If I don’t have enough cash in accout to cover my annual demat charges, is there any penalties ?
In such case your account will go into negative balance and there will be interest charged at 0.05% per day until you infuse funds.
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I thought it is only for shortfall of margin.
The charges are for whenever your account goes in negative balance as well.
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No notice or prior information when the account goes into negative balance.?
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Brokers transferring idle amount to bank account regularly as per guidelines. How we can maintain demat charges for over a year. Without going negative balance. Ty