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Announcements on #Margins
Thursday, October 16, 2025 3:41 pm
Starting Friday, October 17, 2025 (Beginning of the Day), an additional margin of 2% will be applied to all the variants of Silver Near Month Futures contracts.
| Symbol | Expiry | Additional Margin (%) |
|---|---|---|
| SILVER | 05-12-2025 | 2% |
| SILVERM | 28-11-2025 | 2% |
| SILVERMIC | 28-11-2025 | 2% |
This change is part of regular risk management measures by MCX to ensure market stability and reduce systemic risk.
Please keep this in mind before carrying out your trades.
You can check the MCX circular here.
Tuesday, October 14, 2025 11:26 am
MCX has revised the minimum Initial Margins (IM) and Short Option Minimum Margins (SOMM) for Gold and Silver contracts with effect from 14 October 2025 beginning of the day.
| Commodity | Minimum Initial Margin (%) | Short Option Minimum Margin (%) | MPOR (days) | VSR (%) |
|---|---|---|---|---|
| Gold (all variants) | 7 | 7 | 2 | 4 |
| Silver (all variants) | 11.5 | 11.5 | 3 | 6 |
You can read the MCX circular here.
Tuesday, February 25, 2025 11:15 am
Please note, the following securities will be removed from SEBI’s list of approved securities for Margin Pledge.
As a result, you will not receive margins for F&O trading against these scrips starting Friday, 28 February 2025: Click here for scrip details
NOTE: If you have pledged any of the above, starting 28 February 2025, you will not receive margins pledge benefit and you will be required to fulfil the full margin requirement. If you’re unable to pay, we will have to automatically square off your positions to recover the amount by 3 March 2025.
We have attached a list of these stocks for your reference.
Please review your portfolio and make necessary adjustments to avoid any inconvenience. Thank you for your understanding and cooperation.
Wednesday, August 28, 2024 11:04 am
We would like to inform you that around 1000 scrips have been disapproved by the Exchange from their list of ‘Approved Securities for Margin Pledge’ based on the circular issued on 8th July 2024.
As per the circular, these scrips will now attract a minimum of 60% haircut starting from 1 September 2024. Earlier the haircut was changed to 40% starting from 1 August 2024.
If any of these scrips are already pledged with us, they will attract a higher haircut starting 30 August 2024. Which means, you will need to have additional funds to keep your positions intact.
In case there are any margin shortfalls, your positions will be squared off on or after 2 September 2024 to comply with the margin requirements.
The list of these 1000 scrips and the circular are attached for your reference.
We advise you to review your portfolio and make necessary adjustments to avoid any inconvenience.
Thank you for your understanding and cooperation.
List of scrips removed:** Click here**
Circular:** Click here**
Thursday, July 18, 2024 3:12 pm
We would like to inform you that around 1000 scrips have been disapproved by the Exchange from their list of ‘Approved Securities for Margin Pledge’.
As a result of this, no new pledge shall be accepted for such disapproved scrips starting 22 July 2024.
If any of these scrips are already pledged with us, they will attract a higher haircut starting 29 July 2024. Which means, you will need to have additional funds to keep your positions intact.
In case there are any margin shortfalls, your positions will be squared off on or after 1st August 2024 to comply with the margin requirements.
The list of these 1000 scrips and the circular are attached for your reference.
We advise you to review your portfolio and make necessary adjustments to avoid any inconvenience.
Thank you for your understanding and cooperation.
List of scrips removed:** Click here**
Circular:** Click here**
Tuesday, June 25, 2024 1:25 pm
Please note that the following securities will be removed from the Exchange’s 'Approved Securities for Margin Pledge' list. As a result, you will not receive margins for F&O trading against these scrips starting Wednesday, June 26, 2024:
NOTE: If you have pledged any of these, starting from 26 June 2024, you will be required to fulfil the full margin requirement. If you’re unable to pay, we will have to automatically square off your positions to recover the amount.
We have attached a list of these stocks for your reference.
We advise you to review your portfolio and make any necessary adjustments to avoid any inconvenience.
Thank you for your understanding and cooperation.
Best Regards,
Team Upstox
Friday, October 14, 2022 11:44 am
All ITM Crude Option contracts on 17th October 2022 will be converted into Futures contracts.
To avoid square-off, ensure that you maintain sufficient margin for the Future contracts before 10.00 PM today.
Wednesday, January 5, 2022 8:17 pm
As per SEBI’s peak margin rules, when you sell your stocks from your Demat Holdings, on the same day you can use only 80% of the proceeds to -
- Buy back the same stocks or any other stocks
- Use the funds for intraday trades
However, If you exceed the available credit while placing the above two orders on the same day, there could be a margin shortfall and margin penalty may be applicable.
Example:
-
Let’s say you have 20 shares of ABC in your Demat and you sell them at say ₹1500 per share. From this sell transaction, you can use only ₹24,000 and not the entire ₹30,000.
-
Now, let’s assume you use the ₹24,000 to take both an equity delivery position and also an intraday F&O position on the same trading day. Then a peak margin penalty could be applicable on the intraday F&O trade if you don't have sufficient funds available other than the ₹24,000 credit from selling your holdings.
-
The penalty amount varies on the amount of shortfall.
-
Hence, in order to avoid incurring this penalty, kindly ensure that you have sufficient funds in your account at all times before placing such a trade.
Thursday, December 16, 2021 9:17 am
All stocks under the F&O segment and also stocks from the ‘EQ’ series of NIFTY500 are applicable for availing intraday leverage. Starting from today, 16th Dec’21 this intraday leverage for these stocks will be:
1X for stocks with circuit limits less than 20%. (i.e. 100% funds required in your a/c)
- **Intraday leverage on stocks not falling under the above mentioned category, will be as follows:**
-
5X if exchange margin
-
3X if exchange margin > 20% and
-
2X if exchange Margin > 30% and
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1X if exchange Margin > 50% (i.e. 100% funds required in your a/c)
-
Note: Exchange Margin = VaR Margin + ELM Margin + Adhoc Margin
Some examples of stocks as per the above conditions will be
- IRB has a circuit limit of 5%, thus applicable leverage will be 1x only as per condition 1.
- RELIANCE has exchange margins of 15.75% and thus applicable leverage will be 5x as per condition 2. A.
- IDBI has exchange margins of 25% and thus applicable leverage will be 3x as per condition 2. B.
- ZEEL has exchange margins of 45% and SWSOLAR has exchange margins of 35%. Hence the applicable leverage for these will be 2x as per condition 2. C
- TATAELXSI is security having a circuit limit of 20%, but Exchange Margin is 100%, thus applicable leverage will be 1x as per condition
Tuesday, September 30, 2025 1:02 pm
Starting today, 20th September 2021, you can now place intraday orders with up to 5x* leverage on all NSE 500 stocks!
What’s changed?
Earlier we offered up to 5X leverage only on equity stocks listed under the F&O segment, but now you can avail up to 5X leverage to place intraday orders on all NSE 500 stocks.
Happy Trading!
**Please note: Leverages are subject to change without prior notice at Upstox’s discretion. *