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How to store your financial documents safely?

December 10, 2022 in Money MattersAvishek Pyne
To store or not to store is the big question… that everyone, especially the earning members of our society, has to face regularly to keep their records correctly updated for f...
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When should one buy a life cover?

December 03, 2022 in Financial PlanningNischay Avichal
Have you bought life insurance yet? If yes, that sounds wonderful. You have made the best decision of your life. But why did you get it? Did you buy the policy because you wer...
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Three Investment Tips for Young People

November 26, 2022 in Financial PlanningNischay Avichal
With the increasing reach and volume of information readily available online, it isn’t very hard for youngsters to keep pace with the various investment opportunities availabl...
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A Will is Willingly Necessary Right Now, More Like Yesterday

November 12, 2022 in Financial PlanningAvishek Pyne
What is Will?

Have you ever thought of the day when everything will...
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Did you know that you can still save taxes on NPS tier 1 in the new tax regime?

November 05, 2022 in Financial PlanningGopal Chandra Dey
National Pension System (NPS) is a voluntary, defined contribution retirement savings scheme designed to enable subscribers to make optimum decisions regarding their future th...
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Where should you park your emergency fund?

October 28, 2022 in Financial PlanningNischay Avichal
When you plan your goals or lay out your financial plan, it is essential that you consider the place for an emergency fund in it. Unexpected expenses and job losses can put se...
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SIP - Small Steps towards Big Dream

October 21, 2022 in Financial PlanningSuman Dan
The Great Albert Einstein once said, “The Compound interest is the eighth wonder of the world. He who understands it … earns it, he who doesn’...
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5 major reasons you should keep an emergency fund

October 15, 2022 in Financial PlanningNischay Avichal
In this blog, we shall discuss one of the essential habits that make for good financial health– an Emergency Fund. Assuming that you budget and account for every expense dilig...
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Did you know you can save tax against interest paid on a home loan?

October 08, 2022 in Financial PlanningNischay Avichal
Buying a home is a dream come true for many aspiring Indians. It is an achievement! Most of them do so by taking home loans. If you are one of th...
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All you must know about Deductions under Section 80C

September 30, 2022 in Financial PlanningNischay Avichal
If you are a taxpayer, it is important to understand the various tax deductions that you can claim. Knowing the various deductions, you are eligible for and claiming them appr...
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Dayco Securities Pvt Ltd

Regd. Office:

Poddar Point B Block (North),
7th Floor, 113 Park Street,
Kolkata – 700016, India.

Notice Board

Settlement of Running account of Clients funds Lying with Trading Member

SEBI has issued a circular dated July 27, 2022 wherein all Previous circulars on running account settlement of client’s funds and securities stands modified and accordingly only Funds lying with the trading member shall be settled on quarterly/Monthly basis as opted by the client w.e.f quarter beginning (October 2022 to December 2022).

SEBI has clarified that settlement of clients funds will be done on first Friday of the Quarter for clients opted for settlement on Quarterly basis and on first Friday of the month for clients opted for settlement on monthly basis. In case Friday is a Trading holiday then the same shall be settled on previous trading day.

We therefore wish to bring to your knowledge that since there will be full pay out of funds on the settlement day, hence to ensure continuity of trades on Monday ensure to make available the cash margin requirement.

In case of shortage in cash Margin requirement, your trades may not get executed and put on restricted trading mode.


- By order of the Management.

Please note NSDL vide its circular NSDL/POLICY/2021/0036 dated April 07, 2021, NSE Circular Ref. No: NSE/ISC/47869, NSE/ISC/48165 and BSE Notice No. 20210401-53, 20210503-41 dated April 01, 2021 and May 03, 2021, respectively has informed regarding the 6 KYC attributes i.e. Name, Address, Valid PAN, Valid mobile no., Valid email id & Income range made mandatory for all the categories of clients as decided in consultation with all MIIs and SEBI. Therefore, we request you to update the following KYC attributes in your demat/trading account for smooth operation. For further query please contact our helpdesk at 8336069307/9231023722 or mail to customersupport@daycoindia.com.

"Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.
Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create a pledge.

Pay 20% upfront margin of the transaction value to trade in the cash market segment.

Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard.

Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month. .........."

Notice on Collection of Upfront Margin from 1 Aug, 2020 in Cash Segment:

It is to inform you that SEBI Vide circular dated August 01, 2019 & February 25, 2020 has made Margin collection (Initial Margin & M2M) mandatory for trading in Cash/Equity Segment effective August 01,2020 failing which Penalty will be levied by the Exchanges for not meeting the Margin requirement.

Therefore in compliance with the same, we request all the clients to provide us the sufficient margin either in the form of Funds and or securities before undertaking any trade on the Exchange through us. Moreover it is also applicable for intraday trades undertaken by the client.

We request you to provide the securities in our client Collateral account if you wish to undertake the trade and comply with the SEBI requirement of fulfilling the Margin obligation requirement in Cash Segment (Applicable on both Delivery & Non Delivery).

It is also reiterated that SEBI circular also envisages that the Shares can be given for Margin to the Stock broker through Pledge Instruction only initiated through depository System. Therefore in lieu of the same any charges levied by the Depository (In our Case NSDL) will be simultaneously charged to clients on actual basis.

Therefore we request you to kindly Provide us the Margin as required through SEBI circular as mentioned above in order to meet the margin requirement as applicable for trading in the Cash segment.

No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investors account.

From 15th April Dayco is providing trade confirmation via SMS.

All clients are requested to record their email id for electornic despatch of contract and statement.

All clients are requested to record their mobile no. for trading and demat account.

All clients are requested to open a Speed-e for electronic Delivery Instruction.

113, Park Street, Poddar Point, B/ Block, 7th Floor, Kolkata-700016. PH 40675066/74, Compliance Officer: ADITI NUNDY, PHONE - 033-40675065, E-Mail ID- aditi@daycoindia.com I. G. Mail id- ig@daycoindia.com CIN No- U67120WB1994PTC064961.

Submit application letter along with photocopy of PAN and address proof requesting activation of Dormant Account.

All clients are requested to providing the NEFT details of your bank account for receiving directly credit to your account by online.Please summit a cancel cheque in your opprating branch.

Compliance Officer: ADITI NUNDY, PHONE - 033-40675065, E-Mail ID- aditi@daycoindia.com I. G. Mail id- ig@daycoindia.com CIN No- U67120WB1994PTC064961.

http://www.daycoindia.com/accountopening/formsdownload/index.html. 

Prevent Unauthorized trn in your demat account Update your Mobile No with your DP Receive alerts on your Regd Mobile for all debit and other important trn in ur demat a/c directly from NSDL on the same day issued in the interest of investors.

"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."

"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."

Registration No.: SEBI RIA : INA300016701 | STOCK BROKER : INZ000265037 | NSDL : IN-DP-569-2021 | PFRDA : POP 24092018 | IRDA : IRDA/IRI/2013/026 | AMFI : ARN-46706 | GSTIN: 19AAACD9409P1Z2 | CIN: U67120WB1994PTC064961
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