Important Notice: Peak Margin Update

With reference to the SEBI circular dated 20th July 2020; Peak Margin has been introduced in Equity, Commodity & Currency segment from 1st December 2020.

These guidelines are meant for safety, transparency and smooth functioning between the broker and clients. Based on these regulatory changes, there will be an increase in peak margin % reporting from 1st June 2021 which will have its effect from May 28, 2021 (for trades executed in the Cash segment) and from May 31, 2021 (for trades in the F&O segment) from the existing 50% peak margin to 75% peak margin.

How Does It Function

In case of Equity Cash Segment

If you have a margin of Rs.100 in the form of ledger credit or shares pledged or a mix of both, then you can trade intraday maximum of up to 6 times of trade value in the cash segment. This means you can buy/sell stocks worth Rs. 600 at a single time.

Secondly, you can buy/sell multiple times also and it may cross Rs. 600 by square-off of earlier trades. For e.g. You buy for Rs. 600 and then sell, you buy again for Rs. 600 and then sell; and so on. At the end of the day, you can carry over the trade value of Rs. 500 only.

In case of Derivatives

In Derivatives (FNO, Currency, Commodity) you can trade a maximum of 1.25 times of margin available in your account.

Example: If you have a margin of Rs.100 in the form of ledger credit or shares pledged or a mix of both; in intraday, You can take a position worth of margin Rs. 125 only. You can trade multiple times as mentioned but at the end of the day you can carry over a position worth a margin of Rs.100 only.

Note: This leverage is for intraday trades only.

We urge you to take note of these points and comply with the peak margin and EoD margin requirements before placing orders to avoid monetary penalties.

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Instant Funds Update

Looking for Cash Margin! We offer you an Instant Funds Update Facility with Leading Banks, Transfer on the below bank detail to get instant credit against your funds!

Bank Details (YES Bank)

Name: CHOICE EQUITY BROKING PRIVATE LIMITED
Bank: Yes Bank
Account Type: Current
IFSC Code: YESB0CMSNOC (Fifth character is number zero)
MICR Code: 400532047
Account No.: CHOIEQXXX000

Note: If your client code is XXX000, then add CHOIEQ XXX000 as the Account Number.

Bank Details (HDFC Bank)

Name: CHOICE EQUITY BROKING PRIVATE LIMITED
Bank: HDFC BANK LTD
Account Type: Current
IFSC Code: HDFC0000060
MICR Code: 400240015
Account No.: CHOICEXXX000

Note: If your client code is XXX000, then add CHOICE XXX000 as the Account Number

Note: The above bank details can be used as Payin for Equity as well as for the Commodity segment.

For more information write to us at customercare@choiceindia.com or reach out to us on 8824242424.