Features of Call Money
The features of Call money in India are listed below. It differs from long-term loans as it does not have standard principal and interest payments. For more details, read the below points.
- Brokers use this money as a small funding source to keep margin accounts open for customers who want to support their investments.
- Funds are transferred swiftly; hence, it is the second most runny asset, following cash.
- The interest rate, also known as margin rates charged on loans, differs according to the call money rate developed by banks.