Why is 'Withdrawable Balance' displayed in the Withdraw Funds section different from 'Available Margin'?
Clients have to account for the following scenarios when the client displays its withdrawable balance. It is essentially available margin minus the provisioning for deductions for the below-mentioned scenarios -
1) If a client has sold shares, it takes one trading day for the trades to get settled in its Demat account. The money that gets released from this transaction is available to withdraw on (T+1) day only.
2) If clients have taken a position in FnO trades, then the increase in your SPAN requirement gets adjusted from the margin available. Client's M2M value, even if it is positive for the day, doesn't get added on the same day in the withdrawable balance since M2M settlement for all segments is on (T+1) day.
3) Brokerage charges for the trades placed are adjusted from the available margin
4) Any foreseeable charges such as Annual Maintenance Charges, Exchange Transactions charges, Securities Transactions Tax, SEBI Charges, Stamp Duty, etc are also deducted from the available margin and the same will get billed subsequently in the ledger.
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What factors impact 'Available Margin'?
Available Margin will get updated when you: 1) Add funds 2) Withdraw funds 3) Place any order 4) Pledge your holdings for additional margin
What does 'Available Margin' mean?
Available Margin' is the maximum amount upto which you can place trades. It consists of your funds balance (cash deposited with IIFL) and margin obtained by pledging the holdings present in your demat account. Adjustments for trades that you place ...
How available margin is arrived?
Margin = Adjusted Ledger Balance + after hair cut value of stocks Adjusted ledger balance =Ledger balances + Fixed deposit / Bank Guarantee + 1.5 times of Undelivered value of Shares To check your current Available Margin, Click Here
I am not able to find all variables under 'Margin' section earlier in the new version.
In the latest update (v.5.17.11 and above) we have grouped all of the different variables under 'Funds', 'Eligible Holdings' and 'Used Margin' sections. We have done this to make margin calculations more accessible and easier to consume for our user. ...
How client can increase 'Available margin' to trade?
Client can Increase the Margin to Trade by: 1) Adding Funds (We support 35+ banks via Net Banking mode and all banks via UPI mode) 2) Pledging stocks for additional margin. Follow the below steps to increase 'Available Margin' by pledging the stocks: ...