The following are terms of a legal agreement between you and Fyers.
|Transaction Type||Account Name||Depository Participant ID||DP Account Number|
|Shares/Mutual Fund units||Fyers BSE Principal Account||12089400||00139409|
|Shares/Mutual Fund units||Fyers BSE Pool Account||12089400||00139413|
|Shares/Mutual Fund units||Fyers NSE Pool Account||12089400||00000091|
|Pledging of Shares/Mutual Fund units||Fyers Collateral Account||12089400||00283158|
Example: If a client has a collateral margin of ₹5,00,000 and a Cash balance of ₹1,00,000. Say the client is willing to take a position that requires a margin of ₹4,00,000. As the client is not maintaining 50% of the necessary margin in cash of ₹2,00,000 and is short by ₹1,00,000, he/she will be levied an interest of 0.05% per day as a late payment charge on the debit cash balance of ₹1,00,000. (Total margin required is ₹4,00,000, wherein the margin required from the cash balance is ₹2,00,000 and the Collateral margin is ₹2,00,000, respectively)