Frequently Asked Questions | Siprabi Securities (2024)

Frequently Asked Questions | Siprabi Securities (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)

How do we open trading accounts via online?

  • Visit our website https://www.siprabi.com
  • Click Online trading
  • Click on New Registration
  • Fill the form and attach document in pdf format
  • Please submit the printed document as soon as possible

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.

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.

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

In how many days and how to transfer my shares?

Transfer your shares within 24 hoursof Trading following the steps

  • Open your Mero share account then
  • Click My EDIS
  • Calculate WACC from My Purchase Source before submitting EDIS;

When do I receive my payment after selling shares?

You will receive your payment within three days from the actual trading, the payment might vary in case of national holidays and Book Close.

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.

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

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

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: Thu, 2022 November 17 1:29 PM

Frequently Asked Questions | Siprabi Securities (2024)
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