What is Kill switch?
If you want to disable a particular segment or take a break from trading, you can use the kill switch feature and temporarily disable the segment. This is part of the nudge initiative to help traders from burning out due to over-trading.
To disable a segment:
Log in to the account section on Console and choose the segments you wish to disable and confirm; this will check if you have any open orders or positions. In the absence of any open orders or positions, the segment is deactivated within 5 minutes.
To enable a segment that was disabled previously:
Once disabled, you will be able to enable it back in 12 hours using the same option. You can change the button and confirm for the segment to be enabled. Once the segment is enabled, you can start trading instantly.
What happens to my GTT/Basket orders, SIP orders?
Once the GTT is triggered, if the segment is disabled, your orders are rejected. The same is applicable to basket orders and SIPs that get triggered.
Note: Even if you disable a segment, your demat account is still open with us. Hence, you will be charged the AMC applicable to your demat account.