I think this is also the case with RKSV. In their FormA in the first page they require us to fill some optional documents. If you go over to page 10 in their form they have sentences like this:
"/I hereby further authorize you to debit / credit / transfer the amounts between the various segments either on the same Exchange and / or Exchanges to meet my/our obligation or various dues payable to you / Exchange(s). If payment of funds is required, I shall request you in writing or through the web option for funds withdrawal on the
web login. Further it may be noted that if required I may revoke this authorization at any time after giving request in writing.
This running account authorization would continue until it is revoked by me. The actual settlement of funds shall be done at least once in the preference period selected below:
.QUARTERLY .MONTHLY"/
should we give them these optional rights?. is there any reason?. because of these reasons only i am hesitating to open a trading cum demat account with them. could any experienced person clarify?. Please.
"/I hereby further authorize you to debit / credit / transfer the amounts between the various segments either on the same Exchange and / or Exchanges to meet my/our obligation or various dues payable to you / Exchange(s). If payment of funds is required, I shall request you in writing or through the web option for funds withdrawal on the
web login. Further it may be noted that if required I may revoke this authorization at any time after giving request in writing.
This running account authorization would continue until it is revoked by me. The actual settlement of funds shall be done at least once in the preference period selected below:
.QUARTERLY .MONTHLY"/
should we give them these optional rights?. is there any reason?. because of these reasons only i am hesitating to open a trading cum demat account with them. could any experienced person clarify?. Please.
These are absolutely basic agreement terms of starting the trading with any of the broker. The broker has to keep enough safety to recover their money if at all lended to you to trade with higher exposures. It is all about the intention of the trader/investor. If he is ethical the brokers are never into practice of ruining their own business relationship. But certainly not at the cost of capital.