Security of money with the brokers

Hi!

I have a curious question on how far the money is secured with the brokers. We all have observed the mal practices by Karvy in recent times. Therefore, a question always comes in our mind if for any reasons the broker collapses or gone to bankruptcy, then what will be the fate of the traders/investors whose money is lying with the broker in trading account. I don’t know whether the very question is silly, but it always pricks our mind.

Could you please throw some light on this?

Thanks.

@ShubhS9,@nithin

You can give this a read.

OMG! So scary it is!

Life is scary in all areas. But we have to live with positive mindset. If you fear about money with broker, withdraw to your bank account.

Really! Your advice is much appreciable.
Thanks a lot for your so kind advice.

You are welcome