Icici demat

K

keenkiran

New Member
#1
#1
Hi..

I have a small doubt here.I bought some shares on 30 March 09 and still they are not yet credited into my DEMAT account.I thought of selling them today as the market is good.But when I tried placing an order it throws an error saying "Insufficient allocation ".Can anybody tell me whether it is normal? I am a novice to trading :(
In how many days will the shares get credited in ICICI Direct ?

Regards,
KK
 
A

ag_fx

Well-Known Member
#2
#2
keenkiran said:
Hi..

I have a small doubt here.I bought some shares on 30 March 09 and still they are not yet credited into my DEMAT account.I thought of selling them today as the market is good.But when I tried placing an order it throws an error saying "Insufficient allocation ".Can anybody tell me whether it is normal? I am a novice to trading :(
In how many days will the shares get credited in ICICI Direct ?

Regards,
KK
Click to expand...
When you buy shares in cash segment, they are settled on T+2 basis. That is 2 days after you have bought the shares, the shares would come to your account. Thats how clearing and settlement takes place. You may want to take a look at the www.nseindia.com for further details.
 
Nava

Nava

Active Member
#3
#3
keenkiran said:
Hi..

I have a small doubt here.I bought some shares on 30 March 09 and still they are not yet credited into my DEMAT account.I thought of selling them today as the market is good.But when I tried placing an order it throws an error saying "Insufficient allocation ".Can anybody tell me whether it is normal? I am a novice to trading :(
In how many days will the shares get credited in ICICI Direct ?

Regards,
KK
Click to expand...
Hi, KK

You can able sell some company's shares before allocation in your account.
That is called BTST (Buy today sell tomorrow). To check this you have to click 'Security projection' in Trading page. There you can find those shares you bought it yesterday wiht (BTST). But the brokerage is different for this BTST.

Regards,
Nava,
 
N

NOMINDTR

Well-Known Member
#4
#4
Possibilities

Your demat is not credited as it is yet to become T+2

If so, check whether the stock is in BTST list.

If T+2 is done, then try clicking "allocate" link in your demat section
 
N

NOMINDTR

Well-Known Member
#6
#6
hbkhrushikesh said:
can a cash transaction be changed to BTST if the link is available for that share? will brokerage be charged again?

thanks
Rishi
Click to expand...
BTST is nothing but a CASH transaction in every respect, except you can do it before T+2
 
H

hbkhrushikesh

Member
#7
#7
gsalvadi said:
BTST is nothing but a CASH transaction in every respect, except you can do it before T+2
Click to expand...
ok. what I wanted to know was... if i have already done a cash transaction, and as mentioned in this post ... if hte price goes up by an amt that i am comfortable selling at the next day ( but cant as it is not T+2 as yet) then can i just convert taht transaction into BTST by clickin on the BTST link ( if its available for that share) and will extra brokerage be charged if I did that?

Thanks,
Rishi
 
N

NOMINDTR

Well-Known Member
#8
#8
hbkhrushikesh said:
ok. what I wanted to know was... if i have already done a cash transaction, and as mentioned in this post ... if hte price goes up by an amt that i am comfortable selling at the next day ( but cant as it is not T+2 as yet) then can i just convert taht transaction into BTST by clickin on the BTST link ( if its available for that share) and will extra brokerage be charged if I did that?

Thanks,
Rishi
Click to expand...
I don't know what do you mean by "extra brokerage"

By selling BTST (by clicking the link), you will be charged brokerage as like as you sell CASH
 
H

hbkhrushikesh

Member
#9
#9
gsalvadi said:
I don't know what do you mean by "extra brokerage"

By selling BTST (by clicking the link), you will be charged brokerage as like as you sell CASH
Click to expand...
i meant will i be charged for buying in the cash transaction and then again for converting it to BTST and then finally again when i sell them.

so the 'extra' bit was when i convert them..... will that happen???
 
rohangawale

rohangawale

Well-Known Member
#10
#10
hbkhrushikesh said:
i meant will i be charged for buying in the cash transaction and then again for converting it to BTST and then finally again when i sell them.

so the 'extra' bit was when i convert them..... will that happen???
Click to expand...
i dont think anything extra brok will be charged.
it will be ur normal brok as u pay in cash transacctions
 
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