The Most Important Terms and Conditions (MITC) page is a SEBI-mandated, plain-language summary of the key terms that govern your relationship with Rupeezy as your stock broker. It is a standard document included in the account opening kit so that, before you start trading, you understand the essentials — charges, settlement of funds, margin obligations, your rights, and how to raise a complaint — in one short, easy-to-read place.
Why is the MITC page part of the account opening forms?
The account opening kit contains several detailed documents — the rights and obligations, risk disclosures, and policies and procedures. These are important but long. To make sure the most critical points are not missed, SEBI prescribed a standardised MITC in simple language that every stock broker must share with every new client. It does not replace the full agreement; it highlights the terms you should be most aware of.
What does the MITC page cover?
In simple terms, the MITC brings together the points that affect you the most:
- Broker–client relationship — that Rupeezy acts as your stock broker and the account is opened after your KYC and documents are verified.
- Charges — that brokerage and other statutory charges (such as exchange fees, GST, STT, and stamp duty) apply to your trades, and these are shared with you separately.
- Settlement of your account — how and when the funds and securities lying in your account are settled back to you (the running account settlement).
- Margin and collateral — that you must maintain the required margin, and what can happen if there is a shortfall.
- Liquidation of positions — the circumstances in which your positions may be squared off, for example due to a margin shortfall.
- Your rights and grievance redressal — how to raise a complaint, including SEBI's SCORES platform and Online Dispute Resolution (ODR).
- Nomination — the option to add a nominee to your account.
- Risk of investment — a reminder that investments in securities markets are subject to market risks.
Do I need to read and accept the MITC page?
Yes. The MITC is meant to be read before you complete account opening. In the online (paperless) process you acknowledge it as part of the e-sign step, and in the offline (physical forms) process it is part of the kit you sign. Reading it takes only a few minutes and helps you start with a clear understanding of how your account works.
Important: The MITC is a regulatory summary and does not override the detailed rights, obligations, and policy documents in your account opening kit. For any specific term, the full document is the final reference.