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HOW to AVOID fraud in your account

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  #1  
Old 19th September 2007, 12:09 AM
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ankit is on a distinguished road
Default HOW to AVOID fraud in your account

Remember these do's and Donts while investing

1. Always issue an account payee cheque in favour of the compnay thats your broker. dont forget to write completely... like Kotak securities and not kotak

2. Always fill basic details of yourself in the KYC form and dont just sign it on blank form blindly.

3. Always remember to mention your email address in the KYC...... i repeat email address to be written with pen in the KYC with your hand writing. This will ensure that you have given your email address to the compnay for contract note...

In the event of not receiving of contract note by client within 24hrs the client has no obligation for those trades.

4.Never give any signature on consent forms to operators, RM's or BM for trade to be done from their side.

5.Take montly or quarterly ledger confirmation from your broker.

These r the basic mistakes that investors generally do.

Avoid these and happy investing

Ankit
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  #2  
Old 19th September 2007, 10:56 AM
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striker_rage is on a distinguished road
Default Re: HOW to AVOID fraud in your account

thanks ankit.....it was very informative
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