What will be initial margin deposit and maintenance

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Question 1:  On 05-Oct-2018, you find the below specifications for Nov2018 Aluminum Futures in MCX. If you want to long 6 contracts in this future, what will be your initial margin deposit and maintenance margin amount?

Symbol: ALUMINIUM

Delivery Unit: 5 MT (1 MT = 1 Metric Ton = 1000 kgs)

Expiry: 30NOV2018

Last Traded Price: 111.80 / kg

Initial Margin: 4%

Maintenance Margin: 75% of Initial Margin

Reference no: EM132539754

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