Can I get margins against today's sales proceeds?
As per regulatory requirements regarding peak margin rules effective from 9th May 2023, Geojit is no longer allowed to provide an immediate credit of 80% of the sale value for non-pledged shares. This margin credit will be provided on a best-effort basis on T day after blocking the shares for early pay-in.
Please note that 100% of the sales proceeds will be credited to your account on T+1 as per the settlement cycle for the equity segment.
NRIs will get 100% margins only after the trade is settled (T+1).