Hi,
Just enquired with Investor Services Cell (ISC) which is a separate Department in NSE which handles Investor Grievences.
" There is No Minimum Commitment for repayment of Funds by the NSE in case the Broking House absconds with the investors money."
The reason why am quoting this is, in this Traderji Forum " I saw a post which said NSE gives a minimum insurance of 15 Lakhs per account in case the Broking House absconds with investors money." :annoyed:
Based on the evidences provided by the investor after filing a case with NSE on the absconding Broking House, NSE would repay the amount on a PRO RATA BASIS, out of the amount which the absconded Broking House has paid to NSE as a Security Deposit. :thumb:
So, the amount that each investor would get from NSE would be purely determined on how much amount the Broking House has looted, and the available amount with NSE as Security Deposit from absconding Broking House.
Those who posted that 15 Lakhs commitment by NSE, can you just post the link where it has been mentioned ?
I wished to share it with you guys after speaking to ISC Department on NSE (CHENNAI). Any contrary comments please do let me know with a valid proof so that I can cross question ISC Department of NSE regarding the same.
Just enquired with Investor Services Cell (ISC) which is a separate Department in NSE which handles Investor Grievences.
" There is No Minimum Commitment for repayment of Funds by the NSE in case the Broking House absconds with the investors money."
The reason why am quoting this is, in this Traderji Forum " I saw a post which said NSE gives a minimum insurance of 15 Lakhs per account in case the Broking House absconds with investors money." :annoyed:
Based on the evidences provided by the investor after filing a case with NSE on the absconding Broking House, NSE would repay the amount on a PRO RATA BASIS, out of the amount which the absconded Broking House has paid to NSE as a Security Deposit. :thumb:
So, the amount that each investor would get from NSE would be purely determined on how much amount the Broking House has looted, and the available amount with NSE as Security Deposit from absconding Broking House.
Those who posted that 15 Lakhs commitment by NSE, can you just post the link where it has been mentioned ?
I wished to share it with you guys after speaking to ISC Department on NSE (CHENNAI). Any contrary comments please do let me know with a valid proof so that I can cross question ISC Department of NSE regarding the same.