CFS Credit For Sale Credit

Trading
1

Hi

Please can anyone if a stock is sold 80% value is allowed to buy on same day is it still same as my broker has stopped CFS reason due to new allocation system which started from May 2, 2023

2

Hi @Shashi_Bangera

Yes. you will continue to receive the 80% credit on the same day at Zerodha.

Since we do EPI at regular intervals, this doesn’t affect us and we provide 80% of the sale proceeds instantly when the shares are sold, while remaining 20% of the balance will be available on the next day.

1 Like
3

@Meher_Smaran can we use the 80% to buyback the same share…

Say I sell stock A from my holding for 100 INR, and Zerodha gives me back 80 INR instantly, can I use the 80 INR to buy the same stock or will this result in a peak margin ?

1 Like
4

Hi @Sangeeta_M

You can buy any stock. It won’t result in any peak margin shortfall.

1 Like
5

U can buy same Stock.