Intraday cash component requirement

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1

If I pledge stocks worth 1 crore and get the margin of 80 lakhs. I usually sell options using this margin. Assuming I have zero cash component and I used all the above margin.
What is the interest I need to pay

  1. Intra-day trades if I open and close trades on same day.
  2. I take positional trade on day 1 and close on day 2
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2

Hey @Ravindra_PE ,

In both cases interest will be charged at 0.0438% per day on the the cash shortfall component, in your case 40L .

Thanks,
Pranita
Product @ Dhan

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Hi Pranita,

Same issue with my friend , he said somewhere it was mentioned that if it’s same day since it’s not T±1 it’s being cleared off same day the interest would not charge if its pure intraday trades.

Could you confirm on this please .