Comment on Online pledging of stocks for trading F&O
commented on
01 Feb 2016, 08:34 PM
In one of the earlier posts (http://zerodha.com/z-connect/tradezerodha/margin-requirements/zerodha-margin-policies), you had mentioned, “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.”
However, now you have started charging interest on pledged amount if the pledged amount > 50% of margin. What has changed between earlier and now to take this decision?