At the top of the slip you need to enter DP id and client of the current broker, At middle of the slip in the highlighted area there are two options for INTRA Depository Transfer and INTER Depository transfer . mention the Client Id and Target Client Id (Client ID of the DEMAT account you want to transfer the shares in)
Fill in details appropriately and submit the DIS to your current broker, make sure you collect an acknowledge of the same.
All in all here is  the process of transferring shares from your DEMAT account

1. Fill up the DIS slip.
2. Ensure all the fields are correct, especially the Target client ID.
3. Submit the duly filled DIS to your Current Broker.
4. Make sure you receive the acknowledgement from the current Broker

How many days will it take for the shares to transfer?

•  The shares will be transferred on the next business day

Is there a cost for transferring the shares ?

• Cost depends from broker to  broker, However it is very nominal/

Transfer of shares in case of closure of one DEMAT account

• Incase you are shutting one of your DEMAT account and transferring shares from that account to another account, the Transferring of shares is “free of cost” .Your existing broker should not charge you anything for transfer in case of account closure.

What is the process of transferring shares from one person to another ?

• In this case the process remains the same.

Important things to keep in mind before transferring shares between DEMAT accounts

• Ensure that your existing client ID is Printed or Stamped on the DIS and not hand written
• Ensure you have mentioned all the details correctly, Specially the Target Client ID
• Once the Entries are made, Strike out the other columns to avoid misuse
• If your DIS Booklet is stolen or ost, Inform your broker and ask him to stop those DIS
• When you close the DEMAT account , you need to return the DIS

Watch this video to how transfer funds with Samco account

The post How to transfer shares from your DEMAT account? first appeared on Support | Samco.

1. Change the first column to Spread on the add script bar, select the contract and hit enter to add the spread order as a script in your Market Watch
2. Once the Spread is added to your market watch, you can put a buy order by hitting “+” or “F1” & sell order by hitting “-” or “F2”
3. One can check the status of the Spread Order by clicking on “View Order/Trade Reports and then Spread Order Report

Start taking the benefits of the Spread Order today!
Happy Trading!

The post What is a Spread Order? first appeared on Support | Samco.

At times, your orders may get rejected due to some reason & the reason shown by the system reads like gibberish. We understand that it can be frustrating & you can potentially lose out on a trade while on the phone with our customer care team. So to help you understand why your order got rejected and how to modify your order for the trade to go through we are introducing – Rejections simplified!
It is our endeavour to help you self-serve yourself whenever you get a rejection while putting trades in our system. Instead of wasting your time on the phone, you can just check the reason for rejection in the below table, and rectify the same.

The post Understanding RMS Rejections While Placing Orders & Samco first appeared on Support | Samco.

How does the Samco Family Back Office work?

You can be both a Family Admin & a Family Member.
To become a Family Admin:

1. Log in to the Star Back Office account you want to designate as family admin.
2. Click on the Family Tab in the left column & click on the family admin tab.
3. Add the Samco client code of all the family members.

That’s it! We will send an email and flash your request on their Star Back Office to all your family members for their confirmation & all they have to do is accept the invitation.
Note: Also add your client code to the family admin panel.

How to become a member of anot

1. Provide your Client Code to the Family Admin.
2. Accept their Invitation sent via Samco Star or E-Mail
3. After their acceptance, you can view their details by logging into the Samco Star Back Office as usual & clicking on the Family Login button.

Apart from tracking the portfolio, you can:

1. View the Ledger & Trade Books of your family members.
2. See their Indian Trading League Ranks.
3. View the Open Positions & Stock Holdings client wise & script-wise.
4. Make Withdrawal requests for any family member for any segment.

Note: Withdrawals will only be credited to the linked bank account of your family member.
If some of your family members are not trading with Samco, head to the Referral Center in the Samco Star Back Office and refer them!

The post What is Family Admin Feature in Samco Star Back Office? first appeared on Support | Samco.

In India, “Delivery Trading”  stands for taking or giving delivery of Shares in the DEMAT Account.
A Delivery trade happens when a trader buys or sell shares & does not square off the position on the same day. These transactions are settled as per the T+1 settlement cycles of the exchanges i.e. Shares bought/sold on Monday are sold on Tuesday and so on and so forth.
Note: In India, positional short selling is not allowed in the Cash Market. Hence in order to sell shares, a trader/investor has to own them first.

What is Delivery Brokerage?

Equity Delivery Brokerage also known as delivery brokerage is the brokerage payable on a delivery trade which will be settled as per the exchanges T+1 settlement cycles.
What is the difference between Delivery brokerage vs Intraday brokerage?
Brokers usually charge delivery brokerage and intraday brokerage at differential rates with intraday brokerage being cheaper than delivery brokerage.
There are 2 primary reasons why intraday brokerage is lower than delivery brokerage

• The Brokers margin obligations remain tied up only for the day in case of intraday trades whereas in case of delivery trades, the same remain blocked for T+1.
• The Risk involved in delivery transactions from T day till T+1 day is higher than the risk in case of intraday transactions where the broker’s exposure to risk remains only for a few hours at best.

Delivery Brokerage Calculator

Traditional brokers charge a higher Brokerage when Investors transact in the delivery trades with brokerage running as high as 0.6% or Rs.600 per Lakh.
However, as India’s leading Discount Broker – SAMCO charges the lowest delivery brokerage i.e. only Rs. 20 per order or 2.5%, whichever is lower.
You can compare and calculate intraday brokerage vs delivery brokerage on the SAMCO brokerage calculator.
Begin Trading with India’s leading discount broker today – Open a Free Trading account.

The post What is Delivery Trading and Equity Delivery Brokerage first appeared on Support | Samco.

1. Instant transfer through UPI.
2. Fund transfer via payment gateway.
3. Depositing funds through RTGS/ NEFT/ IMPS.
4. Depositing funds to your account by way of cheques.

Instant Fund Transfer Through UPI:

Follow these few steps for a successful UPI transaction via the Samco app:

1. Navigate to the Accounts menu in the Samco App.

 2. Click on Manage Funds, then Transfer Funds.

3. On the gateway page, select the Segment, Bank Name, Transfer Type (UPI), and enter the amount.

 4. Enter your UPI ID / VPA ID and submit (UPI ID should be linked to your registered bank account). Please ensure that the payment is made from your registered bank or else the payment would be rejected.
5. Open the UPI app (BHIM, Google Pay, PhonePe, etc) and approve the transaction. You will get the notification for the amount collected by Atom Technologies.

    6.  To complete this transaction, you need to enter your six/four-digit UPI pin and your fund will be transferred successfully.

After getting the ‘Success’ message in the UPI app, you will see the same success message from Samco. This web page might take a couple of seconds to reflect the transaction status, so don’t close this page in the processing period.
After completion of all the above-mentioned processes, now you will see your transferred fund in Quick Stats under Payin Today.

Note: 

1. The amount entered by you in the amount field should be between Rs.51 To Rs.1,00,000 Max in UPI.
2. Ensure that the new transfers are made only from the UPI’s collected request and NOT made using SAMCO’s VPA (For eg: UPI ID- Atom@Hdfcbank). If you make a transfer using Samco’s VPA directly, the money won’t reflect in your balance and you will have to raise a ticket for the credit or refund.

Click here to watch a video tutorial on “Instant Fund Transfer via Samco app using UPI mode“.

Instant Fund Transfer Through Payment Gateway:

Follow these simple steps to transfer funds through payment gateway using the Samco NEST Trader (Desktop EXE application)

1. Login to your NEST trading software.

    2. Click on the “Secure URLs” option at the top in the menu bar.

 3. On the payment gateway window, select the Segment, Bank Name, Transfer Type (Net Banking), and enter the amount.

Once you click on the Submit button, you will be redirected to your linked bank’s login. Initiate the fund transfer and the submitted amount will immediately reflect in your trading account.
Click here to watch a video tutorial on “how you can transfer funds to your trading account”
You can also transfer funds via the Payment Gateway from the Samco Web platform and Samco app.

Fund Transfer through Samco Web:

Follow these 5 steps to transfer funds through payment gateway using the Samco web (browser application)

1. Login to your Samco Web browser application with your user ID and password.
   
2. Navigate to Quick Stats on the top right-hand corner of the application window and click it. 

       3. On the quick stats pop-up, click on the Transfer Funds button.
       4. On the payment gateway window, select the Segment, Bank Name, Transfer Type (Net Banking), and enter the amount.

Once you click on the Submit button, you will be redirected to your linked bank’s login. Initiate the fund transfer and the submitted amount will immediately reflect in your trading account.
When you transfer funds via the payment gateway, payment gateway charges and applicable service taxes shall be applicable.

Depositing funds through your bank account Via RTGS/NEFT:

You may also transfer funds via NEFT or RTGS, All you need to simply do is add Samco Securities / Samco Commodities as your beneficiary in your Net Banking transfer option. Once the beneficiary is added, you may transfer funds to your trading account by logging in to your net banking. Below are the details for depositing funds through your bank account.
Samco has simplified the process of transferring funds via RTGS and NEFT to your trading account by the introduction of a virtual personalized bank account number for transferring funds.

• For transferring funds to the Equities Segment:

For Equities, F&O and Currencies
Account Name: Samco Securities Limited
Account Number: 00600340077012
Bank and Branch: HDFC BANK LTD, Fort Branch, Mumbai
Account Type: Current Account
IFSC Code: HDFC0000060 [For RTGS/NEFT/IMPS Transfers]
Time – 2 – 10 hours depending on your bank
Cost – SAMCO charges are zero but Bank charges may apply
After completing the transfer, kindly send the transfer details and acknowledgment through the Support Help Desk

• For transferring funds to the Commodities Segment:

In place of the Samco Bank Account number, mention ZSCOMMCLIENTCODE (No Spaces)
For Instance, if your client code is RP30453 then in place of the Bank Account Number, Simply mention ZSCOMMRP30453
Account Name: Samco Commodities Limited
Account Number: ZSCOMMRP30453
Bank and Branch: Indusind Bank, Fort Branch, Mumbai
Account Type: Current Account
IFSC Code: INDB0000033
Visit the Samco Fund page to know the bank details against your client ID. 

Depositing Funds to your account by way of Cheques:

In case you wish to deposit funds via a cheque, please issue the cheque in the favor of “Samco Securities limited” or “Samco Commodities limited”. The following are the details for transferring funds by issuance of a cheque.

For Equities, F&O, and Currencies:

Cheques to be drawn in favor of “Samco Securities Limited”
Time – 3 to 4 working days depending on your bank
Cost – Free

Watch this video to understand how to transfer funds using Samco NEST Trading account

For Commodities:

Cheques to be drawn in favor of “Samco Commodities Limited”
Time – 3 to 4 working days depending on your bank
Cost – Free
Note: After completing the transfer, kindly send the transfer details and acknowledgment through the Support Help Desk.
To withdraw funds from your online trading account, you shall need to visit the Samco STAR Back Office.

The post How to transfer funds to your Samco Trading account? first appeared on Support | Samco.

The CTT Tax or Commodities Transaction Tax is levied on Trades made on Commodities Exchanges akin to Securities Transaction Tax – STT on Equity Trades. It is a tax payable to the Central government by commodity traders and therefore classified as a regulatory charge.

Introduction of CTT or Commodity Transaction Tax

CTT has an interesting history. First proposed in 2008, the proposal met with vehement opposition from Commodity Exchanges. They argued that Commodity trading in India was at a nascent stage & introduction of CTT could adversely affect them. Hence the proposal was withdrawn.
CTT was proposed again the Budget in 2013, but only on Non-Agricultural Commodities such as Gold, Silver, Aluminium, Crude Oil among others. This time the Bill was passed & CTT was levied on Trades in Commodity Futures on & after 1 July 2013.

Watch this video to understand the Basics of Commodity Trading

CTT or Commodity Transaction Tax Calculations

CTT is also charged at Rs.10 per Lakh of & only on the Sell Side Turnover.
So for instance if the Buy Turnover is Rs. 1 Lakh and Sale turnover is Rs. 2 Lakhs, CTT applicable will be Rs. 20 i.e. 0.1% on Rs. 2,00,000 (i.e. Rs. 20)
You can calculate the CTT liability for commodity transactions on the Commodity Brokerage Calculator.
Important Note – CTT is applicable only on non-agricultural commodities. No CTT is applicable on commodity trading of agri commodities.

Impact of CTT on Trading volumes

With the introduction of CTT in commodity trading, trading volumes on the MCX and other commodity exchanges in India have seen a dip as high as 50% – 60%.
It has also driven away smaller segments of the volume contributors away from the segments since scalping, jobbing, etc have become an unviable and expensive proposition.
You can view the detailed charge list to or calculate all the costs such as Exchange Charges, CTT & SEBI Charges from the SAMCO Commodity Brokerage Calculator.
To begin trading commodities with India’s leading discount brokerage at Flat Rs. 20 per order or 0.05% whichever is lower, Open a FREE Commodity trading account today.

The post What is Commodities Transaction Tax (CTT)? first appeared on Support | Samco.

• Full Service Brokerage: These are expensive for traders as they charge brokerage as a percentage of the Transaction size. They may offer advisory services. Their brokerage rates differ for the type of trading done i.e. Intraday or Positional & these charges can eat up a substantial chunk of Capital & profits of the Traders.
• Flat Fee Brokers or Discount Brokers: Discount brokers are primarily online brokerages – a relatively new concept in India, these Brokers offer a value proposition for traders as they charge a low fixed fee per trade, regardless of trade size or style.

At SAMCO, we provide a flat Fee Brokerage of Rs.20 per Order regardless of the Trade size or segment. So whether you transact in the Cash Segment or Futures & Options, Intraday or Positional, you would pay Rs.20 per Order.
We are proud to say that we have helped our clients save Crores in Brokerage. Calculate your own savings on our SAMCO Brokerage Savings Calculator.

The post What are Brokerage Charges? first appeared on Support | Samco.

An Initial Public Offering (IPO) is the first time that the stock of a private company is offered to the public to purchase. IPO’s are often issued by smaller companies seeking more capital, but they can also be done by large private firms looking to be publically traded. IPO’s are also possibly done to monetize the investments of early private investors. The process of an IPO is generally known as “Going Public”
In an IPO the issuing company takes the help of an Underwriting firm to determine the following:

• What type of security to issue
• The best offering price
• The number of shares to be issued
• The correct time to bring it to the market

Watch this video to understand what is IPO

Advantages of an IPO

• The company has cheaper access to Capital
• Increase in the prestige and public image of the company due to high exposure
• Helps attract better management and employees through liquid equity
• Increasing and diversifying the equity base.
• Creating different financing opportunities: equity, cheaper bank loans, convertible debt

Disadvantages of an IPO

• Significant account, marketing and legal costs to be incurred
• Disclosure of discreet financial and business information which can be useful for competitors, suppliers and customers
• Loss of control
• A lot of time, effort and attention needs to be given to the management
• Risk of not meeting the target of required funding

The post What is an IPO? Advantages and Disadvantages of an IPO first appeared on Support | Samco.

• Calculate Exchange Transaction Charges for NSE Cash Markets, F&O and BSE Cash Markets
• Calculate Exchange Transaction Charges for Currency Markets on NSE, BSE and MSEI
• Calculate Exchange Transaction Charges for Commodities on the MCX

Where do I see the ExchangExchange Transaction Charges e Charges I have been charged?
Exchange charges are clearly mentioned on your Contract Note by the Broker. The broker collects these charges from you & then pays the same to the exchanges.
Where can I find details on the various types of regulatory and exchange related charges?
Different types of charges are applicable in trading which include Stamp Duty, STT and CTT, SEBI fees and Exchange transaction charges. Details about these can be found on the Trading Charges List on the Samco Website.
What are the Current Exchange Transaction Charges?
Exchange charges vary from Exchange to Exchange & on the basis of type of instrument traded. Below is the comprehensive list of Exchange Charges across major Indian exchanges, namely, BSE, NSE & MCX.
Exchange Charges for Trading in Equity Cash & Equity Derivatives Segments:

 Exchange Charges for Trading in the Currency Derivatives Segment:

Exchange Charges for Trading in the Commodities Derivatives Segment:

You can see the detailed list of Charges on our Charge List.
In case you wish to calculate ALL charges applicable on your Trade including Brokerage, STT, SEBI Charges, Exchange Charges etc. you can use our Brokerage Calculator.
Additional Links you may find useful

• STT
• CTT
• SEBI Fees
• Brokerage
• Other Non Trade Charges

The post Exchange Transaction Charges for NSE, BSE and MCX while trading in India first appeared on Support | Samco.