Comment on Latest Pi update - 29th Feb 2016

chandru mehta commented on 24 Jun 2016, 04:11 PM

a)How can you block access to my funds and not allow me to trade in a market. I can understand that margin limits can be reduced but under which rule have you completely blocked access to my funds for trading in MIS Indtraday.

b) Volatility is not greater than circuit limits provided by Stock exchanges.

c) Even in the most volatile stocks margins are reduced for safety. You have no authority to block my funds . It means you have closed down services for that share / for that period . legally this is not tenable unless as informed by the Market regulator which is not the case.

d) Please provide me the rule in BSE / NSE that a customer access to funds for trading will be 100% completely blocked for mis intraday trading in Volatile markets. Please email me or provide me the link here that provides you the authority to do so @ 100% funds block.
e) Why has Edelweiss or other broking houses not done so.This means Zerodha has intentionally caused loss to a customer. it could also mean that zerodha for personal gains has used customer funds as margins and hence is unable to provide regular margins.
e) Your response is not acceptable and i will take this futher to ensure that other customers in future dont get affected by Zerodha’s false statements .

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