info@peerlesssec.com+91 33 4050 2700

Investor Charter

Peerless Securities Limited is a Company registered under the provisions of the Companies Act, 1956 with limited liabilities, having its registered office at "Peerless Mansion" 2nd Floor, 1 Chowringhee Square, Kolkata 700069 and registered with Securities and Exchange Board of India as a Stock Broker and Depository Participant, thus a Securities Market Intermediary as per the various provisions enshrined in the relevant Acts of SEBI.

             

PSL Initiatives - Client Servicing & Grievance Redressal

At Peerless Securities Limited, we believe in offering the very best of products and ensuring high service standards. As part of this endeavour, we believe that investors should be able to contact us to offer comments on our products / services and also to address their grievances, if any. We earnestly value an investor’s feedback as it helps us review our present standards and improve upon them at every possible opportunity. The following are the various avenues for an investor to contact / write to us, depending on their convenience.
In order to facilitate investor awareness about various activities which an investor deals with such as opening of account, KYC and in person verification, complaint resolution, issuance of contract notes and various statements, process for dematerialization/rematerialization etc., PSL has prepared an Investor Charter detailing the services provided to Investors, Rights of Investors, various activities of PSL with timelines, DOs and DON’Ts for Investors and Grievance Redressal Mechanism.

Vision Statement

To drive trust, profitable growth, and pride of belonging, for delivering sustainable stakeholder value.

Mission Statement

To deliver value-added, technology driven services to the client while ensuring ethical and transparent business practices.

Services Provided To Investors

  •  Execution of trades on behalf of investors.
  •  Issuance of Contract Notes.
  •  Issuance of intimations regarding margin due payments.
  •  Facilitate execution of early pay-in obligation instructions.
  •  Settlement of client’s funds.
  •  Intimation of securities held in Client Unpaid Securities Account (CUSA) Account.
  •  Issuance of retention statement of funds.
  •  Risk management systems to mitigate operational and market risk.
  •  Facilitate client profile changes in the system as instructed by the client.
  •  Information sharing with the client w.r.t. exchange circulars.
  •  Redressal of Investor’s grievances.

Rights Of Investors

  •  Ask for and receive information from a firm about the work history and background of the person handling your account, as well as information about the firm.
  •  Receive complete information about the risks, obligations, and costs of any investment before investing.
  •  Receive recommendations consistent with your financial needs and investment objectives.
  •  Receive a copy of all completed account forms and agreements.
  •  Receive account statements that are accurate and understandable.
  •  Understand the terms and conditions of transactions you undertake
  •  Access your funds in a timely manner and receive information about any restrictions or limitations on access.
  •  Receive complete information about maintenance or service charges, transaction or redemption fees, and penalties.
  •  Discuss your grievances with compliance officer of the firm and receive prompt attention to and fair consideration of your concerns.

Various Activities With Timelines
Sr. No. Activities/ Services provided by PSL Expected Timelines
1 KYC entered into KRA System and CKYCR 10 days of account opening
2 Client Onboarding Immediate, but not later than one week
3 Order execution Immediate on receipt of order, but not later than the same day
4 Allocation of Unique Client Code Before trading
5 Copy of duly completed Client Registration Documents to clients 7 days from the date of upload of Unique Client Code to the Exchange by the trading member
6 Issuance of contract notes 24 hours of execution of trades
7 Collection of upfront margin from Client Before initiation of trade
8 Issuance of intimations regarding other margin due payments At the end of the T day
9 Settlement of client funds 30 days / 90 days for running account settlement (RAS) as per the preference of client. If consent not given for RAS – within 24 hours of pay-out
10 ‘Statement of Accounts’ for Funds, Securities and Commodities Weekly basis (Within four trading days of following week)
11 Issuance of retention statement of funds/commodities 5 days from the date of settlement
12 Issuance of Annual Global Statement 30 days from the end of the financial year
13 Investor grievances redressal 30 days from the receipt of the complaint
DOs And DON’Ts For Investors on Activities Provided
DOs DON’Ts
Read all documents and conditions being agreed before signing the account opening Do not deal with unregistered stockbroker.
Receive a copy of KYC, copy of account opening documents and Unique Client Code. Do not forget to strike off blanks in your account opening and KYC.
Read the product / operational framework / timelines related to various Trading and Clearing & Settlement processes. Do not submit an incomplete account opening and KYC form.
Receive all information about brokerage, fees and other charges levied. Do not forget to inform any change in information linked to trading account and obtain confirmation of updation in the system.
Register your mobile number and email ID in your trading, demat and bank accounts to get regular alerts on your transactions. Do not transfer funds, for the purposes of trading to anyone other than a stock broker. No payment should be made in name of employee of stock broker.
If executed, receive a copy of Power of Attorney. However, Power of Attorney is not a mandatory requirement as per SEBI / Stock Exchanges. Before granting Power of Attorney, carefully examine the scope and implications of powers being granted. Do not ignore any emails / SMSs received with regards to trades done, from the Stock Exchange and raise a concern, if discrepancy is observed.
Receive contract notes for trades executed, showing transaction price, brokerage, GST and STT etc. as applicable, separately, within 24 hours of execution of trades. Do not opt for digital contracts, if not familiar with computers.
Receive funds and securities / commodities on time within 24 hours from pay-out. Do not share trading password.
Verify details of trades, contract notes and statement of account and approach relevant authority for any discrepancies. Verify trade details on the Exchange websites from the trade verification facility provided by the Exchanges. Do not fall prey to fixed / guaranteed returns schemes.
Receive statement of accounts periodically. If opted for running account settlement, account has to be settled by the stock broker as per the option given by the client (30 or 90days). Do not fall prey to fraudsters sending emails and SMSs luring to trade in stocks / securities promising huge profits.
In case of any grievances, approach stock broker or Stock Exchange or SEBI for getting the same resolved within prescribed timelines. Do not follow herd mentality for investments. Seek expert and professional advice for your investments.
Timelines For Complaint Resolution Process At Stock Exchanges Against PSL
Sr.No. Type of Activity Timelines for activity
1 Receipt of Complaint Day of complaint (C Day).
2 Additional information sought from the investor, if any, and provisionally forwarded to stock broker. C + 7 Working days.
3 Registration of the complaint and forwarding to the stock broker. C+8 Working Days i.e. T day.
4 Amicable Resolution. T+15 Working Days.
5 Refer to Grievance Redressal Committee (GRC), in case of no amicable resolution. T+16 Working Days.
6 Complete resolution process post GRC. T + 30 Working Days.
7 In case where the GRC Member requires additional information, GRC order shall be completed within. T + 45 Working Days.
8 Implementation of GRC Order. On receipt of GRC Order, if the order is in favour of the investor, debit the funds of the stock broker. Order for debit is issued immediately or as per the directions given in GRC order.
9 In case the stock broker is aggrieved by the GRC order, will provide intention to avail arbitration Within 7 days from receipt of order
10 If intention from stock broker is received and the GRC order amount is upto Rs.20 lakhs Investor is eligible for interim relief from Investor Protection Fund (IPF). The interim relief will be 50% of the GRC order amount or Rs.2 lakhs whichever is less. The same shall be provided after obtaining an Undertaking from the investor.
11 Stock Broker shall file for arbitration Within 6 months from the date of GRC recommendation
12 In case the stock broker does not file for arbitration within 6 months The GRC order amount shall be released to the investor after adjusting the amount released as interim relief, if any

Vision Statement

To drive trust, profitable growth, and pride of belonging, for delivering sustainable stakeholder value.

Mission Statement

To deliver value-added, technology driven services to the client while ensuring ethical and transparent business practices.

Details Of Business Transacted By The Depository And PSL As A Depository Participant (DP)

A Depository is an organization which holds securities of investors in electronic form. Depositories provide services to various market participants - Exchanges, Clearing Corporations, Depository Participants (DPs), Issuers and Investors in both primary as well as secondary markets. The depository carries out its activities through its agents which are known as Depository Participants (DP). Details available in the link https://nsdl.co.in/dpsch.php OR https://www.cdslindia.com/DP/dplist.aspx

Services Provided By The Depository Through PSL As A Depository Participant To Investors

(1) Basic Services:

Sr. No. Brief about the Activity / Service provided by SMIFS Expected Timelines for processing by the DP after receipt of proper documents
1 Dematerialization of securities 7 days
2 Rematerialization of securities 7 days
3 Mutual Fund Conversion / Destatementization 5 days
4 Re-conversion / Restatementisation of Mutual fund units 7 days
5 Transmission of securities 7 days
6 Registering pledge request 15 days
7 Closure of demat account 30 days
8 Settlement Instruction Depositories to accept physical DIS for pay-in of securities upto 4 p.m. and DIS in electronic form upto 6 p.m. on T+1 day

(2) Depositories provide special services like pledge, hypothecation, internet based services etc. in addition to their core services and these include:

Sr. No. Type of Activity /Service Brief about the Activity / Service
1 Value Added Services Depositories also provide value added services such as
  • a.Basic Services Demat Account (BSDA)
  • b.Transposition cum dematerialization
  • c.Linkages with Clearing System
  • d.Distribution of cash and non-cash corporate benefits.
2 Consolidated Account statement (CAS) CAS is issued 10 days from the end of the month (if there were transactions in the previous month) or half yearly (if no transactions).
3 Digitalization of services provided by the depositories Depositories offer below technology solutions and e-facilities to their demat account holders through DPs:
  • a.E-account opening
  • b.Online instructions for execution
  • c.e-DIS / Demat Gateway
  • d.e-CAS facility
  • e.Miscellaneous services
Details of Grievance Redressal Mechanism

The Process of Investor Grievance Redressal is as follows:

1 Investor Complaint/ Grievances Investor can lodge complaint/ grievance against the Depository/DP in the following ways: The complaints/ grievances lodged directly with the Depository shall be resolved within 30 days.
2 Investor Grievance Redressal Committee of Depository If no amicable resolution is arrived, then the Investor has the option to refer the complaint/ grievance to the Grievance Redressal Committee (GRC) of the Depository. Upon receipt of reference, the GRC will endeavor to resolve the complaint/ grievance by hearing the parties, and examining the necessary information and documents.
3 Arbitration proceedings The Investor may also avail the arbitration mechanism set out in the Byelaws and Business Rules/Operating Instructions of the Depository in relation to any grievance, or dispute relating to depository services. The arbitration reference shall be concluded by way of issue of an arbitral award within 4 months from the date of appointment of arbitrator(s).
Guidance pertaining to special circumstances related to market activities: Termination of the Depository Participant
Sr. No. Type of special circumstances Timelines for the Activity/ Service
1
  • Depositories to terminate the participation in case a participant no longer meets the eligibility criteria and/or any other grounds as mentioned in the bye laws like suspension of trading member by the Stock Exchanges.
  • Participant surrenders the participation by its own wish.
 Client will have a right to transfer all its securities to any other Participant of its choice without any charges for the transfer within 30 days from the date of intimation by way of letter/email.
DOs and DON’Ts for Investors of PSL
SI No. Guidance
1 Always deal with a SEBI registered Depository Participant for opening a demat account.
2 Read all the documents carefully before signing them.
3 Before granting Power of attorney to operate your demat account to an intermediary like Stock Broker, Portfolio Management Services (PMS) etc., carefully examine the scope and implications of powers being granted.
4 Always make payments to registered intermediary using banking channels. No payment should be made in name of employee of intermediary.
5 Accept the Delivery Instruction Slip (DIS) book from your DP only (pre-printed with a serial number along with your Client ID) and keep it in safe custody and do not sign or issue blank or partially filled DIS slips.
Always mention the details like ISIN, number of securities accurately. In case of any queries, please contact your DP or broker and it should be signed by all demat account holders.
Strike out any blank space on the slip and Cancellations or corrections on the DIS should be initialed or signed by all the account holder(s).
Do not leave your instruction slip book with anyone else.
Do not sign blank DIS as it is equivalent to a bearer cheque.
6 Inform any change in your Personal Information (for example address or Bank Account details, email ID, Mobile number) linked to your demat account in the prescribed format and obtain confirmation of updation in system
7 Mention your Mobile Number and email ID in account opening form to receive SMS alerts and regular updates directly from depository.
8 Always ensure that the mobile number and email ID linked to your demat account are the same as provided at the time of account opening/updation.
9 Do not share password of your online trading and demat account with anyone.
10 Do not share One Time Password (OTP) received from banks, brokers, etc. These are meant to be used by you only.
11 Do not share login credentials of e-facilities provided by the depositories such as e-DIS/demat gateway, SPEED-e/easiest etc. with anyone else.
12 Demat is mandatory for any transfer of securities of Listed public limited companies with few exceptions.
13 If you have any grievance in respect of your demat account, please write to designated email IDs of depositories or you may lodge the same with SEBI online at https://scores.gov.in/scores/Welcome.html
14 Keep a record of documents signed, DIS issued and account statements received.
15 As Investors you are required to verify the transaction statement carefully for all debits and credits in your account. In case of any unauthorized debit or credit, inform the DP or your respective Depository.
16 Appoint a nominee to facilitate your heirs in obtaining the securities in your demat account, on completion of the necessary procedures.
17 Register for Depository's internet based facility or download mobile app of the depository to monitor your holdings.
18 Ensure that, both, your holding and transaction statements are received periodically as instructed to your DP. You are entitled to receive a transaction statement every month if you have any transactions.
19 Do not follow herd mentality for investments. Seek expert and professional advice for your investments.
20 Beware of assured/fixed returns.
Rights of Investors of PSL
  •  Receive a copy of KYC, copy of account opening documents.
  •  No minimum balance is required to be maintained in a demat account.
  •  No charges are payable for opening of demat accounts.
  •  If executed, receive a copy of Power of Attorney. However, Power of Attorney is not a mandatory requirement as per SEBI / Stock Exchanges. You have the right to revoke any authorization given at any time.
  •  You can open more than one demat account in the same name with single DP/ multiple DPs.
  •  Receive statement of accounts periodically. In case of any discrepancies in statements, take up the same with the DP immediately. If the DP does not respond, take up the matter with the Depositories.
  •  Pledge and /or any other interest or encumbrance can be created on demat holdings.
  •  Right to give standing instructions with regard to the crediting of securities in demat account.
  •  Investor can exercise its right to freeze/defreeze his/her demat account or specific securities / specific quantity of securities in the account, maintained with the DP.
  •  In case of any grievances, Investor has right to approach Participant or Depository or SEBI for getting the same resolved within prescribed timelines.
  •  Every eligible investor shareholder has a right to cast its vote on various resolutions proposed by the companies for which Depositories have developed an internet based ‘e-Voting’ platform.
  •  Receive information about charges and fees. Any charges/tariff agreed upon shall not increase unless a notice in writing of not less than thirty days is given to the Investor.
Responsibilities of Investors of PSL
  •  Deal with a SEBI registered DP for opening demat account, KYC and Depository activities.
  •  Provide complete documents for account opening and KYC (Know Your Client). Fill all the required details in Account Opening Form / KYC form in own handwriting and cancel out the blanks.
  •  Read all documents and conditions being agreed before signing the account opening form.
  •  Accept the Delivery Instruction Slip (DIS) book from DP only (preprinted with a serial number along with client ID) and keep it in safe custody and do not sign or issue blank or partially filled DIS.
  •  Always mention the details like ISIN, number of securities accurately.
  •  Inform any change in information linked to demat account and obtain confirmation of updation in the system.
  •  Regularly verify balances and demat statement and reconcile with trades / transactions.
  •  Appoint nominee(s) to facilitate heirs in obtaining the securities in their demat account.
  •  Do not fall prey to fraudsters sending emails and SMSs luring to trade in stocks / securities promising huge profits.

Vision Statement

To drive trust, profitable growth, and pride of belonging, for delivering sustainable stakeholder value.

Mission Statement

To deliver value-added, technology driven services to the client while ensuring ethical and transparent business practices.

Details of business transacted by the Research Analyst with respect to the investors of PSL
  •  To publish research report based on the research activities of the RA.
  •  To provide an independent unbiased view on securities.
  •  To offer unbiased recommendation, disclosing the financial interests in recommended securities.
  •  To provide research recommendation, based on analysis of publicly available information and known observations.
  •  To conduct audit annually.
Details of services provided to investors of PSL (No Indicative Timelines)
  •  Onboarding of Clients.
  •  Disclosure to Clients
    • To distribute research reports and recommendations to the clients without discrimination.
  •  To maintain confidentiality w.r.t publication of the research report until made available in the public domain.
Responsibilities of Investors of PSL (DOs & DON’Ts)
    DO’s
    •  Always deal with SEBI registered Research Analyst.
    •  Ensure that the Research Analyst has a valid registration certificate.
    •  Check for SEBI registration number.
    •   Please refer to the list of all SEBI registered Research Analysts which is available on SEBI website in the following link:
      (https://www.sebi.gov.in/sebiweb/other/OtherAction.do?doRecognisedFpi=yes&intmId=14)
    •   Always pay attention towards disclosures made in the research reports before investing.
    •   Pay your Research Analyst through banking channels only and maintain duly signed receipts mentioning the details of your payments.
    •   Before buying securities or applying in public offer, check for the research recommendation provided by your research Analyst.
    •   Ask all relevant questions and clear your doubts with your Research Analyst before acting on the recommendation.
    •   Inform SEBI about Research Analyst offering assured or guaranteed returns.
  • DON’Ts
    •  Do not provide funds for investment to the Research Analyst.
    •  Don’t fall prey to luring advertisements or market rumours.
    •  Do not get attracted to limited period discount or other incentive, gifts, etc. offered by Research Analyst.
    •  Do not share login credentials and password of your trading and demat accounts with the Research Analyst.
Investor Complaints Data
Data for the Month of June 2024:
SL Received From Carried forward from previous Month Received during the Month Total Pending Resolved Pending at the end of the Month Average Resolution on time (in Days)
1 Directly from Investor  NIL  NIL  NIL  NIL  NIL  NIL
A Stock Broker  NIL  NIL  NIL  NIL  NIL  NIL
B Depository Participant  NIL  NIL  NIL  NIL  NIL  NIL
C Research Analyst  NIL  NIL  NIL  NIL  NIL  NIL
2 SEBI (SCORES)  NIL  1  1  NIL  NIL  1
3 Stock Exchange 2 0 2 0 2 2
4 Depository  NIL  NIL  NIL  NIL  NIL  NIL
5 Other Sources (if any)  NIL  NIL  NIL  NIL  NIL  NIL
Grand Total 2 1 3 0 3 NIL
Trend of Monthly Disposal of Complaints:
SL Month Carried forward from Previous Month Received Resolved Pending
01. June 2023  2  1  0  1
02. July 2023  0  0  0  1
03. Aug 2023  0  0  0  1
04. Sep 2023  0  0  0  1
05. Oct 2023  0  0  0  1
06. Nov 2023  0  0  0  1
07. Dec 2023  0  0  0  1
08. Jan 2024  1  1  0  2
09. Feb 2024  2  0  0  2
10. Mar 2024  2  0  0  2
11. Apr 2024  2  0  0  2
12. May 2024  2  1  0  3
Trend of Annual Disposal of Complaints:
SL Year Carried forward from Previous Year Received during the Year Resolved during the Year Pending at the end of the Year
1 2017-2018 2 9 7 4
2 2018-2019 4 6 5 5
3 2019-2020 5 2 3 4
4 2020-2021 4 3 3 4
5 2021-2022 4 2 4 2
6 2022-2023 2 7 7 2
7 2023-2024 2 2 0 4

Escalation Matrix

We are listening! Your concerns are most important to us. To ensure your grievance has been properly looked after, we have created a 4 tier query resolution and grievance redressal procedure.

Details Name E-mail Tel No. Working Hours Address
Customer Care Mr. Dipangshu Biswas pslrelations@peerlesssec.com 033 4050 2723 9:00 am to 5:00 pm (Mon to Sat *) 1 Chowringhee square, 2nd Floor, Kolkata-69
Head of Customer Care Mr. Mrinal Basak mrinal.basak@peerlesssec.com 033 4050 2726 9:00 am to 5:00 pm (Mon to Sat *) 1 Chowringhee square, 2nd Floor, Kolkata-69
Compliance Officer Mr. Santanu Roy compliance@peerlesssec.com 033 4050 2712 9:00 am to 5:00 pm (Mon to Sat *) 1 Chowringhee square, 2nd Floor, Kolkata-69
Wholetime Director Mr. Kanchan Chaudhuri kanchan.chaudhari@peerlesssec.com 033 4050 2734 9:00 am to 5:00 pm (Mon to Sat *) 1 Chowringhee square, 2nd Floor, Kolkata-69

* Saturday timings: 10:30 am - 3:30 pm on all Saturdays except 3rd Saturday.
In absence of response/complaint not addressed to your satisfaction, you may lodge a complaint with SEBI at https://scores.gov.in/scores/Welcome.html or respective Exchanges at BSE https://bsecrs.bseindia.com/ecomplaint/frmInvestorHome.aspx, NSE: https://investorhelpline.nseindia.com/NICEPLUS MCX: https://www.mcxindia.com/Investor-Services/grievances/register-e-complaint. Please quote complaint Ref No. while raising your complaint at SEBI SCORES / Exchange portal.

Grievance Redressal Mechanism

Level 1 – If an investor’s communication was a complaint and they are not satisfied with the Head of Customer Care they may write to the Compliance Officer – Mr. Santanu Roy, at compliance@perlesssec.com

Level 2 – If an investor is still not satisfied with the resolution that they may have received from Compliance Officer they may write to the Wholetime Director – Mr. Kanchan Chaudhuri at the designated Investor Grievance E-mail Id – kanchan.chaudhuri@peerlesssec.com

PSL will strive to redress the grievance immediately, but not later than 30 days of the receipt of the grievance.

Level 3 – Approach the Stock Exchange using the grievance mechanism mentioned at the website of the respective exchange. Complaints Resolution Process at Stock Exchange explained graphically:

Contact Details of the concerned Stock Exchange(s) / Depository(s):
Exchange Web Address Contact No Email-id
BSE https://bseindia.com (91 22) 2272 8517/8097 dis@bseindia.com
NSE https://nseindia.com (91 22) 2659 8190/91/1800 266 058 ignse@nse.co.in
MCX https://mcxindia.com (91 22) 6649 4070 grievance@mcxindia.com
Depository Web Address Contact No Email-id
NSDL https://nsdl.co.in (91 22) 2499 4200 relations@nsdl.co.in
Filing Complaints On SCORES - Easy & Quick

Investors can expedite Grievance Resolution by registering their Complaints with SEBI at https://scores.gov.in or they may also write to any of the offices of SEBI. For any queries, feedback or assistance, please contact SEBI Office on Toll Free Helpline at 1800 22 7575 / 1800 266 7575.

  •  Register on SCORES portal
  •  Mandatory details for filing complaints on SCORES:
    • Name, PAN, Address, Mobile Number, Email ID
  •  Benefits
    • Effective communication
    • Speedy redressal of the grievances
Grievance Redressal Through SEBI
Address of SEBI Office Contact Person : Telephone Nos. Contact E-mail ID
SEBI - Head Office : Sebi Bhavan, Plot No.
C4-4, “G” Block, Bandra Kurla Complex, Bandra East, Mumbai - 400 051 		Deputy General Manager (DGM)
(91 22) 2644 9000/4045 9000 		iggc@sebi.gov.in
sebi@sebi.gov.in
SEBI - Northern Regional Office : 5th Floor, Bank of Baroda Building,
16, Sansad Marg, New Delhi - 110 001 		Deputy General Manager (DGM)
(91 11) 2372 4001-05 		sebinro@sebi.gov.in
SEBI - Eastern Regional Office : L&T Chambers, 3rd Floor,
16, Camac Street, Kolkata - 700 016 		Deputy General Manager (DGM)
(91 33) 2302 3000 		sebiero@sebi.gov.in
SEBI - Southern Regional Office : 7th Floor, 756-L,
Anna Salai Chennai - 600 002, Tamil Nadu 		Deputy General Manager (DGM)
(91 44) 2888 0222 / 2852 6686 		sebisro@sebi.gov.in
SEBI - Western Regional Office : SEBI Bhavan,Panchvati,
1st Lane Gulbai Tekra Road, Ahmedabad - 380 006, Gujarat 		Deputy General Manager (DGM)
(91 79) 2658 3633-35 		sebiwro@sebi.gov.in
Investor Charter of Stock Exchange & Depository
Investor Charter | NSDL View Details
Investor Charter | NSE View Details
Investor Charter | BSE View Details
Investor Charter | SEBI View Details

SL Date Day Description
1 26-Jan-2024 Friday Republic Day
2 08-Mar-2024 Friday Mahashivratri
3 25-Mar-2024 Monday Holi
4 29-Mar-2024 Tuesday Good Friday
5 11-Apr-2024 Friday Id-Ul-Fitr (Ramadan Eid)
6 17-Apr-2024 Wednesday Shri Ram Navmi
7 01-May-2024 Wednesday May Day
8 20-May-2024 Monday Loksava Election at Mumbai
9 17-Jun-2024 Monday Bakri Eid
10 17-Jul-2024 Wednesday Moharram
11 15-Aug-2024 Thursday Independence Day
12 02-Oct-2024 Wednesday Mahatma Gandhi Jayanti
13 01-Nov-2024 Friday Diwali Laxmi Puja
15 15-Nov-2024 Friday Gurunanak Jayanti
16 25-Dec-2024 Wednesday Christmas
The holidays falling on Saturday / Sunday are as follows:
SL Date Day Description
1 18-Feb-2023 Saturday Mahashivratri
2 22-Apr-2023 Saturday Eid-Ul-Fitr (Ramzan EiD)
3 29-Jul-2023 Saturday Moharram
4 12-Nov-2023 Sunday Diwali-Laxmi Pujan*
*Muhurat Trading will be conducted. Timings of Muhurat Trading shall be notified subsequently.

Market Timings:
Trading on the equities segment takes place on all days of the week (except Saturdays and Sundays and holidays declared by the Exchange in advance). The market timings of the equities segment are:
  • A) Pre-open session
  •  Order entry & modification Open: 09:00 hrs
  •  Order entry & modification Close: 09:08 hrs*
  •  *with random closure in last one minute. Pre-open order matching starts immediately after close of pre-open order entry.
  • B) Regular trading session
  •  Normal / Limited Physical Market Open: 09:15 hrs
  •  Normal / Limited Physical Market Close: 15:30 hrs
  • C) Closing Session
  •  The Closing Session is held between 15.40 hrs and 16.00 hrs
  • D) Block Deal Session Timings:
  •  Morning Window: This window shall operate between 08:45 AM to 09:00 AM.
  •  Afternoon Window: This window shall operate between 02:05 PM to 2:20 PM.

  • Note:
  • The Exchange may, however, close the market on days other than the above schedule holidays or may open the market on days originally declared as holidays. The Exchange may also extend, advance or reduce trading hours when its deems fit and necessary.

SL Date Day Description Morning Session Evening Session*
1 26-Jan-2023 Thursday Republic Day Closed Closed
2 26-Jan-2023 Thursday Republic Day Closed Closed
3 30-Mar-2023 Thursday Ram Navami Closed Closed
4 04-Apr-2023 Tuesday Mahavir Jayanti Closed Open
5 07-Apr-2023 Friday Good Friday Closed Closed
6 14-Apr-2023 Friday Dr.Baba Saheb Ambedkar Jayanti Closed Closed
7 01-May-2023 Monday May Day Closed Closed
8 28-June-2023 Wednesday Bakri Eid Closed Open
9 28-June-2023 Tuesday Independence Day Closed Closed
10 19-Sep-2023 Tuesday Ganesh Chaturthi Closed Open
11 02-Oct-2023 Tuesday Mahatma Gandhi Jayanti Closed Closed
12 24-Oct-2023 Tuesday Dussehra Closed Open
13 14-Nov-2023 Tuesday Diwali-Balipratipada Closed Open
14 27-Nov-2023 Monday Gurunanak Jayanti Closed Open
15 25-Dec-2023 Monday Christmas Closed Closed
  • A) Morning session
  •  Order entry & modification Time: 10 a.m. to 5:00 p.m
  • B) Evening session
  •  Order entry & modification Time: 5:00 p.m. to 11:30 pm / 11:55 pm*
  • * 5:00 pm to 9:00 pm / 9:30 pm for Agricultural Products with International Connections..
  • ** Times for Muhurat trading will be communicated by the exchange in the future..
Name of Bank Account Bank Account Number Bank Name Branch IFSC Code
Peerless Securities Limited - NSE Currency Derv. Client Account 00080340031046 HDFC BANK LTD Stephen House HDFC0000008
Peerless Securities Limited - Client Account 00080340003020 HDFC BANK LTD Stephen House HDFC0000008
Peerless Securities Limited - MCX Client 57500000505176 HDFC BANK LTD Stephen House HDFC0000008
Peerless Securities Limited - MTF Client 57500000125537 HDFC BANK LTD Stephen House HDFC0000008
Peerless Securities Limited - Client Account 084010200016409 AXIS BANK Shyambazar UTIB0000084
Peerless Securities Limited - BSE Client Account 00080340057772 HDFC BANK LTD Stephen House HDFC0000008
Peerless Securities Limited - Derivative Client A/c. 00080340004991 HDFC BANK LTD Stephen House HDFC0000008
Peerless Securities Limited - NSE MFSS Account 00990610012344 HDFC BANK LTD Fort Branch HDFC0000099
Peerless Securities Limited - Client Account 31059007098 STATE BANK OF INDIA SIB Branch Smriddhi Bhawan SBIN0014524
Peerless Securities Limited - BSE CD Client Account 00080340058992 HDFC BANK LTD Stephen House HDFC0000008
Peerless Securities Limited - Client Account 000605007039 ICICI BANK R. N. Mukherjee Road ICIC0000006
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