Broker Guidelines

Guidelines for Parasram (XTS)

Parasram Broker: An Overview

Parasram, established in 1995, is a full-service brokerage firm in India with membership across NSE, BSE, MCX, MSEI, and dual participation in both NSDL and CDSL depositories. Serving over 130,000 clients—from retail investors to HNIs, NRIs, and corporates—it operates through 350+ branches across 160+ cities. The firm offers a holistic suite of financial services including equity, derivatives, commodities, currency trading, IPOs, mutual funds, insurance, fixed-income products, margin funding, as well as distribution of unlisted/pre IPO shares through its “One Stop Financial Supermarket” model. In recent years, Parasram has expanded into proprietary trading, with a strong focus on arbitrage and high-frequency strategies

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What you will need to add Parasram (XTS) account in Cirrus

  • You need to have a Cirrus Account. If you don't have one, follow the LINK.

• You need to have an active Demat account in Parasram. If you don’t have an account, create an account on Parasram. Make sure to activate F&O on your account.

• Go to https://trade.grdgroupz.com/#!/app and sign in to your account using appropriate Login ID and Password.

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• Create a New App: Click the create new app button as per given image below

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• Enter the required fields of data into it after clicking on create new

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• Once created app, copy the API key and API Secret for further use.

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• Then, we should paste them into Cirrus Page.

FAQs for Parasram (XTS)

1. How do I transfer funds to my trading account?

You can use online bank transfers (NEFT/IMPS/RTGS) to their registered HDFC account—funds are generally credited instantly, though timing depends on your bank. Cheque transfers take 3–5 working days. Transfers are free, though your bank may charge fees.

2. Are there fund withdrawal charges?

No, withdrawals from your trading account are free. Just send a request to [email protected] to initiate it.

3. What are the account opening and maintenance fees?

Trading Account: Free to open, ₹300 annual maintenance. Demat Account: Free to open (under NSDL/CDSL); ₹885 covers 10 years of AMC.

4. What documents and process are needed to open an account?

Open online with zero paperwork using e KYC (Aadhaar based OTP, PAN, photo, signature). Required for trading and mutual fund accounts.

5. What services are offered under depository operations?

As a DP with both NSDL & CDSL, Parasram supports dematerialisation, rematerialisation, transfers, pledging, stock lending, e voting—all paperlessly and securely.

6. Can I invest in mutual funds through Parasram?

Yes. Their Parasram Mutual Fund app allows mutual fund investing post KYC, with an easy setup process including video KYC.

7. Are there brokerage charges?

Parasram offers a standard brokerage plan: 0.15% for equity delivery, 0.015% for intraday and futures, and ₹15 per lot for options. Account and margin charges are competitive.

8. What markets and products does Parasram support?

You can trade equities (cash & F&O), commodities, currency derivatives, mutual funds, IPOs, insurance, margin funding, and even access unlisted/pre-IPO investments.

9. How can I file complaints or grievances?

Use the Contact Us details—email [email protected] or call 011 47000000 (available Mon–Sat, 9 AM–6 PM). If unresolved, escalate via SEBI SCORES or the relevant exchange platforms.