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Q For whom is this facility available?AThis facility is available only for online trading customers
QWhat is BNST?A
Kotak Securities has introduced a new service of BNST i.e. Buy Now Sell Tomorrow where you will be allowed to sell your entire BUY quantity but the responsibility of any short fall in delivery will be yours as it is not guaranteed by Kotak Securities.
E.g. for BNST: Suppose you have bought 100 shares of EIH on T Day. The settlement day for this buy transaction is T+2 Day. You can sell these 100 shares of EIH under BNST either on T+1 Day or on T+2 Day.
QWhat is the maximum number of shares that I can sell under BNST?A
You can sell 100% of the shares bought by you in the previous settlements till the payout date of the buying settlement in BNST.
E.g. suppose you have bought 100 shares of ACC on T Day. The settlement day for this buy transaction is T+2 Day. You can sell these 100 shares of ACC under BNST either on T+1 Day or on T+2 Day.
QWhat is the brokerage that would be charged?A
The brokerage would be charged as per normal delivery brokerage on either side of the transaction.
QIs there any extra charge for BNST transactions?A
No, BNST is a service available to all customers at no additional charge apart from the normal brokerage.
QHow would the movement of shares transacted for BNST reflect in the Demat account?A
The shares that have been bought and subsequently sold under BNST would be first credited and then debited from your DEMAT ACCOUNT as per normal pay in and pay out. You would not be required to do anything different from your normal transaction.
QHow will the margin be calculated in a BNST transaction?A
While selling shares under BNST, no extra limit would be required or any margin would be blocked. You can sell the stocks purchased on the previous trading day by visiting the Sell from existing stock page. The immediate credit received against the sale of these stocks will differ from stock to stock. The BNST credit information on these stocks is available on the Sell from existing stock page itself. If you want to know BNST % credit in advance you can view under Customer Service Important Messages Multiple Change.
QCan I sell for BNST, in the exchange other than the one in which I have bought shares?A
No, you cannot sell BNST shares in another exchange and must sell them only in the exchange through which you have bought the shares.
E.g: If you have bought the shares in BSE you should sell the same in BSE by marking BNST and not in NSE. We adjust such sell transactions, but you will be liable for the Auction loss and other charges, if any.
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Why Demat Account?
- Mandatory by SEBI
- Easy Portfolio Management
- Security of Equity Investments.
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