Sorry if this is a stupid question. I trade infrequently (once in 2-3 months). I wish to have immediate access to my funds if I get an alert.
Will storing my funds in liquidbees enable me access to buying new stocks the same hour i sell liquidbees?
Like, if I’m not mistaken you can’t utilise the capital from selling shares the same day
On the day you sell shares (LiquidBees) in above scenario, 80% of the sale proceeds are immediately available for trading. The remaining 20% will be available from the next day.
2 Likes
Hello, I was about to try this but I read somewhere the fees would make this not worth it . They told its 15rs + 18% GST.
What does this 18% GST refer to ?
Also, is there the chances of having to sell liquidbees for less than 1000? Has it happened before?
is there any instrument that i can park, then sell and utilize 100% amount?
or any option to move large amount back from bank to trading account? banks has 10lakh as limit for online transaction, which makes this quarterly settlement irritating.
No, whatever you invest in, stocks or ETFs, if you sell on T1 day (BTST), you don’t get proceeds on same day, the funds are credited on the next day. If you are selling settled quantity, then 80% is credited on same day and remaining 20% on the next day.
You can try NEFT or RTGS instead of NetBanking. You can check the process here: How to transfer money to my Zerodha account using IMPS,NEFT or RTGS?
1 Like