What does net across exchanges mean?
The “Net across exchanges” is a combined outstanding balance from both exchanges put together. It doesn’t matter whether the mail comes from BSE or NSE.
Why current cash balance is negative in sharekhan?
There could be negative balance in your Account due to reasons like charges debit, inadvertently processing buy orders without available balance etc.In the event your Account is liquidated, you will be liable for any resulting losses and all associated costs incurred by Sharekhan.
What is Auction penalty in share market?
2. Auction Penalty. If you have sold XX shares and you fail to deliver them, the exchange will conduct an auction and buy these shares in the auction market to deliver them on T+3 day. In such a case, the defaulter (In this case, you) has to pay a penalty to the exchange which is called the Auction Penalty.
How do I check my Upstox balance?
1) Login to the Upstox app or website. 2) Visit the ‘Refer and Earn’ section. 3) Go to ‘Your Earnings and Referrals’. 4)The amount reflecting under ‘Withdrawable’ is your current referral ledger balance.
How can I close my demat account?
- When you want to close your Demat account, you have to visit the Depository Participant’s office and have to submit a Demat account closure form and the necessary documents along with it.
- You can also download this form from the website of the Depository Participant.
What is value after haircut in Sharekhan?
Haircut – The percentage by which the market value of your shares is reduced for the purpose of calculating capital requirement, margin and collateral levels by your broker.
How auction penalty is calculated?
T+3 Closing Price + 7\% or Highest Traded price between T and T+2 day whichever is higher. (ii) Market Auction: Valuation price is calculated for the penalty by Exchanges. The logic of the price is Highest trade price between T & T+2 day or Official auction marketing closing price on T+3 + 20\% whichever is higher.
When can I withdraw money from Upstox?
If you’re using the updated version of the Upstox app, read this:
| Trading Day | Withdrawal request time | TAT |
|---|---|---|
| Monday – Friday | After 8.00 AM | By 2:00 PM on the next working day |
| Saturdays (1st or 3rd Saturday) | Before 8.00 AM | By 2:00 PM on the same Day |
| Other days or public holiday | Any time | On the next working day |
What is used funds in Upstox?
‘Used funds’ shows you the total amount that you have utilized, against any open or closed positions. Whenever you place an order request, the required margin gets deducted from the ‘Available to trade’ and gets added to ‘Used funds’.
Can I transfer my demat account?
Transferring your shares from one demat account to another is also possible. However, when you shift shares from your one demat account to another; the ownership remains the same, which means that there is no tax implication, and consequently, no transaction implication as well.