“Is Zerodha’s Re-KYC as Hard as Electing the PM? You Won’t Believe the Time It Takes!”
“Is Zerodha’s Re-KYC as Hard as Electing the PM? You Won’t Believe the Time It Takes!” Don’t you feel the same? and the same applies to many brokers, KRAs and SEBI.
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We are in the digital era and Zerodha calls itself a digital 1st broker in India with a large client base. Does a KYC or Re-KYC take so much time? what about other digital products & services in India since the Stock Market represents India itself and our Market Regulators, Brokers, and KRA firms are doing?
It’s so sad to see this happening and many people are facing issues in doing Re-KYC the time taken for this will be 24 hours + 5 Working + 48 Hours extra time, what a joke. Zerodha is the largest broker and whenever there is an event in the stock market then their tech infra is gone and many clients will face the issue. The regulator just sits and fines everyone apart from these big players.
Mobile number and E-mail ID verification at the NSEKRA site: This is why many clients faced issues just verifying their mobile number and email ID and then having to do Re-KYC as said by Zerodha and many customers if they have KRA with NSEKRA. what is digital India we are living in and the Re-KYC process time is almost more than 7 working days as of now which may increase since both Zerodha and NSEKRA don’t have infra and tech for the same.
Customer and retail investor pain: Nobody namely Zerodha, NSEKRA & SEBI will listen to customers and retail investors and they don’t worry more about problems than simply building free awareness and start earning from retail investors and traders themselves in terms of brokerage, commission, dp charges, transaction charges and taxes, GST and more interestingly INVESTOR PROTECTION FUND.
Ever heard of the Investor Protection Fund? It’s like a safety net for investors, especially in the stock market. Imagine you’re investing your hard-earned money in stocks, and something unexpected happens like the company you invested in goes bankrupt or something fishy happens in the market. That’s where the Investor Protection Fund comes in.
It’s a pool of money set up by stock exchanges to help investors if things go south. If you suffer losses due to fraud, default, or other specified circumstances, you can get compensated from this fund. It’s kind of like having insurance for your investments.
So, if you’re thinking of diving into the world of investing, it’s good to know that there’s a safety net out there looking out for you.
SEBI collects it from all investors and traders as an Investor Protection Fund on every trade you make to protect retail investors and as we all see now and earlier this fund is used to motivate and advertise on financial products. Very little action on such incidents.
Share the post so that many should know the Digital Indian Infracture of Zerodha, NSEKRA and SEBI.
Happy Day and just go and have a cup of coffee. Be Happy and Remove this stress with a vacation.
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