Comment on New margin framework for F&O trades

Rinkesh Mehta commented on 01 Jun 2020, 04:01 PM

Dear Zerodha team,

Need your justification for not informing traders like me about implementation of this rules of changing margin in F&O well in advance. I don’t believe that you came to know about this change on Saturday night when market was close. Before 30th May, 67000 was credit in my account and I did rollover of Biocon (2 futures) & Bharti Airtel future. But suddenly on 30th may it started showing shortage of fund by 2.55 lakhs which is ridiculous. Being service provider you should understand and think of your clients loss which they are going to suffer because of this. Also zerodha started sending emails and sms for fund transfer failing which will result in square off……what the hell is that……….how can investor bring such a big amount in just one day that too in this bloody recession period arises due to covid 19…………….this led me to book loss in one of my biocon future to clear the negative margin………….it seems that you only want to earn at any cost….you don’t at all bother about your customers…..if this continues I bet you will be out of the market soon……..many of your competitors are available in market………you know because of your irresponsible act today where I can easily make profit of 65000 in biocon I had to book loss………who is responsible for this………also zerodha today again change the margin requirements of biocon………………r u playing a game or what……………….also since last few days your portal is not working correctly. Today also i tried to change the limit but unable to do so………..now tell us how one can trust you or your portal……

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