Zerodha - Number One Discount Broker in India

[Zerodha]

dear zerodha


has bracket order launched for cash segment

Should be available from next week

 

[LivetoTrade]

Should be available from next week

And does one need a Demat-linked account to trade BO in Cash segment?

 

[fullyaddicted]

Hi

Why is my ac debited of Rs. 55235 for SPAN margin for 1 lot of Long SBI Futures?

"FNO 000000 144461 23/05/2014 DV SPAN Margin Debit. TNxxxxxx 55235.00"

 

[Zerodha]

And does one need a Demat-linked account to trade BO in Cash segment?

Yes, for any kind of equity trading a demat has to be mapped

 

[Zerodha]

Hi

Why is my ac debited of Rs. 55235 for SPAN margin for 1 lot of Long SBI Futures?

"FNO 000000 144461 23/05/2014 DV SPAN Margin Debit. TNxxxxxx 55235.00"

Can you PM me your client ID or send an email to [email protected] with your client ID.

 

[fullyaddicted]

Hi

my ac is in negative balance. so, can you reply soon?
based on your reply, i may need to transfer funds to avoid margin call.

 

[pakatil]

Zerodha,

Orders wont executed if a/c does not have required Margin. Than how can there be Negative Balance.

I presume the moment a/c falls short of required margin, auto square will be executed to close the position.

Then how can there be any negative Balance and the need for Margin Calls.

Or is it you are trying to manipulate for some privileged a/cs.

Cheers

 

[fullyaddicted]

hi pakatil,

As far I know, I don't have privileged ac.

The required SPAN margin on 23rd for 1 lot of SBI Fut is 39,993[https://zerodha.com/margin-calculator/SPAN/]. Instead, I was debited 55235.

They wrongly debited excess amount, that is why I have negative balance in my ac [I believe].

 

[pakatil]

hi pakatil,

As far I know, I don't have privileged ac.

The required SPAN margin on 23rd for 1 lot of SBI Fut is 39,993[https://zerodha.com/margin-calculator/SPAN/]. Instead, I was debited 55235.

They wrongly debited excess amount, that is why I have negative balance in my ac [I believe].

fa,

I did not mean your a/c. Wrong debit is their fault. The Q of margin call should not arise.

My point was order itself is rejected if Margin is not available, then how can the margin call arise....??

 

[Zerodha]

Hi

my ac is in negative balance. so, can you reply soon?
based on your reply, i may need to transfer funds to avoid margin call.

The SPAN and Exposure margins blocked in your account is as directed by NSE in their end of day files. Sometimes when the markets get volatile and you have like in your case calls and long SBI futures, NSE SPAN might usually go up for end of day. But as you would have probably seen in your account that extra margin blocked has already freed up.

We tried calling you back on this, you didn't pick up the phone.

Also, you don't need to transfer any more funds..