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For at this time’s expiry, all intraday trades, by mistake I squared off hedged positions first. In night, received Provisional margin shortfall quantity e mail for Rs 4.9L which is an excessive amount of.
Needed to know if any penalty will probably be charged? If sure how a lot? I’m not carrying any positions in a single day because it expiry at this time solely.
Hello @Gaurav_Chhabra
assist.zerodha.com
Why was an e mail and voice message obtained for the provisional margin…
Why was an e mail and voice message obtained for the provisional margin shortfall?
That is most certainly a case of peak margin shortfall and if that’s the case, the penalty will probably be borne by Zerodha and received’t be handed onto the shopper.
In the event you keep the steadiness which covers provisional peak margin, you possibly can ignore the above notification.
You may test this under submit for an in depth dialogue on this matter:
Hello @nithin and @zerodhateam,
I’ve a query concerning F&O margin necessities, and listed here are the identified details:Regulatory margin necessities are despatched round 5:30 pm, and shoppers should keep these margins.
If there’s a margin shortfall, shoppers should add funds to cowl it earlier than 11:59 pm.
Failing to take action will lead to Zerodha charging curiosity at a charge of 18% p.a.
If the margin shortfall isn’t resolved earlier than the market opens the subsequent day, regulatory penalties apply (0.5% / 1%)…
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