Pledge

- If stocks are worth Rs.100000

- Haircut percentage is 15%
- So the value that will be released is 1,00,000*15%= 85,000
- If your ledger balance is Rs. 17,000 or > then you will be provided RS. 85,000
- If your ledger balance is Rs.16,999 or < then you will get 5times of the ledger balance which
is 16,999*5 = Rs. 84,995
- If you have pledged value released of Rs. 84,999 and if you are utilizing only 55,000 for 2
days then you will be charged interest on rs.55,000 ( 2/30*55000)

I pledge shares worth 1 lakh , I am expected to maintain 20000 cash . Assuming I always have 50000
or any amount greater than 20000 . Do I have to pay daily interest charge ??