How Do I verify The Trades I Have taken at the Exchange
How Do I Verify the Trades I’ve Taken on the Exchange?
- Are you an investor in the booming Indian investment market? With the growing popularity of investing, making well-informed decisions has become even more crucial.
- The market keeps bubbling with rumours and articles that significantly affect the prices and volume of securities.
- Therefore, verifying the accuracy of these claims becomes essential to making suitable investment choices.
- If you're confused about verifying the trades you've taken at the exchange, this article is for you.
- It will provide step-by-step guidance to verify your trades and gain confidence in your investment decisions.
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How Do I Verify My Trades on the BSE?
The Bombay Stock Exchange (BSE) has introduced the 'trade check' system as part of its commitment to a transparent marketplace. This unique facility allows investors to verify their recent transactions on the BSE website independently.
Please follow these steps to verify trades on the BSE:
1. Access the trade check system.
Visit the BSE website and locate the 'trade check' section specifically designed for trade verification in the 'investor' segment.
2. Enter your trade details.
Enter the required trade data, including the trade date, security code, client code, and either the order number or trade number provided in your contract note.
3. Obtain the verification result.
Once you have entered accurate information, the system will generate the verification result for your trades. This result will confirm whether the trades match the details mentioned in your contract note.
4. Request an email confirmation (optional).
You can email the verification result for future reference or record-keeping purposes.
5. Information availability
The trade check system retains trade information for the preceding five trading days. Therefore, you can verify trades conducted within this timeframe. It's recommended to check your trades promptly after execution to ensure timely verification.
How Do I Verify the Trades at the NSE?
The National Stock Exchange (NSE) of India offers a user-friendly trade verification module that allows investors to validate their executed transactions.
Please follow these steps to verify trades on the NSE:
1. Sign up at the NSE India trade verification module.
Visit the official NSE website and sign up for the trade verification module. You need to fill out the registration form with the required information.
2. Enter the client code and member's name.
Once registered, provide your client code, which is assigned when you open a trading account. Further, enter the member's name, which is the name of your stockbroker.
3. Access your transaction details.
The NSE, in compliance with SEBI guidelines, sends transaction details to non-proprietary and non-institutional investors via SMS and email at the end of the trading day. Ensure that your stockbroker has registered your mobile number and email address on the NSE's UCI online system.
4. Check the contract notes.
If you have received a contract note from your stockbroker, you can verify the executed transactions on the NSE website. Access the NSE portal for the equities, futures, and options markets. Look for the option to check transactions and enter the relevant details.
5. Review recent transactions.
The NSE website allows you to review the last 10 days of transactions. Verify whether the deals have been executed on the exchange, ensuring alignment with the information provided in your contract note.
Conclusion
- To sum up, you can confirm that your trades have been executed correctly by following the step-by-step processes given in this article for both the BSE and NSE exchanges.
- Verifying your trades on the stock exchange is essential to ensuring the accuracy and integrity of your transactions.
- Moreover, regularly verifying your trades can provide peace of mind and empower you to take control of your investment journey.
- If you have any concerns, you must reach out to your broker.
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