Comment on POA - Power of Attorney for your Demat account

Ateet commented on 31 Jul 2014, 12:51 PM

Hi Nithin

Thanks for your quick reply and sorry for spelling your name incorrectly in my last post. I have a couple of follow-up questions here. Hope you can answer them as well.

1) Regarding the cost of Rs 60 per scrip, I read in my zerodha demat account application form, on the page named “Rate Sheet for Zerodha Clients”, it says that Pledge charges are 0.02% of the value of transaction, subject to a minimum of Rs 50 plus Depository charges at actuals.

Is this some other kind of pledge than what we are talking about?

2) Is there a minimum % requirement for the cash component (cash margin vs. post-haircut stock margin) of the margin requirement?


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