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There is a SEBI rule that all the funds lying unused by the Brokers need to be transferred back to the Clients Bank Account.

1st time Zerodha bought overnight liquid funds on my name without informing me. I was shocked how the transaction is executed with Bank of Baroda Mutual Funds something. when I asked Karvy they directed me towards Bank of Baroda. Later when I asked Bank of Baroda how the transaction was executed they were not providing me the details. I mentioned it clearly that I will raise the complaint against them. Later I got the response that Zerodha executed the order. When I raised the issue with Zerodha, Zerodha blamed me that you chose the option that the money should be put in the Liquid Funds on my profile page. In face I never access my profile page. They created the radio buttons and they themselves chose the option and put the blame on me.

Later I gave them the benefit. It's ok. I will put the option refund my money in my account each quarter.

2nd time - Today one guy called me from Belgaum Branch and talked causally that do you trade regularly. I said if you are Zerodha Employee, you should be knowing it. He suggested to put money in Liquid Funds, I told him I don't do that. I only buy and sell options. So he said bye.

Later I got the SMS from Zerodha, that As per your instructions your money is invested in Liquid Funds, although the Funds will be available to trade.

I already made clear to Zerodha, that I don't want my name to be in everyone's book that I bought Funds... and don't give my personal details to anyone. Just refund the money each quarter and I will bring it back.

But today Zerodha again bought Liquid Funds on my name with Reliance Mutual Funds.

This is how Zerodha is operating now a days.

IF you have a Zerodha account. You have to be careful.