Comment on Online pledging of stocks for trading F&O
commented on
02 Feb 2016, 01:36 PM
This is NOT FAIR, not at all,
in the case , when we do not have positions in F & O;
or in case of having CREDIT positions in F & O ,
then brokers margin gets increased to THAT AMOUNT as per the same
or deposit of broker kept at SEBI gets CREDIT;
for that NEITHER IS GOING to give interest on EARNED CREDIT, nor is there provision by SEBI to brokers to DO so….
at-least ZERODHA should make a REVIEW in case of it (if at all it is mandatory)
or at most charge 0.05% per day basis when the account gets into DEBIT ;
at the same time should pass on interest of 0.04% ( discounted one )to CREDIT AMOUNT that broker is using AS BRIDGING AMOUNT between SEBI and it.