The following are terms of a legal agreement between you and Fyers.
Transaction Type | Account Name | Depository Participant ID | DP Account Number |
---|---|---|---|
Shares/Mutual Fund units | Fyers BSE Principal Account | 12089400 | 00139409 |
Shares/Mutual Fund units | Fyers BSE Pool Account | 12089400 | 00139413 |
Shares/Mutual Fund units | Fyers NSE Pool Account | 12089400 | 00000091 |
Pledging of Shares/Mutual Fund units | Fyers Collateral Account | 12089400 | 00283158 |
Example: If a client has a collateral margin of ₹5,00,000 and a Cash balance of ₹1,00,000. Say the client is willing to take a position that requires a margin of ₹4,00,000. As the client is not maintaining 50% of the necessary margin in cash of ₹2,00,000 and is short by ₹1,00,000, he/she will be levied an interest of 0.05% per day as a late payment charge on the debit cash balance of ₹1,00,000. (Total margin required is ₹4,00,000, wherein the margin required from the cash balance is ₹2,00,000 and the Collateral margin is ₹2,00,000, respectively)