Bank Nifty current lot size for trading purposes is 25 units. It has a significant weightage in the Nifty index. There is a favourable relationship between the Nifty and the Bank Nifty index. The Bank Nifty index includes private and public sector banks and is widely traded in the derivative markets. It displays the underlying banks' performance. The Nifty Bank index is made up of 12 large-cap and liquid Indian banking stock companies. The NSE created the nifty bank index to assist investors and other intermediaries in making better decisions by displaying the benchmark of the Indian capital market. The index's base date is January 1, 2000, and its base value is 1000 points. b) KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.The Bank Nifty index is also referred to as "Nifty Bank." IISL (India Index Service and Product Limited) launched the index in the year 2000.
Receive alerts on your registered mobile for all debit and other important transactions in your demat account directly from NSDL on the same day issued in the interest of investors.
Message from Depositories: a) Prevent Unauthorized Transactions in your demat account -> Update your mobile number with your Depository Participant. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day. Message from Exchange(s): Prevent Unauthorised transactions in your account -> Update your mobile numbers/email IDs with your stock brokers. No worries for refund as the money remains in investor's account. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No need to issue cheques by investors while subscribing to IPO. Namita Godbole, Email: Support desk helpline: 8976689766 Brokerage will not exceed the SEBI prescribed limit.Ĭompliance Officer: Ms. If sale/ purchase value of share of Rs.10/- or less, a maximum brokerage of 25 paisa per share may be collected. Digital account would be opened after all procedure relating to IPV and client due diligence is completed. Investment in securities market are subject to market risk, read all related documents carefully before investing. 10/order is available with Power Investor & Ultra Trader Packs. *Brokerage will be levied flat fee/executed order basis and not on a percentage basis. B-23, MIDC, Thane Industrial Area, Waghle Estate, Thane, Maharashtra - 400604