New to Trading - Please Help

Discussion in 'Investors Grievances' started by salilgupta1980, Apr 5, 2008.

  1. salilgupta1980

    salilgupta1980 New Member

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    Hi,

    I bought 100 shares of REL totalling Rs. 1,20,000 three days ago; however just realised i only had Rs. 80,000 in my A/C. However, the transaction still went through and it still shows the available margin of Rs. $30,000 till date.

    I havent sold these shares yet.

    Is there any penalty for buying the shares of more value than your actual money sitting with the broker or they only charge you the interest if you keep a delivery

    Thanks
     
  2. suba_stocks

    suba_stocks Member

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    well, probably you might be using margin amount available on your total portfolio ....so for using margin amount for few days is going to attract intrest not penalty.

    regards
    suba
     
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