Hi @Siyanka
The reply states that there was a shortfall in peak margin for that day. However, there was no notification on your app / web front end or later via email that there was a peak margin shortfall during the day.
Secondly, since the BOD margin file is constantly applied for all positions during the day, and I had no hedge positions, I was curious to understand as to how a margin shortfall scenario came about in the first place?
Thirdly, to quote your own community post Important Update: On Margins, Usage of Broker Funds, and Interest Charges - “If you are trading with full cash and cash equivalents provided by you, you do not have to worry about anything here including the interest charges as the 100% margin is provided by you.”
Lastly, the scenarios for levying DPC are clearly mentioned in your post -
Broadly, it’s under the following scenarios:
- When you take positions based on margins granted to you but margins are not maintained in the 50:50 ratio as prescribed by exchanges.
- Do not pay for Buy Trade within T+2 days
- When you avail margin funding facility
- When charges debited in the ledger are not paid immediately
My case does not fall into any of the above scenarios.
Based on the above, I would like to understand on what basis the interest is being applied?
@PravinJ - FYI pls.
Siyanka - Pls call if you need to discuss for greater clarity.