Comment on POA - Power of Attorney for your Demat account

Subhankar Roy commented on 04 Oct 2017, 09:05 PM


I have got another question-
In the Running Account Authorization the 7 points states —

All accounts with credit balance of Rs 10000/ – or lesser shall be automatically retained and transfer of funds to the bank account shall not be made as per SEBI circular MIRSD/SE/Cir-19/2009 & Exchange Circular Nos. NSE/INSP/24849 & 20091204-7

So does it mean that minimum 10k always should be maintained in the account?? So lets say if i put 5k in the account and made 1k profit . so I cant transfer the 1k into my bank ??

Please clarify?

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