I am an very newbie to shares and have opened an demat & online trading a/c with sbicapsec.
I have tried to purchase some shares today, so i did the following
1) In the SbiCapSec Portal, I clicked on Fund Lien and transfered 2000 rupees from my saving a/c
For which i have recd. and Msg from Sbi stating that "Hold for INR 2000.00 created in you AC xxxx on 31/01/11. avi balance 12,541.30"
This step was like an trial to learn how to transfer money from savings a/c to demat a/c
2) Now, to purchase the shares I have transfered another 2000 from the saving a/c to demat a/c
After that I have placed an order for 10 shares of Cipla as Delivery for ruppes 3352.32 including brokerages ,etc
Following the pdf Demo on sbicapsec site, after confirming the order i have clicked on the DP lien , and gave the credentials as required, I got an alert message as "No Free (i dont remember exactly what it said, either Money/Lien) available in your a/c"
Now around 5:00 Pm i have recd. two msgs from sbi stating as
"Hold for INR 2000.00 REMOVED from you AC xxxx on 31/01/11. avi bal INR 14,541.30"
"Hold for INR 4000.00 created in you AC xxxx on 31/01/11. Avi bal INR 10,541.30"
Why where 2000 removed and why as 4000 added?
3) To check my trade status i have clicked on Trade Log button , but it shows only "success" , no entries are shown.
I know that shares are delivered after T+2 days, but why it isn't showing in the trade log
4) Later around 9:30 Pm i got the following messages from sbi
"Hold for INR 4000.00 removed rom you AC XXXx on 31/1/11. Avil Balnce INR 14,541.30"
"Available Balance in you Account xxxx on 31/1/11 is INR 11,188.98" (i.e 14k-cost of cipla shares)
"Hold for INR 647.68 created in you AC xxxx on 31/1/11. Avl Bal INR 10,541.30"
Now i am in total confusion about all the above processings, plz explain me the above processing
Does the money gets automatically transfered to the demat a/c bcoz it is linked with the savings a/c?
plz help
Thanks
I have tried to purchase some shares today, so i did the following
1) In the SbiCapSec Portal, I clicked on Fund Lien and transfered 2000 rupees from my saving a/c
For which i have recd. and Msg from Sbi stating that "Hold for INR 2000.00 created in you AC xxxx on 31/01/11. avi balance 12,541.30"
This step was like an trial to learn how to transfer money from savings a/c to demat a/c
2) Now, to purchase the shares I have transfered another 2000 from the saving a/c to demat a/c
After that I have placed an order for 10 shares of Cipla as Delivery for ruppes 3352.32 including brokerages ,etc
Following the pdf Demo on sbicapsec site, after confirming the order i have clicked on the DP lien , and gave the credentials as required, I got an alert message as "No Free (i dont remember exactly what it said, either Money/Lien) available in your a/c"
Now around 5:00 Pm i have recd. two msgs from sbi stating as
"Hold for INR 2000.00 REMOVED from you AC xxxx on 31/01/11. avi bal INR 14,541.30"
"Hold for INR 4000.00 created in you AC xxxx on 31/01/11. Avi bal INR 10,541.30"
Why where 2000 removed and why as 4000 added?
3) To check my trade status i have clicked on Trade Log button , but it shows only "success" , no entries are shown.
I know that shares are delivered after T+2 days, but why it isn't showing in the trade log
4) Later around 9:30 Pm i got the following messages from sbi
"Hold for INR 4000.00 removed rom you AC XXXx on 31/1/11. Avil Balnce INR 14,541.30"
"Available Balance in you Account xxxx on 31/1/11 is INR 11,188.98" (i.e 14k-cost of cipla shares)
"Hold for INR 647.68 created in you AC xxxx on 31/1/11. Avl Bal INR 10,541.30"
Now i am in total confusion about all the above processings, plz explain me the above processing
Does the money gets automatically transfered to the demat a/c bcoz it is linked with the savings a/c?
plz help
Thanks