Finvasia

IMPORTANT UPDATE REGARDING BTST AND MARGINS

Dear TJ Members,
In reference to the recent margin changes in Cash segment only, following shall be applicable with immediate effect.

BTST is allowed
Client can buy on T day and sell on T1 day. Please note, on T1 day, you need to have Var+ELM+Adhoc margin for selling the BTST position. Further, you shall not be able to buy new position on T1 day from the released margin after selling the shares.

Let us explain with example: You bought A shares of Rs 1,00,000 on T day. For BTST, you need to have Var+ELM+Adhoc margin for the quantity to be sold on T1. Say, the margin required for the selling is Rs 30,000. Once you have sold the position, Rs 30,000 shall be blocked for both T1 and T2 day from your available margin. Please note, the released margin of shares sold on T1 of Rs 1,00,000 shall be available on T3 day.

Margin of shares if sold from Demat:

Client shall get full margin on T day if shares are sold from their Demat account. In other words, if you have shares in your Demat account and wish to sell the shares using CNC order type, you shall be able to make fresh positions from the sold margins.

Regards
 
Update on HDFC Virtual Bank Account: Instant Funds Update

Dear TJ Members,
In reference to the recent virtual account funds update process, we have upgraded and all funds shall be updated instantly in your trading account. You need to transfer funds in your virtual HDFC account and limits shall be updated immediately in NEST and Scalpert. This is applicable in case of NEFT, RTGS, FT and IMPS only. Once limits are updated, you shall also get an SMS on your registered mobile number.

Each client (new and existing) will be issued a custom bank account, where first 6 alphabets will be FINVAS followed by your client code such as "FINVASXXXXX". You can find these details in PRISM under "ADD FUND".

Virtual Account Number: FINVAS#######
For Example, if you client code is FA1234, then your virtual Bank account number shall be FINVASFA1234
Beneficiary Name: FINVASIA SECURITIES PVT LTD
Bank Name: HDFC BANK LTD
IFSC Code: HDFC0000873
Branch Name: Industrial Area, Chandigarh

Moving forward, we would advise all our clients to use Virtual Bank Account to transfer funds.
Regards
 

Zerodha – Open Paperless Account

Open online account with Zerodha. Free delivery trading and Max Rs 20 for Intraday, F&O, Currency and Commodity Trading. Intraday High leverage with MIS, CO and BO.

Name:Phone:
Email:City:
State:
Are you a day trader?