National Stock Exchange’s Warning To Investors Again

National Stock Exchange’s warning to investors again, be alert from these agents.

The country’s leading stock exchange NSE has reiterated its warning to investors. It asked investors to deal only with registered stockbrokers.

The advice came after unregistered entities recently came to the fore of luring gullible investors with false promises of exorbitant returns.

The National Stock Exchange (NSE) in a statement asked investors not to transfer funds or securities to stockbrokers under any surety or guaranteed deal agreement.

Deal only with SEBI registered stockbrokers.

NSE said investors are advised to deal only with SEBI registered stockbrokers and check the registration details of the said entity.

Do not give money to any other person for trading

The stock exchange cautioned investors not to transfer funds for trading purposes to any person other than SEBI registered stockbrokers, including associates of any broker.

NSE and BSE advisory

The National Stock Exchange (NSE) earlier this week also advised investors to avoid unregulated products such as contracts for difference and binary options offered by unregulated online trading platforms.

In a statement, the exchange had said that it has offered certain unregulated platforms and websites trading in certain unregulated derivative products called Contracts for Difference (CFDs) and Binary Options.

A similar advisory was also issued by BSE.

NSE in its note had said that investors who fall prey to the promises of exorbitant returns by these websites and platforms may end up losing huge money.

Therefore, investors are advised to avoid investing in unregulated products such as Contracts for Difference (CFDs) and binary options such as those offered by unregulated Internet-based trading platforms.

Canara Bank cuts interest rates on Fixed Deposits, know how much interest you will get now

Public sector bank Canara Bank earlier this month changed the interest rates on its fixed deposits (FDs) for various tenors.

The changed interest rates are effective from August 9, 2021. Canara Bank FDs are available for various tenors ranging from seven days to 10 years