Why was my order rejected with the reason "Order Value is greater than Maximum"? What is the quantity freeze limit / maximum order quantity for F&O?


Quantity Freeze Limit is a risk control measure introduced by NSE for the F&O segment. It is the maximum number of contracts (in terms of quantity) that can be bought/ sold in a single order.

For example, the quantity freeze limit for NIFTY futures is 1,800. That is, you cannot buy/sell more than 1800 contracts (quantity) in a single order. With a lot size of 50, this translates to not being able to buy/sell more than 36 lots in a single order. If you place an order above this limit, it will be rejected.

  • The limit for equity (NSEFO) and currency (NSECD) orders is capped at Rs. 5 crores per order.
  • For index contracts, the order limit is based on the level of the underlying index:



Index SymbolQuantity Freeze Limit
Quantity Freeze Limit (in lots)
BANKNIFTY
900
900 / 15 = 60
NIFTY
1,800
1,800 / 50 = 36
FINNIFTY 1,800
1,800 / 40 = 45
MIDCPNIFTY
5,500
5,500 / 75 = 73



Index Level (From)Index Level (To)Quantity Freeze Limit
0
5,750
8,500
5,750
8,625
5,500
8,625
11,500
4,200
11,500
17,250
2,800
17,250
27,500 1,800
27,500
40,000
1,200
40,000 
55,000
900
55,000
above
600



Orders rejected due to the quantity freeze limit will have the following error message (Order Value is greater than Maximum) in the order book on TraderX:

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