Terms and Conditions

These Terms and Conditions (“Terms”) govern your access to and use of the website www.shoonya.com and the Shoonya mobile application (collectively, the “Platform”), owned and operated by Finvasia Securities Private Limited (“FSPL”). The Platform may also be used by FSPL’s subsidiaries, group companies, or associates (together referred to as “Company,” “We,” or “Us”), as per internal arrangements. By registering on or accessing the Platform, you (“You,” “Your,” or “User”) agree to be bound by these Terms and our Privacy Policy. Please read both documents carefully before using the Platform. The Company reserves the right to modify or update these Terms at any time without prior notice. Changes will be effective immediately upon posting. The date of the most recent revision will be reflected in the “Last Updated” section above. It is your responsibility to review these Terms periodically. Continued use of the Platform will constitute your acceptance of the updated Terms.

Consent for KYC Sharing

You hereby authorize FSPL to share your KYC documents and information (including PAN, Demat, and Broking account details) with KYC Registration Agencies (e.g., CVL) as required. Once uploaded, these details may be accessed by other registered intermediaries or agencies with whom you initiate a business relationship.

Demat Account Policy

As per FSPL’s internal RMS policy:

  • Opening a demat account with FSPL is mandatory for all users.
  • Third-party demat accounts will not be accepted.
  • You authorize FSPL to receive all credits and pledge instructions in your demat account without requiring separate authorization for each instance.
  • You agree to receive electronic transaction and holding statements in digital mode and consent to sharing your email address with the RTA (Registrar and Transfer Agent).
  • You opt to receive dividends and interest payments directly into your registered bank account.

Electronic Delivery Instruction Slip (eDIS) & DIS Booklet

  • You agree to avail the eDIS service immediately upon opening your CDSL demat account, enabling electronic execution of stock exchange-related transactions.
  • You acknowledge that the physical Delivery Instruction Slip (DIS) booklet is not required immediately but will be issued upon your request at any time in the future.

Amendment of Terms

You acknowledge that these Terms and Conditions may be updated by FSPL at its sole discretion. Updated Terms will be made available through the Platform (web or mobile app), or sent via email, courier, or post. Once made available through any of these channels, such updates will be deemed as received, read, and understood by the Client. Continued use of the Platform will signify your acceptance of the updated Terms.

Brokerage and Charges

  • A brokerage operational cost of ₹5 or 0.03% per executed order (whichever is lower) plus applicable GST will apply to trades in Equity Intraday, Futures, Currency, and Commodity Derivatives.
  • A flat ₹5 plus GST will be charged per executed order in all Options trades.

Communication Disclosure

  1. By submitting your mobile number, you confirm that the number is registered in your name and that you are authorized to use it.
  2. We may contact you via SMS, RCS, WhatsApp, email, and social media channels to share relevant communication.
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