What is interest statement in Zerodha console
An interest of 0.05% per day is charged to clients who are having a negative balance in their account. You can refer to this link for more information on interest charges.
The interest statement is a summary of the day wise interest charges for the debit balance on a particular day for a given period of time.
Hi @pankushri, checking this.
We’ve removed the previous and current FY options on the Interest statement page.
@ShubhS9 - When would this amount be debited from funds? I don’t see it in funds statement.
Hi @Anil_Kuppa, the interest charges for the month are debited in the first week of the following month.