Old Zerodha Customers Beware !
Remember Zerodha used to open IL&FS Demat accounts for us earlier. Now there is big issue :
Dear XXX
We see that the following demat account is linked to your trading account held at Zerodha.
Demat Account Number: XXXX
DP Name: IL&FS Securites Services Limited
In our endeavour to serve you better and ensure a smoother overall experience, we will no longer allow linking of third party demat accounts to Zerodha trading accounts.
By linking a Zerodha demat account, you’re ensured of getting accurate P&L reports, factoring in all corporate actions, access to Coin, our direct mutual fund platform. Our NBFC operations will also commence soon and you will be entitled to all benefits thereof (Loan against shares, margin trading facility, etc.) by virtue of holding a Zerodha demat account.
As such, we request you to open and move your holdings to a Zerodha demat account. For your convenience, a pre filled Zerodha demat form is available in the section of Q. You simply need to print, sign and courier this to us. There would be no account opening charges to open your new Zerodha demat account. Feel free to get in touch with our support desk on 080-40402020 in case of any queries. Please switch your demat account before September 30, 2018. Stocks held in third party demat accounts will stop being shown on the trading platform & hence be unavailable for selling from 1st October 2018.
Regards,
Team Zerodha
Remember Zerodha used to open IL&FS Demat accounts for us earlier. Now there is big issue :
Dear XXX
We see that the following demat account is linked to your trading account held at Zerodha.
Demat Account Number: XXXX
DP Name: IL&FS Securites Services Limited
In our endeavour to serve you better and ensure a smoother overall experience, we will no longer allow linking of third party demat accounts to Zerodha trading accounts.
By linking a Zerodha demat account, you’re ensured of getting accurate P&L reports, factoring in all corporate actions, access to Coin, our direct mutual fund platform. Our NBFC operations will also commence soon and you will be entitled to all benefits thereof (Loan against shares, margin trading facility, etc.) by virtue of holding a Zerodha demat account.
As such, we request you to open and move your holdings to a Zerodha demat account. For your convenience, a pre filled Zerodha demat form is available in the section of Q. You simply need to print, sign and courier this to us. There would be no account opening charges to open your new Zerodha demat account. Feel free to get in touch with our support desk on 080-40402020 in case of any queries. Please switch your demat account before September 30, 2018. Stocks held in third party demat accounts will stop being shown on the trading platform & hence be unavailable for selling from 1st October 2018.
Regards,
Team Zerodha