How do I withdraw money from my axis ring?
At the end of the day, the shares marked as collateral hold moves to AxisDirect pool account. If you wish to remove the hold, you are required to select 'withdraw' button to effect the same. The path for the same is Trading>>>Limits>>>Collateral release/Collateral withdrawal.
How to Buy Shares Using Axis Direct App - YouTube
In case of delivery orders, you can sell them from the day you purchase them. Note: In case of T2T stocks, you will have to wait till they get delivered to your Demat account (2 trading days after your purchase date).
Yes. Intersettlement (IS) product allows you to sell the shares bought under 'Cash' before getting delivery of shares. The benefits of Inter settlement (IS) is that you can sell the shares bought under 'Cash' on T+1 or T+2th day without waiting for it to get credited in Demat account.
Go to the 'funds' or 'accounts' section and click on it. You will be presented with two options- add funds or withdraw funds. To initiate the transfer of money from the Demat account to the bank account, click 'withdraw funds'. The account will display the total amount in your trading account.
Axis Direct Brokerage Charges
Axis Direct charges 0.50% brokerage for equity delivery, 0.05% for Intraday & Futures, and Rs 10 per lot for options.
How to Sell Shares Using Axis Demat Account - YouTube
Axis Direct Charges. Rs 5/- per certificate or Rs 50/- per request, whichever is higher. 0.04% of the value of the transaction or Rs 50/- (per Instruction) whichever is higher. Axis Direct has a minimum brokerage of 0.00325% of the brokerage value of total turnover per trade executed.
A funds hold is a block made in your Axis Bank account which can be used for trading purposes. Once a funds hold is created, the held amount cannot be used for purposes other than trading until it is released or unblocked. You can release or unblock only the unutilized funds.
In the normal trading process, delivery shares are credited in the demat account on T+2 days (T being the day of order execution). You cannot sell shares before delivery in normal trading. However, with BTST, you can sell shares on the same day or the next day.
Can we sell first in delivery?
Intraday traders are OK in the Indian market, either it can be bought and sold or sell and buy. But if you sell and don't give delivery, it becomes short selling in delivery. This system means that if shares are purchased the client must pay the full amount and take delivery in Demat account.
T2T stocks can only be sold when they have been delivered to your Demat account, i.e two days from placing the order ( T+2 ) days.
Step 1: Insert your Axis Bank Credit Card at any Axis Bank ATM and select “Set PIN” option on the screen. For users who already have a valid OTP received on their registered mobile number, the ATM screen will display another screen showing a “Set pin having an OTP” option.
Axis Bank credit cardholders can go to any ATM and withdraw cash using the credit card.
The beneficiary can withdraw the IMT from any ATMs of Axis Bank, Bank of India and Laxmi Vilas Bank The beneficiary has to select IMT > WITHDRAW IMT and provide following details : Mobile number on which he or she has received the IMT details. The Sender's code. The SMS Code.
- You go to an ATM.
- Insert your credit card in the machine.
- Put in your PIN.
- Withdraw cash as per availability.
