Sometimes, good luck comes to your rescue during helpess situations.
Currently, I am working with Retail MNC as a Marketing Manager and maintain trading account with Indiabulls. During the recent bloodbath in the stock market, I was called upon one day by Atul (my RM in Indiabulls) about the insufficient margin and asked me to fill-in the account immediately to avoid dilution of my portfolio.
At that time, I was in Chandigarh on tour and was not in a position to hand him out the cheque as normal broking house demand during such situations.
Aghast!! I asked him the way to help me out. He asked me whether I maintain a savings a/c with ICICI, HDFC or IDBI since Indiabulls provide instant transfer funds facility with these banks. Thank God!! I said instantly, since I maintain regular savings a/c with HDFC. I found one cybercafe near to my conference venue from where I logged on to their trading website and transferred funds to my trading account instantly.
Friends!!! My main objective is to share my first hands-on experience with new technology that have helped in maintaing my trading account more efficiently than before. Dropping a cheque and waiting for 2 days to get it cleared are the things of passe. You can now use Online Payment gateways offered by your Stock Broker (especially if you are associated with big broking houses) to transfer funds instantly.
So, next time if you face the similar situation that I faced few days back, don't haste... Just log in online and transfer money easily.
Friends!! Do share your views if you too have faced such intersting situations while trading. ANd yes before I say Saayo-Nara!! I would like to say thanks to Traderji for creating this unqiue platform for Indian investors and I mjst say "Traderji you are doing a great job!!!!!"
Currently, I am working with Retail MNC as a Marketing Manager and maintain trading account with Indiabulls. During the recent bloodbath in the stock market, I was called upon one day by Atul (my RM in Indiabulls) about the insufficient margin and asked me to fill-in the account immediately to avoid dilution of my portfolio.
At that time, I was in Chandigarh on tour and was not in a position to hand him out the cheque as normal broking house demand during such situations.
Aghast!! I asked him the way to help me out. He asked me whether I maintain a savings a/c with ICICI, HDFC or IDBI since Indiabulls provide instant transfer funds facility with these banks. Thank God!! I said instantly, since I maintain regular savings a/c with HDFC. I found one cybercafe near to my conference venue from where I logged on to their trading website and transferred funds to my trading account instantly.
Friends!!! My main objective is to share my first hands-on experience with new technology that have helped in maintaing my trading account more efficiently than before. Dropping a cheque and waiting for 2 days to get it cleared are the things of passe. You can now use Online Payment gateways offered by your Stock Broker (especially if you are associated with big broking houses) to transfer funds instantly.
So, next time if you face the similar situation that I faced few days back, don't haste... Just log in online and transfer money easily.
Friends!! Do share your views if you too have faced such intersting situations while trading. ANd yes before I say Saayo-Nara!! I would like to say thanks to Traderji for creating this unqiue platform for Indian investors and I mjst say "Traderji you are doing a great job!!!!!"
