Finvasia

[Ravii_67]

My margin suddenly shown Rs.1.1. I am not able to trade. There is no response from Support on phone. What is the issue?

Quarterly Settlement. One needs to make an equity transaction with volume equal to fund in account, at least once in a quarter to avoid fund transfer back to bank account.

Suppose you have 1 lakh in account, buy and sell shares of SBI in such a way that volume equal to 1 lakh (buy + sell).

 

[traderhardrock]

but who will pay the huge STT on such a transaction
and what about the intra loss, if there is one
and increase of TO, that too one of speculative trading (if done intraday)

the rule that was framed by SEBI, for the benefit of traders (without thinking of the resultant consequences) has become a "gale ki haddi" for most of the traders, now

 

[hari78]

Hi Members,

I am unable to view my saved market watch in NOW platform. Does anyone face this problem??

I contacted the support through chat. The IT team solved the issue thru AnyDesk.

 

[Finvasia]

Dear @Finvasia, I am keen to understand your margin system.
Also in such situation is it possible for you to take short margin amount by online transfer rather than cheque.

Hi Infooo,

We allow single use margin to trade in NSE, BSE, MCX and NCDEX. So there is no need to maintain separate accounts for equities and commodities. Also, you get instant margin if funds are transferred using our trading application (Scalpert, NEST & PRISM). For any offline transfer such as NEST/RTGS/Fund transfer, it may take up to 4 - 6 hours to update the margin.

As per SEBI guidelines, margin need to be provided upfront. So, if there is any short fall, it can be funded same day using any online fund transfer option. In case, you are not able to transfer on the trading day, it has to be paid using cheque and must be cleared within 4 working days. In case, the same is not paid, there is margin short fall penalty as per exchange structure applies.

Hope this clarifies doubts.

 

[timepass]

A lot of customers are still keen to know how you make money if you are working with zero brokerage.

 

[traderhardrock]

Hi Infooo,

We allow single use margin to trade in NSE, BSE, MCX and NCDEX. So there is no need to maintain separate accounts for equities and commodities. Also, you get instant margin if funds are transferred using our trading application (Scalpert, NEST & PRISM). For any offline transfer such as NEST/RTGS/Fund transfer, it may take up to 4 - 6 hours to update the margin.

As per SEBI guidelines, margin need to be provided upfront. So, if there is any short fall, it can be funded same day using any online fund transfer option. In case, you are not able to transfer on the trading day, it has to be paid using cheque and must be cleared within 4 working days. In case, the same is not paid, there is margin short fall penalty as per exchange structure applies.

Hope this clarifies doubts.

"In case, the same is not paid, there is margin short fall penalty as per exchange structure applies."

how much time (in hours / days) are allowed, so as to avoid margin short fall penalty.

(by online transfer same trading day only and not if paid morning next day and if paid next day then by cheque only, no online transfer, must be cleared within 4 working days)

- secondly, have you added more banks to the list for funds transfer thro NEST, or it is the same, some months ago.

Thanks

 

[Aman_trader25]

A lot of customers are still keen to know how you make money if you are working with zero brokerage.

Saw this video on youtube the other day might help:

 

[Finvasia]

"In case, the same is not paid, there is margin short fall penalty as per exchange structure applies."

how much time (in hours / days) are allowed, so as to avoid margin short fall penalty.

(by online transfer same trading day only and not if paid morning next day and if paid next day then by cheque only, no online transfer, must be cleared within 4 working days)

- secondly, have you added more banks to the list for funds transfer thro NEST, or it is the same, some months ago.

Thanks

Please refer to the circular.

https://www.sebi.gov.in/legal/circu...ient-margins-derivatives-segments-_20439.html

The penalty fee is based on the frequency and amount has been addressed. The margin has to be collected upfront. The funds have to be transferred on the same day using any online process. In case funds are not paid on the same day, client can provide the cheque.

The payment gateway in NEST is provided by third part Atom Technologies. In case you have any specific bank in mind, please share and we can ask them to add. Unfortunately, they decide the banks to be added.

 

[Infooo]

Please refer to the circular.

https://www.sebi.gov.in/legal/circu...ient-margins-derivatives-segments-_20439.html

The penalty fee is based on the frequency and amount has been addressed. The margin has to be collected upfront. The funds have to be transferred on the same day using any online process. In case funds are not paid on the same day, client can provide the cheque.

The payment gateway in NEST is provided by third part Atom Technologies. In case you have any specific bank in mind, please share and we can ask them to add. Unfortunately, they decide the banks to be added.

Thanks for reply. Quick question .. Usually short Margin mails come by 1030 PM can I just use NEFT or account transfer to your account before 11PM.. to avoid giving cheques and margin penalties

 

[raj98]

A lot of customers are still keen to know how you make money if you are working with zero brokerage.

If @Finvasia can explain this clearly, it would be helpful and many traders can taken an informative decision without doubts while choosing the broker.