| Holdings: Q: Where are my securities held, and what happens if TradeJini defaults? A: In TradeJini, your securities are securely held electronically with CDSL (WEB) – TradeJini is a depository participant of CDSL. If, in a rare scenario, TradeJini defaults, your holdings remain safe with the depository. You can smoothly transfer them to another stockbroker of your choice. |
| Funds: Q: How are my funds protected with TradeJini, and what if the stockbroker defaults? A: Your funds are held in a separate client pool account as mandated by SEBI, ensuring a direct and secure connection to your account. In the unlikely event of TradeJini facing financial challenges, the Investor Protection Fund (IPF) guarantees the safety of your funds up to ₹25 lakh. Moreover presently we need to up-stream total client fund to the clearing corporation on a daily basis as mandated by SEBI. This ensures that client funds are always secured by clearing corporation. |
| Claims and Compensation: 6. Eligibility of Claims 6.1. The claims received against the defaulter member during the specified period shall be eligible for being considered for compensation from the IPF. 6.2. If any eligible claim arises within three years from the date of expiry of the specified period, such claims will be processed at the discretion of the IPF Trust. Any claim received after three years from the date of expiry of the specified period and not processed by the IPF Trust will be dealt with as civil dispute. 6.3. Any appeal against the non-entertaining of claims by the Trust shall be referred to the Board of the Exchange for decision. |
| Q: What is the process for filing a claim if TradeJini defaults? A: You have a three-year window to file a compensation claim in case of a default by TradeJini. Please refer to SEBI’s circular (WEB) for eligibility criteria. Claims within this period will be considered for compensation from the IPF. Visit NSE (WEB) and BSE (WEB) pages for details on claiming compensation. NSE provides coverage up to ₹25 lakhs per investor, while BSE provides coverage up to ₹15 lakhs. |
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