Regarding TSPA on Upstox

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Deal Newbie
TheRealElonMusk

Upstox had given me Rs100 ETF as per my KYC details for opening account and mention.

“Based on the consent provided during KYC, you are eligible for free Rs100 ETF as part of TSPA

What is TSPA used for? Will they charge me something for it? Is TSPA useful? Or should I withdraw my consent for TSPA?
Please enlighten me.

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The Trading and Settlement Process Aquiantance Scheme (TSPA). It is a scheme which makes an investor aware of the process of trading and settlement of the Stock Exchange, Depository, Stock Broker, Depository Participant, that an investor being offered TSPA, whereby upto Rs 100 worth of securities – listed on BSE/NSE will be purchased on behalf of the investor and added to his account

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Rahil42 wrote:

The Trading and Settlement Process Aquiantance Scheme (TSPA). It is a scheme which makes an investor aware of the process of trading and settlement of the Stock Exchange, Depository, Stock Broker, Depository Participant, that an investor being offered TSPA, whereby upto Rs 100 worth of securities – listed on BSE/NSE will be purchased on behalf of the investor and added to his account

Does it have any charge that I need to pay? Is it useful or should I withdraw my consent?

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