Interest on margin charged by brokers

Hi!

Do brokers charge interest on margins given to me. If so how is it calculated?

Is there a time period till which interest wont be charged?

How much interest do sharekhan or india infoline charge?

Do they charge interest on F&O margin given, option premium, option margin and shares also?

Is interst levied on MCIL given and intraday trades also?

For intraday it is not charged but for delivery it may be charged. Terms differ depending on your broker and your transaction volume

Any idea about sharekhan or india infoline.

Hi!

Well sharekhan charges 18% pa interest, calculated on a daily basis. Any idea how much india infoline charges. Actually i have no contacts tgere so I have no idea for it.

Ya but can you tell me the currently charged interest by india infoline on margins given.

ask ur broker

If u r talking abt margin funding. Yes , you would be charged interest ranging from 15% to 24% p.a on a daily basis.

margin funding is not a good idea . you should not opt for it if you are a long term player and want to stay in profitable situation.

discount brokers don't fund ...however biggies fund at hefty charges.

I'd say accept auto square off if you are short in margin .... improve skills in money management.

I agree with RITIKA, mt broker sharekhan charges 18% interest on margin taken, moreover they even charge it for intraday margin also.

ask your broker first