Why was my position squared-off?

Your position may be closed for one of the following reasons: 
  • Time-based square-off; all open intraday cash and F&O positions are closed at 3:15 p.m. 
  • You have not maintained the required margins for a position.
  • If payments for buy trades are not received before the settlement pay-in time stipulated by the exchange, these shares are sold from Geojit's CUSPA (Client Unpaid Securities Pledgee Account)  to the extent of the due amount. 
  • To recover outstanding dues/dishonoured cheques.
  • For physically settled derivative contracts, F&O contracts of the current month need to be rolled over/closed two days prior to the final settlement day. If the margins/ securities required for the position are not maintained in your account, it will be squared off. 
  • For commodity derivatives, if requirements for valid delivery are not met on or before the start of the delivery period, the position is squared-off.

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