NSE Circular on Short margin penalty refund

F&O
125

I got refund of penalty on 9th oct 2022. I hope you guys also get refund asap.

I can see it in my fund statement…
“Reversal of upfront margin penalty for NSE-FO”

Thanks Zerodha and Nitin for complying with circular and promptly refunding money. Also thanks for replying users here.

2 Likes
126

@Nakul I don’t see any funds credited showing on my ledger still. My ID is YF7770. Please check again at your end

1 Like
127

@Nakul refund shows on my ledger. thanks !!

129

Hi There,
Still, I didn’t get any responses on my ticket regarding the margin penalties, I am waiting for a long time,
#20221010830525, This is my ticket Number and this was the user_id (VXQ248) !

Please Have a look into my case, Thanks in Advance!

130

Hi, checking this ticket and will share an update here shortly.

131

@ShubhS9 any update on this? haven’t received any refund or update on the ticket.

1 Like
132

Checking this, Gautam.

133

Hi @ShubhS9 Could you please check my ticket 20220918111742.

1 Like
134

Having this checked, Mahendra. You’ll have an update on the ticket.

135

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Thanks, @Pai I got my money back!
I love Zerodha :slight_smile:

2 Likes
136

Hey @cybersarkar, @Gautam, @mahendrakparyani, we’ve initiated the refund. You will see margin penalty reversal entry on funds statement page on Console. You will be able to see the funds added in Kite tomorrow.

137

Yeh @ShubhS9 , I got it! Thanks :slight_smile: love Zerodha :slight_smile:

1 Like
138

@ShubhS9, been more than two weeks but still no refund…

There wasn’t any update provided on the ticket either…

139

Hey Sachin, sorry about this. Will check and get back to you on this.

140

Hi @ShubhS9 as of 10/12/2022, 8:38 PM, I can’t see any update on the ticket or any entries in the console-funds statement page or in the balance sheet. Please look into the same?

1 Like
141

Hey @Gautam, you should have received the refund now. Could you please check?

142

Do you guys refund penalty if ticket is not raised? Am sure so many of them are not even aware. Do you guys still reconcile all the penalty charged and refunded amount ?

1 Like
143

Thanks @ShubhS9 got 20k something out of the 34k. Thanks :sweat_smile: :+1: :+1:

144

We are communicating with customers to check for if there is any upfront margin penalty in their accounts and then asking them to create a ticket for now. As I mentioned earlier, it is hard to calculate what was upfront and what wasn’t for us across the client base.

1 Like
145

Okay Cool. Since I have multiple IDs I had thought of just waiting for some time instead of raising multiple tickets.