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Usually, we get asked the question “How long does it take for my deposit to clear and to be used as trade-able margin on my account?”
If the transfer is happening from a registered HDFC bank account, the client will be given trade-able margin immediately. However, if the transfer is happening via NEFT or RTGS, we will need 3-4 hours to update the margin. For instant margin transfer, you should use our built-in pay-in facility that supports over 25 banks.
It is therefore recommended that once you open your account with Upstox, you transfer funds earlier than later in order to not waste a trading opportunity! If you have any specific margin related questions, visit our Margins section in Knowledge Base to learn a lot more.
This is a question that gets asked a lot by newcomers. Margin is another term used to describe your buying power. For example, if you deposit Rs. 50,000, you have Rs. 50,000 in trade-able margin. If you are looking to do intra-day trading, Upstox will provide trade-able margin so that you can potentially use more than Rs. 50,000. That is, if you close the position within the same day.
Therefore, if you were to open an account today, you could potentially be trading within the same day with Upstox.
Read more to know what is margin.