When is a margin penalty debited to my ledger?

If you incur a margin penalty, the cut-off date for margin reporting is T+5 days. Your account is then charged on T+6, when the penalty report is received from the exchanges.

In other words,
  • If you have a margin shortfall on a trade executed on Wednesdays (T day), 
  • Geojit will report your margin shortfall (if any) to the exchange on T+5 (i.e, next Wednesday). 
  • And your ledger will be debited based on the penalty report received from the exchange on T+6 (i.e., next Thursday).

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