FAQ

Frequently Asked Questions

Once you have made the decision to invest in Bonds, we start with your KYC process through which you submit your documents which will be verified by our team. Once the KYC is completed, you will receive an email of your deal details. After verifying the deal details you shall transfer the settlement amount to the beneficiary details of (ICCL/NSCCL or NSE clearing ltd.) Bank A/c held with Reserve Bank of India. The mode of transfer is mandatorily RTGS.

- Aadhar Card of the Investor
- Pan Card of the Investor
- Client Master List (CML)
Client master report or CMR copy is the PDF document which contains all the details about the client who has opened a Demat account with brokers in India. You can get your CML copy from your Stock Broker website like kite, angel broking etc or by calling them.
- Bank A/c Details
Bank statement of your bank with the Account number clearly visible or cancelled cheque. This should be the same bank from where the payment for your transaction should come.

NO. 24Carat Capital Markets Pvt. Ltd. does not charge any commission or brokerage from investors. You need to transfer only the settlement amount to (ICCL/NSCCL) Bank Account held with RBI. No monetary transactions will be done directly between the investor and 24Carat Capital Markets Pvt. Ltd.

The minimum investment is ₹ 2,00,000/- , or 10,00,000/- , depending upon the face value of security the investor will choose to invest in.

The investor has the choice to take the delivery of the securities in Demat Account maintained with either CDSL or NSDL. Hence having one the the above accounts is mandatory.

For Bonds which are purchased through ICCL/NSCCL, the units are transferred to your Demat Account on the same day when the RTGS payment is made.
Once the pay-in process (when ICCL/NSCCL receives funds from investor and securities from seller), the Pay-out process is completed after which the securities are received by the investor.

The Indian Clearing Corporation Ltd (ICCL), a subsidiary of BSE Ltd. NSE Clearing Ltd or the National Securities Clearing Corporation Ltd (NSCCL), a subsidiary of NSE Ltd. are both bodies that were established and are regulated by SEBI. They are responsible for clearing and settlements of all trades and eliminate the couterparty settlement risk. Hence maintaining the investors safety.

Beneficiary Name Indian Clearing Corporation Ltd. NSE Clearing Ltd.
Bank Name Reserve Bank of India Reserve Bank of India
IFSC ICLL0000001 XNSE0000001
Account No. 8715962 8715106
Branch Fort Mumbai Mumbai
NOTE: Transfer of Funds shall done only through RTGS

Beneficiary Name Indian Clearing Corporation Ltd NSE Clearing Ltd
Depository type NSDL NSDL
CM Name Indian Clearing Corporation Ltd. NSE Clearing Ltd.
CM BP ID IN619994 IN568177
Market Type ICDM (T+0/T+1/T+2) Corporate Bond
Settlement No. As per settlement date As per settlement date

Selling your securities is as hassle free and swift as buying of securities. You can submit your sell request on our website by giving the basic details of your security. We will find a potential buyer with the best bid preferably in a short span of time. No commission or brokerage will be charged by us.

 

 

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