@Finvasia
Kindly clarify demat debit charges in following 2 conditions:
(1) I sell shares lying in pool account.
(2) Sell shares by transferring shares by Easiest facility from my demat account to your pool account.
I understand demat debit charges are not levied if shares in pool account are sold. (kindly clarify)
Hi Biker
Firstly, we would like to explain the process
There are three accounts
1. Broker Pool account
2. Broker Beneficiary Account
3. Client Beneficiary Account
As a process, exchange shall drop all shares in Broker Pool account. Based on client standing instruction, the shares are either transferred directly from Broker Pool Account to Client Beni Account or Broker Beni account. There are no charges for transferring stocks from Broker Pool Account. Once shares have been transferred to any Beni account (Broker or Client), any further transfer has a cost. Now, let's discuss your query.
(1) I sell shares lying in pool account.
If shares are sold from Broker Beni Account, there shall be debit charges for transfer to Broker Pool Account, in case of sell. Similarly, debit charges for selling and transferring from Client Beni A/c to Broker Pool account.
(2) Sell shares by transferring shares by Easiest facility from my demat account to your pool account.
In case of POA or Easiest, the shares have moved from Client Beni Account to either Broker Beni account for additional margin or Broker Pool Account to settle sold shares, there shall be debit charges.
Hope this explain. Please reach us for any further clarifications. Thanks