New Pledge System - How To Pledge Your Shares in Zerodha and Generate Margin

Finance Guru Speaks: This article will guide you on how to Pledge your existing Shares in Zerodha to generate Collateral Margin to be used for Intraday or F&O Trading.

Zerodha, as a Trading and Demat Account, has gained very wide popularity because of very low-cost trading and ease of use. If you don't have the Zerodha account, then you can open it through this LINK. It is very easy to open a Demat Account in Zerodha.

To begin with, normally you pledge your shares to generate the Margin, which can be later used for trading Intraday, Futures, or Options. The Pledged Shares need to be Authorised as per the new Pledge System.

Steps to Pledge Shares in Zerodha:-

1. Login to Zerodha after clicking here. Provide your User ID, Password, and then your assigned PIN to Login.

Zerodha Login

Zerodha Login

2. On the Home Page, go to the Console. You can click this link as well once you logged in, to go to Console.

3. On the New Page, Click on Portfolio and then on Holdings:-

How To Pledge Your Shares in Zerodha and Generate Margin

How To Check New PAN Card Application Status Submitted To NSDL?

Finance Guru Speaks: This article will provide you detail on how you can check the current status of your NEW PAN Card Application submitted to NSDL. 

You submit Form 49A for the submission of New PAN Card request for Individual Taxpayer who is a citizen of India.

Steps to check the status of your New PAN Card Application:-

1. You can submit your new PAN Card application through Form 49A. Once you submit, you will get an acknowledgment receipt no. as follows. Note down the ACKNOWLEDGEMENT NUMBER as shown below:-

(Click to enlarge) Form 49A - New PAN Card Application

2. Open NSDL Status Check Website by clicking here.

3. Select Application Type as PAN - New / Change Request and provide the ACKNOWLEDGEMENT NUMBER. Enter the shown code and click on SUBMIT button:-

(Click to enlarge) PAN Card Application Status Check

3. As you have recently applied for the PAN Card, you will receive the Status as Under Process:-

(Click to enlarge) PAN Card Application Status Check

4. Once the PAN Card is generated and dispatched via Courier, you will get the confirmation, Courier Tracking details along with the expected Courier delivery date:-

(Click to enlarge) PAN Card Application Status Check

You can also note down your new PAN Card Number from this screen.

Also Read:

More Articles About PAN Card

Images Courtesy: NSDL Website

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Download Kotak Securities Account Closure Form To Close Trading Account

Finance Guru Speaks: This article will provide you Kotak Securities Account Closure Form for Individual-Residents to close the Trading/Demat Account.

You have to fill this Account Closure Form and submit to the Kotak Securities branch when you want to close your Demat or Trading Account. You can also use this Form to transfer your DP Account from Kotak Securities to another DP Participant. 

Example- To Close & Transfer your all the Kotak Securities holding Shares to ICICI Direct or Zerodha, etc.

To download:



Please click:  Kotak Securities Account Closure Form

Important instructions shared by Kotak Securities -

1. Please surrender all unutilized Instruction Slips along with this Closure Request.
2. Account will be closed, subject to NO HOLDINGS and SIGNATURE VERIFICATION as on records.
3. In case of joint holders, all holders must sign.
4. Please clear the DP dues if any.
5. In case of any Mutual Fund holdings at the time of closure, you may either redeem the same or get it transferred (Note: The ARN shall be changed from Kotak Securities Limited (KSL) to the target distributor’s ARN, as specified by you or to the offline ARN of KSL if no ARN is mentioned by you on conversion request)
6. In case of closure cum transfer case, the BO should submit duly certified (signed and stamped) Client Master Report (CMR) obtained from the target Participant.
7. Please note that once your trading/demat account is closed, all active and running SIP’s sourced through our portal/any online mode will be deemed to be cancelled with immediate effect.
8. Your request will be processed within a tentative period of 10 working days from the date of receipt of complete documents.

Also Read:

More Articles on Download Forms

Images Courtesy: Kotak Securities Website

How To Pay Income Tax Online In India?

Finance Guru Speaks: This article will provide information on how you can pay your direct Income Tax using Online facility provided by Income Tax department. This article is meant for Individual Tax Payers.

Below are the steps to be followed:-

1. Open TIN (Tax Information Network) website by clicking here.

2. Click on "e-payment : Pay Taxes Online" link, as shown below:

Click to enlarge - e-payment Pay Taxes Online

3. Now, click on "Click to pay tax online" link, as shown below:

Click to enlarge - Pay Income Tax Online

 4. Click on "CHALLAN NO./ITNS 280" link, as shown below:

Challan 280

5. Fill in the details after providing your PAN No. in the below screen:

  
Individual Tax Payers: Select/Fill the options as shown in the screen for paying the Direct Income Tax for FY 2014-15 (i.e. AY 2015-16)

Click to enlarge -  Pay Income Tax Online Form

Select the Bank through which you want to pay the income tax using Internet Banking facility. Then click on "Proceed" button which is given at the bottom of the above page.

What is a Demat Account?

Finance Guru Speaks: Demat refers to a Dematerialised Account.

Just as you have to open an account with a bank if you want to save your money, make cheque payments etc, you need to open a demat account if you want to buy or sell stocks. So it is just like a bank account where actual money is replaced by shares.

You have to approach the DPs (remember, they are like bank branches), to open your demat account. DPs can be Kotak Securities, Share Khan, India Bulls, ICICI Directs etc.

Let's say your portfolio of shares looks like this: 40 of IOC, 25 of TCS, 45 of RIIL and 100 of INFY.

All these will show in your demat account.

So you don't have to possess any physical certificates showing that you own these shares. They are all held electronically in your account.

As you buy and sell the shares, they are adjusted in your account.
Just like a bank passbook or statement, the DP will provide you with periodic statements of holdings and transactions.

A Demat account is a must for trading and investing.

Get your documents in place

Once you approach your DP, you will be guided through the formalities of opening an account.
You must fill up an account opening form and sign an agreement with your DP.

The DP will ask for some documents as proof of your identity and address.
Check with them what they require. For instance, some may accept a driver's license, others may not.
 

Here is a broad list (you won't need all of them though):

* PAN card
* Voter's ID
* Passport
* Ration card
* Driver's license
* Photo credit card
* Employee ID card
* Bank attestation
* IT returns
* Electricity/ Landline phone bill

While they only ask for photocopies of the documents; they will need the originals for verification.
You will have to submit a passport size photograph on which you sign across.

The charges for account opening, annual account maintenance fees and transaction charges vary between DPs. To get a comparative idea, visit the websites of NSDL and CDSL.

You can nominate whoever you like by filling up the nomination details in the account opening form. This is to enable the nominee to receive the securities after the death of the holder of the demat account.

All set?

When you open an account, the DP will allot a unique BO ID (Beneficial Owner Identification) Number, which you need to quote for all future transactions.

If you want to sell your shares, you need to place an order with your broker and give a 'Delivery Instruction' to your DP.

The DP will debit your account with the number of shares sold. You will receive the payment from your broker.
 

If you want to buy shares, inform your broker about your Depository Account Number, so that the shares bought are credited into your account.

It's that simple.

Now get that account! :-)

 

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How To Check KYC Verification Status?

Finance Guru Speaks:  This article will provide you details on how you can check the status of your KYC Application. KYC verification is mandatory for Mutual Funds investments.

You can check your KYC Status from this link: KYC Status

You need to provide your PAN No. inorder to get the information.

If you don't know your PAN No, then you need to provide details like your Name, Date of Birth

KYC Status Check page looks like below:

Click to enlarge - KYC Inquiry

If your application is verified successfully, then you get the information as shown below:

Click to enlarge - KYC Inquiry Status

Images Courtesy:CDSL Ventures Limited Website

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