Comment on Now gift stocks and ETFs to your friends and loved ones

Anirban Konar commented on 14 Nov 2020, 11:51 PM

This is a good one. However there is huge fraud risk involved. If account is compromised with CDSL pin then there could be huge loss for the account holder. As of now that risk is less unless someone adds or modifies the bank account cannot transfer money out. But this way fraud guy can gift all stocks to their own account from a hacked account. Then sell those and transfer the money to their bank account and run away. By the time the original account holder come to know and take action (not sure what that person can do) it will be all gone. Zerodha will not take any liability. Hope the gift option is not enabled by default.

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