Having a share trading/associated demat account with the subsidiaries of banks has the same safety as having an account with the respective bank at times of collapse of the bank.
However, how safe is having a trading account with private brokers? What if those firms undergo a scam or go belly up bankrupt? Market collapses may bring along with it such surprises. Brokers have earlier gone bankrupt leaving their clients in dire straits. So isn’t it to be safe than sorry? How safe is our money with them, and how ease is to liquidate the shares in the demat accounts associated with them in such scenarios? (Note that they are not demat service providers, it is either NSDL or CSDL, but we have given power of attorney to them for our demat accounts.) Have you ever thought about it?
WE have to be skeptical definitely before trusting with our hard-earned money.
- Maharashtra Institute of TechnologyCivil Engineering, 1988 - 1993
- Sree Narayana Guru Institute Of TechnologyCivil Engineering, 1985 - 1988
- N.S.S. High SchoolHigh School, 1979 - 1985
- Sacred Heart Convent High SchoolPrimary School, 1973 - 1979
Rajasekharan N., has an autobiography at RajNco. Thanks for checking his profile there.
- Raj&CoProprietor, blogger, 2003 - present
- Independent Medical Transcription ContractorMedical Transcriptionist, 2003 - 2012
- Seyyone Software SolutionsMedical Transcriptionist, 2001 - 2003
- Ravichandra Systems and Computer Services LtdMedical Transcriptionist, 1999 - 2001
- Multiple BusinessesProprietor, Partner, 1993 - 1999
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