Why does Exchange sends SMS and Email about Funds & Securities?
Exchange Notification:
Example message: "NAVIA MARKETS LTD on 22-06-24 reported your Fund bal Rs.122775.17 & Securities bal 0. This excludes your Bank, DP & PMS balance with the broker-NSE."
Points to Note:
- Date-Specific Balance: The balance shown is as of the date mentioned in the message.
- Ledger Balance: Reflects your account balance in the trading ledger.
- Securities Balance: Shows the value of stocks held to cover any debit (unpaid amount) in your account. Usually zero unless you have a specific funding product.
Purpose of Notifications:
- Ensures clients have up-to-date information.
- Part of SEBI’s initiative for better supervision and client awareness.
- Monthly updates from NSE, BSE, and MCX for transparency and security.
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