What is the new process for clearing outstanding balances and When will the new process take effect??
The new process is as follows:
If the outstanding balance in a client’s trading account is not cleared within T+4 days, 5paisa will liquidate the shares on T+5 day and the new process will take effect starting Monday, May 27, 2024.
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What should I do to comply with the new process?
To comply with the new process, ensure that you clear any outstanding balances in your trading account within four days from the trading day (T day). If you fail to do so, your shares in CUSPA will be liquidated on the fifth trading day (T+5).
How much time does it take to process a withdrawal request in 5paisa Trading account?
Please take note of the following guidelines regarding the processing of withdrawal requests in 5paisa from your trading account: 1. Withdrawal requests are processed only once a day from Monday to Friday at 3:30 PM. 2. The processing of withdrawal ...
What is the New Process for applying for an IPO?
The new process for applying for an IPO involves the following steps: · Access IPO Section: Navigate to the IPO tab on the trading app or platform. · Select Live IPOs: Choose the IPO you wish to apply for from the list of live IPOs available. · ...
What happens to open positions or debit balances?
If a client has open positions or a debit balance, these will not be automatically squared off during the quarterly settlement process. Instead, these positions will be managed according to the company's Risk Management Policy. A square-off will only ...
Can I upgrade or downgrade my super saver pack? Which features will be applicable?
Yes! You can upgrade or downgrade your Super Saver Pack based on your requirements. Just visit 5 paisa website or app, access the 'subscription details' section, and follow these steps: 1. Navigate to ‘User’ and select “Super Saver Pack.” 2. Click on ...