Client Financial Details Form

#1
It seems that to trade in FnO, every trader must on an annual basis submit a Client Financial Details form to his broker. What is the significance of this form and why is it applicable only to FnO segment?
 

tradedatrend

Well-Known Member
#2
It seems that to trade in FnO, every trader must on an annual basis submit a Client Financial Details form to his broker. What is the significance of this form and why is it applicable only to FnO segment?
No such statements are required, at best you can be asked to provide bank statement for last six month
 

manishchan

Well-Known Member
#3
It seems that to trade in FnO, every trader must on an annual basis submit a Client Financial Details form to his broker. What is the significance of this form and why is it applicable only to FnO segment?
Financial details is nothing but the proof of income... or in crude way.. "whether you have money or not that you can afford to loose in the market" ;)

It could be nything.. like your salary slip, ITR (if you are working) or if not working, then 6 months of bank statement...