Are you serious? what’s the point of this rule? rule has had a negative impact, as it caused me to lose the opportunity to make a instant withdrawal when it was needed the most. Closed positions have no direct relevance to the withdrawal process. Given that so many traders operate on daily basis on zerodha, instant withdrawal feature seems unnecessary and offers no value to the majority of your clients.
Can you make some changes in instant withdrawal.
Let say I have open position in long options and I have excess funds. Can you allow to withdraw those funds instantly.
Margin is not going to increase in option buying. Right ? So it is safe to withdraw excess funds.
You can disable this feature on T - 5 days on expiry.
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There is one more withdraw option " Invest in Zerodha AMC LIQUIDCASE"
At what price will my funds will be invested?
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A limit order will be placed at the last traded price (LTP)
It would be safer to place the order at whichever of the following is lower:
- The last traded price
- The iNAV price plus 0.01 or 0.02 INR
As a precaution to avoid highly unlikely edge-case scenarios.
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Maybe a limit order at best offer available is best option here.