Limit statement in Sharekhan

Hi,

I have recently taken Sharekhan a/c and i am confused with the Limit statement.

Current Cash Balance 22000.00 Cr.
(Add) Limit Used By Trading on 2009-02-03 -6952.71 Dr.
------------------
Total 15047.29 Cr.


But on 3rd feb i have bought shares for approximately 19611.00 rs and my obligation report shows action as Pay.


I am not clear, why sharekhan has not deducted entire 19611 but only 6952 ??

Sir,

as the name suggests, its a limit statement. Which refers to your intra day limit. So once you buy a stock, Sharekhan only deducts a marginal limit from your balance. Once you carry forward the buy, and the shares are reflected in your demat account, the whole amount will be deducted.

Is it good to have a demat account with sharekhan ?