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.
I thought it is only for shortfall of margin.
The charges are for whenever your account goes in negative balance as well.
No notice or prior information when the account goes into negative balance.?
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