You need a demat account, and we need to know it is yours
Shares are credited directly to your demat account with CDSL or NSDL. A CDSL account number is 16 digits. An NSDL account number is 16 characters — the letters IN, then 14 digits.
Neither depository's account number carries a check digit. A single mistyped figure is another perfectly valid account belonging to somebody else, and an off-market transfer cannot be reversed — there is no exchange, no clearing corporation, and nobody with the authority to unwind it.
That is why we ask for a Client Master Report before a first purchase, and again whenever the account changes. It is issued by your own broker and names the account holder, which is what lets us confirm the shares are going to you rather than to a number that merely looks right.
The order, and what it commits you to
You choose a quantity at or above the minimum lot the counterparty will deal in. The total shown is the shares at the indicative price, plus statutory stamp duty at 0.015% on the consideration, which is collected through the depository and is not a GrowIQ charge.
The indicative price is confirmed against a live counterparty quote when the order is placed. If it has moved, the order is not placed at the old figure — you are shown the new total and asked again.
Payment, transfer, and credit
Your payment is never made to GrowIQ Capital. Under our current counterparty arrangement, we pass your order and your demat details to the counterparty, who contacts you on your registered number or email quoting your order number, collects the payment directly, and credits the shares. Pay nobody who does not quote your order number. Where an arrangement instead uses a third-party escrow agent, funds go to an account naming you and are not held by GrowIQ Capital; your order page says which applies.
The counterparty lodges a Delivery Instruction Slip with the depository naming your account. We do not pass your details to the counterparty, and do not lodge that instruction until somebody here has opened your Client Master Report and confirmed it names you and the account you gave us.
The shares are then credited to your demat account, and we confirm the credit against the depository statement and close the trade. Nothing in this sequence happens automatically: there is no exchange feed reporting a transfer, so each step is a person reading a depository statement and recording what they saw.