How are FNO violation charges calculated?

FNO violation charges are calculated as follows:

• If the overnight margin is less than INR 1 lakh and the margin shortfall is less than 10% of the applicable margin, a penalty of 0.5% of the margin shortfall is levied.

• If the margin exceeds INR 1 lakh or the margin shortfall exceeds 10% of the applicable margin, a penalty of 1% of the margin shortfall is levied.

• If the margin shortfall continues for more than 3 consecutive days or 5 different days in any given month, a penalty of 5% of the margin shortfall will be levied every day beyond the third/fifth day of the shortfall.

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