Below are a few examples to illustrate how interest will be calculated

Suppose you have Stocks worth Rs.2Cr. In your Demat account, an available ledger balance of Rs.15Lac. Here your Networth will be Rs.2.15Cr.

Now you purchase stocks worth 30Lac., then the funding provided by 5paisa will be Rs. 15Lac. Now the interest rate applicable to you will be 0.045% per day, and hence interest charged will be Rs.30 per day

Suppose you have Pledged Stocks worth Rs.6Lac. In your Demat account, an available ledger balance of Rs.0. Here your Networth will be Rs.6Lac.

Now you purchase stocks worth 10,000, then the funding provided by 5paisa will be Rs. 60,000. Now the interest rate applicable to you will be 0.05% per day, and hence interest charged will be Rs.30 per day

Below are a few examples to illustrate how interest will be calculated

Suppose you have Stocks worth Rs.5.85Lac. In your demat account, an available ledger balance of Rs.15,000. Here your Networth will be Rs.6Lac.

Now you enter into a futures contract with Rs.1,00,000 as the required margin, you will need to maintain at least 50% of the order value in cash, thus the cash margin required for the order will be Rs.50,000.

The funding provided by 5paisa will be Rs.35,000 against this required cash margin. Now the interest rate applicable to you will be 0.03% per day, and hence interest charged will be Rs.10.5 per day

Suppose you have Pledged Stocks worth Rs.4Lac. In your demat account, an available ledger balance of Rs.0. Here your networth will be Rs.4Lac

Now you enter into a futures contract with Rs.1,00,000 as the required margin, you will need to maintain at least 50% of the order value in cash, thus the cash margin required for the order will be Rs.50,000.

The funding provided by 5paisa will be Rs.50,000 against the required cash margin. Now the interest rate applicable to you will be 0.04% per day, and hence interest charged will be Rs.20 per day

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