If your FYERS trading account reflects a negative (debit) balance of more than ₹100, a penalty is applied. This is intended to discourage outstanding dues and maintain platform integrity. Let’s break down how the penalty is calculated and applied.
Scenario | Explanation |
---|---|
You have a debit balance of less than ₹100 | No penalty is applied. |
You clear your dues mid-month | The penalty stops accruing from the day the balance is cleared. |
You maintain a credit balance | No penalty is applicable. This applies even if you previously had a debit. |
You are unaware of the penalty being charged | You can verify it in your ledger under 'Journal Voucher (JV)' entries at month-end. |