1 day back your Andhrabank margin was about 64000 for 1 lot. Today to my surprise you have increased the margin requirement to 1,18,000.
This is not good. Please revert back.
I found that all other brokers like Upstox, Finvasia, Fyers, etc. all have the margin for 1 lot of about 59000 irrespective of yesterday’s volatility.
Upstox, Fyers, Finvasia margin requirements for carry forward Andhra Bank 1 lot is: Rs.59225
Zerodha was 64000 till yesterday, today Zerodha increased to: Rs.1,18,000
I request you to please look into the matter and be par with other broker margin settings.
Yes, it is. I could not find Futures calculator. But I was comparing other brokers futures calculators and found this. The margin got increased by 100% in 1 day. I am sure Zerodha has a reason and will get back to us. Maybe they decrease in a day back to normal again…
Hahahaha. They are good people. hahahaha. I am just worried that this kind of sudden increase in margin can lead the person’s account wiped out if he is not aware… This is very dangerous.
Well not anymore I guess…today morning and yesterday a lot of people lost money trading with them due to technical glitches in their platform and they are not addressing this issue at all…they do is hang up our calls when contacted
My friend, I just wish that these issues get addressed as this is not right and is dangerous.
This is important for them to address the concerns of the customers, else people can flock to other brokers who are also trustworthy in the business for long time.
Zerodha, please look into the matter. Thanks,. I am sure Zerodha will take a correct action.
Well, I tried calling them to seek help in this matter and after 1hr of waiting an arrogant guy picked up the phone and kept mum when I asked him why this happened…all of a sudden he started shouting and hung up my call…
We are not crying. I am happy with Zerodha and like it a lot. Just raised a query if they can check this thing out. Why I use Zerodha, because I trust it. And also trust the replies and action taken by the team when we write to them.
So, hope that someone from the team sorts this out. Thanks,
Also Andhra bank is under ban thus more margin as specified by exchanges are charged. On a lighter note ,I hope next time you can double check before making any accusation.