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For Broking services call Toll free number : 1800-270-7000 (Mon - Fri: 9am - 11pm) (Sat & Sun: 9am - 9pm)
Call N Trade Call: 1800 108 9999 & Dial 1 (9am-11pm)
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For Broking services
Call Toll Free Number :
1800-270-7000
(Mon - Fri: 9AM - 11PM) (Sat & Sun: 9AM - 09PM)
Call N Trade
Call :
1800-108-9999 & Dial 1
(9AM to 11:30PM)
Get Stock Details
To trade with Aditya Birla Money, you will have to become a registered customer. For becoming registered customer, all you have to do is to open a trading account with us. A trading and Demat account can be opened with us in any of the below 2 ways:
a.Online Account Opening (most preferred) – Only for KRA registered customers
b.Offline Account Opening (Non KRA registered customers)
Please contact to our nearest branch to open an account Click Here if you require any assistance in account opening, please contact us in our TOLL FREE number 1800-270-7000 or can write to us at care.stocksandsecurities@adityabirlacapital.com. When you email us, please also share your mobile number for us to contact you from our side.
For opening a Trading and Demat account with Aditya Birla Money, you need to fill up the following applications as specified below
Charges for opening a Trading and Demat account with Aditya Birla Money are as follows:
For opening a Trading and Demat account with Aditya Birla Money, you need to fill up the following applications as specified below:
Identity Proof:
Photographs:
Address Proof:
(Address proof should contain the complete address mentioned on the application. Only landmark is exception.)
Bank Proof:
* All the documents have to be self-attested by applicant(s).
Once the documentation is over and the account opening procedure is successfully completed, you will be intimated by registered certificate of posting about the details of your trading client code, login id and password within 7 working days. ONLINE Account will be opened within 15 mins
You can view the nearest branch details in the website- Click Here.
Recently SEBI / Exchanges have issued certain guidelines on treatment of Inactive Trading Accounts.
1.If you do not carry out any transaction through your trading account for a period of 12 months across all exchanges, your trading account shall be treated as Inactive.
2.To reactivate your trading account, please go through the link for Re-KYC process Click Here.
Demat account can be opened in the name of a minor child by the natural guardian (parents) or court-appointed guardians only. The guardian needs to fulfill all requirements for documents and KYC norms to open the account in the name of the minor.
A minor cannot be a joint holder in a Demat account. The Demat account can be held only in the name of the minor.Date of birth of the minor is mandatory required, with proof. The account becomes inoperative when the minor turns major. On attaining major status, a new Demat account needs to be opened after completing all documentation. The erstwhile holdings can then be transferred to the new account.
If shares are held jointly with a minor in paper form, they need to first be transferred to the minor and then to the Demat account in the minor’s name.
Customer has to generate the minimum brokerage amount of INR 1000 on monthly basis to avail this facility. Further customer account should not register under DND mode.
Letter of authorization can be provided ONLY when the account is handled by someone (blood relations) else on behalf of the actual account holder.
Valid relationships for LOA:
Note: In-laws will not be accepted as a valid authorization.
We will ONLY accept the funds received from the mapped bank account.
You can transfer the account by submitting the branch transfer form along with self-attested latest Statement of Account (SOA)to your nearest branch or new branch.
Our whats app number is 8828800038.Type "Hi" -> Main Menu -> Reports -> Choose CML -> Request Completed ->Enter upper case of your pan to open CML
Self-attested statement of account required. Account balance should be NIL.
Clear the DP dues and transfer the shares for us to process your Demat account closure request. Kindly submit the cheque in favor of Aditya Birla Money Limited to clear the debit at your branch.
Further we require target client master copy to transfer shares to his Demat account mapped with outside DP or Delivery Instruction Slip (off market) to transfer shares along with the attached closure form. Incase if you wish to sell the shares customer can place the order through your mapped branch or call and trade desk. We would also request the customer to initiate the payout request on post selling of shares
Account closure form can be downloaded from our website:
No. Funds deposited in Equity segment are to be used for equity trading and those in Commodities are to be used for commodity trading.
You can download the forms through the website - Click Here
You can also call our TOLL FREE 1800-270-7000 or write to us on care.stocksandsecurities@adityabirlacapital.com and can place the request to receive the forms your email id.
Commodity Exchanges in India are regulated by Forward Market Commission (FMC) under the guidance of the Ministry of Consumer Affairs, Food & Public Distribution.
There are three national level commodity exchanges to trade in all permitted commodities. They are:
ABML provides online trading in MCX & NCDEX.
Yes, by using our whats app service you can add the bank account and also you can make it as default bank account in trading and DP.
Our whats app number is 8828800038
Type "Hi" -> Main Menu -> Modify Account -> Choose Add Bank -> Enter Bank Account Number -> Enter IFSC Code -> Enter Name as per Bank -> Choose Default Bank (Yes/No) -> Request Completed ->
Yes.
Once we receive your Account opening form, you'll get a welcome call from our side.
Sure, please email us your contact details at abm.franchiseecare@adityabirlacapital.com, and we will get back to you soon. You can also go through the details below in our website:- Click Here.
We are located in Chennai and the address is:-
Aditya Birla Capital Limited SAI SAGAR, 2nd & 3rd Floor, Plot No- M7, Thiru-Vi-Ka (SIDCO), Industrial Estate, Guindy, Chennai 600 032
Trading account number is the login id for the online portal.
Please go to our ABTrade website: - Click Here
You will receive a message as "Success".
A system generated email along with a PDF attachment will be sent to the registered email address. To open the PDF file, please enter your PAN number.
Note: Kindly enter the registered email id with the system
If you are unblocking your account, if you remember the old password, the same can be used to login.
Below details can be modified using the Update Profile option in ABTrade.
Once you place a request to modify any of the above, you will receive an OTP on your registered email/mobile number. After you enter the OTP, your modification request will be placed and we will update the information in 1-2 working days.
You can transfer the funds through our Bill desk option.
Below is the list of Banks available with us:-
HDFC Bank, ICICI Bank, Axis bank, State Bank of India, Yes Bank, Kotak Mahindra Bank, Indusind Bank, IDBI Bank, Bank of India, Deutsche Bank, Indian Bank, Karur Vysya Bank, Federal Bank, Lakshmi Vilas Bank, DCB Bank, Bank of Maharashtra, Catholic Syrian Bank, City Union Bank, Dhanlaxmi Bank, Jammu and Kashmir Bank, Saraswat Bank, South Indian Bank, Tamil Nad Mercantile Bank, Indian Overseas Bank, Karnataka Bank.
Please follow these simple steps to transfer funds:-
You can view the status of your Fund transfer in "Transfer Status" option under "Transfer Funds" tab.
What if your registered bank is not available in Bill desk?
For Equity: Company Name : Aditya Birla Money Limited Bank Name : Standard Chartered Bank A/C No : 42705193159 Branch Name : Chennai Rajaji Salai IFSC Code : SCBL0036078 A/C Type : Current A/C
For Commodity: Company Name : Aditya Birla Money Limited Bank Name : Standard Chartered Bank A/C No : 42705193159 Branch Name : Chennai Rajaji Salai IFSC Code : SCBL0036078 A/C Type : Current A/C
Note: - We kindly request you to mention your client code in the remarks column of the fund transfer (NEFT) screen for faster processing. Client code is same as your trading code. Also, use only the registered bank account for all the transactions in your trading account.
You can able to download our exclusive trading platform NEST through our website.
Note: Download file can be saved in any drive except C Drive.
You have to use your Trading id and password to login to Express (NEST) Trade.
A default charge of INR 250 + tax per month will be charged upfront towards the use of this application. However, the said charges will be entitled to be reversed in case the average monthly brokerage generated by you exceeds INR 500.
Online customer: Customers can generate the report through the online trading portal.
Offline customer: Customers can get the reports either through his branch or customer service.
ABML will share the following reports to the customers on daily / quarterly basis.
Absolutely Yes. You are always in control of your funds at Aditya Birla Money. For refund, you may place a withdrawal request from any of Digital Platforms (Mobile Invest, Abtrade or Express Trade) and the amount will be refunded back through NEFT. This is subject to clear balance in your account after adjusting all outstanding dues.
Any transaction done online goes through a complex process of verifications & authentications between bank, broker and intermediaries. At times, if bank fails to provide the confirmation of a particular transaction, we have to wait before reflecting it in your account. However, the same starts reflecting as soon as we receive a confirmation. At all times, your money is safe and secured.
Online customers can place the request through their online portal.
Please go to our ABTrade website:Click Here
You can view the status of your Fund transfer in “Transfer Status” option under "Transfer Funds" tab.
Yes, we would also like to inform you that, ABML has its own advanced featured Mobile App named “Mobile Invest” which is compatible in Android and iOS platform. In this App, you can customise your investment portfolio in real time and can trade instantly in one touch. There are NO charges applicable.
Yes, please call us on our TOLL FREE number - 1800-270-7000
Android 5.1 & above For IOS - Version 9 & above
Yes, charting studies are available under chart option in ABTrade login.
Just login to Mobile App using your login credentials in login page.
Operating System (OS) - Windows 7 & more RAM - 8GB Processor – I3 & more Hard disk – Based on requirement Better Internet connectivity - 4 mbps & more MS office, PDF, Dot net & Mozilla
Intraday means buying and selling the stocks on the same day (during market hours only). Delivery means selling the stocks any day after the date the trade.
Please note T2T (Trade for trade) shall not be settled as intraday.
Contract note: Customer will receive the contract note either by physical or digital contract note mode based on the option selected by the customer while opening the account.
Trade confirmation SMS: Customer will receive the trade confirmation SMS at the end of the day to his registered mobile number. Customer will also receive the net debit / credit details in the trade confirmation SMS.
Order confirmation SMS: Customer will receive the order confirmation SMS for all the orders placed in Derivative segment in OFF line mode.
Yes, late pay-in charge of 23% per annum will be charged to the client
We would like to inform that processing fee is the difference between the minimum brokerage and actual brokerage charged.
Further minimum brokerage would be INR 50 for NSE trade and INR 25 for BSE trade executed from your account. If the actual brokerage generated for the trade executed on a particular day is less than the minimum brokerage as mentioned above, then the difference would be charged as processing fee.
Margin will be calculated based on the cash and security value available in his trading account. If a customer is having INR 100 as a clear credit balance (cash) and the stock value of INR 200 (after haircut value), then client will have the trading margin value as INR 300.
Penalty charges were levied as per exchange guidelines if there is any shortfall in the span, exposure margin, Delivery Margin & Buy premium.
(Initial + Extreme loss margin + Delivery Margin + Buy premium) in FNO segment.
Margin shortfall = Amount of margin required for trading – Available margin for trading.
Demat account is like bank’s saving account, Demat account is used only for depositing shares. We use trading account to buy and sell securities on stock exchanges.
Demat account is not required for trading in futures and options.
Trading holidays for NSE, BSE and NSE FNO for this calendar year
Click Here for BSE Holidays list
Click Here for NSE Holidays list
Trading holidays for MCX and NCDEX for this calendar year
Click Here for MCX Holidays list
Click Here for NCDEX Holidays list
You can apply online from our Mobile Invest App or ABTrade web platform. Simultaneously, you may also apply through ASBA available via net banking on your bank account. Click here to visit & invest through our web platform – ABTrade. Click here to visit & invest through our app – Mobile Invest.
Yes, courier charges would be applicable for the same.
Two prices are to be entered in a stop-loss order, Trigger price and Limit Price. Stop-loss order is used to limit the maximum loss on a position.
The electronic (email) contract notes for commodities for a trading day T will be sent out on T+1 (next trading day) morning.
No. It can be used only if you have a Demat account also with ABML.
Your Trading and Demat Account may become dormant, if you don’t trade for a period of 365 days. To reactivate the account you may have to send us an email at abml.active@adityabirlacapital.com from your email id registered with us.
Margin money is the fund that you transfer to ABML to start the trade. Also called, Initial deposited money.
No, we don’t have any minimum amount. You can start with any amount as per your convenience.
Please call us on 1800-300-29999 to trade with us.
Equity, Futures and Options, Currency Derivatives and Commodities.
No, as our research recommendations are advisory in nature and there is no assurance of any returns.
No, we would like to inform you that trading in Future and Option requires more attention and caution. Also,
As you are new to trade in FNO; we would not likely to suggest you to trade in FNO.
Trade 40X (CO) Order Customer can take intra-day position in the equity segment and at the same time, system place’s a cover order for this position specifying the Stop Loss Trigger Price and the limit price. This cover order will help you to limit the loss, if any, on the position. If selected, following option can be seen under it.
Trade 40X Order is a special order type which allows traders to place both the main order as well as the stop-loss order in a single click. This can save a lot of time which is spent placing separate orders.
Example
Minimum Criterions to trade on Trade 40X
Proposed Nifty stock list for - Trade 40X
Phase 1 - UI (Go live deployment)
Phase 2 - User Interface for Trade 40X
Trade 40X Stocks as default market watch - user can just buy/sell
Trade 40X: Product communication Disclaimers
Sale of a security is not owned by the seller, which has to be borrowed. Short selling is driven by the belief that a security's price will decline, enabling it to be bought back at a lower price to make a profit.
Short selling is driven by the belief that a security's price will decline, enabling it to be bought back at a lower price to make a profit.
As per the exchange norms client need to have margin money before initiate any orders.
Trading Profiles & Exposure Privileges – EQUITY segment
* Securities are reviewed on weekly basis in view of synchronies with exchange VaR%
Trading Profiles & Exposure Privileges – EQUITY Derivatives segment
For re-issue of DIS Book, the client needs to submit a DIS Book requisition slip or a request letter along with the latest transaction statement & pan card copy(self-attested) to the branch personnel / H.O.
Shares in customer current Demat account can be transferred to Demat account maintained with us by issuing appropriate instructions to outside depository participant (DP) / broker through delivery instruction slip (DIS).
Please find the sample DIS for filling the DIS form.
NSDL - Inter Depository Transfer
BSE - Market Transfer DIS
NSE - Market DIS
CDSL - Inter-depository
CDSL - Off-market DIS
NSDL - Off-market DIS
Market DIS- The transfer of securities from the Beneficiary Account to a Clearing Member Pool Account is a Market Trade. The client having sold the shares through the Clearing Member (CM) has to transfer the shares to the CM for delivery of shares to the Clearing Corporation.
Off-market DIS- The transfer of shares from one Beneficiary Account to another constitutes an Off-Market Trade. The transfers are affected between two accounts of clients without the involvement of the broker. The Off-Market trades can be the transfers from one client account to another or from the client's account to the sub-broker's account or from the Beneficiary account of the Clearing Member to the client’s accounts.
Inter-depository DIS- The transfer of shares from one depository to another depository.
NSDL - DIS Book Request Form (Specimen)
CDSL - DIS Book Request Form (Specimen)
POA form can be downloaded from our website:
You may courier the filled up POA form to our corporate office address mentioned below.
Aditya Birla Money Limited No.53, Ali Center, Greams Road, Chennai – 600 006.
Note: Please mention your Client/Trading id in the POA form without fail.
ABML carries out the billing DP charges to all Beneficiary Owners (BO) for the Depository related services as per their agreed Tariff vide the DP agreement signed between the DP & BO. Various transaction charges are: Transaction Fees, Demat / Remat, Account Maintenance Fee, Pledge Creation / Set-up Charges, Pledge Confirmation charges, Pledge Closure – Normal / Unilateral Charges, Pledge Invoke / Confiscate Charges, Destat / Restat, DIS Book Issuance Charges, CAS Charges.
Yes, you can.
To avoid any penalties in case of delivery we recommend you to open a Demat account with us.
You will be charged 44.60** (including GST) per month for Maintenance.
To avoid the monthly charges, you can pay Life Time (7 years) Annual Maintenance charge for INR 1500.
**Can change as per company terms & condition.
In your welcome kit we have sent you the Delivery Instruction Slip (DIS) booklet. Please send us a filled DIS copy with details where you wish to transfer the shares.
In case you don’t have the DIS slip with you, you can raise the request through our Toll Free number 1800-270-7000 or can write to us at care.stocksandsecurities@adityabirlacapital.com. We will generate and courier to your registered address. Then you can send back DIS along with client master of other DP to which share are to be transferred.
To apply for a new DIS in case the old DIS is exhausted, you are required to courier hard copy of DIS request form along with pan card copy for new DIS booklet issue.
Trading account is used to buy and sell shares on stock exchanges. Demat account is like savings account of your bank, Demat account is used for holding / transferring of shares.
It is mandatory to have a DP Demat account, if you are trading in equity segment. Demat account is not required, if you are trading only in F&O.
Transaction charges which are generated for debit transactions are payable by account holder(s) as per the agreed tariff.
Securities in free balances held in a depository account can be pledged against a loan, credit, or such other facility availed by the beneficial owner of such securities.
For this purpose, both the parties to the agreement, i.e., the pledgor and the pledgee must have a beneficial account with the same depository as inter-depository pledge is presently not permitted. However, both parties need not have their depository account with the same DP. The nature of control on the securities offered as collateral determines whether the transaction is a pledge. If the lender (pledgee) has unilateral right (without reference to borrower) to appropriate the securities to his account and if the borrower (pledgor) defaults or otherwise, the transaction is called a pledge.
Equity
Policy Inactive
Equity trading account will be considered as inactive if a client does not trade for a period of one year. Calculation will be done at beginning of every month and those clients who have not traded even a single time will be considered as inactive. Shares/credit ledger balance, if any, will be transferred to client within one week of identifying client as inactive. Client will have to give a written request to re-activate his/her account either by submitting physical re-activation form submitted to branch or through their registered e-mail id to abml.active@adityabirlacapital.com.
Client can also re-activate their Equity trading account through their respective online login by providing One Time Password (OTP) sent to their registered primary mobile number.
Equity Account Reactivation Letter Click Here
Client Account Reactivation Email Format Click Here
Commodity
Client account will be considered as inactive if the client does not trade for a period of one year. Calculation will be done at the beginning of every month and those clients who have not traded even a single time will be considered as inactive. ABML shall return the balance of funds and securities, if any, lying with ABML, by transferring of funds/securities to the respective clients registered bank/demat account. The client has to make request for reactivation of their account through electronic / physical mode.
Commodities Account Reactivation through Electronic Mode Click Here
Commodities Account Reactivation through Physical Mode Click Here
Pentium 4 & Above 512 MB RAM Windows XP & above Broadband connection (min 256kbps) Microsoft Dotnet framework 2.0
In ABM website, please click on Widget link under Tools & Download menu Click Here.
Specify the folder to store the downloaded file.
Once the download is complete, user can install the Widget.
Please follow below simple steps to install Widget on your system.
Double Click on the EXE downloaded & Click on next button
Browse & select folder where you want to store the widget.
Click on Next button to confirm installation.
Don’t click on Cancel button during Installation process
Click on close button after installation is completed.
Go to START – Programs - Click on ABM Widget
OR after successful installation done, widget shortcut is created on users desktop. He/she can double click on the shortcut and use application. The widget will give you a precise picture of market trends, news and research, stock alerts and much more.
If the installed Widget does not work, user has to check whether it is corrupted or removed. He/she has to reinstall again by simply double clicking on downloaded setup file.
If Widget is corrupted then user has to select Repair ABM Widget option and click on Finish. In case the widget needs to be deleted, select option Remove ABM option.
In network, if administrator has restricted users to install any product then in that case ABM widget will not install till restriction is removed or Administrator will do this task.
If Internet is down then it will not work.
In ABM website (http://www.adityabirlamoney.com/) Widget related pages are not found, removed, or shifted to any other location then user has to download updated widget setup from website and reinstall again by simply click option of Repair ABM widget.
In case of any other error customer can call on toll free 1800-270-7000 or write email to care.stocksandsecurities@adityabirlacapital.com.
Each InvestPack is a collection of equity, ETFs, and mutual funds that have been hand-picked to create an easy-to-invest portfolio based on a theme.
There is a need for a trading account, a demat holding, which shows all of the equities you own. Don't worry if you don't have any, we've got you covered. Click here to start your ac opening journey
If you look around, you'll find that those who are wealthy have earned their wealth by working for it, not working for it. The only way to generate wealth is to invest in the right assets
Small investments can compound over time. With Pickright, you only need to start saving Rs 10k and we will help you to invest and build wealth. Investing does not require a fixed amount. Earn big by starting small.
There is a trend nowadays of starting young and retiring young. As you grow older, your responsibilities and commitments change, giving you less opportunity to invest and create wealth.
Yes. Working hard early, investing wisely, and retiring early while enjoying your passion is all possible.
Although no one can give a guarantee on investments, we make sure that your investments are protected from market volatility and aim for best returns over time.
In the same way that Rome was not built in a day, wealth is not created in a single day. For the best returns on your investment, we recommend you keep it for at least 3 to 5 years.
A research team and artificial intelligence continuously monitor your investments and send you alerts when it's time to rebalance, so your investments are tension free.
The right time to invest was yesterday, but today is also a good time. Start your investment journey now, you are losing out on opportunities if you don't.
Rebalancing ensures that your portfolio performs better even during times of volatility by taking timely actions. As soon as we suggest an entry and exit for equities, you will be notified by app, WhatsApp and email. To rebalance, open the app and click on rebalancing, then make sure you have enough money in your trading account.
You need to have a demat and trading account with us. If you already have an account with ABM, you can start right away. If not, click here to open an account.
Get as many InvestPacks as you want and invest as much as you want. It's important to note that every InvestPack has a minimum entry amount and you cannot invest below it. InvestPacks have different rebalancing periods and are automatically monitored. Don't worry about your investments. Invest with peace of mind.
The Pension plans under the National Pension System (NPS) are defined contribution plans. During a person's working life, he/she can subscribe to NPS and make contributions to their Individual Pension Account. This will enable them to build a pension corpus from which a regular income will be generated after retirement.
Each subscriber receives a 12-digit Permanent Retirement Account Number (PRAN) card. A lost or stolen card can be reprinted at additional costs.
The entities involved in NPS are as follows:
The NPS is open to Indian citizens between the ages of 18 and 70.
An NRI can open an NPS account. RBI and FEMA periodically prescribe regulatory requirements for NRI contributions. Subscribers' NPS accounts will be closed if their citizenship status changes. An NRI can only open a Tier 1 account.
No. There is no need to open multiple NPS accounts for one individual since NPS is fully portable across sectors and locations.
Under Section 80CCD(1), Section 80CCD(1B) and Section 80CCD(2) of the Indian Income Tax Act, 1961, contributions to NPS are deductible.
If such an unfortunate event occurs, the nominee will receive 100% of the NPS accumulated corpus as a lump sum.
Definitely. As with any other pension scheme(s), NPS can be voluntarily subscribed to. NPS accounts cannot be held by the same individual at the same time.
To determine the pension amount, the subscriber must contribute, accrue, and earn returns on investments, as well as utilize some of the corpus to purchase annuities through any of the Annuity Service Providers registered with the PFRDA.
Yes, a minor can be a nominee. It will be necessary for the subscriber to provide the details of the guardian and the date of birth of the minor in such cases.
All NPS-related charges can be found here: https://pensionfundnewuat.adityabirlacapital.com/nps_charges.aspx
To offer NPS as a benefit, the employer will need to contribute to the scheme in the employee's NPS account. The contribution can only be made in tier I accounts. By showing the contribution as a business expense, the employer can claim tax benefits on behalf of the employee (up to 10% of basic + DA). Employers are not required to include this amount in an employee's taxable income under Section 80CCD(2).
Subscribers can subsequently request to change the choices exercised as under:
Employees/Subscribers will have the option of revising their choices after 1 year (365 days) if their employer/corporate exercises choice of Pension Fund and Asset Allocation on their behalf. Otherwise, they will continue with the existing choices made by the employer (applicable to corporations adopting NPS after 14th November 2018).
If an employee resigns from the organization, the employer cannot forfeit pension corpus, however the employer’s contribution will be stopped by the corporate & there will be no further contribution from previous corporate.
No.
The scheme and pension fund can be selected either at the corporate level or at the subscriber level. Alternatively, corporate companies may let employees choose their pension funds and investments.
Subscriber can access their Pension Account through
Toll Free number – Kfintech 1800 208 1516
Contributions are normally reflected in your NPS account within T+ 3 working days.
Upon crediting units to subscribers' accounts, SMS & email confirmations will be sent.
For changing the account details as recorded with CRA, a subscriber must submit the request to the Service Provider (PoP) or Employer, as the case may be:
Subscribers can compare their Pension Account performance to the performance of each Asset Class and each Pension Fund at http://npstrust.org.in/returncalc
NPS Trust publishes weekly returns for each asset class generated by Pension Funds at http://npstrust.org.in/return-of-npsscheme
Pension Funds periodically publish on their websites the portfolio of Asset Classes they manage. http://npstrust.org.in/content/scheme-portfolio
NPS subscribers have the flexibility to make withdrawals under the following circumstances:
Subscriber also has the option to:
The nominee or legal heir can withdraw the entire accumulated corpus in the event of the death of a subscriber. Nominees / family members of deceased subscribers can also purchase annuities.
Upon reaching 60 years of age or retirement, the NPS account of a corporate subscriber will automatically continue under the All-Citizen Model until 75 years old.
Once a subscriber reaches 60 years of age / superannuation, he or she can exercise the option of normal exit from NPS.
It is mandatory to close the account at 75 years of age.
It is possible to withdraw parts of your NPS account to cover contingencies.Below are the reasons/conditions for partial withdrawal
Subscribers can withdraw funds from NPS by logging into their Pension Account (POP/Nodal approval is required) or by submitting physical withdrawal forms directly to the service provider (PoP).
According to the Annuity Service Provider (ASP), the subscriber will receive pension benefits according to the Annuity Plan chosen and purchased by the subscriber from the ASP (Insurance Company).
All of us know that shareholders normally exercised their votes on resolutions proposed by companies through postal ballot. If a company decides to pass any resolution by resorting to postal ballot, it will send a notice to all the shareholders, requesting them to send their assent or dissent in writing on a postal ballot. The process—of seeking shareholders' approval through postal ballot—is not only time consuming but also involves huge cost such as administration and posting costs, paper work, etc. To avoid all these hassles, the new Companies Act 2013, has introduced the concept of voting through electronic means.
E-voting is a common Internet Infrastructure that enables the investors to vote electronically on resolution of companies. Electronic voting replaces the postal ballot process and saves time and cost of the company. e-Voting is a mechanism through which security holders of companies can vote on resolutions electronically any-where and at any-time during the period of voting, through the electronic voting system developed by NSDL and CDSL. In case of e-voting, there is no physical collection and counting of postal ballot papers. Also, there is no need for verification of signatures of the shareholders who have exercised their votes.
e-voting platform service agencies:
In order to solve the problems faced with the postal ballot, NSDL and CDSL have developed an internet based e-voting platform which enables shareholders to vote electronically in a convenient manner. 'User ID' and 'Password' are provided to the shareholders by the agency providing e-voting platform. In case of joint shareholding, e-voting option will be available only to the first shareholder. E-voting facility is available to shareholders holding shares in physical form as well as in demat form.
Electronic voting system:
According to Companies Act 2013, every listed company or a company having at least 1,000 shareholders should provide to its members the facility to exercise their right to vote at general meetings by electronic means. Section 108 of the Companies Act, 2013 deals with the voting through electronic means. E-voting system records votes of the members / shareholders of a company. It also provides data on the number of votes polled in favour or against a resolution proposed by the company. e-voting process is safe and maintains the confidential of the data.
Process of e-voting for a company:
Process of e-voting for shareholders:
Advantages of e-Voting to company:
Advantages of e-Voting to shareholders:
How will proxies vote?
Voting through proxy is permitted to help investors who cannot attend the meeting to appoint a person designated by them to vote on their behalf at the meeting. Through e-voting the investor can vote directly on the resolutions proposed at a place and time of their convenience. E-voting would eliminate the need of appointing a proxy.
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