Short answer

Yes, iRage blocks an additional 0.01% of your turnover for Intraday (MIS) and Cover Orders (CO) in commodity futures and options. This covers Commodity Transaction Tax (CTT), exchange transaction charges, and SEBI charges.

Example scenario

You buy 1 lot of crude oil at ₹6,214.

The margin required is ₹3,58,101.

In addition to this, iRage blocks 0.01% of the transaction value i.e., 0.01% of ₹6,21,400 (₹6,214 × 100, where 1 lot is 100 BBL).

The margin now will be ₹3,58,101 + ₹62.14 = ₹3,58,163.14.

If you close a sell order for the same price, iRage releases the blocked margin.

However, your used margin on Arrow will reflect ₹62.14.

Broker details

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