Last year, an investor named Ramesh Sagar experienced something odd in his demat account where, due to a mistake by the broker Kotak Securities, an amount worth 11,677 crore rupees was deposited in his trading account. Out of this, he took a trade of 2 crore rupees and booked a profit of 5 lakhs out of it.

However, after about 8 hours, the bank withdrew all of his money. Imagine how devastating that must have been for the investor. But even worse, it can happen to you when the money kept in your trading account gets lost. That's why you should save this video now.

In India, more than 11 crore trading accounts have lakhs of crores of rupees lying around like this, which brokers use for their day-to-day operations.

Last year, the Securities and Exchange Board of India (SEBI) took action against stock brokers and instructed them to return any unused funds to the account holders' banks every 3 months.

But if the broker itself goes bankrupt, then to secure your trading account in such cases, the National Stock Exchange (NSE) provides coverage through the Investor Protection Fund, up to 25 lakh rupees, and the Bombay Stock Exchange (BSE) provides coverage up to 15 lakh rupees.

However, to claim this compensation for a period of 3 years, you need to apply, and don't forget to share this information with your stock market friends.

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