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How much premium remains blocked if I convert my NRML option position to MIS and square it off?

You can convert an NRML option position to MIS and then square off the position under MIS. In such cases, you will receive 25% of the total premium and the entire premium will reflect in your ledger at the end of the day. 

Alternatively, you can directly square off the position as NRML and the premium will be released immediately. 

Note: The release of premium involving intra-day orders is subject to change based on our RMS policy.