Margin penalty is 0.5% for shortfall amounts lesser than Rs 1lk and 1% above Rs 1lk
in context of intraday short index options position, let’s say intraday banknifty straddle:
where margins increased of a already held position, can brokers pass on the penalty to clients at 1% of shortfall?
Thanks.
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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