Whom should I
contact for my Stock Market related transactions?
You can contact a broker or a sub broker registered
with SEBI for carrying out your transactions pertaining to the capital market.
Who is a
broker?
A broker is a member of a recognized stock exchange,
who is permitted to do trades on the screen-based trading system of different
stock exchanges. He is enrolled as a
member with the concerned exchange and is registered with SEBI.
Who is a sub broker?
A sub broker is a person who is registered with SEBI
as such and is affiliated to a member of a recognized stock exchange.
How do I know if the broker or sub broker is
registered?
You can confirm it by verifying the registration
certificate issued by SEBI. A broker's registration
number begins with the letters "INB" and that of a sub broker with
the letters “INS". For the brokers of derivatives segment, the
registration number begins with the letters “INF”. There is no sub-broker in
the derivatives segment.
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