Finvasia

neo.mx

Active Member
@Finvasia

Consider I have 1000 shares of X in my demat account out of which 500 pledged and 500 is free. Now if I sell 500 shares then it should be debited from free 500 shares.

But your system is unnecessarily unpledging other 500 shares and debiting from that.

It is unnecessarily increasing pledge unpledge charges.

Please check from you end why this is happening.
 

Finvasia

Well-Known Member
With the T+1 settlement in place, it is indeed a moment of pride for India on Republic Day.

As per NSE Circular NSE/CMTR/54992, the Indian equities market will entirely switch to a shorter trading cycle known as the T+1 settlement on January 27, 2023.
This change will shorten the settlement cycle by a day, thus reducing the risk of pay-in/pay-out defaults, lowering margin requirements, and giving investors more liquidity with the availability of funds and securities.
Shoonya t+1 Settlement.png
 

Finvasia

Well-Known Member
@Finvasia

Consider I have 1000 shares of X in my demat account out of which 500 pledged and 500 is free. Now if I sell 500 shares then it should be debited from free 500 shares.

But your system is unnecessarily unpledging other 500 shares and debiting from that.

It is unnecessarily increasing pledge unpledge charges.

Please check from you end why this is happening.
Hi @neo.mx! Please inbox your client code, we'll have someone from the team get in touch regarding your concern. Regards