What does ‘Convert to Delivery’ mean?
‘Convert to Delivery’ is a feature that allows traders to change an intraday position into a delivery trade. Instead of squaring off the position the same day, the trader chooses to hold the shares for delivery in the Demat account by settling the transaction on a T+1 basis.
How It Works
- Intraday to Delivery:
If you’ve bought stocks under the intraday category (MIS), you can choose to convert them to delivery (CNC) before the intraday square-off time. - Settlement Timeline:
Once converted, the trade moves to the T+1 settlement cycle, where the payment must be made and shares will be credited to your Demat the next day. - Margin Consideration:
Ensure you have sufficient funds in your account to take delivery. If not, the conversion request may be rejected.
When to Use It
- You initially bought a stock for intraday but now want to hold it beyond market hours.
- You decide that market conditions support holding instead of booking intraday profits or losses.
What If...
| Scenario | What You Can Do |
|---|
| You converted to delivery but don’t have enough funds | Add funds before the settlement window closes to avoid auction. |
| You changed your mind post-conversion | You cannot reverse the delivery conversion. Square-off before conversion if unsure. |
| The stock isn’t eligible for delivery | Some stocks traded intraday may not be eligible—check the margin calculator first. |
Tip: Always confirm fund availability and stock eligibility before choosing ‘Convert to Delivery’.
Last updated: 18 Jun 2025
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