Comment on Consequences of Short delivery - NSE/BSE

Naeem commented on 24 Jun 2016, 10:51 AM

Sir, on 15th June I purchased 8 SBI NCDs at 11000 but have 50000 cash in my trading acct, later on T+2 day (17th) as one of my family member was hospitalised, I forgot abt the trade obligation resulting in 38000/ shortage. On 20th I moved 45000/ to my trading account, but still NCDs not credited to my DPaccount.
No response from the broker, I want to know usually, what % charged as penalty in such cases and why the NCDs not credited still ?

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