Search for an answer or browse help topics to create a ticket
View all categories

Can I use intraday profits made yesterday for today's trades in Zerodha?

Your Kite balance will not include any intraday profits if they are not settled by the exchange.The settlement of funds will happen on the next trading day(T+1) for Futures & Options(F&O) and after 2 trading days (T+2) for equity. This is due to SEBI’s new upfront margin requirements. Click here for more details on the upfront margin requirements.

However, you can continue to see the funds from intraday profits in the closing balance on your Console ledger.

For example -

Suppose on Monday, you buy stocks worth Rs. 2,00,000/- and sell them on the same day for Rs 2,25,000/-. You have made a profit of Rs. 25,000/-(ignoring all the charges). Do recognize, this is an Equity trade and hence settlement is on T+2 basis. In this case, Rs. 2,00,000/- will be available immediately for other transactions. However, the profit of Rs 25,000/- will be available for either withdrawal or to use towards other trades in your Kite funds only on Wednesday as per the equity settlement cycle (T+2).

Further, suppose the T+1 day (for F&O trades) or the T+2 day (for equity trades) is a settlement holiday. In that case, the intraday profits will be available on the next trade settlement day.

If you use these unsettled funds for your trades, a margin penalty may be levied on your account.