If my broker goes bankrupt, are my shares in demat account safe?

General
22

Thanks @ShubhS9

23

Yes. Your broker is just an in between bridge for you, stock exchanges and the regulatory bodies. Your shares will be held safe irrespective of the broker status.

24

Iam a non POA . I do BTST on a daily basis .
Daily I place 100’s of AMO orders. I do btst on atleast 10-15 counters
Zerodha CDSL tpin+otp is the best in businss.
In zerodha daily I authorize all holdings at 8.01am with a single tpin+otp.
Then I place all my CNCsell LIMIT AMO orders before 8.57am.
I use airtel sim. Instant otp . Iam doing it daily like a religion. No issues at all. Half the time from mobile kite app. no issues at all.
Your sim coverage in your location must be bad. dont use bsnl . Use only airtel

1 Like
25

You can easily change your broke and transfer your share in another demate account. Contact In zerodha support team its help you.

26

Thanks @brokenbull , can authorise all holdings after 5pm for next day , and place cnc amo limit orders ? did you tried that , why you are placing in morning at 8.01 am ? any speific reasons ? like if authorisation failed or order execution failed and again asking otp ? or waiting for overall global mkt sentiment etc …?
bcz if authorisation failed and order got executed , would end up in short delivery , ( would we get any icons showed up for authorised sucessfully , like in case of pledge a lock icon appears ? )
Thanks

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27
  1. I always start placing buy AMO buy orders after 7am after looking at USA S&P futures (not SGX) .
  2. If I place SELL CNC AMO orders before 8am , some time it asks for tpin+ otp again( happened few times) , when I tried to edit existiing CNC sell order during 9.15am -3.30pm as stock is not going up to limit sell target.
    i use the time 7-8am for placing fresh buy AMO orders & CNC SELL orders after 8.01am with a single tpin +otp authorisatiuon from holdings.
  3. I dont trade equity futures /options . only stocks . Usually all buys as MIS AMO. (CNC only where it is must )
  4. I have account at another broker. Zerodha’s CDSL tpin+otp pop up is the best in business.(with a single blanket authorisation)( Other btoker each stock authorise one by one )
  5. There is no short delivery of stocks in zerodha. system will close at 3.20pm & charge you extra ₹50+ tax apart from brokerage.
  6. Iam not interested in paper sign+courier POA>. Non POA is working smoothly. I dont pledge.
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Thanks @brokenbull , this is what i want to know , so someties asking again if placed previous day ,ok.

previously studied another thread in this forum , after feb 20, 2021 rules changed , if sold stocks without authorisation ( or failed , due to some reasons , it will result in short delivery ) , so asked whether will it show any symbol that for the stocks which already authorised and no symbols for unauthorised stocks in my holding ,
Thanks.

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im asking for cnc holding stocks , not mis intraday trades .

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  1. MIS trades dont need tpin business.
    2.we are talking about CNC holding stocks only.
    3.CNC stock SELL authorisation before 8am sometimes fails & asks again during regular hours when the market is running.
  2. To avoid the hassle doing during 8.00am to 8.57am. works smoothly.
1 Like
31

Thanks @brokenbull

32

Are you saying if we have sold shares in CNC but didn’t authorise CDSL Tpin+OTP before 3:20pm, then it will square off the order so that we don’t incur short delivery ?