SEBI has given information wherein client will HAVE TO maintain VAR margin for Intra Day as well as For Delivery also, on daily basis.
For Ex : TATAPOWER VAR Margin is suppose 15 % And you have 15000 NETT credit in your ledger as on today, you can buy stocks worth of ONLY 100000 for intra day and even for delivery.
If you fail to make it, you will be charged 0.50 % penalty on shortage of margin amount if if it is less than 1 Lakh, but if margin shortage is above 1 Lakh than penalty on that shortage amount will be 1 % ON DAILY BASIS on both the cases, till you square off the position or pay for the shortage and clear it.
Please note that now you can not even do intra day also over and above the VAR margin available, if you do it than penalty will be charged as explained above.
Investors now need to deposit the value at risk margin (VaR), extreme loss margin (ELM), mark-to-market margin (MTM), delivery margin, special/additional margin or any other margin as prescribed by the stock exchanges at the time of placing an order.
ALSO PLEASE DO YOUR OWN STUDY TO GET MORE KNOWLEDGE ON THIS, TO BE CONFIDENT AND FULLY INFORMED
SO PLEASE NOTE IT, READ CAREFULLY AND MAINTAIN SUFFICIENT CREDIT AND MARGIN IN YPUR LEDGER ON DAILY BASIS, TO AVOID PENALTY ON DAILY BASIS
THIS IS VERY VERY IMPORTANT CIRCULAR