At FYERS, order rejections can happen for various reasons such as exchange validations, margin limitations, or account-related compliance issues. Each rejection message indicates a specific cause. This guide explains the most common order rejection messages, what they mean, and how you can resolve them efficiently.

1. Error: “This scrip is in T2T segment and cannot be squared-off until settlement.”

This message appears when you attempt to trade a stock listed under the Trade to Trade (T2T) segment. T2T stocks can only be traded on a delivery basis; intraday or BTST trades are not allowed.

What this means:
T2T stocks settle on T+1 day. For example, if you buy a BE-segment stock on Monday, you can sell it only on Wednesday.

Common segment codes under T2T: TS, BE, BZ, ST, SZ, etc. For details, refer to this article.

2. Error: “Client not allowed to trade in NSE Equity.”

This means your NSE Equity segment is not yet activated.

Common causes:

• Your Demat account is not linked to your FYERS trading account.
• Your new account is awaiting UCC (Unique Client Code) activation.

Resolution:

• Open or link your Demat account.
• If already linked, contact our support team at  080-60001111 | [email protected]

3. Error: “Limit price should be in multiples of 0.05.”

This happens when the entered limit price does not follow the exchange’s tick size rule. All orders must be placed in multiples of ₹0.05 (e.g., ₹100.00, ₹100.05, ₹100.10).

4. Error: “Stop loss should be less than limit price.”

Stop-loss orders must follow logical direction:

• For Buy Orders: Stop-loss must be below your limit price (e.g., Buy ₹500 → Stop-loss ₹480).
• For Sell Orders: Stop-loss must be above your limit price.

5. Error: “The disclosed qty for the symbol should be multiple of lot size.”

The disclosed quantity must follow exchange rules and be a multiple of the lot size.

• Equities: Minimum 10% of total quantity.
• NSE Commodity: Minimum 10%.
• MCX: Minimum 25%.
• F&O: Not applicable.

6. Error: “Provide a valid trigger price for placing an order. Your trigger price should be less than the LTP.”

This occurs when the trigger price in your Stop or Stop-Loss order is invalid.

Correct logic:

• Stop-Buy Order: Trigger above LTP.
• Stop-Loss Sell Order: Trigger below LTP.

Reversed trigger placement will result in rejection.

7. Error: “Strike price is beyond the allowed intraday execution range.”

This rejection appears when your option strike is outside the exchange-defined intraday range.

Allowed Range:

• Index Options: ±15% from the underlying spot price.
• Stock Options: ±10% from the underlying.
• MCX Options: ±20%.

To proceed, place the order as an Overnight (NRML/CNC) type instead.

8. Error: “Insufficient margin due to peak margin rule.”

Your funds do not meet the peak margin requirement (the highest intraday margin used during the day). This commonly happens when you sell CNC shares and repurchase them on the same day.

Fix: Add more funds or reduce your order quantity.

9. Error: “Non-compliant account due to Aadhaar–PAN seeding / Nomination.”

Your account is temporarily restricted until you complete both PAN–Aadhaar linkage and Nomination update. Refer to these official FYERS notices:

• PAN–Aadhaar Linking Notice
• Nomination Update Notice

10. How to Efficiently Square Off Hedge Positions

When trading option strategies such as Bull Put Spreads, Iron Condors, or Covered Calls, you hold multiple hedged positions that balance risk and margin. If these are closed in the wrong sequence, your order may be rejected due to margin shortfall.

This occurs because our Risk Management System (RMS) continuously monitors real-time margin exposure. Closing the Buy (hedge) leg first removes your protection, causing the Sell (short) leg to become unhedged instantly, which increases margin requirements.

Correct Sequence to Exit Hedge Positions

1. Close the Sell (short) leg first to release higher margin safely.
2. Then close the Buy (long) leg to maintain hedge continuity.
3. Confirm both orders are executed in your Order Book.

Example: Bull Put Spread

If you hold:

• Long 14950 Put (Buy)
• Short 15200 Put (Sell)

Always close the short 15200 Put first to avoid RMS-based rejection and margin shortfall.

Close the short leg first in the Order Book to maintain margin continuity.

Benefits of This Approach

• Prevents margin shortfall and rejection.
• Maintains RMS compliance during exit.
• Reduces exposure by releasing higher-margin legs first.
• Ensures smoother hedge unwinding.

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Last updated: 03 Nov 2025