FREE Account Opening + No Clearing Fees
Loading...

Feedback Message Board



1 Comments

1. sunil   I Like It. |Report Abuse|  Link|April 23, 2018 4:39:31 PMReply
Sir,
I have lost Rs.82000 due to the mistake of RMS in Motilal Oswal. I had taken a futures of Sun Tv and there was a shortage of margin which I got an sms on friday to pay or else they would square of the position on monday. I transferred the money on saturday, but still they have squared off the position. When I called them they said that I have to transfer to F&O section, but I had transferred to cash section. Also while opening account , they said that the AMC for first year will be free, but they have debited my account. I had called the executive many times, but he hasnt reversed the same.
1.1. SRIKANT PATRO   I Like It. |Report Abuse|  Link|April 24, 2018 11:56:54 AM
Dear sunil,
Company is providing limit for buying or selling any contract(equity &FNO) but you need to hold such amount of margin for further carry.If RMS coming on Friday that means you got mail and massage on Friday for the same.
On Friday before 3.30 u need to square off the position else need to transfer the same.After 5pm they will block your account for RMS selling,hence if you transfer after 5pm they will not consider your amount and RMS will take action.

Hope its clear for you