F&O problem as a New

General
1

Please anyone can tell me, on expiry is there any value like banknifty 12 Mar 23900 is 71.00. Is it refundable from exchange?

2

Kitne mein liya tha?

3

If it is an call option, it is ITM, cash-settled by the exchange ((Today’s settlement price - 23900 )* Lot size)) . A put option, OTM, worthless expiry. You can learn about options trading here.

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4

70 mein

5

You will be cash settled.

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