My funds are collateral(1L) and cash around 1.3L currently. But I got the collateral margin by pledging the shares today. So till yesterday my total margin consisted of only only cash (1.3L). I made position out of that 1.3L and now today I pledged shares and got collateral margin of 1L and then made another position out of that collateral margin of 1L which was purely collateral as I did not have any cash at that time. So how will the funds be utilised for new order?
Will there be penalty or interest levied on second order?
Hi @Atharva Welcome to Dhan community!
As per the telephonic conversation with our executive we understand that your margin concern has been addressed.
Further, you need to maintain the 50:50 margin and if it is not maintained then 0.0438% interest per day is applicable.
But still can you clarify whether in this particular case there will be any interest or no?
Hi @Atharva
Request you to get in touch with our help support at help@dhan.co or call us on Phone Support 022 - 4890 6273