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Over 600 broker apps on Play Store tagged; move aimed at helping investors distinguish genuine platforms from fakes

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1.For Stock Broking, Prevent Unauthorized Transactions in your account –> Update your Mobile Number with your Stock broker. Receive alerts on your Registered Mobile for all debit and other important transactions in your Demat account directly from Exchanges on the same day. 2.For Depository, Prevent Unauthorized Transactions in your Demat account –> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your Demat account directly from CDSL/NSDL on the same day. 3.No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor’s account. 4.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. 5.Investors should be cautious on unsolicited emails and SMS advising to buy, sell or hold securities and trade only on the basis of informed decision. Investors are advised to invest after conducting appropriate analysis of respective companies and not to blindly follow unfounded rumours, tips etc. Further, you are also requested to share your knowledge or evidence of systemic wrongdoing, potential frauds or unethical behaviour through the anonymous portal facility provided on BSE & NSE website.1.For Stock Broking, Prevent Unauthorized Transactions in your account –> Update your Mobile Number with your Stock broker. Receive alerts on your Registered Mobile for all debit and other important transactions in your Demat account directly from Exchanges on the same day. 2.For Depository, Prevent Unauthorized Transactions in your Demat account –> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your Demat account directly from CDSL/NSDL on the same day. 3.No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor’s account. 4.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. 5.Investors should be cautious on unsolicited emails and SMS advising to buy, sell or hold securities and trade only on the basis of informed decision. Investors are advised to invest after conducting appropriate analysis of respective companies and not to blindly follow unfounded rumours, tips etc. Further, you are also requested to share your knowledge or evidence of systemic wrongdoing, potential frauds or unethical behaviour through the anonymous portal facility provided on BSE & NSE website.

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