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i. Receive a copy of KYC, copy of account opening documents.
ii. No minimum balance is required to be maintained in a demat account.
iii. No charges are payable for opening of demat accounts.
iv. If executed, receive a copy of Power of Attorney. However, Power of Attorney is not a mandatory requirement as per SEBI / Stock Exchanges. You have the right to revoke any authorization given at any time.
v. You can open more than one demat account in the same name with single DP/multiple DPs.
vi. Receive statement of accounts periodically. In case of any discrepancies in statements, take up the same with the DP immediately. If the DP does not respond, take up the matter with the Depositories.
vii. Pledge and /or any other interest or encumbrance can be created on demat holdings.
viii. Right to give standing instructions with regard to the crediting of securities in demat account.
ix. Investor can exercise its right to freeze/defreeze his/her demat account or specific securities / specific quantity of securities in the account, maintained
with the DP.
x. In case of any grievances, Investor has right to approach Participant or
Depository or SEBI for getting the same resolved within prescribed timelines.
xi. Every eligible investor shareholder has a right to cast its vote on various
resolutions proposed by the companies for which Depositories have developed
an internet based βe-Votingβ platform.
xii. Receive information about charges and fees. Any charges/tariff agreed upon
shall not increase unless a notice in writing of not less than thirty days is given
to the Investor.
xiii. Right to indemnification for any loss caused due to the negligence of the
Depository or the participant.
xiv. Right to opt out of the Depository system in respect of any security.
Pricing as low as Equity at 0.08% , Options at Rs. 7.5 and Futures at 0.006%
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π’ Investor Awareness Notice: Introducing SMART ODR β Your Online Dispute Resolution Platform
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π§ What is SMART ODR?
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The SMART ODR (Online Dispute Resolution Portal) is an investor-friendly, fully digital platform introduced by SEBI to resolve disputes between investors and market intermediaries in a fast, cost-effective, and transparent manner.
This platform enables online conciliation and arbitration, making the dispute resolution process seamless and accessible from anywhere.
π‘ Key Highlights:
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π οΈ How to Use the SMART ODR Platform
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π Who Can Use SMART ODR?
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π Why It Matters:
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This initiative by SEBI enhances investor protection and provides an efficient grievance redressal mechanism for disputes involving market entities.
As a responsible market participant, we encourage all our clients to utilize the SMART ODR platform for resolution of unresolved issues.
Issued in public interest
Baljit Securities Pvt. Ltd
As per SEBI Circular SEBI/HO/OIAE/OIAE_IAD-1/P/CIR/2023/145