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Dear Business Partners, This is with reference to DP charges debited to clients & their subsequent recovery from SB credit

available with us, please note that on receiving various feedback & suggestion from our business partners, we are pleased to change the process as discussed below. As per new process our Business Partners are not responsible for the recovery of Client DP Charges from second year onwards of opening of an account. However, Partners would remain responsible for the recovery of First Year AMC, other Account Opening charges and Transaction Charges of First Year. For better understanding, we are mentioning below the detailed process of the same. 1. In case of New account, DP AMC, account opening and Transaction charges will be debited to client ledger, irrespective of clients ledger balance. If because of these charges client a ccount comes into debit or risk, respective Partner would be responsible for the collection of the same. 2. In case of existing account, as per current policy, if client is having holding or is active in transaction, we are charging Rs. 300 as AMC. If client is having holding less than Rs. 500 and if client is not active in last 6 month, we are charging only Rs. 50. a) Henceforth, in a new Process, practice of levying Rs. 50/- for inactive clients would be discontinued with immediate effect. b) In subsequent year, client will be billed AMC of Rs. 300. Clients trading ledger would be debited with the proportion of the Net Credit (Ledger + Holding) available in their trading account c) If client account do not have sufficient credit, charges will not be debited to client ledger and will be parked separately in clients DP ledger d) Every week we will check the balance available in client account and if credit is available we will transfer the debit from DP ledger to Trading ledger for outstanding e) Client would be informed his last AMC Bill about payment in 30 days. In case we are not ableto recover the DP charges for 30 days, Clients account will be freezed and all DP services will be blocked such as executing off market transactions, modification requests, DP Statements etc. and client account would be converted to Zero AMC scheme and subsequent AMC will not be charged to clients f) In case, client becomes active again in future, we will again shift the client account from ZERO AMC scheme to Normal scheme, which is currently AMC of Rs. 300 per annum Thanking you, In case of any query, please revert at partners@angelbroking.com

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