Can anyone tell me how to withdraw cash (profits ) from our CDS account? Still I haven't use this and need to know the procedure to follow.
Thanks...
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oshan07 likes this post
Who gave (-) for this? very unfair!! here is (+) from me.......Chinwi wrote:This is a small clarification.
You can't withdraw money from CDS account. CDS account is for depositing and trading shares. It is (like) a database of the shares we all have.
When you sell a share 'deposited' in CDS your broker gets the money for it to its bank account.
Normally they send a cheque to your address unless you have given instructions against it or you have to pay them for your purchases.
If you do the trading heavily then it is easier to block cheque writing for each selling and ask money from the broker when you need.
Chinwi wrote:This is a small clarification.
You can't withdraw money from CDS account. CDS account is for depositing and trading shares. It is (like) a database of the shares we all have.
When you sell a share 'deposited' in CDS your broker gets the money for it to its bank account.
Normally they send a cheque to your address unless you have given instructions against it or you have to pay them for your purchases.
If you do the trading heavily then it is easier to block cheque writing for each selling and ask money from the broker when you need.
wis wrote:I once gave a - when I was going to give a + because of the touch pad mishap. I had to find a post from the same person and give another + to nullify it.
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