You can't now use the proceeds from selling shares for 2 days

Yeah.

EPI is available at Zerodha.

I am new here, sorry if this has been asked before.

Suppose I have 10000 rupees in my account Monday. I make a profit of 3000 in one trade in the morning. I take another trade the same afternoon and make a loss of 2000. My understanding is that the 2000 loss is realised immediately but the 3000 profit will be available on Wednesday morning. So my balance on Tuesday morning will be 8000?

Also any profits made on Thursday will be available only from Monday morning or will I be able to see it on Saturday/Sunday?

Right. The loss you make gets deducted from your account, the profit you make will be available in T+2 working days for Equity and T+1 working day for F&O.

Settlement happens only on working days, Saturday and Sunday are holidays, so profits made on Thursday will be available on Monday.

1 Like

@ShubhS9 i observed this the other day
I had only Rs 78 in my account
I sold my bajajfinserv from holding but was able to buy it back for a profit resulting in intraday trade. I thought sales proceed cannot be used in this scenario but system allowed. Will this restriction be applicable from dec?

This is old thread, after this there were some changes made, as we do pay-in of securitues on same day under Early Pay-In mechanism, this allows one to use sale proceeds immediately to trade. This has been explained here.

1 Like

@ShubhS9 not that of buying other shares sir. I bought back same sold shares for intraday profit. Is that also now allowed?

It is very much allowed now …not sure about any changes which will be there in December .yes @ShubhS9 can guide .

You can do it, there has been no change.

If there are any changes we will update :slightly_smiling_face:

5x leverage even for commodities too? after sep 21?

No intraday leverage in F&O (Equities, Currency, Commodity) from September 2021, you will need full SPAN + Exposure margin. Explained in detail here.

In this digital age it takes milliseconds for transactions to take place. T +2 days were concepts and requirements from pre digital times. Dont tell me digitally it will take T +2 days time for system to pass all the validations. In the normal process there shouldn’t be any manual intervention at all. SEBI is just hoodwinking retailers. Its a huge scam by sitting on crores of rupees over three days

1 Like

SEBI don’t sit on crore of rupees. They just create rules and regulations.

This all things happen between brokers and exchanges. once stock will get debit and credit early. funds will settled early.

waiting to happen this in realtime :smiley:

I have never said SEBI is sitting on it. But does the settlement happens manually in this digital times? Your shares are transferred between DMAT accounts. Just like any fund transfer in banking system. How much time it takes?

3 Likes

@anon31396786 meanwhile u wait for real time demat settlement sebi will block 100% sales proceed until t+2 . Keep waiting

1 Like

until now, we were using other clients money until funds are settled.

I think these decisions are right to prevent brokers to get default.

I can’t see profit from 16th Dec on 18th Dec in opening balance.

Can you please tell me when does profits are settled.

Eq intra profit should show, if not you can create ticket.

@siva can you include a tab in funds page in kite - intraday p/L

Yeah, will take some time though.

1 Like