What is the difference between Intraday, Overnight/Delivery, and MTF in the order panel?
When you place an order on FYERS (Web, App, or Trader), you’ll see three product options in the order panel—Intraday, Overnight/Delivery, and MTF. These decide how long you can hold the position, whether funding is allowed, and how margins are applied.
Differences at a glance
| Product type | Meaning | Holding period | Margins / funding |
|---|
| Intraday | For trades opened and closed on the same day. | Same trading day only (position is squared off near market close if not closed by you). | Leverage available as per segment and RMS policy. No interest charges. |
| Overnight / Delivery | For carry-forward positions. In equities this is Delivery (CNC); in F&O it’s Normal (NRML) carry-forward. | Can be held beyond a trading day—until expiry (F&O) or until you sell (Equity). | Full margin as per exchange; no funding cost. |
| MTF (Margin Trading Facility) | For buying eligible equity shares using partial funds; the balance is funded by FYERS. | Can be held long-term per SEBI’s MTF guidelines, subject to maintaining margin. | Leverage on approved scrips; daily interest applies on the funded portion. |
Intraday positions not squared off manually will be closed by FYERS RMS near market close, and square-off charges will apply.
MTF is available only for eligible clients and approved stocks. You must maintain required margins and collateral at all times to avoid liquidation of your positions.
For step-by-step guides, see how to place an Intraday (Market) order and how to place an MTF order.
Last updated: 11 Sep 2025
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