Margin Money for Anad Rathi new A/C?
Hello
About a week back I filled up an a/c opening form with Anad Rathi through one of their local agent. Today i received a call from that agent informing me that there is a rule change by NSE making every new a/c opening form must be accompanied by a Margin Money cheque of Rs. 10,000 in the name of the broker. At the time of a/c opening the agent told me that there is no obligation for me to invest/ provide any margin money, but now he says there is, though I can withdrew that amount after sending a special request after 7-10 days once the new account is functional.
Is it really true? Has there been a change of rule?
Please help.
Thank you.
Hello
About a week back I filled up an a/c opening form with Anad Rathi through one of their local agent. Today i received a call from that agent informing me that there is a rule change by NSE making every new a/c opening form must be accompanied by a Margin Money cheque of Rs. 10,000 in the name of the broker. At the time of a/c opening the agent told me that there is no obligation for me to invest/ provide any margin money, but now he says there is, though I can withdrew that amount after sending a special request after 7-10 days once the new account is functional.
Is it really true? Has there been a change of rule?
Please help.
Thank you.
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