Comment on UPI, now live at Zerodha

Kiran Bhave commented on 19 Mar 2018, 04:35 PM

Not a valid reason. Zerodha always limits the transaction based on real time funds availability based on deducting the amount from ledger and holding it. Rest of the amount is clear and should be able to transfer instantly.

Furthermore, all brokers allow overdraft and charge hefty interest also on negative balance, so there is no need to wait for trade closure.

While I appreciate this one directional upi, as suggested by many the reverse also should be easily possible.

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