This is an important update regarding the cash margin requirements for Futures and Options (F&O) trading guidelines set by the SEBI & Stock Exchanges.

The regulators require Clearing Member/Trading Member to maintain at least 50% cash or cash equivalents and the remaining 50% in terms of non-cash collateral (Approved by Clearing Corporation [CC]) margin towards total margin requirements at any point in time.

Accordingly for F&O positions, we request you to maintain 50% margin in the form of cash or cash equivalents (collateral) and 50% in terms of non-cash collateral. In case sufficient cash margin is not maintained, the shortfall funds will be deployed by Axis Securities Limited (ASL) and subsequently there will be interest charged on the shortfall amount deployed by ASL.

As an Axis Direct customer you have the following choices:

1. Pay interest on the Shortfall Margin until you square off the position

2. Request to debit the shortfall amount from your linked bank account (Only if you have an Axis Bank account linked to your trading account and you have enabled auto pay by giving us a Bank Mandate Letter (BML))

3. Fund your ledger (Trading account) by the Shortfall amount (Partial or Full) by end of the day, please click on the following links to know how to add funds in your trading account:

Click here to know how to add funds on the Swift Trade platform

Click here to know how to add funds on the RING Mobile app

To opt for your choice you can either write to use on our E-mail ID helpdesk@axisdirect.in or Contact Us or you can click here to raise a request >> Select 'FnO 50:50 Margin Shortfall' under 'Category' >> then select the 'Sub Category' as 'Debit Shortfall margin from my Bank account' or I agree to pay Interest on Margin Shortfall'

4. Pledge securities which are considered as Cash Equivalents by the exchange, please follow the steps mentioned below to know the list of securities accepted by the exchange as Cash components:

1) Click Here to open the NSE circulars page

2) Search for 'Revised list of Approved Securities and Approved Banks'

3) Look for 'NSE Clearing Capital Market' under the 'DEPARTMENT' column

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