Cash Margin Debit/Credit Process
What forms of Margin are acceptable for taking Margin positions?
In order to take margin positions, margin can be given in the following forms:
- Cash (by way of allocation of funds from your bank account)
- Specified securities (by way of blocking securities allocated from your Demat account in favour of ICICI Securities).
Will any Margin get debited if I have taken position by blocking shares in my Demat Account?
No. In case the total margin required on your total open positions is met by the blocked shares alone, in such case no funds would be debited as margin from your account even if there are idle funds lying in your linked bank account. However, margin will get debited in any of the following scenarios:
- In case the total margin required on your total open positions is partially met by the blocked shares, in such case the balance required margin amount at end of day shall get debited from your bank allocation in Equity from your linked bank account.
- In case there are no blocked shares in your account, then the entire required margin amount at end of day shall get debited from your bank allocation in Equity from your linked bank account.
When will Margin be debited from my linked bank account?
Margin shall be debited from your linked bank account at end of the day from your Equity allocation to the extent of limit utilized after adjusting shares as margin available and blocked against the total margin blocked against your Pending for Delivery Positions (PFD) on PFD page.
Can the blocked margin get released?
No. The blocked margin cannot be released as that is the required margin against positions. However, please note in case the initial margin blocked in ‘Pending for Delivery’ page is reduced then the debited I-Sec Margin will be credited to Equity allocation of your linked bank account at the End of the day after adjusting shares as margin.
Where can I see the Margin amount debited from my linked bank account?
You can see the Margin amount on Equity limit page under I-Sec Margin amount in your trading account. Also, you can visit ‘I-Sec Margin History’ link on ‘I-Sec Margin Details’ page to see the historical records of I-Sec Margin debit or credit.