Does Zerodha provide leverage against the funds available in my trading account?
You will get leverage for placing intraday orders (MIS and Cover Orders) based on the peak margin requirements, you can refer to this post for more information on this.
To check the latest intraday leverages offered for placing intraday orders, you can refer to this bulletin. There is no interest charged for these leverages.
However, a few stockbrokers do provide additional funding to clients against the funds available in the client’s accounts via an NBFC and charge interest on the availed margin.
The funding of a client’s trading account by charging interest has been prohibited by the exchanges. You can refer to this circular issued by NSE advising stockbrokers not to indulge in the practice of financing Securities Transactions.
Given the above circular by the exchanges, we do not offer any additional leverages to the client.