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.
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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