Tejas Khoday
I was charged Short Margin Penalty for trade date 21/06/2022. I got a call from Fyers at 10.57 AM informing that there was a margin shortfall in my account and I squared off a position before 10.59 AM. Yet I was charged Rs 2100.96 as the penalty.
I had faced something similar for trade date 12/05/2022 too. Then too I had squared off a position, and yet I got penalised.
My query is - if an account gets flagged for short margin, it (appears that it) will be penalised. Then why the hurry to get the shortfall cleared? Wouldn't it be better just to inform the client that their ID has been flagged for the day and ask them not to carryover the shortfall to the next day, rather than insisting on clearing the shortfall immediately?