Sun, 2021 December 12 7:34 AM
#faqs

Category: General     

1. What are the documents required for submitting KYC form?

  • Photocopy of citizenship
  • Photocopy of Demat confirmation letter
  • One PP size Photo
  • Photocopy of pan card for transactions above 5 lakhs
  • Photocopy of id card
  • Photo and citizenship copy of guardian (in case of minor)
  • Bank Cheque book copy

2. How do we open trading accounts via online?

  • Visit our website http://mallastock.com/
  • Click on Register Now
  • Fill the form and attach document in pdf format

Note: Account will be activated after Submission of Hard Copy on  Malla and Malla Stock Broking Co. Pvt Ltd within 2 weeks

Office Location: https://goo.gl/maps/vq48tbKxFYHTFpQo9

 

3. How to convert my offline broker trading status to online?

Download Agreement Form - Online Trading (NOTS) form from  Downloads (mallastock.com) (you can also collect forms physically from our office)

Please fill an agreement form and submit it to us physically or through mail at nse11broker@hotmail.com

 

4. What is the difference between a trading account and demat account?

Trading account is opened in broker's office to trade on secondary market but demat account is opened to keep record of share.

 

5. Can we open multiple trading accounts from different brokers?

No, you cannot open multiple trading accounts in different broker offices with the same demat account i.e. same BOID.

 

6. Is collateral needed in trading?

If you are an offline trader then collateral is not needed but if you are an online trader   then you should deposit 25% of total trading as a collateral which is refundable.

 

7. How to transfer my fund in broker accounts through Connect IPS?

  • Go to the Connect IPS dashboard
  • Tab to the Financial Institution
  • Tab Capital Market
  • Tab Brokers Payments
  • Fill required fields
  • Inform us about your payments

 

8. Why is Reference necessary?

Reference in necessary for contact verification and need for emergency contact.

 

Category: Settlement

9. In how many days and how to transfer my shares?

Transfer your shares within 1 day of Trading following the steps:

  • Open your Mero share account then
  • Click My EDIS

P.S. You have to calculate WACC and MY HOLDINGS before doing EDIS, for that you have to click My purchase source in mero share.

 

10. When do I receive my payment after selling shares?

You will receive your payment after Four Working Days  from the actual trading, In case of Bookclose, it may delay further four more days. (i.e. 9th working day)

 

11. How can we make payment for offline users?

You can make payment through:

 

12. How can we Manage Collateral from TMS?

  • Go to the TMS dashboard
  • Tab to Fund management
  • Tab to collateral management
  • Go to load collateral
  • Select bank, account type and then submit.

 

13. How can we refund the collateral?

  • Go to the TMS dashboard
  • Tab to Fund management
  • Tab to collateral management
  • Go to refund collateral
  • Enter your Account Number and Amount
  • And then submit

 

14. How to Place an Order via Online?

  • Go to the TMS dashboard
  • Tab Order Management
  • Go to Buy/Sell option
  • Enter Required Fields (Company Symbol, Quantity, Price)
  • Then Buy/Sell as per your requirement

 

15. How to make Payment through TMS?

  • Go to the TMS dashboard
  • Tab to Fund management
  • Go To Fund Settlement
  • Tab to Buy Information
  • Tick your Due Amount
  • Click on Make Settlement
  • Click on Proceed with Payment
  • Click on EOD pay In
  • Make Payment

Note: Before selling share Please check whether your account is frozen or not

Last Updated: Sun, 2021 December 12 7:34 AM