Margin confusion in Kite - normal and basket order

[samsingh]

Hello,

When I want to sell 34000PE, margin is shown as 1.47 Lakh

But, when I try to enter basket order, final margin is shown as 1.27 Lakh

So is it that before taking position, I need 1.47 Lakh, but after taking position, its reduced to 1.27 lakh ?

[Ragavendran_M]

After you took the position, you will receive a premium credit of Rs.20175 ( 25*807) so only the final margin becomes less.

[Prateek_Malpani]

Is the credit instant or is it EOD (post settlement) ?

[Ragavendran_M]

Credit will be instant ( Because of that only final margin got reduced from the required margin), it will reflect in the cash margin the next day.