How to do online trading through demat account
This means that you can buy and sell shares and forget about the hassles of settlements. Online investing is just a click away and settlements is no longer a problem. What is the 3-IN-1 concept? You can choose the branch closest to you to open your bank account. Can I have multiple Demat Accounts linked to e-invest account? Yes, you can link multiple Demat accounts to your e-Invest accounts with a maximum of 5 accounts. Can I have multiple Bank accounts linked to my e-invest account?
No, as of now you can only link one Bank account to your e-Invest account. To avail of the advantage offered by the integration of the brokerage, Bank and the Demat account, all the three accounts will have to be opened with ICICI group. Who is eligible for this service? How do I request a form? You can request our representative to visit you Select Cities Only by registering online through our website. I have sent in my application, what happens next? Your application will be processed and you will be informed once your application is accepted and all the required accounts are set up.
In case your application is not processed because of lack of some details, you will be contacted by our representative or by mail. How do I know my application has been accepted? As soon as your application is accepted, we will inform you by e-mail and mail.. In case, you login and your application has been accepted, you will be prompted to change your password.
Do I have to maintain any minimum balance in my Bank Account? Accounts opened after 31st Dec need to maintain a quarterly minimum balance of Rs.
Yes, you just need to tell us the account details and we shall link up your existing accounts with ICICIdirect e-Invest account for online investing. You can link up only an existing Bank account or only one or more Demat account s or both the existing Bank account and Demat Account s. What type of Bank Account can I use with my e-invest account? You can specify the account in the form and it will be linked with your e-Invest account.
How frequently will I be able to know the status of my accounts? The status of your Bank, Demat and e-Invest account shall be available to you completely online 24 hours a day through the Internet. You will be able to access all details regarding your orders and trades on the website. You will be able to see the results of your trade reflected in your Bank and Demat account on the very day of the settlement, without waiting for the statements from the DP and the Bank.
The Bank account opened with your e-Invest account is an Infinity Bank account. Infinity service can be accessed on the website www. Apart from allowing you to access your transaction history and current balance, Infinity allows you to transfer money from one account to another and also make online bill payments in Mumbai.
If you have opted for a new online bank account of have opted to link up your existing saving account which was not registered with Infinity , your Logon ID and Password will be mailed to you separately.
I am a new customer and have just been informed that my ICICIdirect e-invest account has been set up. How do I make my first trade? Please check our comprehensive section on Trading Guide. I want to buy some shares. I do not have any money in my Bank Account. What do I do? In case of a cheque, the money should come into your Bank account as soon as the cheque is cleared. Once you have funds in your bank account, you need to allocate the required amount for trading. Alternatively you can sell some shares from your Demat Account in the Cash Segment and use the money to purchase the shares you want to buy.
The amount of money required before placing a buy order or a margin sell order would depend on the value of the order. I have deposited a cheque but I am still not able to place a purchase order: There could be two reasons for this either the cheque is not cleared or you do not have adequate Trading Limit. Please check your Bank balance to find if you have adequate money in your Bank account. It is possible that there could be some delays in clearance of the cheque.
Even if you have adequate money in your Bank account you will get limit only after you allocate some money for trading or investment. Can I withdraw the amount allocated for trading? The way you can allocate funds for trading, you can always reduce the amount allocated by you for trading to the extent that the amount allocated has not been blocked on account of orders placed by you.
Once any amount is deallocated, it can be withdrawn from the bank. Can I borrow or get a line of credit against my Demat Account? Currently, we are not offering this service. But, we are evaluating ways to add to our product range. We would appreciate if you could give us feedback on the facility you want. On which exchanges will I be able to buy and sell shares?
What kind of orders can I place? You can place both market and limit orders. Limit Order is an order to buy or sell securities in which you specify the maximum price per unit in case of a Buy order and the minimum price per unit in case of a Sell order.
The actual transaction can be at a price more favourable than the price specified. Market Orders in NSE: This is an order to buy or sell securities at the best price obtainable in the market at the time it is matched by the exchange.
Therefore, chances of its getting executed are better. In case of market orders for NSE, all market orders placed which are not executed become limit orders at the last traded price.
Where a market order is not executed fully, it becomes a limit order for the balance quantity at the last traded price. Market Orders in BSE: Explanation Market orders can be placed only during market hours i. Which shares will I be able to buy and sell? You will be able to buy and sell all shares in the Cash Segment that are traded in the compulsory dematerialised form on the exchanges.
As of date, there are more than such shares. More and more shares are being added to this category every month by the regulatory authorities. Of these shares, you may place orders for select shares in the Margin Segment. Do I get online confirmation of orders and trades? Yes, you get online confirmation of orders and trades - the status of any order is updated on real-time basis in the Order Book.
As soon as you place your order they are validated by the system and sent to the exchange for execution. The entire process is fully automatic and there are no manual interventions. Is it possible that an order is accepted by the exchange but a trade does not take place against it? Is an order always executed for the full quantity? Is it always executed at one price? In case of a limit order, it might remain totally unexecuted if there are no matching orders.
For example, if you place a sell order for shares Rs. It might remain totally unexecuted if there are no buy orders for the share for a price of Rs. Further, an order can get executed for any quantity less than or equal to the order quantity. On part execution, the original order is converted into an order for the balance quantity against which another trade can happen. Since these are different trades, it is possible that the trades are executed at different price.
In case of market orders placed on NSE, even a market order might remain unexecuted if there are no matching orders.
In such cases, the unexecuted portion of the market order is converted into a limit order at the last traded price for the balance quantity. For example, when the last traded price of a share was Rs.
In case there are no or insufficient orders for buying shares, the unexecuted market order is converted automatically into a limit order to buy sell shares at a price of Rs. In case the order was partly executed and the last execution took place at Rs.
In case of market orders placed on BSE, all buy market orders go to the Exchange with the price of the best offer and all sell market orders go to the exchange with the price of the best bid offer. In case at that point of time it is found that that particular bid or offer is no longer present in the exchange this market order gets cancelled by the exchange. In case of part execution of market order, the remainder order gets converted into a limit order at the last executed price.
Can I modify my order? Yes, you can modify an order any time before execution. You can do this by accessing the Order Book page and clicking on the hyperlink for 'Modify' against the order which you wish to modify. However, you cannot modify your order while it is queued with the exchange, i. In case the order is already partly executed, only the unexecuted portion of the order can be modified. Can I cancel my order into the system?
Yes, you can cancel an order any time before execution. You can do this by accessing the Order Book page and clicking on the hyperlink for 'Cancel against the order which you wish to cancel. In case the order is already partly executed, only the unexecuted portion of the order can be cancelled. Can I enter orders after the trading hours? What happens to such orders? Yes, you can enter limit orders after trading hours. Orders placed after trading hours are queued in the system and are send to the exchange whenever the exchange next opens for trading.
In the Order Book, the status of such orders is shown as 'Requested'. Do I need to have money before buying of shares?
Yes, you need to have money in your Bank account before placing an order. Alternatively if you have sold some shares, the sale proceeds can be used to buy the shares you want. Can I go short? Yes, you can go short in the 'Margin Segment'However, such Sell positions need to be closed out before the specified time before the end of the settlement. You cannot go short in the Cash Segment'. Here, you can sell only those shares which are there in your demat account.
How will I be informed of my trade execution? The trade executions are confirmed online and the trading history is updated immediately. In the Order Book, the status of each order is updated on a real-time basis. On execution, the status changes to 'Executed' or 'Part Executed'.
You can view details of the trade executed by clicking on the link. In the Trade Book you will be able to see all the trades that have taken place. On clicking the link of Order Ref. In addition, you will receive e-mail confirmations. You can choose to receive the e-mail confirmation either for each trade when it is executed or a single one for all trades at the end of the day. The contract note will be send to you by mail at the end of the day.
What is a contract note? Contract note is a statement of confirmation of trade s done on a particular day for and on behalf of a client. A contract note is issued in the prescribed format and manner, establishing a legally enforceable relationship between the member and client in respect to the trades stated in that contract note.
Contract notes are made in duplicate, where the member and client both keep one copy each. Can I trade on margin? You can trade on margin on select stocks. However, the system cancels this order if it is not traded within a number of days parameterised by the Exchange. An Immediate or Cancel IOC order allows the user to buy or sell a security as soon as the order is released into the system, failing which the order is cancelled from the system.
Partial match is possible for the order and the unmatched portion of the order is cancelled immediately. Any unexecuted order pending at the end of the trading session for the day gets expired.
What is a Disclose Quantity DQ order? Normally, the order quantity is disclosed in full to the market. For example, an order of with a disclosed quantity condition of will mean that is displayed to the market at a time. After this is traded, another is automatically released and so on till the full order is executed. What is a Stop Loss order? A Stop loss order allows the client to place an order which gets activated only when the market price of the relevant security reaches or crosses a threshold price specified by the investor in the form of 'Stop Loss Trigger Price'.
When a stop loss trigger price SLTP is specified in a limit order, the order becomes one which is conditional on the market price of the stock crossing the specified SLTP.
The order remains passive i. Once the last traded price of the stock reaches or surpasses the SLTP, the order becomes activated i. It is used as a tool to limit the maximum loss on a position. However, in the event the price rises above his buy price 'A' would like to limit his losses. The stop loss trigger price SLTP has to be between the last traded price and the buy limit price.
Rs , the order gets converted to a limit buy order at Rs However, in the event the price falls, 'A' would like to limit his his losses. The stop loss trigger price has to be between the limit price and the last traded price at the time of placing the stop loss order. Once the last traded price touches or crosses Rs. This is treated as a normal order because the condition that the last traded price should exceed the stop loss trigger price for a buy order is already satisfied.
Similary, in case of a stop loss sell order the SLTP should not be greater than the last traded price for the same reason. What are price bands? The exchanges have fixed price bands for all t securities within which they can move within a day i. Orders outside the minimum and the maximum of the range are not allowed to be entered into the system. The previous day's closing price is taken as the base price for calculating the price bands. What is a Settlement cycle?
Please refer Learning Centre. If I have purchased a share, do I have to take delivery? No you can choose to sell the share before the end of settlement cycle. However once the settlement cycle is over you have to take delivery by paying for it. If I have sold, do I have to give delivery of shares?
No you can choose to buy the share before the end of settlement cycle. However once the settlement cycle is over you have to give the delivery of shares from your Demat account.
I buy a share, how will the payment be made and how will I get the shares? The payment will be made on the Pay-In day which depends on the settlement cycle and the exchange. The shares received from the exchange will be automatically transferred to your Demat Account. The money required for purchase will be transferred from your Bank account.
A similar process takes place when you sell the share. I have bought some shares but some amount has not been deducted from my Bank Account? The amount will be deducted from your bank account at the time of settlement. At times, however, the share may be in 'No Delivery' and hence the payment may need to be made after the 'No Delivery Period' is over, which might be weeks away.
The date on which amount is to be deducted from your account can be checked from the 'Cash Projection' page. I have bought some shares but shares have not come into my demat account? The shares will come into your demat account at the time of settlement. Hence you can expect the shares to come into your Demat account on Pay-Out of securities i.
In case you do not receive the shares, it may be due to the stock being in 'No Delivery' period. In this case the shares will come from the exchange after the 'No Delivery' period is over which could be weeks away. The date on which the shares are to be credited to your Demat Account is indicated on the Order verification screen which comes up on submitting a Sell order.
Alternatively, it is possible that the shares may not have come from the exchange because of short delivery by the counter party selling broker.. In this case, the exchange conducts an auction to buy the shares to the extent delivered short by any broker from the open market and the shares may be received a few days later. If the shares are not received in an auction also, the exchange suitably charges penalty from the person liable to deliver the shares. You are suitably compensated and the consideration is remitted to you as soon as it is received from the exchange.
I have sold some shares but the payment has not come into my bank account? The amount will be come into your bank account at the time of settlement. At times, however, the share may be in 'No Delivery' and hence the payment may be received only after the 'No Delivery Period' is over, which might be weeks away.
The date on which amount is to be credited to your account can be checked from the 'Security Projections' page. I have bought some shares but they still have not come to demat account. Can I sell them? If you are within the same settlement cycle in which you purchased the shares you can sell them.
Or else you can also sell the share using the BTST facility available. What is a short delivery? Short delivery refers to a situation where a client, who has sold certain shares during a settlement cycle fails to deliver the shares to the member either fully or partly. What is an auction? An auction is a mechanism utilised by the exchange to fulfil 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.
Auctions are generally held on Friday. What factors give rise to an auction? There are three factors, which primarily give rise to an auction: Un-rectified Bad Deliveries - this is relevant only in respect of shares in physical form 3. What happens if the shares are not bought in the auction? If the shares could not be bought in the auction i. The pay-in and pay-out of funds for auction square up is held along with the pay-out for the relevant auction.
In case the price movement is adverse, you incur a loss. The date on which the shares are to be credited to your Demat Account is indicated on the Order verification screen which comes up on submitting a Sell order.
Alternatively, it is possible that the shares may not have come from the exchange because of short delivery by the counter party selling broker.. In this case, the exchange conducts an auction to buy the shares to the extent delivered short by any broker from the open market and the shares may be received a few days later.
If the shares are not received in an auction also, the exchange suitably charges penalty from the person liable to deliver the shares. You are suitably compensated and the consideration is remitted to you as soon as it is received from the exchange. I have sold some shares but the payment has not come into my bank account? The amount will be come into your bank account at the time of settlement. At times, however, the share may be in 'No Delivery' and hence the payment may be received only after the 'No Delivery Period' is over, which might be weeks away.
The date on which amount is to be credited to your account can be checked from the 'Security Projections' page. I have bought some shares but they still have not come to demat account.
Can I sell them? If you are within the same settlement cycle in which you purchased the shares you can sell them. Or else you can also sell the share using the BTST facility available.
What is a short delivery? Short delivery refers to a situation where a client, who has sold certain shares during a settlement cycle fails to deliver the shares to the member either fully or partly. What is an auction? An auction is a mechanism utilised by the exchange to fulfil 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. Auctions are generally held on Friday. What factors give rise to an auction? There are three factors, which primarily give rise to an auction: Un-rectified Bad Deliveries - this is relevant only in respect of shares in physical form 3.
What happens if the shares are not bought in the auction? If the shares could not be bought in the auction i. The pay-in and pay-out of funds for auction square up is held along with the pay-out for the relevant auction. In case the price movement is adverse, you incur a loss. However, margins are blocked only to safeguard against any adverse price movement. At present, you have to place However, the risk profile of your transactions goes up. How is margin trading different from trading in Cash segment?
For example, when you place an order to buy shares of Reliance in the cash segment, your intention is to pay for and receive the shares in your Demat Account. However, if the same order were to be placed in the margin segment, your intention would be to sell those shares subsequently in the same settlement at a higher price and thereby make a profit on the same. However, if the price falls subsequently, there may be a loss. Since a cash position is meant to be settled by delivery, the required cash or securities are blocked in full.
A sell order in the margin segment can be placed even without having any stock in demat account. However, unlike the sell order in the cash segment which can be placed without having any limit, a sell order in margin can be placed only if sufficient limit is available.
The most important thing to understand is that though you can leverage on your trading limit with margin trading, the risk profile of your transactions goes up substantially. Which stocks are eligible for margin trading? Why is the stock list restricted to specific scrips only? At present, we have enabled select shares for trading in the margin segment.
Only those stocks, which meet the criteria on liquidity and volume have been considered for margin trading. Technically, the stocks having low impact cost have been considered for margin trading. Technically, the stocks having low impact cost have been included. In the "Buy" and "Sell" page, you need to opt for "Margin" in the "Product" drop down box. All other order parameters remain the same. In case you face any problem, you please refer to the "Help" section on the page.
Can I short sell the shares i. Yes, you can short sell the shares in margin segment. Do you block the shares in DP when a sell order is placed in the margin segment?
Unlike the sell order in the cash segment, there is no block on your holdings in the demat account. How much margin would be blocked on placing the margin order? Initially, margin is blocked at the applicable margin percentage of the order value.
For market orders, margin is blocked considering the order price as the last traded price of the stock. On execution of the order, the same is suitably adjusted as per the actual execution price of the market order. It may not be so. Margin percentage may differ from stock to stock and settlement to settlement based on the risk involved in the stock, which depends upon the liquidity and volatility of the respective stock besides the general market conditions.
What is meant by 'squaring off a position'? What is a cover order? Squaring off a position means closing out a margin position. For example, if you have a margin buy position of Reliance Shares', squaring off this position would mean selling Reliance shares in the same settlement. The order placed for squaring off an open position is called a cover order.
In the example, the order placed to sell Reliance shares is a cover order against the open position - 'Bought Reliance Shares'. Is margin blocked on all margin orders? Margin is blocked only on margin orders, which are in the nature of building up fresh positions. For example, if you have a buy position executed trade of shares in Reliance in margin and now place a sell order for shares in Reliance in margin, the sell order would not attract any margin as it is in the nature of a cover order.
However, if you place a sell order for shares, the fresh component of the order i. Such orders can be called 'partial cover order'. Please note that cover order is recognized only against the executed open position and not against pending order. For example, if you have a pending buy order of shares in TISCO and want to place a sell order of shares in TISCO at a higher price, the sell order would not be recognized as a cover order and shall accordingly attract margin.
If it is an execution of a fresh order i. Accordingly the limits are adjusted for differential margin. If it is an execution of a cover order order which would result into square off of an existing open position in margin , the following impact would be factored into the limits: How do I differentiate between margin orders and cash orders in the order book?
Margin orders are displayed with a yellow background while cash orders are displayed with a white background to distinguish between the two order types. How do I see my open positions in margin? You can view all open margin positions by clicking on "Margin Positions" on the trading page. How do I place a square off order in margin to cover my open positions? How does the profit and loss recognized on execution of square up cover orders?
For example, say you have a margin position - 'Buy Reliance Shares' at an average price of Rs. If you square off a part of the position by selling 60 Reliance Shares Rs. What is meant by 'Convert to Delivery'? Can I choose not to square off a margin position? Margin positions are meant to be squared off.
However, if you want, you can choose to receive or give delivery of shares against your positions. The expression of this intention is 'Convert to Delivery'. For example, if you have a margin position of 'Buy Reliance Shares', instead of squaring off this position by selling Reliance shares in the same settlement, you can choose to receive delivery against the same. You can convert even a part of the total quantity of How do I convert my margin position into delivery cash segment?
Only the position in margin can be converted to delivery cash and not vice versa. Can I convert my pending margin order into an Order for Cash Segment? Only the executed margin position can be converted to delivery cash segment and not the pending orders in margin.
In such case, you can cancel your margin order and place a fresh order in cash. Is there any additional brokerage charged on margin positions converted to delivery? All margin positions converted to delivery shall attract additional brokerage for the difference in the brokerage applicable for margin and cash segment. When do you release the margins blocked on margin positions?
When the margin position is closed out either by squaring off or converting to delivery , the proportionate margin blocked on the position so squared off is released back and added to the limits. How does 'conversion to delivery' impact limits? On converting a 'Sell' position to delivery, the converted quantity is blocked in your Demat account.
Threshold MTM mark to market Loss percentage is the maximum loss percentage up to which additional margin shall not be called for. Once the actual MTM loss percentage exceeds the threshold MTM loss percentage, our system would block additional margin required from the limit available. The scrip will be disabled from further trading in the margin segment.
If the scrip is in positive compared with the previous trading day closing price, then all pending sale orders will be cancelled and all short positions will be squared off at market price. Similarly, If the scrip is in negative compared with the previous trading day closing price then all pending buy orders will be cancelled and all the long positions will be squared off at market price.
How do you calculate additional margin required when the MTM loss is more than the threshold per cent? The available margin on the stock as per the "Margin Position" table is first reduced by the actual MTM loss amount to arrive at the effective available margin. The effective available margin is compared with the margin required to continue with the position i. Current market price at the applicable margin percentage and the difference is called for as Additional Margin.
For example say you have bought shares of XYZ at Rs. You would be having a margin of Rs. The current market price is now say Rs.
Additional margin to be calculated as follows: If the limit is not sufficient to meet the call for additional margins, ICICIdirect may close out the margin position by placing a market square off order. However, before placing the square off order all pending margin orders in that stock are cancelled by ICICIdirect. How do you call for additional margin during the MTM process?
Once the MTM loss percentage exceeds the threshold MTM loss percentage, our system would block additional margin required out of the limits available. What happens if limits are not sufficient to meet the additional margin requirements? Our risk monitoring system can place a market square off order to close the position.
However, before placing the square off order all pending margin orders in that stock shall be cancelled by our risk monitoring system. What happens if the limit is insufficient to meet a margin call but there are unallocated clear funds available in the bank account?
While making an online check for available additional margin, our system would restrict itself only to the extent of trading limit and would not absorb any amount out of un-allocated funds so as to keep your normal banking operations undisturbed. It is, therefore, advisable to have adequate surplus funds allocated for trading when you have open margin positions.
Can I do anything to safeguard the positions from being closed out? Yes, you can always allocate additional margin, suo moto, on any open margin position. Since the close-out process is triggered when losses exceed the threshold level and available margin is less than the margin required, having adequate margins can avoid calls for any additional margin in case the market turns unfavorably volatile with respect to your position.
You can add margin to your position by clicking on "Add Margin" on the "Margin Position" page by specifying the margin amount to be allocated further. In case of profit on a margin position or where the Available Margin is in excess of the Margin Required, can I reduce the margin against the position to increase my limit? Margin though in excess of the requirements cannot be reduced by you.
The only way margin is released is by canceling the margin order where margin is blocked against a margin order or by closing out a margin position where margin is blocked against a margin position. Is it compulsory to square off the position within the settlement? It is compulsory to square off all your open positions net of what has already been converted to delivery within the settlement.
What is the stipulated time limit up to which the margin positions need to be compulsorily squared off? The stipulated time for end of settlement process will be displayed on the margin position page of our site on the last day of settlement. Can I do convert my margin position to Delivery Cash segment instead of squaring up the position before the time limit expires?
Yes, you can do so at any time before the stipulated time limit. In case the stock is in No Delivery, Can I have extended period to square up my position?
What happens if I do not square off my position before the stipulated time limit on the last day of the settlement? In such a case, our risk monitoring system shall have the option to place an auto square off order to close out your open position. What happens if for some reason a margin position remains open at the end of settlement? Our risk monitoring system would square off the position but the onus lies on you to close out all open positions.
The registered shareholders of the company are entitled to corporate benefits such as dividend, bonus, rights etc. Since, the ownership of shares of companies traded on the stock exchange is freely transferable and to enable the company to know the persons entitled to the benefits, all transfers of securities have to be registered with the company this is required in case of transfer of shares in physical form.
Since transfer of securities is a continuous process open any time, the company announces cut off dates from time to time and members on the register of shareholders as of these cut off dates are entitled to the benefits. Such cut-off dates are record dates. Alternatively, the company might choose the close the register of shareholders for registration of transfer during a specified period. All transfer requests received before the commencement of the book closure or on or before the record date are considered for the purpose of transfer.
A Company cannot close its books for more than 30 days at stretch for a book closure, and not more 45 days in a year. The period between two Book Closure cannot be less than 90 days. What is the difference between book-closure and record-date? During this period, the company had closed its register of security holders. This was done to determine the number of registered members who were eligible for the Bonus 3: The process of transfer of shares was operational till 5th July' During this period, trading was permitted in the securities but the trades were settled only after 9th July.
Hence, the buyers of the shares were not be eligible for the Bonus 3: The first day of the No Delivery period is considered as an Ex - Date since the buyer of the shares is not eligible for the corporate benefits for this BC.
The same logic holds good for Record date, but the two main differences are that: In case of a record date, the company does not close its register of security holders. What is a 'No Delivery' period?
Whenever, a book closure or a record date is announced by a company, the exchange sets up a 'No Delivery' period for that security. During this period, trading is permitted in the security. However, these trades are settled only after the No-Delivery period is over. The start of No-Delivery period is the ex-date of the settlement.
The settlement is clubbed with the settlement of the week whose pay-out date falls just after the end of the no-delivery period. This is done to ensure that investor's entitlement for the corporate benefits is clearly determined. No-delivery period generally extends to all weekly cycles touched from 15 days prior to the record date and 4 days subsequent to the record date both inclusive.
What is an ex-date? The first day of the 'No Delivery' period is the ex-date viz. The ordinary and NPP shares of the company thus carry disproportionate rights as to dividend, although their market price remains the same. To compensate, the buyer to whom these new shares are delivered, for loss of pro rata dividend, the NPP benefit is passed on to the buyer of these NPP shares.
Thus if you sell of NPP shares you will have to pay, the dividend declared in respect of ordinary shares and this NPP amount shall be deducted from the sale price. This old-new compensatory value ONCV is referred to as 'new share dividend'.
The Exchange publishes a list of the scrips that are eligible to receive pro-rata dividend non pari-passu per settlement. The list contains the details pertaining to the distinctive nos. Research And Other Resources. What other resources will the site offer me to help in taking smarter online investment decisions? Our site will offer you a comprehensive set of resources like online quotes, news, charts, financial databases, company reports, earnings estimates and a host of research based tools to help you make better decisions.
We will also offer a comprehensive markets page where you can get to the latest update on markets, trends, news and events affecting the markets. Please ensure that the ARN is written on your application form. This ARN will be used for tracking the customer registration request. We will inform you when your application is processed and your account is set up.
Once your account is set up, we will inform you by e-mail and you will be prompted to change your Password, the fist time you login after your account is set up. If you have filled up the application forms for E-invest account directly without registering on the site, We would dispatch your LOGON-id and password by normal post in a sealed envelope. Your account shall be activated for trading only after we receive your confirmation of you having received the same in a sealed condition.
How do I Change my password: You can change your password anytime by accessing our Customer Service Section. In fact we strongly advise you to periodically change your password for added security. I have forgotten my password, what do I do? If you have forgotten your password , please click on the Forgot your Password link in the Login page. In case you give the right answers, your password will be reset and you will be prompted to specify a new Password.
Even then, if you are not able to access our website , please contact us by sending an e-mail to helpdesk ICICIdirect. How secure are my transactions? ICICIdirect brings you the highest standards of security, which are commercially available on the net. Millions of customers are dealing in shares on the net. We bring you the same level of security standards, which are used by leading international trading sites.
We use two level of securities on our web site: Secure Socket Layers SSL and bit encryption technology to provide you the higher commercial available security standard on our web site. This is a worldwide standard of security adopted by all international online trading sites. SSL is a method of sending private documents through the internet by using a private key to secure messages.
Data encryption methods are used to achieve data security. How safe is my Bank Account? Although your bank account is linked to the brokerage account, only you have access to it.
ICICIdirect has access to it to the extent of the amount that you allocate exclusively for trading. How safe are my Logon Id and password? Your Logon Id and Password are only known to you as these are stored in encrypted form with us.