The customer has to pay the margin; for example, to buy Rs 1lk worth of Reliance, you need to have at least Rs 20k as margin with you. On the settlement day, the broker pays the remaining 80%.
No, in MIS broker isn’t giving margin. It was possible before, but not since 2021, because intraday leverage restrictions were put in.
Yeah, as explained in the earlier question.
Is your broker still offering this T+5 days thing? Ideally, they shouldn’t be. If you hold anything after T+1, it should be in MTF. @VenuMadhav Am I right on this?
Most payment gateways settle on the same day, but yeah, many do it on T+1, and until then broker’s funds are blocked. This is the working capital requirement to be a broker. A broker can allow a customer to trade only when the payment gateway confirms that the transaction is successful and money is on its way. So that way, there is already clarity to the clearing corp.
Our support portal is quite extensive. You can check it out.