Why was the sell Good Till Triggered (GTT) order rejected?
The GTT order can be rejected for various reasons, including:
- Holdings not authorised using CDSL TPIN for sell GTT orders: Sell GTT orders need to be pre-authorised using CDSL TPIN if the trading account was opened without submitting the physical POA or DDPI. To learn more about CDSL TPIN and its usage for selling stock holdings, see What is the CDSL TPIN and how to use it to sell the stock holdings? The authorisations are valid for only one day, and a fresh authorisation must be made every trading day after 8 AM, as the holdings are updated on Kite by that time.
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Insufficient holdings in the demat account:
When a GTT is triggered, a limit order is placed on the exchange. If there aren't enough holdings of the specific stock in the demat account, the GTT order will be rejected.
- Series change or suspension of the share: GTT orders are rejected if the shares have undergone a series change. To learn more, see What do the different groups on NSE and BSE mean? and What does suspension of trading in a stock mean?
- Segment disabled using Kill switch: If the segment is disabled using the Kill Switch mechanism, GTT orders triggered within that segment will be rejected. To learn more, see What is Kill Switch?
Did you know?
- A GTT (Good Till Triggered) for the equity segment is valid for one year from the placement date. After one year, the GTT is automatically cancelled, but it can be re-created if necessary.
- One account can have a maximum of 250 active GTTs simultaneously.
- An email notification is sent whenever a GTT is triggered, and an order is placed on the exchange. Before placing a GTT, please review the terms and conditions by visiting zerodha.com/tos/gtt.
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