What do u mean by instruction fail charges??

Discussion in 'Investors Grievances' started by magnet, Jul 17, 2009.

  1. magnet

    magnet Active Member

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    I was looking to open a new demat account...

    But on sites like sbi i find standard instruction fail charges etc......

    What does it mean...does it mean say today satyam is 70 today and i put a buy option at 67...and suppose the whole day it remain above 70 and target failed....so i didnt got the share...but still i will b charge for not having got any share..since i apply for it ?
     
  2. bunny

    bunny Well-Known Member

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    I don't know what that thing exactly is, but definitely, in any system, you will not be credited/debited for orders not executed.
     
  3. magnet

    magnet Active Member

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  4. magnet

    magnet Active Member

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    no reply yet???
     
  5. MurAtt

    MurAtt Well-Known Member

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    Instruction Failed Charges are somewhat like this :

    THIS IS FOR A/C without P.O.A. (Power of Attorney to Service Provider in this case SBI)
    If you sell shares which are in your Demat Account, you will have to give PHYSICAL INSTRUCTION to bank to debit your a/c and credit your broker's (or whatever a/c no your broker has given you) account. If you fail this somehow then you will be charged.

    This is what I know abt INSTRUCTION FAILED

    BUT PLEASE VERIFY from other sources too as I can be wrong ....
     
  6. magnet

    magnet Active Member

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    I tried but sbi ppl are most non cooperative at my area......ill ask a news channel..but damn my cablewala have removed that channel so cant see it now
     

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