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. See how.
• If already linked, contact support: 080-60001111 or [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:

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

• 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.

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

Fix: Place the order as an Delivery product 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 'Delivery type' 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 like Bull Put Spreads or Iron Condors, closing legs out of order may trigger margin errors.

Correct Sequence:

1. First close the Sell (short) leg.
2. Then close the Buy (long) leg.

Example: If holding:

• Buy 14950 PE
• Sell 15200 PE

Always close Sell 15200 PE first to maintain hedging.

11. Error: “Unsettled & collateral amount cannot be used for Delivery, MTF, or Options buy orders.”

This message appears when you try to place an order using funds that are either:

• Unsettled (proceeds from a recent sale not yet cleared)
• Collateral margin from pledged shares

Fix: These funds cannot be used for fresh Delivery, MTF, or Options buy orders. Ensure you have enough clear cash margin before placing such orders.

Example: If your balance is ₹8,52,249.58 but includes ₹3,428.68 in collateral/unsettled margin, the system will prompt you to add free funds.

What If...

Last updated: 3 Nov 2025