Hi
I am new to this platform, I have received a mail from nach.alerts@kotak.com saying that my account has been credited and below its given as Remitter with the share I hold in my account.
Was wondering why I received it, is it dividend or something like that and what is NACH/ECS?
Can someone please answer it, thank you.
1 Like
I think this could be your settlement from the broker. If you dont use the money for trading for 30 days, brokers are obliged to return the money to the bank account. Could be that.
No, I received different email for that from Zerodha itself plus I received the above mail more than once
The possibly it is dividend payments from your holdings. The dividends are also transferred using ECH.
Sorry but what is ECS and NACH?
Sorry I don’t have much knowledge about these