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Delay by Clients in Meeting their Pay-in Obligation : Circular Issued by BSE & NSE

BSE and NSE have detailed circulars on the actions which can be undertaken by the broker or brokerage house to recover the Pay-in obligations by the clients. The circular states that broker can levy the interest charges for delayed payments as per the terms and conditions agreed by the client while executing the relationship forms with the brokerage firm. Have a look at the circular below:

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