Handling of Fixed Deposit (FD) created on my behalf from ledger.
In the case of clients who
have opted for fixed deposit from the ledger, any unutilized margin on the day
of settlement payout will lead to liquidation of the FDR. The interest rate
will be reduced based on tenor, and a prematurity penalty will be applicable.
In case you have any unused funds, they will be transferred to your
registered bank account. Use the IIFL Markets app to add funds back to your
account to avoid any cash shortfall penalties and experience a seamless trading
process.
Related Articles
How fixed deposit from ledger will be treated?
In case you have opted for fixed deposit from ledger, any unutilized margin on the day of settlement payout will lead to liquidation of fixed deposit. Interest rate will be reduced based on tenor and Prematurity penalty will be applicable.
Is NCD a Share or a fixed deposit?
NCD is neither a share nor fixed deposit. It is similar to fixed deposit in the sense that, the return and tenure is fixed.
What is the difference between NCD and FD?
Non-Convertible Debentures (NCD) are fixed income instruments issued by companies to raise funds to meet various financial goals. They are issued for a fixed tenure and offer a fixed rate of returns to the investor. Non‐Convertible Debenture is a ...
Why Document handling charges are getting charged in my client account?
Document handling charges levied on your client account are for generating physical contract notes, client can deactivate the physical contract note mode online. Please inform them to follow these steps: 1. Login to our trading website 2. Click on My ...
Why document handling charges are charged?
Document handling charges are applied when emails containing contract notes, margin statements, or any other important financial documents bounce back due to issues such as unsubscribing of email addresses or full mailboxes. These documents are ...