Detailed write-up on the KYC procedure for opening an DEMAT account
Process
To open an account on Gill Broking Pvt. Ltd., Please visit the website https://www.smartkyc.gillbroking.com.
Fill your phone no and submit the OTP in order to verify the same.
Fill your email and submit the OTP in order to verify the same.
Select segment in which you want to open an account and saw the brokerage plan and select the same.
Now proceed with DigiLocker
In DigiLocker you have to put you registered phone no again or else you can put your Aadhaar no/Username & 6 digit security pin.
Then you need to put the otp which is sent to your registered mobile no.
After press the submit button an welcome page of DigiLocker will open & you need to press the ALLOW button
Details information about you with your picture will show to you. You need to press the CONTINUE button
Then enter your personal & occupational details.
Come to the next vital part which is bank details. You need to put your bank details correctly
Then enter your address proofs & upload your signature, income proof & bank proof documents & press the SUBMIT DOCUMENT
Upload your image by pressing the CAPTURE & SUBMIT
At last a Congratulation message shows to you that mean your process journey is successful.
Then you can preview your application & after that you need to press EQUITY E-SIGN You need to put the OTP & press the PROCEED button.
Then you need to select your sign in option using your Aadhaar
You tick the agreement box and
After that once again tick another agreement box and put your Aadhaar no/VID. Then press the SEND OTP
An OTP sent to your Aadhar registered phone no or mail id. After putting the OTP press the Verify OTP
Lastly press the OK for submit KYC.
Your PDF will be generated and send you by mail.
KYC team will verify the details after that your DEMAT account will open successfully
Attention Investors!
• Beware of fixed/guaranteed/regular returns/ capital protection schemes. Brokers or their authorized persons or any of their associates are not authorized to offer fixed/guaranteed/regular returns/ capital protection on your investment or authorized to enter into any loan agreement with you to pay interest on the funds offered by you. Please note that in case of default of a member claim for funds or securities given to the broker under any arrangement/ agreement of indicative return will not be accepted by the relevant Committee of the Exchange as per the approved norms. • Ensure that pay-out of funds/securities is received in your account within 1 working day from the date of pay-out. • Be careful while executing the PoA (Power of Attorney) – specify all the rights that the stock broker can exercise and timeframe for which PoA is valid. It may be noted that PoA is not a mandatory requirement as per SEBI / Exchanges. • Register for online applications viz Speed-e and Easiest provided by Depositories for online delivery of securities as an alternative to PoA.
• Do not keep funds idle with the Stock Broker. Please note that your stock broker has to return the credit balance lying with them, within three working days in case you have not done any transaction within last 30 calendar days. Please note that in case of default of a Member, claim for funds and securities, without any transaction on the exchange will not be accepted by the relevant Committee of the Exchange as per the approved norms.
• Check the frequency of accounts settlement opted for. If you have opted for running account, please ensure that your broker settles your account and, in any case, not later than once in 90 days (or 30 days if you have opted for 30 days settlement). In case of declaration of trading member as defaulter, the claims of clients against such defaulter member would be subject to norms for eligibility of claims for compensation from IPF to the clients of the defaulter member. These norms are available on Exchange website at following link: NSE, MCX
• Brokers are not permitted to accept transfer of securities as margin. Securities offered as margin/ collateral MUST remain in the account of the client and can be pledged to the broker only by way of ‘margin pledge’, created in the Depository system. Clients are not permitted to place any securities with the broker or associate of the broker or authorized person of the broker for any reason. Broker can take securities belonging to clients only for settlement of securities sold by the client.
• Always keep your contact details viz. Mobile number/Email ID updated with the stock broker. Email and mobile number is mandatory and you must provide the same to your broker for updation in Exchange records. You must immediately take up the matter with Stock Broker/Exchange if you are not receiving the messages from Exchange/Depositories regularly.
• Don’t ignore any emails/SMSs received from the Exchange for trades done by you. Verify the same with the Contract notes/Statement of accounts received from your broker and report discrepancy, if any, to your broker in writing immediately and if the Stock Broker does not respond, please take this up with the Exchange/Depositories forthwith.
• Check messages sent by Exchanges on a weekly basis regarding funds and securities balances reported by the trading member, compare it with the weekly statement of account sent by broker and immediately raise a concern to the exchange if you notice a discrepancy.
• Please do not transfer funds, for the purposes of trading to anyone, including an authorized person or an associate of the broker, other than a SEBI registered Stock broker.
• Do not deal with unregistered intermediaries (who are not registered with SEBI/Exchanges).
Names and contact details of all Key Managerial Personnel including Compliance Officer
