sir, suppose if we bought a stocks at a price exceeds from the holder balance ( eg. means -amount), if he does not pay the amount on that day itself. how much will be the charges charged by the zerodha ?
If you are buying stocks for holdings, then you require full cash for this and you will be able to execute the trade only when the entire cash is available in your trading account. Your trade will be rejected if there is a shortfall of cash. If it’s a buy margin trade, then the risk team will monitor your trade and square off your position when the loss exceeds 50% or more of your margin amount.
Eitherway an interest of 0.05% per day will be charged for any debit balance in your account.