What is a Buy Today Sell Tomorrow (BTST) order?
BTST (Buy Today Sell Tomorrow) is an order product type wherein you can place a buy order and sell it on the settlement day. It is a leveraged product offered by Geojit for clients to carry forward a cash/delivery purchase by paying only a margin.
If your BTST position is not squared-off on T+1, the securities will be converted to a cash/delivery position and treated as per the CUSPA guidelines.
On settlement day, you are advised to assess the risks associated with selling of shares to avoid any shortfall in securities pay-in, which may lead to short delivery auction.
Interest is charged on open BTST positions.
| Day | Interest* |
|---|---|
| T to T+1 day | NIL (to buy today and sell tomorrow) |
Interest-free BTST is not available for accounts with existing debit positions.
To place a BTST order on SELFIE / FLIP/ TraderX:
Select the Product as BTST in the order placement window.* NRI clients are not eligible to place BTST orders. * The BTST order facility is available only for securities approved by Geojit and can vary from time to time. Check the latest BTST eligible stock list. * Read more on the margin requirements to sell shares. *We are transitioning to T+1 settlement for equity trades.
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