Why is my MIS/BO/CO position not auto squared off?
Typically the intra-day auto square off timings are as below:
|Particular||Equity/Cash||Equity Derivatives||Currency Derivatives||Commodities|
|Auto square off time||3:20 pm||3:20 pm||4:30 pm||25 minutes before Close|
However, it is important to note that Intraday square off timings can change based on the discretion of our risk management department.
If any intraday position or an MIS trade is not squared off on the same day due to any link or system failure or any risks associated with internet/wireless based trading which may occur at the end of the Client, Zerodha or the respective Exchange, it shall be treated as a Cash and Carry ("CNC") or NRML position and carried forward to the next trading day.
In case of such a situation arising, the onus of squaring off the position will be on the Client. Our RMS desk shall square off any such position, without the requirement of a margin call, if the necessary cash is not available in the Client's account.
For more information, you can check out our Margin policies.