Short answer

Your PIS account balance differs from what you see on Arrow because iRage reduces certain amounts as part of risk management measures. This ensures sufficient funds remain in your PIS account to avoid delays in bank settlements.

What iRage deducts from your PIS balance

iRage updates your funds on Arrow after reducing:

0.5% of your PIS closing balance

Bank reporting charges of ₹118 (₹100 + 18% GST)

Value of shares you bought

How the calculation works

Scenario 1: No trades placed

PIS closing balance: ₹10,00,000

Deductions: ₹5,000 (0.5%) + ₹118 (bank charges) = ₹5,118

Your Arrow balance: ₹9,94,882

Scenario 2: Trades placed

PIS closing balance: ₹15,00,000

Trade value: ₹9,94,000

Deductions: ₹7,500 (0.5%) + ₹118 (bank charges) + ₹9,94,000 (trades) = ₹10,01,618

Your Arrow balance: ₹4,98,382

Broker details

iRage Broking Services LLP (SEBI registration INZ000011262), product name Arrow. Registered office: Gift City, Gandhinagar.