
- Click on the Open Account link on top right corner or go to Open A Free Demat Account
- Please keep ready an image (jpg / pdf) of your Aadhar Card, PAN Card, Address Proof, Photo and Signature.
- Open your demat account with StoxBox in 10 minutes. Check the process here.
Most Common Demat Questions
A Demat account is like a digital locker where you can keep your shares and stocks safely. Instead of holding physical paper certificates, you store them electronically. When you buy or sell shares, they get added or removed from your Demat account, just like how money moves in and out of your bank account. Complete your KYC now!
To open a Demat account, you need to contact a bank or a financial company that offers this service, like StoxBox. You’ll fill out a form, provide some basic details about yourself, and submit the required documents. Once everything is verified, your account will be ready to use. Complete you KYC process now!
To open a Demat account, you will need to provide:
- ID Proof: Like your Aadhar card or passport.
- Address Proof: Like a utility bill or bank statement.
- PAN Card: A card with your Permanent Account Number, which is necessary for financial transactions in India.
- Passport-size Photo: A recent photograph.
A Demat account makes buying and selling shares very easy. You don’t have to worry about losing physical share certificates or getting them damaged. It’s also quicker to trade, and you can do it from anywhere online. Plus, you get regular updates about your investments.
Maintaining a Demat account usually costs a small annual fee, which can range from Rs 200 to Rs 800, depending on the service provider. Some providers might also charge you for specific transactions, but many offer free basic services.
Yes, you can open more than one Demat account, but each account must be with a different financial company. You can’t have two Demat accounts with the same provider. However, it’s important to keep track of all your accounts to manage them well.
A Demat account is where your shares are stored, like a digital locker. A Trading account is used to buy and sell those shares. Think of it like this: the Trading account is the marketplace where you shop for shares, and the Demat account is where you store what you’ve bought.
To close a Demat account, you need to submit a form to your service provider requesting closure. Make sure all shares are either sold or transferred to another account. Once everything is clear, your account will be closed, and you’ll receive a confirmation.
To transfer shares from one Demat account to another, you need to fill out a form called a “Delivery Instruction Slip” (DIS) with details of the shares you want to transfer. Submit this form to your service provider, and they will handle the transfer for you.
Linking your bank account with your Demat account is simple. When you open your Demat account, you’ll be asked for your bank details. The provider will link your accounts so that money can be transferred easily when you buy or sell shares. If you want to link a new bank account later, you can submit a request with the updated bank details.
- Select login as Client. Select login with as equity client code & enter the password.
- Select Holding option
- You can drag down the option of current holding & it will show you date of 31/03/2022
Click on the link to login to your back office
- Select login as Client. Select login with as equity client code & enter the password.
- Select Holding option
- You can select the option of pledge for margin above your demat account.
- Select the securities for pledging & submit the same.
- We will process the pledge request at regular intervals & you will receive the SMS on your registered mobile number for generating OTP.
- Generate the OTP & submit the same & the shares which are pledge will reflect in your holding marked as Pledge.
If eligible for right issue you will receive the right issue shares in your dp account & you will also receive an email from the company with all the details regards to opening & closing of the issue. The company will also provide you the form in the email. You may apply for the rights shares either through the RTA’s portal or via net banking ASBA if your bank allows it.
What documents are required for opening an account
- Pan Card
- Indian & Foriegn Address Proof
- Original Cancelled Cheque
- Bank Proof For Nre / Nro
- Rbi Pis Letter
- Fema Declaration
- Pan Card
- Aadhar Card / Voter Id / Passport / Driving License (Any One)
- Original Cancelled Cheque Having Pre Printed Name Of The Client
- Latest 6 Month For Bank Statement For Trading Into Derivative Segment
- Kra Application Form Along With Annexure
- Pan Card & Address Proof For Company
- Original Cancelled Cheque Having Pre Printed Name Of The Client
- Pan Card & Address Proof For Directors
- Pan Card & Address Proof For Directors
- Moa & Aa
- Board Resolution
- List Of Directors
- Shareholding Pattern
- Form-32 Or Form-18 In Case Of Any Change In Directors / Registered Address Of The Company
- Kra Application Form Along With Annexure
- Pan Card & Address Proof For P. Firm
- Original Cancelled Cheque Having Pre Printed Name Of The Firm
- Pan Card & Address Proof For All Partners
- Annual Accounts For Last 2 Years
- Annual Accounts For Last 2 Years
- Authority Letter
- List Of Partners
- Sharing Pattern
(Note – Cdsl Dp Account Will Be Open In The Name Partners.)
- Kra Application Form Along With Annexure
- Pan Card & Address Proof For Trust
- Original Cancelled Cheque Having Pre Printed Name Of The Trust
- Pan Card & Address Proof For All Trustees
- Annual Accounts For Last 2 Years
- Trust Deed
- Authority Letter
- List Of Trustees
- Sharing Pattern (Note – Cdsl Dp Account Will Be Opened In The Name Of Trustees.)
- Pan Card And Bank Statement /Passbook For Huf
- Cancelled Cheque For Huf
- Pan Card And Aadhar Card For Karta
- Huf Declaration
Trading Account
A Trading account is like an online wallet that lets you buy and sell stocks. Just like you need a bank account to keep and use your money, a trading account is needed to keep and trade your stocks. It connects you to the stock market. Start Trading Now.
To open a Trading account online, you can visit the website of StoxBox, fill in details like your name, phone number, and bank information, and upload documents such as ID proof and bank statement. After verification, your account is ready.
There are some fees involved with a Trading account like account opening charges, annual maintenance fees, and transaction charges when you buy or sell stocks. These charges may differ from broker to broker.
Yes, you can link more than one bank account to your Trading account for added flexibility, but one will be your primary bank account for transactions.
A Trading account helps you buy and sell stocks online. When you decide to buy a stock, you place an order through your trading account, and the broker helps complete the transaction. The same happens when you sell.
For beginners in India, some of the best platforms include Zerodha, Upstox, Angel One, and StoxBox, which are easy to use and offer helpful tools for learning about the stock market.
In an online Trading account, you can buy and sell stocks yourself on your computer or mobile. With an offline Trading account, you call your broker, and they place the trades for you.
If your Trading account hasn’t been used for a while, it may become dormant. To reactivate it, you just need to contact your broker and provide them with a request. They will help you start trading again.
Margin trading allows you to borrow money from your broker to buy more stocks than what you can afford with your own money. This helps you buy more, but remember, you also need to repay the broker.
Equity Trading
Equity trading is buying and selling shares of companies in the stock market. When you buy a share, you own a small part of the company. If the company does well, the value of your share can go up, and you can sell it for more money than you paid.
To start equity trading in India, you need to open a Demat account and a trading account with a stockbroker, like StoxBox. Then, you deposit money into the account, pick the stocks you want to buy, and place an order through the broker’s platform.
The main risk in equity trading is losing money. Stock prices can go up or down based on the company’s performance and the overall market. If the price drops, you might sell at a loss. So, it’s important to invest wisely and not risk all your money on a single stock.
Beginners can start with simple strategies like:
- Long-term investing: Buy stocks and hold them for a long time.
- Diversification: Don’t put all your money in one stock, buy different stocks from different industries.
- Research: Read about the companies you want to invest in before buying.
If you sell your stocks and make a profit, you need to pay taxes. If you held the stocks for less than a year, it’s called short-term capital gains, and you pay 15% tax. If you held them for more than a year, it’s long-term capital gains, and you pay 10% tax on gains over ₹1 lakh.
Intraday trading is when you buy and sell shares on the same day. You buy a stock in the morning, and by the end of the day, you sell it to make a quick profit. This is faster than regular stock trading, but also riskier because prices can change quickly.
To analyse stocks, you can look at:
- Company performance: Check the company’s profits, products, and management.
- Stock trends: Look at how the stock price has moved over time.
- Market conditions: Keep an eye on the overall market to understand if it’s a good time to buy or sell.
StoxBox, one of the leading value brokers in the country, is one of the seamless equity trading platforms in India. However, there are many more platforms in India, which provides platforms for equity trading.
Choose stocks by researching the company, understanding its business, checking its financial health, and seeing how its stock has performed in the past. You can also look for stocks in growing industries, like technology or healthcare.
Equity trading can give higher returns than fixed deposits or savings accounts. It also offers flexibility, as you can buy and sell shares anytime. Plus, owning stocks can make you feel like a part-owner of the companies you believe in.
Commodity Trading
Commodity trading is buying and selling things like gold, oil, wheat, or cotton in the market. It’s different from equity trading because, in equity trading, you’re buying shares of a company, but in commodity trading, you’re dealing with physical goods.
To start commodity trading, you need to open a trading account with a broker that offers commodity trading, like StoxBox. Once you have the account, you can choose the commodity you want to trade and place your buy or sell orders.
In India, there are two main types of commodities traded:
- Agricultural commodities: Things like wheat, rice, sugar, cotton, etc.
- Non-agricultural commodities: Things like gold, silver, crude oil, and natural gas.
MCX (Multi Commodity Exchange) is a platform in India where people trade commodities like gold, oil, and copper. It acts like a marketplace where buyers and sellers meet to trade different commodities.
To analyse commodities, look at:
- Supply and demand: If a commodity is in high demand but short supply, its price may go up.
- Global events: News or weather changes can affect prices, like a drought affecting wheat prices.
- Historical trends: Look at how the commodity’s price has moved in the past.
The risks in commodity trading come from price fluctuations. For example, a sudden drop in oil prices can cause you to lose money. External factors like weather, political events, and global demand can quickly change commodity prices.
Some simple strategies for commodity trading are:
- Trend following: Buy when prices are going up and sell when they’re going down.
- Diversification: Don’t put all your money in one commodity; trade different types of commodities.
- Fundamental analysis: Study the factors affecting the supply and demand of the commodity.
If you make a profit in commodity trading, you have to pay taxes. The tax rate depends on how long you hold the commodity. If you sell it within three years, it’s considered short-term, and you pay tax according to your income slab. If you hold it for more than three years, you pay long-term capital gains tax at 20%.
When choosing a broker, look for:
- Reliability: Ensure the broker is registered and trustworthy.
- Fees: Check how much they charge for each trade.
- Platform: Make sure they offer an easy-to-use trading platform like StoxBox.
In spot trading, you buy and sell commodities right away, at the current market price. In futures trading, you agree to buy or sell a commodity at a set price on a future date. Futures trading helps you lock in a price and can be used to plan for price changes.
Futures and Options (F&O)
Futures and options are types of contracts in the stock market. In futures, you agree to buy or sell something (like stocks) at a fixed price on a future date. In options, you have the choice to buy or sell stocks at a certain price by a specific date, but you’re not forced to do it.
To trade futures and options (F&O), you need to open a trading account with a broker like StoxBox. Once your account is set up, you can choose the stocks or indices you want to trade and decide whether you want to enter into a future or option contract.
In futures, you have to buy or sell the asset at the agreed price, no matter what. In options, you can choose whether or not to go through with the trade. So, futures are more binding, while options give you more flexibility.
Margin is the money you need to deposit with your broker to trade futures. It’s like a security deposit. The margin allows you to trade larger amounts with a smaller investment. If the trade goes against you, you may need to add more money to keep your position open.
Some common strategies are:
- Hedging: Protect your existing investments by using F&O to limit losses.
- Covered Call: Selling a call option on stocks you already own to earn extra income.
- Straddle: Buy both a call and put option to profit from big price movements, no matter the direction.
F&O trading can be risky because prices can move quickly. In futures, you must go through with the trade even if prices move against you. In options, if the market doesn’t go as expected, you can lose the premium you paid for the option.
Profits from F&O trading are considered business income in India. You’ll have to pay taxes based on your income tax slab. If you have losses, you can carry them forward and offset them against future profits for up to eight years.
An options contract gives you the choice to buy or sell a stock at a fixed price before a set date. There are two types: call options (which allow you to buy) and put options (which allow you to sell). You pay a premium for this choice, but you don’t have to go through with the trade if you don’t want to.
Hedging means using F&O to reduce risks. For example, if you own stocks and are worried about prices falling, you can buy a put option to sell them at a fixed price. If the stock price drops, your put option will protect you from a big loss.
Look for a trading platform that is:
- User-friendly: Easy to navigate, especially for beginners.
- Low fees: Check the charges for trading futures and options.
- Good support: Make sure the platform has reliable customer service, like StoxBox.
- Research tools: Pick a platform that offers good tools for analysis and market data.
IPO
An Initial Public Offering (IPO) is when a company sells its shares to the public for the first time. It’s like when a company decides to share a piece of itself with people who want to invest in it. After an IPO, the company’s shares can be bought and sold by anyone on the stock market.
To apply for an IPO in India, you need a Demat account and a Trading account. You can apply through your bank or broker by filling out a simple form online during the IPO period and placing your bid for shares.
Before investing in an IPO, consider:
- The company’s business and financial health.
- The reputation of the company.
- The price of the IPO.
- Future growth potential.
- Risks involved in the industry.
- Read the company’s prospectus to understand it better.
The IPO price is decided based on how much demand there is for the company’s shares. Companies and their advisors set a price or a price range, and investors bid for shares. If there is a lot of interest, the price may go higher.
The primary market is where new shares are sold for the first time, like in an IPO. The secondary market is where these shares are bought and sold after the IPO, like on the stock market.
IPO shares are allocated based on the number of bids placed by investors. If there is high demand, shares are distributed through a lottery system or proportionally. Not everyone who applies is guaranteed to get shares.
The risks of investing in an IPO include:
- The company might not perform well after the IPO.
- The stock price could drop after being listed.
- The business may not meet expectations in the future.
A lock-in period is a time when certain shareholders (like company insiders or early investors) are not allowed to sell their shares after the IPO. This helps maintain stability in the stock price.
An IPO prospectus is a document that gives details about the company, its financials, and future plans. To analyze it, look at:
- The company’s business model.
- Financial statements.
- Risks mentioned.
- Management team.
- Future growth opportunities.
To check the recent IPOs in India, you can visit StoxBox website. These sources provide information on how well the stocks are performing after their listing on the stock exchange.
Mutual Funds
A mutual fund is like a big money pool. Lots of people put their money together, and a manager uses it to buy things like stocks and bonds. When those investments make money, you get a share of the profits.
To invest in mutual funds, you first need to open an account with a broker or mutual fund company. After that, you can choose a fund and decide how much money to put in. You can invest online or through a mobile app.
- Equity funds: Invest mainly in stocks.
- Debt funds: Invest in safer things like bonds.
- Hybrid funds: A mix of both stocks and bonds.
- Index funds: Track the performance of a specific stock market index, like the Nifty 50.
Mutual funds are great because they:
- Let experts manage your money.
- Spread your money across many investments, reducing risk.
- It Is easy to start with small amounts.
Look for:
- Past performance: See how the fund has done over time.
- Low fees: Check the expense ratio (cost of managing the fund).
- Fund type: Choose one that matches your goals (like growth or safety).
In direct funds, you invest directly with the mutual fund company and pay lower fees. In regular funds, you invest through a broker and pay slightly higher fees because the broker earns a commission.
Returns are calculated based on how much your investments grow over time. If your mutual fund grows by 10% in a year and you invested ₹10,000, you would earn ₹1,000 as profit.
The tax you pay depends on how long you hold the fund:
- Equity funds: No tax if you hold for more than a year (up to ₹1 lakh profit); otherwise, you pay short-term capital gains tax.
- Debt funds: Taxed based on your tax slab if held for less than three years.
A SIP is a way to invest regularly in mutual funds. You put in a fixed amount every month, and it automatically buys mutual fund units for you, helping you save and grow money over time.
You can track mutual funds by checking the NAV (Net Asset Value), which shows how much each unit of the fund is worth. Many apps and websites, like StoxBox, let you monitor your mutual funds easily.
Exchange-Traded Funds (ETFs)
Exchange-Traded Funds (ETFs) are like baskets of different stocks or bonds that you can buy and sell on the stock market. Imagine them as a collection of different things (like toys) that you can buy as a group, instead of buying each one separately. They are traded just like regular stocks.
To invest in ETFs in India, you need a Trading account. Once you have the account, you can search for different ETFs and buy them directly on the stock market just like you would buy a stock.
The main benefits of investing in ETFs are:
- You can invest in many companies at once.
- They are easy to buy and sell.
- ETFs usually have lower costs compared to mutual funds.
- You can choose ETFs based on different themes like technology, gold, or banking.
ETFs are traded on the stock market like shares, so you can buy or sell them anytime during market hours. Mutual funds, on the other hand, can only be bought or sold at the end of the day at a fixed price.
Some of the top-performing ETFs in India may include:
- Nifty 50 ETFs that track the Nifty index.
- Gold ETFs that invest in gold.
- Banking ETFs that focus on bank stocks.
- Make sure to check regularly as performance can change over time.
ETFs are taxed based on how long you hold them. If you sell them within one year, you may have to pay short-term capital gains tax. If you hold them for more than a year, you may pay long-term capital gains tax, which is usually lower.
Index ETFs track the performance of an entire stock market index, like the Nifty 50. Sector ETFs focus on a specific part of the market, like banking, technology, or healthcare.
To choose the right ETF, consider your goals, such as whether you want to invest in the entire market or a specific sector. Also, look at the ETF’s performance, costs, and the companies included in the ETF.
ETFs generally have more liquidity because you can buy and sell them anytime the market is open. Mutual funds can only be bought or sold at the end of the day, so they are less flexible.
The risks of investing in ETFs include:
- The value of the ETF can go down if the stock market falls.
- Some ETFs are more volatile depending on what they invest in.
- Sector ETFs can be riskier if that sector is not performing wel
Systematic Investment Plan (SIP)
A Systematic Investment Plan (SIP) is a way to invest small amounts of money regularly in a mutual fund. You can set up a monthly amount, like ₹500, and it will automatically be invested. Over time, your money can grow as the fund earns profits.
To start a SIP, you need to:
- Open an account with a mutual fund provider or broker.
- Choose the mutual fund you want to invest in.
- Set the amount you want to invest monthly.
- Pick a date for the automatic payments, and you’re all set!
- Small amounts: You don’t need a lot of money to start.
- Discipline: It helps you save and invest regularly.
- Reduces risk: You buy at different times, which can balance out good and bad market periods.
- Grows over time: With time, your money can grow through the power of compounding.
SIP returns are calculated based on how much the fund grows. You can use a SIP calculator online to see how much you’ll earn over time, depending on how much you invest and for how long.
In SIP, you invest small amounts regularly. In a lump sum, you invest all your money at once. SIP helps balance out market ups and downs, while a lump sum depends on the market’s condition when you invest.
- Look for a fund with good past performance.
- Pick a fund that matches your goals, like growth or safety.
- Check the fees and fund manager’s experience.
If you invest in an ELSS fund through SIP, you can get a tax deduction of up to ₹1.5 lakh under Section 80C of the Income Tax Act. Otherwise, SIP in other funds is taxed based on how long you hold the investment.
In a market downturn, your SIP keeps investing the same amount. You buy more units when the prices are low, which can help when the market recovers. This is called rupee cost averaging.
You can start a SIP with as little as ₹500 per month in most mutual funds.
To stop or modify your SIP:
- Log into your mutual fund account.
- Select the SIP you want to change.
- Choose whether you want to increase the amount, pause it, or stop it entirely.
- Follow the instructions, and it will be updated.
Bonds
A bond is like a loan you give to the government or a company. They promise to pay you interest for borrowing your money and return the full amount (called the principal) after a set time.
To invest in bonds, you can:
- Buy them directly from the government or companies.
- Use a broker or investment platform to purchase bonds.
- Government Bonds: Issued by the government and considered very safe.
- Corporate Bonds: Issued by companies and may offer higher returns but have more risk.
- Municipal Bonds: Issued by local governments for public projects.
- Tax-Free Bonds: Interest earned is not taxed.
Bond returns come from:
- Interest payments (usually every six months or annually).
- The return of the principal amount when the bond matures.
- Government bonds are safer but may offer lower returns.
- Corporate bonds may offer higher returns but are riskier because companies can default.
- Credit Risk: The bond issuer may not repay.
- Interest Rate Risk: If interest rates rise, bond prices may fall.
- Liquidity Risk: It might be hard to sell the bond when you need cash.
Interest earned from bonds is added to your income and taxed based on your tax slab. However, some bonds, like tax-free bonds, don’t have tax on the interest.
- Short-term bonds: Less than 3 years.
- Medium-term bonds: 3-10 years.
- Long-term bonds: More than 10 years.
- Check the issuer’s credit rating for safety.
- Look at the interest rate offered.
- Decide on the maturity period based on when you need the money.
- Bonds are usually safer than stocks.
- They offer fixed income through regular interest payments.
- They help balance risk in an investment portfolio.
Central Depository Services (India) Ltd
Yes, In case of Joint holder(s) All holder(s) need to sign account modification form
When we recd relevant documents, we will send to the acknowledgments to you within 7 working days
Account closure form duly signed by all the holder(s), to clear all debits (Trading + Demat) and shares should not be lying in demat account and in CUSA account.
Yes, You can have up to 3 nominee in demat account, with shared percentage to be mention compulsory
Yes, it can be done, BO should submit additional Transposition Request Form
(TRPF)
(BO- Beneficiary Owner and tranposition form- Name interchange (check name position)
Yes it can be done, BO should submit additional Transmission Request Form (TRF)
(Transmission form – In case of death client)
Delivery of Securities
If you sell any stock on T day then you are required to deliver the shares to us latest by 10.30 am on T+2 day. If you are not be able to give delivery then it will be marked as Short Delivery. The exchange will conduct an auction on T+2 day & the amount of auction will be debited to your account. Note: In the case of physical settlement of derivatives, the exchange conducts an auction on T+3 day
What is the CMBP ID?
CMBP ID for NSDL A/c is: IN564295. (NSE & BSE)
Account Opening
Please send an email on kyc@bpwealth.com or contact support and we will send account opening form and procedure to open the account
You are required to Sign the Account Modification Form and Proof of new bank account (Copy of Personalised Cheque Leaf / latest 3 month bank account statement duly certified by bank) and submit the same to your Relationship Manager. The Account Modification is available at www.bpwealth.com.
You are required to Sign the Account Modification Form and submit the same to your Relationship Manager. The Account Modification is available at www.bpwealth.com
You are required to Sign the Account Modification Form and submit the same to your Relationship Manager. The Account Modification is available at www.bpwealth.com
Any person who is an individual resident of India, HUF, NRI, proprietary firm, partnership firm or a company can open a trading account with BPW. Open A Free Demat Account
We offer customised brokerage schemes suited to your trading requirements. So the cost depends on the scheme that you choose while opening your trading account with us Open A Free Demat Account
Profit & Loss Statement
Click on the link to login to your back office
https://bit.ly/3pqYzx2
- The Profit and Loss report generates your profit and loss on your trades done during a particular time period. It generates only realised profit /Loss. If you have bought a stock and haven’t sold it then it will appear in the Holdings Report.
- To generate report, Go to Menu -> Profit /Loss -> Select segment -> mention period -> Show It generates separate report for Cash, FO, FX and Commodity segment as per segment selected.
Back-Office Reports
Click on the link to login to your back officehttps://bit.ly/3pqYzx2
Click on three horizontal lines on the top of the screen, Menu will open then select required reports.
- Enter your User ID (same as your Client Code) and your back office password.
- If you don’t have password, then click on Get Password and you will get SMS on your registered mobile number
- Alternatively, you can access back office from your Stoxbox Mobile app by clicking on the link
- Go to Menu
- Select Back office
Verify Basic Details
Click on the link https://bit.ly/3pqYzx2
After Login in Back Office from any of the above way, you can view all your details registered with us like Address, mobile number, email id, PAN number, bank details, Demat details etc.
EDIS
Electronic Delivery Instruction Slip or eDIS is a facility which allows you to sell shares when you have not submitted your Power of Attorney (POA).
No POA is not required to complete the EDIS process.
Power of Attorney
1. Specific POA:
Also known as a limited POA, this document gives limited authority to the broker. As the name suggests, the POA is made for a specific reason and offers limited control to the broker. It also contains a date up to which the document remains valid. Specific POAs can offer the broker permissions like transferring securities to a stock exchange upon the sale of shares, etc.2. General POA:
A general POA allows the broker to makes generic decisions on your behalf. This type of POA can offer more authority and power to the broker than a specific POA. Hence, it is not used when investing in the stock market.Untill what time does POA gets activated
The Securities and Exchange Board of India (SEBI) has prohibited brokers from using power of attorney (PoA) to transfer clients’ shares in equity markets. “Holding of a PoA by trading member/clearing member will not to be considered as equivalent to the collection of margin,” SEBI said in its circular.
POA is a legal stamp paper document and you will need to physically sign it and currier it back to us on the address mentioned below.
BP Wealth
4th Floor, Rustom Building, 29, Veer Nariman Road, Kala Ghoda, Fort, Mumbai, Maharashtra 400001
What is a POA
No, it’s not compulsory, but required for smooth operation of demat account. Remember it is required only for the demat account.
If you have not submitted the POA, you will be able to place delivery sell instructions by using the CDSL TPIN.
While you can buy shares without a PoA, you cannot always sell a share without a PoA. … However, when you sell your shares, the online broker debits these shares from your account and transfers them to the stock exchange. This is where the broker requires a PoA since the shares are exiting your demat account.
While trading futures and options or intraday equity trading, there is no requirement of the POA. But whenever you sell shares from your demat account or want to pledge them for getting margin for trading F&O, the POA is used to debit the shares from your demat account. This ensures that the entire process is online and less cumbersome.
Most Common Subscription Questions
Because we provide the best of research trading calls, research reports, high-quality ready-made portfolios, and a slick mobile trading application for free when you open your demat and trading account with StoxBox. Click here to Open your account.
No, you do not have to subscribe to any services to access our research recommendations.
Our Trading FAQs serve as a comprehensive guide for those venturing into the world of stock trading, with a specific focus on intraday options. Designed by Stoxbox, these FAQs cover an extensive range of topics, providing valuable insights for both beginners and seasoned traders. From the basics, such as opening a trading account, to more intricate details like selecting the ideal investments, our guide ensures that you have a thorough understanding of the trading process. Whether you’re seeking clarity on trading strategies or need assistance with technical aspects, our Trading FAQs offer a wealth of information to support your journey. With Stoxbox’s dedicated guidance, you can navigate the complexities of intraday options trading with confidence and make informed decisions that contribute to your trading success.
