Hi everyone,
I am a newbee to trading,
I was contacted by Kotak to open a new trading/dmat account.I was told that I need to pay 50,000 Rs. initially and I will be trading with this money.
I refused.
Again they contacted me saying that they have a new scheme with 3 in 1 account(with 0 balance saving account ).Brokerage charges would be normal.(0.5 delivery / 0.05 intraday). Here initially I need to give a cheque of 15000+ and can start trading.
Can you please let me know whether this in a normal practice by other brokers also?
I am a newbee to trading,
I was contacted by Kotak to open a new trading/dmat account.I was told that I need to pay 50,000 Rs. initially and I will be trading with this money.
I refused.
Again they contacted me saying that they have a new scheme with 3 in 1 account(with 0 balance saving account ).Brokerage charges would be normal.(0.5 delivery / 0.05 intraday). Here initially I need to give a cheque of 15000+ and can start trading.
Can you please let me know whether this in a normal practice by other brokers also?