Which categories of clients are allowed to register for TSBM?
A client will only be
eligible for switching to TSBM if the client meets all the below requirements:
- Resident
individuals and Hindu Undivided Families (HUFs) who settle their trades
with IIFL Securities. If such a client has appointed a Custodian clearing
member to clear their trades, they will not be eligible to avail this
Facility.
- Segments
other than Cash should be disabled, there should NOT even be any segment
modification request.
- Trading
Ledger should NOT be in debited.
- BNPL Ledger
should NOT be in debited.
- The request
should NOT be for a NRE/NRO client.
- The client should
NOT be trading via XTS or Greek or Omnenest.
- The client’s
Name, DOB, PAN and father’s name should match with the PAN API.
- The client
should NOT be in Voluntary Freeze.
If a client does not meet
all the above requirements, the fund switch request will be rejected.
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Which categories of clients are allowed to register for TSBM?
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Which categories of clients are allowed to register for TSBM?
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How much exposure is allowed?
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Activate trading account of Individual Karvy clients from the website:- wecarekarvy.indiainfoline.com . Note: Do not process joint holder karvy account through wecarekarvy link but process through physical only.
Which Clients are treated as Dormant
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