What are admin square off charges for intraday positions?
If you’re trading intraday at FYERS, it’s important to square off your positions before the end of the trading day. If you don’t, FYERS may initiate an Admin Square Off, which incurs an additional charge.
What is Admin Square Off?
Admin Square Off is a process where FYERS automatically closes open intraday positions that haven’t been squared off by you before the deadline. This is done to manage risk and ensure positions don’t convert unintentionally into delivery trades.
- Admin Square Off happens between 3:15 PM and 3:30 PM
- You cannot manually exit positions during this time
- The square off can occur anytime within this 15-minute window
Charges for Admin Square Off
- ₹50 per executed order (not per trade)
- 18% GST is applied on top of this charge
- The fee is reflected in your Ledger, not in the contract note
Example
If you had 3 intraday positions and 2 of them remained open at 3:15 PM, FYERS would square off those 2 positions automatically. You’d be charged:
- ₹50 × 2 = ₹100
- GST (18%) = ₹18
- Total = ₹118
What if...
| Scenario | Will Admin Square Off Apply? |
|---|
| I close my intraday trade before 3:15 PM | No, you’ve exited manually |
| I keep a position open past 3:15 PM | Yes, square off will happen |
| I try to close a position at 3:16 PM | Not allowed—Admin handles it |
| I have delivery trades, not intraday | No square off or charge applies |
Always aim to close intraday trades before 3:15 PM to avoid Admin Square Off and the ₹50 + GST fee.
Last updated: 20 Jun 2025
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