If intraday margin goes up, there is no margin penalty on intraday trades. The penalty is applicable only if margin goes up at end of the day, for overnight positions. Doesn’t affect intraday positions.
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So @nithin refund for intraday peak margin penalty since oct 21 will be automatically refunded or we will need to raise support tickets for it?
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Hey @MayankMaheshwari, we’ve been computing and refunding any upfront margin penalties from October 2021 that were passed on to the customers. If you haven’t received a refund, would suggest you create a ticket here so our team can have this checked.
If you’ve already created a ticket, you can DM me the ticket number.
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Had created a ticket some 10 days back, and it’s still in pending resolution status. The team has even stopped responding on that ticket after telling me that they are awaiting outcome of the petition filed by brokers.
Please DM me the ticket number. Will have this checked.
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Hi Shubh, where to check for refunds?
Not sure if i have received any emails or notifications. Else will raise a ticket.
You can check this on Console legder. If penalty has been refunded, you will see margin penalty reversal entry.
Oh okay. So the penalty refund gets credited to our ledger and not our bank account.
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@ShubhS9, my ticket is also on the pending resolution status. Was told to wait for a few more days, so please check if anything more needs to be done…
Ticket no: #20220927221389
@NithinKamath when can we expect a final timeline to get judgement on petition and refund of short margin penaly?