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What is 'eATM Withheld amount' in an eATM transaction and will this amount be released?

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A certain amount of Trade Value is retained against your eATM sell transactions and kept as an eATM withheld amount. This amount is retained for the recovery of brokerage and other statutory levies. The amount retained will be released in Limits after adjustment of recoveries. Once the brokerage process is carried out for that trade date, you can utilize this amount. The payout of this amount will be credited to your account, once the same is processed as per the existing normal equity payout process of T+2 days.

For instance, if you place an eATM Sell order of Trade Value Rs 1,000 at 10:00 AM and the eATM withheld amount percentage is 1%, the eATM withheld amount will be Rs 10 (1% * 1000 = 10). This means you would receive a payout of Rs990 (1000-10 = 990) within a certain duration say 10:05 AM. If the amount of Brokerage and Taxes for this transaction is Rs 5, then the remaining Rs 5 will be released in Limits after adjustment of recoveries. Once the brokerage is processed for that trade date, your payout for the same will be given as per the existing normal equity payout process.


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