Comment on Understanding the new margin pledge system — effective Aug 1, 2020
commented on
29 Aug 2020, 01:24 PM
I am new here. My old brokerage firm allow me to do intraday and take delivery with the value of shares I hold in my demat account. I had to transfer money only in T+2 days. As that is not possible here I may have to pledge shares to do intraday. If cash balance in my account is 0 then can I do intraday with margin money I get by pledging shares? Will I have to pay interests if my account balance become -ve due to intraday loss even if I transfer money in T+2 days?