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India's leading,
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Years institutional broking


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Awards Won
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Institutional clients investing in the Indian financial markets
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    I would like to discuss:

    Mumbai [HQ]
    • 1101, 1103, 1104, Hallmark Business Plaza, 11th Floor, Sant Dnyaneshwar Marg, Near Guru Nanak Hospital, Bandra East, Mumbai – 400 051

    • 022-40317000

    • 1st Floor, No. 25, Bagavantham Street,
      Opp to Tirumala Tirupathi Devasthanam,
      T. Nagar, Chennai – 600 017

    • 044-65474400 / 42550452

    • 3rd Floor, Union Bank of India Bldg., Opp. BSE, Dalal Street, Fort, Mumbai - 400 001

    • 022-43601600

    • Unit #303, 2nd Floor, Prestige Meridian-2, MG Road, Bangalore -560001.

    • 080-41267884

    • 7, Lyons Range, 3rd Floor, Room No. 3 & 4,Kolkata - 700001.

    • 033-22131499

    • Khatau Bldg, 2nd Floor A. D. Modi Marg, Fort,Mumbai-400001

    • 022-40929000

    Attention Investor:

    1 Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.
    2 Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge.
    3 Pay 20% upfront margin of the transaction value to trade in cash market segment.
    4 Investors may please refer to the Exchange’s Frequently Asked Questions (FAQs) issued vide BSE Notice no. 20200731-7 / NSE Circular No. NSE/INSP/45191 dated July 31, 2020 and BSE Notice No. 20200831-45 / NSE Circular No. NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard.
    5 Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.
    6 Beware of fixed/guaranteed/regular returns/ capital protection schemes. Brokers or their authorized persons or any of their associates are not authorized to offer fixed/guaranteed/regular returns/capital protection on your investment or authorized to enter into any loan agreement with you to pay interest on the funds offered by you. Please note that in case of default of a member claim for funds or securities given to the broker under any arrangement/ agreement of indicative return will not be accepted by the relevant Committee of the Exchange as per the approved norms.
    7 Do not keep funds idle with the Stock Broker. Please note that your stock broker has to return the credit balance lying with them, within three working days in case you have not done any transaction within last 30 calendar days. Please note that in case of default of a Member, claim for funds and securities, without any transaction on the exchange will not be accepted by the relevant Committee of the Exchange as per the approved norms.
    8 Check the frequency of accounts settlement opted for. If you have opted for running account, please ensure that your broker settles your account and, in any case, not later than once in 90 days (or 30 days if you have opted for 30 days settlement). In case of declaration of trading member as defaulter, the claims of clients against such defaulter member would be subject to norms for eligibility of claims for compensation from IPF to the clients of the defaulter member. These norms are available on Exchange website at following link: https://www.nseindia.com/invest/about-defaulter-section. & https://www.bseindia.com/static/investors/Claim_against_Defaulter.aspx.
    9 Brokers are not permitted to accept transfer of securities as margin. Securities offered as margin/ collateral MUST remain in the account of the client and can be pledged to the broker only by way of ‘margin pledge’, created in the Depository system. Clients are not permitted to place any securities with the broker or associate of the broker or authorized person of the broker for any reason. Broker can take securities belonging to clients only for settlement of securities sold by the client.
    10 Always keep your contact details viz. Mobile number/Email ID updated with the stock broker. Email and mobile number is mandatory and you must provide the same to your broker for updation in Exchange records. You must immediately take up the matter with Stock Broker/Exchange if you are not receiving the messages from Exchange/Depositories regularly.
    11 Don’t ignore any emails/SMSs received from the Exchange for trades done by you. Verify the same with the Contract notes/Statement of accounts received from your broker and report discrepancy, if any, to your broker in writing immediately and if the Stock Broker does not respond, please take this up with the Exchange/Depositories forthwith.
    12 Check messages sent by Exchanges on a weekly basis regarding funds and securities balances reported by the trading member, compare it with the weekly statement of account sent by broker and immediately raise a concern to the exchange if you notice a discrepancy.
    13 Please do not transfer funds, for the purposes of trading to anyone, including an authorized person or an associate of the broker, other than a SEBI registered Stock broker
    14 Updation of mandatory KYC fields

    This is issued in the interest of Investors and as per NSE circular No.: NSE/COMP/42549 and BSE Circular No.: 20191018-7, we hereby informed that certain fraudsters are collecting data from various sources of investors who are trading in Exchanges and sending them bulk messages on the pretext of providing investment tips and luring the investors to invest in bogus entities by promising huge profits. You are advised not to trade on the basis of SMS tips and to take an informed investment decision based on authentic sources.


    Prevent unauthorised transactions in your account –> Update your mobile numbers/email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day. ………. Issued in the interest of Investors

    * Merchant Banker’s Disclosure as per SEBI Circular No. CIR/MIRSD/1/2012 dated January 10, 2012

    * Disclosure of Commissions from AMCs

    * Risk Disclosures on Derivatives

    * Investor Charter – Stock Broking

    * Investor Charter – Merchant Banking

    * Investor Charter – Research Analyst

    * Investor Complaints Data

      1. Data for every month ending

      2. Trend of monthly disposal of complaints

      3. Trend of annual disposal of complaints

    KMP Contact details


    Batlivala & Karani Securities India Pvt. Ltd.  CIN No – U67120WB1998PTC087160

    Trading Member:

    National Stock Exchange of India Ltd. [NSE]

    Member Code: 10405

    Bombay Stock Exchange Ltd. [BSE]

    Member Code: 736
    Single SEBI Registration No.: INZ000284836
    SEBI Merchant Banking – INM000012722

    SEBI Research Analyst – INH300000211

    AMFI Registration No – ARN-0703

    Compliance Officer: Shirish Shah +91 22 4031 7240/241 E-Mail: Shirish.shah@bksec.com

    For any complaints or grievances:  investorcomplaints@bksec.com

    For any queries and service request: contact@bksec.com


    Mailing Info:

    Compliance Officer – Investor Grievance Cell: Batlivala & Karani Securities India Pvt Ltd, 1101, 1103, 1104, Hallmark Business Plaza, 11th Floor, Sant Dnyaneshwar Marg, Near Guru Nanak Hospital, Bandra East, Mumbai – 400051, India

    Client Bank Details (Up streaming Client Nodal Bank Account -USCNBA):

    Investors are requested to note that Stock broker Batlivala & Karani Securities India Pvt. Ltd. is permitted to receive money from investor through designated bank accounts only named as Up streaming Client Nodal Bank Account (USCNBA). Stock broker Batlivala & Karani Securities India Pvt. Ltd. is also required to disclose these USCNB accounts to Stock Exchange. Hence, you are requested to use following USCNB accounts only for the purpose of dealings in your trading account with us. The details of these USCNB accounts are also displayed by Stock Exchanges on their website under “Know/ Locate your Stock Broker.”


    Bank Name Bank A/c No A/c Holder Name IFSC Code
    Axis Bank Ltd 915020004841325 Batlivala & Karani Securities India Pvt. Ltd. USCNB A/C UTIB0000004
    Axis Bank Ltd 923020033625218 Batlivala & Karani Securities India Pvt. Ltd. USCNB A/C UTIB0000004
    Axis Bank Ltd 4010200266802 Batlivala & Karani Securities India Pvt. Ltd. USCNB A/C UTIB0000004
    Axis Bank Ltd 4010200266796 Batlivala & Karani Securities India Pvt. Ltd. USCNB A/C UTIB0000004
    Axis Bank Ltd 4010200344128 Batlivala & Karani Securities India Pvt. Ltd. USCNB A/C UTIB0000004


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