Changes in the Bank account will reflect in both Demat and Trading account.

Ssl offers a facility to Client for registering multiple bank accounts in trading account for all investments in specified trading account.

The registered bank account will also be used to identify the pay-in proceeds. Hence, clients are advised to register their various bank accounts in advance using this facility and ensure that payments towards trade / margin obligation /securities purchase / payment of levies / charges are from register bank account only, to avoid fraudulent transaction and potential rejection due to mismatch of pay- bank details with the bank account registered in the trading account.

The client should be Sole/First holders of the bank account being registered. Client should not provide the bank account(s) of any other person to make payment transfer. Client (s) have to submit valid supporting documents for each bank account that they wish to map for making fund transfer in the trading account. These supporting documents should conclusively prove that the bank accounts provided pertains to the Sole/First holder.

Please verify the account using the penny drop facility. Incase the penny drop validation fails/is unavailable please enclose a cancelled cheque leaf for each of such banks accounts. This will help in verification of the account details and register them accurately. The application will be processed only for such accounts for which cancelled cheque leaf is provided. Accounts not matching with such cheque leaf thereof will not be registered.

If the bank account number on the cheque leaf is handwritten or client name is not printed on the face of the cheque such request will not be registered.

Bank account registration request will be accepted and processed only if all the details are correctly filled and the necessary documents are submitted. The request is liable to be rejected if any information is the missing or incorrectly filled or if there is deficiency in the documents submitted.

The facility will be activated in the trading account within approximately 10 calendar days from the receipt of duly completed and valid application form.

If any of the registered bank accounts are closed/ altered, please intimate the SSL in writing of such change with an instruction to delete/alter it from of our records.

Client shall take note that the designated bank account mentioned in account opening documents/ power of Attorney will be considered as "Default Bank Account".

All payout/credit/payment will be released/ processed into last updated "designated Bank Account" (Default) only.

Refund will be released in client's designated bank account (i.e. default bank account).

Notwithstanding the above, SSL shall not be held liable for any loss arising to the client due to the release of refund in default bank account or delay in releasing refund or any incorrect and/or incomplete information provided by the client