Order rejections on FYERS can occur due to exchange rules, margin limits, or account setup issues. Each rejection message points to a specific cause. This guide explains the most frequent rejection messages, what they mean, and how to resolve them efficiently.

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

This message appears when you try 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 trading is not permitted.

What this means:
T2T stocks settle on T+1 day. For instance, if you buy Cybermedia (BE stock) on Monday, you can sell it only on Wednesday.

Common segment codes under T2T: TS, BE, BZ, ST, SZ, etc.
Refer to this article for more details.

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

This means your NSE Equity segment isn’t active yet.

Common causes:

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

Resolution:

• Open or link your Demat account.
• If already linked, contact FYERS Support:
  📞 080-60001111 | 📧 [email protected]

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

Your limit price doesn’t follow the exchange’s tick size rule. On FYERS, prices must be in multiples of ₹0.05 — e.g., ₹100.00, ₹100.05, ₹100.10 are valid.

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

Stop-loss orders must logically follow price direction.

For Buy Orders: Stop-loss must be below your limit price.
Example: Buy at ₹500 → Stop-loss ₹480.

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

The disclosed quantity must follow exchange rules.

• Equities: At least 10% of total quantity.
• NSE Commodity: At least 10%.
• MCX: At least 25%.
• F&O: Not permitted.

The disclosed quantity must always be a multiple of the lot size (10, 20, etc.).

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

The trigger price in your Stop or Stop-Loss order is invalid.

Correct logic:

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

Reversing these values causes rejection.

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

Your option strike price is outside the exchange-defined range.

Allowed range:

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

If outside range, place the order as an Overnight (NRML/CNC) order instead.

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

Your funds don’t meet the peak margin requirement — the highest intraday margin used during the day. Occurs when you sell shares in CNC and try to buy them back on the same day.

Fix: Add funds or lower your order size.

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

Your account is restricted until both PAN–Aadhaar linkage and Nomination update are completed. Refer to FYERS’ compliance notices below:

• PAN–Aadhaar Linking Notice
• Nomination Update Notice

10. How to efficiently square-off order-level hedge positions

When trading option strategies like Bull Put Spreads, Iron Condors, or Covered Calls, you hold multiple hedged positions that balance risk and margin. If you close or modify these in the wrong sequence, you might face a rejection or margin shortfall error.

This happens because FYERS’ Risk Management System (RMS) continuously monitors live margin usage. If you close the Buy (hedge) leg first, the Sell (short) leg becomes unhedged, demanding higher margin instantly — leading to rejection.

Why this happens

• The Sell leg requires higher margin.
• The Buy leg provides hedge benefit and margin offset.
• Closing the buy leg first removes that hedge instantly, triggering a margin shortfall.

Correct sequence to square off hedged positions

1. Close the Sell (short) leg first — this releases the higher-margin position safely.
2. Then close the Buy (long) leg — margin remains adequate for smooth exit.
3. Verify both orders are executed in the Order Book.

Example – Bull Put Spread

If you are:

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

Always close the short 15200 Put first, then close the long 14950 Put to avoid RMS-based rejection.

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

Benefits of this approach

• Prevents margin shortfall and order rejection.
• Maintains RMS compliance during exit.
• Reduces risk by removing the higher-exposure leg first.
• Ensures smoother hedge unwind and capital efficiency.

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Last updated: 03 Nov 2025