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1.Who are eligible to open online trading account?
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Any individual NRI or PIO can open online trading account with SMC.
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2.How to open an Online Trading Account with you?
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It is very simple! Just choose from below mentioned options to contact us |
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3.What are the documents required to open an account with SMC?
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To open an account, following documents are required to be submitted along with filled up client registration form: |
For Individuals |
A. |
Two passport size photographs (signed across by the client) |
B. |
Photocopy of PAN card (photocopy should be clearly visible) |
C. |
Proof of Identity a) Passport; b) PAN; c) Voter ID; d) Driving License; e) MAPIN card |
D. |
Proof of Address |
- Original Electricity Bill
- Original Phone bill
- Driving License
- Passport
- Ration Card
- Photocopy of Bank Passbook/Bank Statement (attested by Bank)
- Latest Telephone (landline)/Electricity/Water Bill (Not older than two months)
- Notarized copy of Lease-License agreement / Sale Deed
- Identity Card, with address, issued by Central/State Govt. & its departments,Statutory/Regulatory Authorities, Public Sector Undertakings, Scheduled Commercial Banks, Public Financial Institutions, Professional Bodies such as ICAI, ICWAI, Bar Council etc. to their members & Colleges affiliated to Universities.
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E. |
Bank Account Proof |
- Photocopy of Cheque / Cancelled Cheque (compulsory in case of MICR)
- Copy of latest Bank Statement / Passbook, clearly mentioning Bank Account Number,Branch Name & Client Name (not older than six months)
- Letter from banker certifying account number & the period from which the account is operational
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4.Is it mandatory to open a demat account with you for online trading?
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Yes, it is compulsory to have demat account with us for Internet Trading.
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5. Do I get any intimation once my online trading account is opened?
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Once account is opened, SMC dispatches a welcome Letter having the required information to trade online.
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6.How can I place orders if I do not have access to internet while on move?
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SMC also provides Call-N-Trade services to its customer so that customer can place order if he/she does not have access to internet.
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7.How many exchanges can I trade on?
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You can trade on NSE, BSE, NSE Future & Options.
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8.Can I transfer funds online?
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Yes, you can transfer funds online. SMC has payment gateway with HDFC, ICICI, Axis & Yes Bank. Through payment gateway, you can instantly update buying limit in your trading account.
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9.Can I submit Cheque if I do not have online banking facility or if my net banking is not working?
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Yes, you can submit a Cheque but buying limit would be provided to your trading account once the same is cleared & confirmed by the bank.
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10.What is Delivery Based Trading?
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Delivery Trading is basically delivery based trading wherein 100 percent Funds / Shares are blocked at
the time of placement of the order. i.e. if you want to buy shares you should have the entire amount of
funds in your cash limit and if you want to sell shares the same should be available in your demat account. For sell positions, your trading limits will be increased immediately with the sell trade value. This will enable you to take further positions in the market.
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11.What is Margin/Intra day trading?
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Not Allowed to NRI’s
In Margin trading / Intra day trading, if you place a buy order then you will have to place a sell order or vice
versa same day i.e. in same settlement cycle. You are required to close all your intraday positions prior to 20
minutes of market closure. SMC may square off, whenever it is applicable, 20 minutes prior to normal market closing.
You can also convert margin orders to delivery if you have sufficient buying power available in your trading account.
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12. Can I place After Market Order (AMO)?
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Yes, SMC Online clients can place AMO orders.
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13.Can I cancel / modify order?
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Yes, you can modify or cancel an order any time before execution. You can do this by accessing the Order Book page where you have the option to modify or cancel the order.
You would not able to modify or cancel order if order has been sent to exchange & confirmation is awaited.
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