If you’ve already added a secondary bank account to your Samco trading account and now want to make it your primary account, this step-by-step guide will help you do it quickly and easily. Changing your primary bank account ensures that all your future fund withdrawals are processed to the correct […]
How can I modify my date of birth in the Samco account?
Your date of birth isn’t just a detail, it’s a key part of your identity in your trading profile. Whether your DOB was entered incorrectly during onboarding or you’ve spotted a mismatch with your KYC records, it’s important to update it promptly. Here’s how you can complete the update step […]
Settlement Holiday – What It Means for Your Trades
A settlement holiday is a day when the stock markets are open for trading, but the settlement of trades does not take place as per the standard T+1 cycle. This occurs when the depositories (NSDL and CDSL) or the clearing banks are closed on that day. On a settlement holiday, […]
What is Contract Note and how to read it?
A contract note, which describes the specifics of a transaction done by investor/trader, is essentially a legally binding document. It gives a brief overview of the executed trades, including their date, time, and price. It also contains crucial details like the number of shares purchased or sold, the brokerage costs, […]
What is DP Bill/Transaction Statement and how to read it?
For individuals involved in stock market investing, the Demat account is an indispensable tool for holding and managing securities in electronic format. Within this realm, the DP Bill/Transaction Statement emerges as a crucial document that provides a detailed record of all activities related to your Demat account. A DP Bill/Transaction […]
What is a Statement of Account and how to read it?
What is a Statement of Account? A Statement of Account is a document that is issued by a broker to a trader or investor. It summarizes all of the transactions that have taken place in the trader or investor’s account over a specified period of time. This includes information such […]
What is Weekly Statement and how to read it?
What is a Weekly Statement? A weekly statement is a document that is issued by broker to traders and investors on a weekly basis. It contains information about all of the transactions that have taken place in the trader or investor’s account during the previous week. This information includes the […]
What is Retention Statement and how to read it?
What is a retention statement? A retention statement is a document that is sent to a client by their broker. It lists the funds that the broker has retained from the client’s trading account, and the reason for the retention. Why do brokers retain funds? Brokers retain funds from their […]
What is Monthly Ledger Statement and how to read it?
What is a monthly ledger statement? A monthly ledger statement is a document that is sent to a trader or investor by their broker at the end of each month. It lists all of the transactions that have taken place in the trader or investor’s trading account during the month, […]
What is Annual Global Transaction Statement and how to read it?
In the realm of personal finance and investments, it is essential to keep track of one’s financial activities, and maintain a clear overview of transactions made throughout the year. The Annual Global Transaction Statement (AGTS) report emerges as a valuable tool in achieving these goals. The AGTS report is a […]
Easy & quick