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With an intention to make you aware of the process of trading and settlement of the
Stock Exchange, Depository, Stock Broker, and Depository participant, you are being
offered the TSPA, whereby up to Rs. 100/- worth of securities—listed on BSE/NSE will be
purchased on your behalf and added to your account. This stock is offered to you, free
of charge, and you will, hence, not be required to pay any charges to RKSV Securities
India Pvt. Ltd (Upstox).
The goal of TSPA is only to make you (our customer) aware of the various processes
involved in the stock market. It includes the following:
1. TSPA is valid for select clients only. Clients will be chosen at the sole discretion of
Upstox
2. Under TSPA, the security will be bought from BSE/NSE
3. Within 5 trading days of the purchase of security in your account under TSPA, you
will have to either to carry out transactions (purchase/sale) of any segment of
BSE/NSE or pay outstanding account opening fees (if applicable)
4. After you have executed the above (clause 3) as aforesaid, a credit equivalent
to the cost of purchase of security under TSPA will be credited into your account,
thus resulting in settling the debit balance in your account because of purchase
of shares under TSPA
5. If you fail to execute the transactions or fail to pay outstanding account opening
fees (if applicable) as per clause 3, Upstox will sell the securities purchased under
TSPA and recover the debit balance caused due to purchase under TSPA. Profit
on sale of shares purchased under TSPA, if any, will remain as a credit balance in
your account. Loss due to sale of security purchased under TSPA, if any, will be
borne by Upstox
6. The terms and conditions for TSPA are subject to change without any prior notice
7. TSPA cannot be clubbed or interchanged with any other offers without the prior
approval of Upstox
8. Through this document, you are hereby instructing Upstox to purchase securities
to an extent aforesaid and sell them back if the conditions of clause 5 are met
9. Upstox reserves the right to discontinue TSPA without prior notice
10. You accept that you do not have any legal right to enforce implementation of
obligations under TSPA on Upstox
Please accord your consent to avail TSPA or otherwise by signing the column below: