I made profits trading intraday today, but it is not updated in my buying power. I am unable to trade using this buying power. Why?
As per the peak margin reporting requirement of the exchanges, profits booked from intraday trades can be used as margins/buying power only from the settlement day. Hence, profits are deducted from your buying power on our trading terminals from the trade day to the settlement day.
You will receive the following SMS when you close your intraday position:
Dear Client,
In accordance with regulations, investors are not permitted to take further positions against T day profits and it will be available only from T+1. Therefore Rs. _______ has been deducted from Buying power today.
- Geojit
The amount given in the SMS is an approximate calculation. You will be able to view the actual intraday profits in your ledger statement/contract note.Still need help? Create Ticket
