Comment on Online pledging of stocks for trading F&O

AKD commented on 24 Nov 2016, 10:22 PM

Thanks for your prompt reply & it’s nice to know that “NSE NOW” users will get the same facility like other software users.

I think, earlier I couldn’t able to explain you my 2nd question clearly.
Say, I’ve Rs.1 Lac as “Collateral Margin” with “Zero” cash balance in trading account. Now, I’ve bought 1 Lot of ‘‘Banknifty’’ and sold it with a loss of Rs.2000/- in total. Here I need to “REFUND” Zerodha Rs.2000/- as I’d no cash in my account, otherwise you’ll sell some of my pledged shares (if I understand correctly). So my question here, what is the time limit for this “REFUNDING”? Is it before 3:30 pm (end of the trading session) of that same Trading day or I’ll get a chance up-to the starting of next day Trading session?

And another question, an “IL&FS Demat Account” holder also can pledge & get the “Collateral Margin” facility in Zerodha, isn’t it?

Thanks again.

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