There won’t be any margin block in case if you had positions which are expired. Since there is no margins blocked for expired one, free settled funds are available for withdrawal.

Usually EOD SPAN file available from CC at around 5:30PM and gets uploaded by 5:45PM.

Thanks for the prompt reply. In my example I had stated taking Rs. 50 lakhs worth of position using collateral stock margin only without having any cash margins. As you have stated that there won’t be any EOD margin requirement for expired positions, I presume no interest will be charged for 50% cash margin shortfall even though the EOD margin will be blocked in the terminal for overnight and will be released only the next day morning. KINDLY CONFIRM WHETHER MY PRESUMPTION IS CORRECT.

I have one another continuation question in this regard. Let us say I bring in Rs. 25 lakhs cash margin so that the Rs. 50 lakhs positions taken on the expiry day (and expiring the same day at 3.30 pm) comprises of Rs. 25 lakhs stock margin + Rs. 25 lakhs cash margin.

Let us also say that, after taking the above positions, I still have another Rs. 50 lakhs of unutilized stock margins that I now use for taking index options positions that expire only the next week and will be carried forward overnight after today’s weekly expiry. I have taken these overnight positions without 50% cash margin on the expectations that upon expiry of this week’s positions at 3.30 pm (without me closing the same before 3.330 pm), the Rs. 25 lakhs cash margin blocked will get released and will get utilized towards the 50% cash margin requirements for the next week’s expiry positions to ensure that there no interest gets charged for shortfall in cash margin requirements on overnight positions even though the EOD margin will be shown as blocked in the terminal for overnight and will be released only the next day morning. KINDLY CONFIRM WHETHER MY PRESUMPTION IS CORRECT.

@Anath, thanks for your feedback. The terminal shows that EOD margins are blocked even by 11.00 pm:

1. even after the positions expired at 3.30 pm,
2. even after the EOD span file is run as you say at around 5.45 pm,
3. even during the old peak and EOD margin requirement stipulations before 02.05.2023 and even after the new stipulations from 02.05.2023.

And hence my confusions and queries on when margins get freed up after expiry of positions at 3.30 pm on the weekly or monthly expiry days and the consequential queries on interest for shortfall in cash margin requirements.

As there is no EOD margin requirement for expired positions there won’t be any interest charges on the utilized collateral margins.
Interest will be charged only if a 50% cash margin is not maintained for the non-expired carry-forward position

@Ragavendran_M

Thanks for clarifying one of my biggest doubts. I’ve placed my trades accordingly in the weekly expiry day today letting the index options expire worthless while pocketing the premiums.

One portion of my query remains unanswered. Please have this too clarified. Let’s say that the expired positions at 3.30 pm on the expiry day will free up Rs. 25 lakhs of cash margin. When will this freed up cash margin be used for funding any non-expired carry forward position taken solely based on stock margin only and banking on the freed up cash margin to avoid interest charges – on expiry day EOD or the next day BOD?

In other words, will the non-expired carry forward positions on the expiry day (Thursday) be spared from being hit with 50% cash margin shortfall penalty for Thursday to the extent of the Rs. 25 lakhs that got freed up at 3.30 pm on the expiry day? It sure will be spared on next day (Friday) BOD, but what about Thursday EOD?

No interest will be charged on Thursday EOD as the margin is freed up from expired positions and can be utilized for existing open positions.

Thank you for clarifying all my queries and doubts. I have no further queries.

For yesterday, there’s some discrepancy between the Margin Statement sent out via email & the one which can be downloaded through Console. In the Console one, the EOD margin is showing roughly the same margin which had been left yesterday at market close, but in the Email one, it’s totally different. In the Email one, the EOD margin matches with the Fund Statement on Console.

After the 2nd May update, you normally see the EOD margin on Statement close to what you usually leave on Kite at 3:30, so that makes you think the Console one is right, but that doesn’t tally with the Span + Exposure blocked as shown on Fund Statement on Console, so if Email Margin Statement is the correct one, then that means there was some additional margin blocked by Zerodha yesterday, which is not a great thing…

@Arun_Gowda Can you get this checked?