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My Buy back of equity is accepted. How will I receive the funds?

by | Jul 19, 2018 |

Once Buy-Back of equity is accepted the funds are credited to your bank account linked with the Demat account. If you intend to receive funds in another bank account then please update the new bank account details with us before opting for Buy Back. Please Note* under normal circumstances the funds will be credited to your bank account within 7 to 10 working days from the date of closure of buyback...

What are all the charges involved for buy back offer?

by | Jul 19, 2018 |

A buyback is considered similar to an order. If accepted, it implies the same charges as implied for an order, like (Brokerage, Service Tax, Transaction charges, STT, Stamp charges etc.) plus calls n trade charges. Please Note*If a client’s account is inactive but intends to participate in a buyback then first the account needs to be reactivated and also funded with at least buy back...

What is the circuit limit or price band?

by | Jul 19, 2018 |

(Circuit limit / Price band) is a price range specified by the exchange for a security or script. It consists of upper & lower price limits which form a range within which the security can move for a given day. The daily circuit limit for a security differs from one another. Securities based on market capitalization, demand & volatility are distinguished in limits of 2%, 5%, 10% and 20%. And, it goes without saying that orders placed outside the circuit limit will be rejected since security cannot be traded out of its circuit limit. Example: The price band for a security XYZ is set at 10%. The previous closing rate of XYZ was Rs. 100. So the Circuit limit will be Rs. 90 to Rs. 110. Here the orders can be placed only within this...