Do not keep funds idle with the Stock Broker.Please note that in case of default of a member claim for funds or securities given to the broker under any arrangement/ agreement of indicative return will not be accepted by the relevant Committee of the Exchange as per the approved norms. Brokers or their authorized persons or any of their associates are not authorized to offer fixed/guaranteed/regular returns/ capital protection on your investment or authorized to enter into any loan agreement with you to pay interest on the funds offered by you. Beware of fixed/guaranteed/regular returns/ capital protection schemes.2.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. No worries for refund as the money remains in investor's account. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. 1.No need to issue cheques by investors while subscribing to IPO.
