is it possible to trnsfr money in my demata/c to anothera/c which is not with my name

#1
Hi Folks,

please clarify my doubt here...

some body told that if your login id and password known others , they can tansfer your amount/shares in demat a/c(name: X) to their a/c(Name:y). Is it right?
if so, how itz possible?bcz, it's only possible if it is only with linked a/c or other broker a/c with same name only. Somebody please clarify my doubt...

-Thanks,
Ashk
 
#2
Re: is it possible to trnsfr money in my demata/c to anothera/c which is not with my

Hi Folks,

please clarify my doubt here...

some body told that if your login id and password known others , they can tansfer your amount/shares in demat a/c(name: X) to their a/c(Name:y). Is it right?
if so, how itz possible?bcz, it's only possible if it is only with linked a/c or other broker a/c with same name only. Somebody please clarify my doubt...

-Thanks,
Ashk

transfer is never possible!!!

but the intruder can use ur account for trading on your behalf. This can be selling ur holdings at a loss or buying scrips at a higher cost etc. and all these will happen on ur name/identity