Comment on Zerodha - Margin Policies

Nithin Kamath commented on 20 Feb 2015, 03:54 PM

No Prateek, this can be used for F&O trading only. One round trip of pledge and unpledge costs around Rs 55 per scrip (irrespective of the quantity).
On Q, we are giving an option to place a pledge request. It will still take around 24 hours to get the benefit.

Unlike brokers like IIFL who keep the stocks with them when they pledge, we pledge it directly with NSCCL (NSE). So we don’t end up lending the same stock to someone else, or charge interest on margin provided.

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