Comment on Online pledging of stocks for trading F&O
commented on
03 Feb 2016, 03:20 PM
Dear Nithin,
At the time of opening the trading cum Demat account i have specifically asked your sales person whether I will charged any interest or not for utilizing my own margin, at that time i received a answer that no any interest will be chargeable. Now all of the sudden Zerodha is talking of charging interest on the negative balance / cash shortfall. this was not the case with IL & FS demat account whcih my friends are using.
Interest will be a huge cost for small traders like me.