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KYC is one time exercise while dealing in securities markets – once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorized your bank to make payment in case of allotment. No worries for refund as the money remains in investor’s account.
Trading and investments in Equities and Commodities are subject to market risk, there is no assurance or guarantee of the returns. Please read the Risk Disclosure Document and Do’s & Dont’s prescribed by the Exchanges carefully before investing.