cAN ANYONE SOLVE MY QUERY???

PLEASE SEE THE IMAGE ATTACHED AND TELL
WHAT ALL IS THIS FUND hOLD rELEASE IN MY TRADING SOFTWARE?

WHAT DOES IT STAND FOR AND WHAT TO DO WITH THEM???

I am not using hdfc and not commenting on that...

but keep it up .. were in doubt keep asking ... u will never fail ..

its basically the amount of unutilized funds from your savings account to be held in your trading account or released from trading accnt to your savings account.

It would be appreciated if you avoid using all caps.

One answer here: Sooooo Confused with HDFCsec Hold/Release Option

I use CanMoney, but with a similar interface, so trying to clarify.

'Hold' is a facility to "HOLD' / "Block" the of money specified by you in your linked bank account and will make available those funds to your trading account so that you can go long / short in your chosen instruments. When you HOLD some amount, the said amount is not available for cash withdrawal, but is available for trading.

Same way, when you RELEASE some amount, the said amount is reduced from the amount available for trading, but cash withdrawal from your bank account is increased.

At the end of the day, the actual net amounts will be credited / debited to your bank cash balance / trading balance.

murthymsr

Funds Hold / release options are available to allocate your funds to your Trading account. applicable for trades in equity margin & derivative.

further if u have cancelled any order in the day...the "release" option can be used to release funds.... than having to wait till end of day for the system to release the funds.

hope this helped

If you want to buy Shares/ equities using HDFC ,you cannot click on the "Buy" option.If you do that the system will not "Buy" the shares you specified.

Instead , the First step you do is - click on the " Hold" funds option.
In the box specified enter the amount you want to use to buy the estimated number of shares.

Eg:- If you want to buy 50 shares of Exide,and the current market price is Rs 135/ per share,the total would add up to Rs 6,750. So you need to "hold" funds of at least Rs 6,750 and above.

Second step is to click on the "Buy" option and fill the required boxes and click submit to complete the transaction.

The funds are "held" from your available bank balance in HDFC. If the transaction could not be completed by the end of the day...it will be "released" back into your account.

Thanx everyone.

I have learnt a lot since the time i posted this query. all due to ppl like u.

:clapping:

Bro, to be sure why don'tu pick up the phone and call them....

Why all the confusion??

Placing order online thru HDFC Securities, there is no need to create funds from funds hold and release option and ensure u have allowed pop up blockers in you PC or laptop.

For more information u may contact there customer care desk