paytm money
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Below article says paytm money is regulated by SEBI and stocks are safe in CDSL account
https://www.paytmmoney.com/blog/rbis-update-on-...
Now market is down, can't sell also
Please guide 🥺
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Still if you feel insecure, u can just open new account with other DP like IIFL, etc. and fill one transfer cum closure form. It will take care of transferring all your stocks to new demat for free. Holding pattern should be same.
Suggestion: Prefer NSDL depository.
CDSL is adapting to more modern features than NSDL
paytm money is also under scanner, link below
It is a normal inspection process which is carried out for all DP's. Journalist ko NISM depository module ka course karna chahiye.
What did you actually invest in? Stocks? Mutual funds? Paytm money is just a platform. Your stocks are in your demat account and Mutual funds are with the respective fund houses.
No need to worry.
Yes. Paytm money is just the platform. Even if Paytm Money gets affected. Your investments are safe. You can check your investments on mfcentral website as well.
Ur funds are lying with depositories i.e cdsl or ndsl, paytm is just showing that data, u can use kuvera and another app mfcentral to view that, so paytm money has nothing to do with ur mfs.
Thanks all... In mfcentral only MFs are showing but not the stocks
Still, if you wish, you can transfer everything very easily to a different broker.
Open a new demat account, get the CMR from them, give it to PayTM Money along with the closure request, and ask them to transfer everything to your new account.
Govt should give one chance, they cant let paytm bank fail
https://www.hindustantimes.com/business/paytm-c...
This action is not taken by the Government, It's from the regulator i.e. RBI.
The RBI has given enough time to them to be complaint, but in their arrogance they ignored it just like their customer support.
I also want them to survive, but these actions were necessary.
Best NSDL Broker as per Price? or any discount broker provide NSDL?
Angel One is providing NSDL?
Don't worry...Your investment is safe. Payments bank and Paytm Money are different entities.