Doubt regarding settlement and Negative Balance

General
1

My trading account balance was ₹0.60 on Friday. I sold all of my Liquidcase worth ₹44,000 and then bought some shares using the margin I received from selling the Liquidcase. Due to the DP charge deduction, my withdrawable balance is showing -₹14.99 in the console bcz of ₹.60 opeing balance. However, I will receive the settlement amount on Monday (T+1 day), which is around ₹2,332.

So, my question is: Will I receive the shares on monday that I bought with that margin money, since my trading account will be credited with ₹2,332 on Monday (i.e., the Liquidcase sold value - the value of shares bought with the margin and the total charges) even though my current withdrawable balance is -₹14.99?

2

Hey @Sayantan2003, certainly! You will be credited with the shares you purchased following a T+1 settlement cycle, which indicates the time needed for a trade to be settled. On Indian exchanges, all traded instruments follow a T+1 day settlement cycle, where T denotes the trading day. Consequently, your withdrawal balance may initially appear negative, but it will be corrected once the trade is settled, and your account balance is updated.

Can refer to the below articles to know more