do you provide the feature of directly trf fund from equity ac to commodity ac from kite or pi instead trf from equity to bank ac then to commodity ac ? if not pl. provide this feature
It is not possible to transfer funds from equity to commodity accounts. SEBI guidelines expressly state that a broker cannot transfer funds from equity to commodity accounts.
To transfer funds from your equity account to the commodity account, you have to withdraw the funds first and then transfer to your commodity account.
Transfer funds between MCX and NSE
No, Both the segments are regulated by different bodies.
For equities, the exchanges are NSE/BSE/MCX/MCX-SX and they are governed by SEBI.
But note that funds which are in your equity account are allowed to be used for both equity and currency trading. It can’t be used for commodity trading.
So if your broker is offering this, beware! He is not being compliant with SEBI/FMC regulations. If he is not compliant with one rule, it is possible that he is not being compliant with other rules as well, which tomorrow might cause harm to the business and in turn, affect your trading account with him.
The link to FMC circular:
Can we use our equity amount for commodity trades?