Zerodha portfolio counted in NRV- IDFC Bank?

[Chaitanya-a]

There is an option to link our Zerodha portfolio with IDFC Bank account. So is it counted as NRV or not?
Is linking to IDFC Safe? Coz what's IDFC getting in return with simply linking our account.

 

[v3.tuty]

Did anybody linked their zerodha account to idfc ? I was unable to link n when contacted, customer care informed to contact zerodha?

 

[pxg]

AFAIK, IDFC doesn't get access to any data apart from what you see in your bank statement. It's not their demat account also.

The only benefit of linking account is that you can instantly add any amount of money (haven't tested) by just logging in to Zerodha and clicking add funds. They do this by making you sign a POA on the bank account (i.e., Zerodha can withdraw money from your bank account any time on behalf of you). This is different from Zerodha's other POA which allows them to withdraw stock from your demat account at CDSL.

IDFC is my main account with all my credits (from professional work) since 2 years and they keep rejecting me for a CC. Maybe they DO have access to the data, because looking at my P&L statement for F&O will surely stop people from lending me money.

 

[pxg]

Yes but it's a platform for everyone. That person shouldn't post like that na

You should read the thread more carefully. You are asking for minimum NRV when people are 99.99% sure in the thread that Zerodha NRV doesn't count.

 

[akshayhs]

So basically it's Zero-duh? 😛😂😂

 

[PremFin]

You know that you can read posts made by other users before making comments like these, right?

If that person askin somthin thn Y r talkin in negetiv way?

 

[pxg]

I asked coz i got different informations from idfc branch. 3 branch heads told me different thing.

So why didn't you share that information from the branch heads on the thread then?

You need not to tell me that what i need to do. Don't be a compliance officer here.

And 2nd thing, whatever the case it is, you can ignore my comment as i didn't ask you either. Many times many people ask same thing again n again on the same post. Start doing vigilance there too.

This is an open forum on the internet, anybody can join the discussion thread and support any opinion.

If that is how you respond to any sort of criticism then good luck to you. I hope the year in your username is not referring to your age, because the responses above are just childish.