F&O problem as a New

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

Kitne mein liya tha?

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.


70 mein

You will be cash settled.

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