Announcements

Nomination is an important aspect of managing your account in your absence, whether it's your bank account, trading account or Demat account.

Why should you add a Nominee?

A nominee is the person or person(s) you legally appoint to own your shares in your absence.

• 🔸 Adding a nominee can provide peace of mind knowing that your loved ones will be taken care of in case of an unfortunate event
• 🔸 It can help avoid potential disputes among your heirs about who should inherit your assets
• 🔸 Saves your loved ones from having to go through tedious paperwork to access your assets in case of your death

How can you add a nominee to your Upstox Demat+Trading account?

• - Log in using your 6-digit PIN or Biometrics
• - Click on 'Account' and then 'Profile'
• - Click 'My nominees' under 'Profile'
• - You will be redirected to the 'Nominee details' page, where you will click on 'Add nominee' or 'Opt-out' 
• - Fill in the nominee details and then click on 'Continue'
• - Upload an ID proof of the nominee
• - Once the documents are uploaded, enter the 'Nominee share in %' you want to give to that nominee. You also have the option to add up to 3 nominees to your account. 
• - 'eSign with Aadhaar OTP.' You can eSign if your mobile & Aadhaar are linked.

To know the detailed steps to add/update your Nominee, read this blog.

Kindly ensure you add/update your Nominee by 15th May 2023.

On account of Holi, keep the following in mind:

• - Markets will be closed on Tuesday, 7th March 2023. Trading will resume on Wednesday, 8th March 2023
• - MCX will also be closed on Tuesday, 7th March 2023 for the morning session. The second session (5 PM - 11:30 PM) will take place as usual.
• - All fund withdrawal requests placed on Tuesday, 7th March 2023 will be processed on Wednesday, 8th March 2023.
• - The credit bill amount for equity segments on 6th March will not be available for trading or withdrawal purposes until 7th March 2023.
• - The credit bill for F&O and MCX segments on 6th March will not be available for trading or withdrawal purposes until 7th March 2023.

Starting from 1st March 2023 BSE will be revising tick size for scrips trading below ₹100. 

Before 1st March 2023 scrips with price of ₹15 or below had a tick size of 0.01 on BSE. But now scrips with price of ₹100 or less will have tick size of 0.01 per tick instead of 0.05 per tick. 

This will be applicable for all the scrips that have a closing price of ₹100 or less on the last trading day of the previous month.

What is tick size?
It is the minimum price difference that must exist at all times between consecutive bid and offer prices. In other words, it is the minimum increment in which prices can change.

You can check the announcement from the exchange here

All ITM Natural Gas option contracts on 21st February 2023 will be converted into futures contracts. 

To avoid square-off, ensure that you maintain sufficient margin for the future contracts before 10.00 PM today.

On account of US daylight saving timings, the trading hours for all commodities have been revised as follows:

All MCX intraday positions will be squared off on 13th March 2023 at 11.00 PM.

You can refer to the exchange circular here.