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1. Samjos   I Like It. |Report Abuse|  Link|October 15, 2022 6:09:14 AMReply
Don't open account in KS. I had used for 3 years waiting for them to improve, but they are getting worst, so closing now.
1) Among increasing popularity of SME IPO they don't display them & thus not allow SME IPO application.
2) Even with mainboard IPOs, they close at 12MD last day. So if you are applying after look at last hour subscription in IPOs, KS does not allow application after 12 MD.
3) They require minimum Rs 1000 balance in trading account, though you got a 3in1 account. Every week they & nse send you either positive & negative fund balances by SMS, & you have to login every week to find cause & settle them or you need to pay HEAVY interest & auto settlle at 3 months if you had excess balance. With HDFC or AXIS SECURITIES, I don't have to balancing every week or pay hefty interest. They auto deduct from savings account as & when required, 1-2 in year.
4) They require to transfer fund from bank to trading account, before ordering any equity cash purchase, (atleast 25% of it & rest within 2 days, or they send SMS to oledge your shares). This is not required with atleast HDFC or AXIS SECURITIES. They directly transfer amount from savings account when order is executed, or give error of insufficient fund at beginning.
5) When you get offline transfer of gifted shares to your demat account, it does not allow to adjust purchase prices of securities, instead consider day & price of transfer day to calculate short or long term capital gains. Legally in case of offline transferred gifted shares, purchase price & date is considered of donee.
6) You are charged separately to receive tips by sms or by phone.
7) still many others, that I won't suffer with other 3in1 bank brokers.
1.1. Shrikant Atmaram Sawant   I Like It. |Report Abuse|  Link|November 8, 2022 10:58:18 AM
ICICI Direct 3 in 1 account is also same, they will deduct the unknown charges from the saving account. If you are availing MTF (magin trading funding) facility then you will become their prey. They deduct many charges they haven't informed you ever. The customer care officers are the worst in the world they are purely illiterate people and they always fail to confidently tell you the explanation or the solution of any query.
One of the most expensive and fraud brokerage houses in India.
Please don't open demat and trading account in ICICI direct.
1.2. Anuragini   I Like It. |Report Abuse|  Link|November 16, 2023 4:21:18 PM
I can say if you want to experience bullying open account here . No greviance addressal mechanism. Totally disappointing