BTPT (Buy Today, Pay in Two Days)

Introducing the Revolutionary Buy Today, Pay in Two Days (BTPT) Product.

Buy stocks in delivery by paying partial margin today and pay the rest in two days. Save interest on your capital!

About

As you know, currently, you are mandated by the exchange bodies to pay up the entire margin amount in delivery trading on the same day while purchasing from the market. Upon payment of the margin amount (at the time of purchase), you receive the shares in demat holding after 2 days (Transaction + 2 Days).

But not anymore!

Today, you can say goodbye to the conventional method of delivery trading!

Introducing BTPT or Buy Today, Pay in Two Days - a service where every Samco customer can choose to pay for their acquired delivery shares (CNC) in 2 Days from the date of purchase.

Since the delivery shares get credited in your demat account after 2 days from the purchase, so it is only a fair practice that you be allowed to pay for your shares in delivery 2 days after the purchase.

What’s more, is that by holding the outstanding sum in your savings account for an additional 2 days, you stand to gain a good interest amount upon it, which diminishes the value of brokerage paid in the delivery transaction. Thus making BTPT product superior to any brokerage-free trading model out in the market.

Benefits you get with BTPT products:

  • 2 Days of Leverage in Delivery Trades - Interest-free.
  • Huge Interest Savings on Your Capital.
  • Zero Subscription Fees or Hidden Charges.
  • Exclusively Available in India for SAMCO Customers.

Brokerage charges will continue to apply at a flat rate of Rs.20 only per order.

In case you have any questions on the BTPT product type, kindly refer to the FAQs section.

BTPT Margin Calculator

sort Stock CMP Leverage Margin [%]
1 3MINDIA 18204.9 2.5x 40
2 AARTIDRUGS 2951.25 2.5x 40
3 AARTIIND 1005.05 2.5x 40
4 AAVAS 1384.35 2.5x 40
5 ABB 852.3 2.5x 40
6 ABBOTINDIA 16237.75 2.5x 40
7 ABFRL 128.2 2.5x 40
8 ACC 1333.35 2.5x 40
9 ADANIENT 280.3 2.5x 40
10 ADANIGAS 183.75 2.5x 40
11 ADANIPORTS 326.15 2.5x 40
12 ADANIPOWER 36.6 2.5x 40
13 ADVENZYMES 293.15 2.5x 40
14 AIAENG 1738.05 2.5x 40
15 AJANTPHARM 1550.55 2.5x 40
16 AKZOINDIA 2015.15 2.5x 40
17 ALKEM 2802.35 2.5x 40
18 ALLCARGO 128.9 2.5x 40
19 AMARAJABAT 726.2 2.5x 40
20 AMBUJACEM 205.5 2.5x 40
21 AMRUTANJAN 424.1 2.5x 40
22 ANUP 595.25 2.5x 40
23 APLLTD 955.1 2.5x 40
24 APOLLOHOSP 2027.65 2.5x 40
25 APOLLOPIPE 385.55 2.5x 40
26 APOLLOTYRE 120.2 2.5x 40
27 ARVIND 33 2.5x 40
28 ASHOKLEY 76.3 2.5x 40
29 ASIANPAINT 1925.6 2.5x 40
30 ASTRAL 1100.15 2.5x 40
31 ASTRAZEN 4301.55 2.5x 40
32 ATUL 6089.1 2.5x 40
33 ATULAUTO 166.3 2.5x 40
34 AUBANK 656.25 2.5x 40
35 AUROPHARMA 772.1 2.5x 40
36 AUTOAXLES 734.45 2.5x 40
37 AXISBANK 415.05 2.5x 40
38 BAJAJ-AUTO 2957.4 2.5x 40
39 BAJAJCON 183.55 2.5x 40
40 BAJAJELEC 492.85 2.5x 40
41 BAJAJFINSV 5803.3 2.5x 40
42 BAJFINANCE 3138.95 2.5x 40
43 BALKRISIND 1355.95 2.5x 40
44 BANKBARODA 41.55 2.22x 45
45 BANKINDIA 40.15 2.5x 40
46 BATAINDIA 1303 2.5x 40
47 BAYERCROP 5990.6 2.5x 40
48 BBTC 1300.3 2.5x 40
49 BEL 93.3 2.5x 40
50 BEML 602.8 2.5x 40
51 BERGEPAINT 582.25 2.5x 40
52 BFUTILITIE 225.2 2x 50
53 BHARATFORG 444.9 2.5x 40
54 BHARTIARTL 439.65 2.5x 40
55 BHEL 30.15 2x 50
56 BIOCON 428 2.5x 40
57 BIRLACORPN 630.8 2.5x 40
58 BLUESTARCO 638.45 2.5x 40
59 BOSCHLTD 12930.05 2.5x 40
60 BPCL 375.75 2.5x 40
61 BRITANNIA 3686.4 2.5x 40
62 BSE 537.9 2.5x 40
63 BSOFT 190.85 2.5x 40
64 CADILAHC 385.5 2.5x 40
65 CANBK 87.1 2.5x 40
66 CANFINHOME 409.2 2.5x 40
67 CARBORUNIV 249.05 2.5x 40
68 CARERATING 357 2.5x 40
69 CASTROLIND 109.85 2.5x 40
70 CDSL 474.1 2.5x 40
71 CEATLTD 905.15 2.5x 40
72 CENTRALBK 16.2 2.5x 40
73 CENTURYPLY 164.8 2.5x 40
74 CENTURYTEX 327.95 2x 50
75 CERA 2243.25 2.5x 40
76 CESC 633 2.5x 40
77 CHENNPETRO 66.65 2.5x 40
78 CHOLAFIN 238.7 2.5x 40
79 CIPLA 770.1 2.5x 40
80 COALINDIA 117.1 2.5x 40
81 COCHINSHIP 317.75 2.5x 40
82 COLPAL 1415.7 2.5x 40
83 CONCOR 375.25 2.5x 40
84 COROMANDEL 789.55 2.5x 40
85 CRISIL 1709.45 2.5x 40
86 CROMPTON 260.9 2.5x 40
87 CUB 133.8 2.5x 40
88 CUMMINSIND 446.75 2.5x 40
89 CYIENT 384 2.5x 40
90 DABUR 492.6 2.5x 40
91 DBCORP 76.55 2x 50
92 DCBBANK 81.45 2.5x 40
93 DEEPAKFERT 149.25 2.5x 40
94 DEEPAKNTR 801.15 2.5x 40
95 DHANUKA 744.1 1.25x 80
96 DIVISLAB 3060.75 2.5x 40
97 DLF 151.35 2.5x 40
98 DRREDDY 5112.2 2.5x 40
99 ECLERX 708.1 2.5x 40
100 EDELWEISS 58.35 2x 50
101 EIDPARRY 278.1 2.5x 40
102 EMAMILTD 351.9 2.5x 40
103 ENDURANCE 1062.8 2.5x 40
104 ENGINERSIN 64.3 2.5x 40
105 ERIS 539.8 2.5x 40
106 ESCORTS 1203.4 2.5x 40
107 EXIDEIND 161.1 2.5x 40
108 FDC 334.7 2.5x 40
109 FEDERALBNK 47.7 2.5x 40
110 FINCABLES 277.35 2.5x 40
111 FINEORG 2659.45 2.5x 40
112 FINPIPE 496.7 2.5x 40
113 FORCEMOT 1050.5 2.5x 40
114 FORTIS 137.15 2.5x 40
115 GAIL 85.2 2.5x 40
116 GALAXYSURF 1820.65 2.5x 40
117 GET&D 84.15 2.5x 40
118 GICRE 123.95 2.5x 40
119 GILLETTE 5393.65 2.5x 40
120 GLAXO 1543.6 2.5x 40
121 GLENMARK 482.55 2.5x 40
122 GODFRYPHLP 917.9 2.5x 40
123 GODREJAGRO 497.3 2.5x 40
124 GODREJCP 702.1 2.5x 40
125 GODREJIND 401.05 2.5x 40
126 GODREJPROP 854.45 2.5x 40
127 GPPL 84.1 2.5x 40
128 GRANULES 375.95 2.5x 40
129 GRASIM 708.15 2.5x 40
130 GREAVESCOT 72.5 2.5x 40
131 GRINDWELL 525.45 2.5x 40
132 GSPL 194.95 2.5x 40
133 GULFOILLUB 638 2.5x 40
134 HATHWAY 29.7 1.25x 80
135 HAVELLS 659.05 2.5x 40
136 HCLTECH 827.7 2.5x 40
137 HDFC 1652 2.5x 40
138 HDFCAMC 2110.75 2.5x 40
139 HDFCBANK 1044 2.5x 40
140 HDFCLIFE 577.5 2.5x 40
141 HEIDELBERG 177.7 2.5x 40
142 HEROMOTOCO 3002 2.5x 40
143 HEXAWARE 467.2 2.5x 40
144 HINDALCO 162.05 2.5x 40
145 HINDPETRO 178.6 2.5x 40
146 HINDUNILVR 2079.05 2.5x 40
147 HINDZINC 209.15 2.5x 40
148 HONAUT 32380.65 2.5x 40
149 HSIL 82.45 2.5x 40
150 HUDCO 32.2 2.5x 40
151 IBREALEST 52.45 2x 50
152 ICICIBANK 348.65 2.5x 40
153 ICICIGI 1270.05 2.5x 40
154 ICICIPRULI 414.85 2.5x 40
155 ICRA 2800.55 2.5x 40
156 IDBI 33.95 2x 50
157 IDFC 31.4 2.5x 40
158 IEX 190.2 2.5x 40
159 IFCI 6 2.5x 40
160 IGL 403.25 2.5x 40
161 INDHOTEL 91.65 2.5x 40
162 INDIACEM 116.9 2.5x 40
163 INDIANB 55.1 2x 50
164 INDIGO 1241.7 2.5x 40
165 INFRATEL 182.8 2.5x 40
166 INFY 1011.45 2.5x 40
167 INOXLEISUR 254.65 2x 50
168 IOB 9.4 2.5x 40
169 IOC 74.1 2.5x 40
170 IPCALAB 2067.25 2.5x 40
171 IRCTC 1352.05 2.5x 40
172 ITC 170.75 2.5x 40
173 J&KBANK 14.75 2.5x 40
174 JAMNAAUTO 44.95 2.5x 40
175 JBCHEPHARM 957.75 1.25x 80
176 JKCEMENT 1500.1 2.5x 40
177 JKLAKSHMI 247.4 2.5x 40
178 JKPAPER 91.7 2.5x 40
179 JKTYRE 56.9 2.5x 40
180 JMFINANCIL 76.95 2.5x 40
181 JSWENERGY 57.95 2.5x 40
182 JSWSTEEL 268.35 2.5x 40
183 JUBLFOOD 2314.2 2.5x 40
184 JUSTDIAL 371.05 2.5x 40
185 JYOTHYLAB 143.1 2.5x 40
186 KAJARIACER 500 2.5x 40
187 KANSAINER 475.7 2.5x 40
188 KEC 318.05 2.5x 40
189 KIRLOSENG 107.35 2.5x 40
190 KNRCON 249.3 2.5x 40
191 KOTAKBANK 1253.05 2.5x 40
192 KTKBANK 40.65 2.5x 40
193 L&TFH 58.3 2.5x 40
194 LALPATHLAB 1828.8 2.5x 40
195 LAOPALA 204.35 2.5x 40
196 LAXMIMACH 3510.05 2.5x 40
197 LICHSGFIN 270.5 2.5x 40
198 LT 889.25 2.5x 40
199 LTI 2473.7 2.5x 40
200 LTTS 1591.2 2.5x 40
201 LUMAXTECH 94 2.5x 40
202 LUPIN 998.9 2.5x 40
203 M&M 592.3 2.5x 40
204 M&MFIN 120.25 2.5x 40
205 MAHABANK 11.3 2.5x 40
206 MAHINDCIE 133.7 2x 50
207 MAHLIFE 225.9 2.5x 40
208 MAHLOG 316.95 2.5x 40
209 MANAPPURAM 153.05 2.5x 40
210 MARICO 353.5 2.5x 40
211 MARUTI 6497.7 2.5x 40
212 MAYURUNIQ 253.1 2.5x 40
213 MCDOWELL-N 511.55 2.5x 40
214 MCX 1636.75 2.5x 40
215 METROPOLIS 1752.6 2.5x 40
216 MGL 821.3 2.5x 40
217 MHRIL 170.75 2.5x 40
218 MINDTREE 1268.9 2.5x 40
219 MOIL 139.2 2.5x 40
220 MOTHERSUMI 109.85 2.5x 40
221 MOTILALOFS 631.1 2.5x 40
222 MPHASIS 1271.7 2.5x 40
223 MRF 57461.45 2.5x 40
224 MRPL 27 2.5x 40
225 MUTHOOTFIN 1087.55 2.5x 40
226 NAM-INDIA 254.75 2.5x 40
227 NATCOPHARM 886.7 2.5x 40
228 NATIONALUM 31.8 2.5x 40
229 NAUKRI 3450.15 2.5x 40
230 NAVNETEDUL 76.85 2.5x 40
231 NBCC 24.5 2.5x 40
232 NESCO 553.55 2.5x 40
233 NESTLEIND 15736.8 2.5x 40
234 NHPC 20.25 2.5x 40
235 NIITLTD 127.65 2.5x 40
236 NILKAMAL 1249.5 2.5x 40
237 NMDC 79.3 2.5x 40
238 NTPC 84.8 2.5x 40
239 OBEROIRLTY 402.75 2.5x 40
240 OFSS 2987.95 2.5x 40
241 ORIENTREF 186 2.5x 40
242 PAGEIND 19700.3 2.5x 40
243 PERSISTENT 1219.65 2.5x 40
244 PETRONET 219.25 2.5x 40
245 PFC 85.35 2.5x 40
246 PFIZER 4919.5 2.5x 40
247 PFS 17.85 2.5x 40
248 PGHH 9896.3 2.5x 40
249 PGHL 4885.45 2.5x 40
250 PHOENIXLTD 553.8 2.5x 40
251 PIDILITIND 1413 2.5x 40
252 PIIND 1914.35 2.5x 40
253 PNB 29.05 2.5x 40
254 PNBHOUSING 328.65 2x 50
255 POWERGRID 160.75 2.5x 40
256 PRAJIND 68.4 2.5x 40
257 PRESTIGE 244.4 2x 50
258 PRSMJOHNSN 56.35 2.5x 40
259 PSPPROJECT 406.55 2.5x 40
260 PTC 47.5 2.5x 40
261 PVR 1100.95 2x 50
262 RADIOCITY 18.9 2x 50
263 RALLIS 284.55 2.5x 40
264 RAMCOCEM 709.35 2.5x 40
265 RBL 563.95 2x 50
266 RBLBANK 164.95 2.5x 40
267 RECLTD 99.05 2.5x 40
268 RELAXO 640.65 2.5x 40
269 RELIANCE 2201.7 2.5x 40
270 RENUKA 9.1 2x 50
271 RITES 246.4 2.5x 40
272 SAIL 34.35 2x 50
273 SANOFI 8510.45 2.5x 40
274 SBILIFE 797.05 2.5x 40
275 SBIN 182.2 2.5x 40
276 SCHAEFFLER 3596.15 2.5x 40
277 SCHNEIDER 77.8 2.5x 40
278 SCI 53.35 2.5x 40
279 SFL 1358.35 2.5x 40
280 SHOPERSTOP 167.05 2x 50
281 SHREECEM 19008.45 2.5x 40
282 SHRIRAMCIT 922.6 2.5x 40
283 SIEMENS 1207.7 2.5x 40
284 SJVN 21.9 2.5x 40
285 SKFINDIA 1440.6 2.5x 40
286 SMLISUZU 391.6 2.22x 45
287 SOLARINDS 1025.4 2.5x 40
288 SONATSOFTW 329.25 2.5x 40
289 SOUTHBANK 6.75 2.5x 40
290 SPARC 168.25 2.5x 40
291 SRF 4084.2 2.5x 40
292 STAR 661.45 2.5x 40
293 SUNDARMFIN 1321.15 2.5x 40
294 SUNDRMFAST 400.15 2.5x 40
295 SUNPHARMA 489.65 2.5x 40
296 SUNTV 458 2x 50
297 SUPRAJIT 173.6 2.5x 40
298 SUPREMEIND 1377.25 2.5x 40
299 SWARAJENG 1441.25 2.5x 40
300 SYMPHONY 858.6 2.5x 40
301 SYNGENE 577.35 2.5x 40
302 TATACHEM 290.7 2.5x 40
303 TATACOFFEE 101.7 2.5x 40
304 TATACOMM 819.35 1.25x 80
305 TATACONSUM 509.8 2.5x 40
306 TATAELXSI 1266.45 2.5x 40
307 TATAMETALI 506.95 2.5x 40
308 TATAMOTORS 127.25 2.5x 40
309 TATAMTRDVR 59.05 2.5x 40
310 TATAPOWER 53.1 2.5x 40
311 TATASTEEL 352.1 2.5x 40
312 TCI 232.6 2.5x 40
313 TCIEXP 768.2 2x 50
314 TCNSBRANDS 384.75 2x 50
315 TCS 2422.3 2.5x 40
316 TEAMLEASE 2161.75 2.5x 40
317 TECHM 772.35 2.5x 40
318 THYROCARE 762.15 2.5x 40
319 TITAN 1109.35 2.5x 40
320 TORNTPHARM 2719.25 2.5x 40
321 TORNTPOWER 311.25 2.5x 40
322 TRENT 633 2.5x 40
323 TRITURBINE 70.15 2.5x 40
324 TTKPRESTIG 6064.1 2.5x 40
325 TV18BRDCST 28.85 2.5x 40
326 TVSMOTOR 446.95 2.5x 40
327 TVSSRICHAK 1388.45 2.5x 40
328 TVTODAY 201.35 2.5x 40
329 UBL 952.15 2.5x 40
330 UCOBANK 12.15 2.5x 40
331 UJJIVAN 205.55 2.5x 40
332 ULTRACEMCO 3858.5 2.5x 40
333 UNIONBANK 24.25 2.5x 40
334 UPL 504.65 2.5x 40
335 VEDL 137.05 2.5x 40
336 VGUARD 165.1 2.5x 40
337 VIPIND 296.05 2.5x 40
338 VOLTAS 670 2.5x 40
339 VRLLOG 161.3 2.5x 40
340 VSTIND 3411.95 2.5x 40
341 WABAG 190.55 2.5x 40
342 WABCOINDIA 5870.75 2.5x 40
343 WESTLIFE 373.6 2.5x 40
344 WHIRLPOOL 2075.35 2.5x 40
345 WIPRO 313.9 2.5x 40
346 WOCKPHARMA 275.1 2.5x 40
347 WONDERLA 151.1 2.5x 40
348 ZEEL 198.2 2.5x 40
349 ZENSARTECH 198.1 2.5x 40
350 ZYDUSWELL 1864.95 2.5x 40

Interest Saving Calculator

Calculate the interest earned on the outstanding sum as per the avg. annual savings account rate.

FAQs

Frequently Asked Questions

On purchasing shares with the BTPT product type, you only need to pay a fraction of the original margin required, and the outstanding sum can be settled in 2 Days (T+2 Days) from the date of purchase.

Example: If you purchase 1000 shares of Reliance Industries on Monday in delivery (CNC - Cash & Carry), at the rate of Rs. 1300, normally you would need to pay Rs. 13,00,000 at the time of purchase.

But with the BTPT facility, you can choose to pay only a fraction of the required margin amount upfront, let’s say Rs. 4,00,000 (initial payable margin vary with stocks), and the remaining Rs. 9,00,000, you can pay by Wednesday i.e. 2 Days from the date of purchase.

On choosing the BTPT product type while purchasing the shares, you only pay a fraction of the required margin and the remaining amount can be settled in 2 Days (T+2 Days) from purchase.

Meaning, your outstanding amount on the purchase of shares still remains in your bank’s savings account and is subject to interest accumulation on your bank balance at the annual savings account rate.

Example: If the purchase value of the shares is Rs. 10,00,000, you only need to pay Rs. 3,00,000 (payable upfront margin varies with the stocks), while the remaining Rs. 7,00,000 remains in your bank’s savings account accumulating interest on a daily basis. Considering the annual savings account interest rate at 6%, you gain approximately Rs.115 daily, or Rs. 230 on your outstanding capital of Rs.7,00,000 in the 2 Day period.

The interest you gain on your outstanding payable amount for 2 Days is comparatively higher than the brokerage you pay for the delivery transactions (Rs. 20 or 0.2% per order - whichever is lower). Hence the BTPT product triumphs over the brokerage-free model out in the market.

Example: The brokerage you pay on the buy-side of the delivery transaction of Rs. 10,00,000 is Rs. 20/ order on T Day (at the time of trade). You only pay a fraction of the entire margin required for the shares on T Day, i.e. Rs. 3,00,000 (payable upfront margin varies with the stocks). Meanwhile, you hold the outstanding sum of Rs. 7,00,000 in your savings account for the next 2 Days, thereby accruing interest on the said sum, which amounts to approximately Rs. 115 per day (assuming the bank's savings account interest rate at 6% p.a.). Thus the interest earned diminishes the overall brokerage cost. Your savings in this transaction is Rs. 210 (considering interest gained over 2 days is Rs. 230 on Rs. 7,00,000 outstanding due).

All Samco customers with a valid POA (Power of Attorney) status are eligible to transact in shares in the BTPT product type. If you haven’t submitted your POA yet, you are prohibited to use the BTPT option to trade in delivery. For hasslefree transactions using the BTPT option, you can download the POA form from your Star back-office website, fill in the required details and send the physical copy on our head office address.

No. You can only use the BTPT service on the 300+ stocks mentioned in the BTPT margin list . Check the entire list of stocks available under the BTPT product type before investing.

BTPT product type is available only for transactions in the Equity Cash segment. You cannot use the BTPT option for placing orders in any other segment - NFO, Commodity derivatives, Currency derivative.

No. BTPT service is available free of cost to all Samco customers who have submitted their POA (Power of Attorney). If you haven’t yet submitted your POA, kindly download the form from the Star back-office website and submit it as soon as possible.

While placing the orders for any share in the market, either on the StockNote mobile app, StockNote web app, or the Nest Trader desktop app, choose the BTPT product type from the dropdown list to trade with.

Next, fill the quantities of shares you wish to acquire, enter the price value and submit. Following which, your orders will be completed at the entered rate and you only need to pay the initial margin sum while the rest can be paid in 2 Days.

You can either choose to pay the initial margin for your shares with the UPI or Net banking payment option on the day of purchase. The same goes for the remaining sum.

You cannot transfer funds via the cheque payment mode as the amount may or may not be cleared by your banks within T+2 Days.

Yes. You can buy and sell the shares bought under the BTPT product type on the same day as the initial transaction.

You can choose the BTPT product type on any of the trading platforms in Samco to acquire the shares in delivery 2 days later.

On T Day:

  • You can purchase the shares using the BTPT product type only for the shares mentioned in the margin list.
  • You can hold your position in the BTPT product type till 3:30 PM of the same day.
  • You can also choose to sell the shares on the same day as the purchase.
  • You cannot convert the position of your purchased shares in BTPT to any other product type.

On T+1 Day:

  • Your positions will be marked in BTPT carry forward within the trader application.
  • You can choose to hold the shares or sell them on T+1 Day.
  • You can choose to pay the entire outstanding dues for the shares on T+1 Day.
  • On payment of the outstanding sum on T+1 Day, before 11:59 PM, your BTPT positions will be auto-converted to CNC (Cash & Carry) position on the next day by 9:15 AM.
  • But you are not allowed to convert the BTPT carry forward shares to any other product type on T+1 Day.

Yes. You can sell the shareholdings under the BTPT product type but will be charged interest at the applicable rate for 1 day for the funded amount of the BTPT purchases.

Example If you buy 100 shares of Company X at Rs. 1000 worth Rs. 1,00,000 on Monday by paying an upfront margin of Rs. 30,000. And then you sell the stock on T+1 day at Rs. 1200 per share for Rs. 1,20,000. Then you shall be liable to pay interest at the applicable rate for 1 day on the funded portion i.e. Rs. 70,000 (Rs. 1,00,000 purchase value - Rs. 30,000 margin amount).

On T+2 Day:

  • In case you have not paid off your obligation in full before trading on T+2 Day, your BTPT positions will be automatically moved from the BTPT carry forward type to the MIS (Margin IntraDay Square-Off) product type at 9:15 AM on T+2 Day.
  • On payment of the outstanding sum before 3:10 PM on T+2 Day, you can manually convert your BTPT position (now MIS position) to CNC (Cash & Carry) position and choose to hold your shares or square it off.
  • If you fail to manually convert the position (now MIS position) to CNC (Cash & Carry) position before 3:15 PM on T+2 Day, your positions will be automatically squared-off in intraday in accordance with Samco’s intraday RMS policy.

Yes. After full payment and acquiring the shares in delivery after T+2 Days, your BTPT orders can be converted to the CNC (Cash & Carry) order and you can hold the shares or sell it, as per your requirement.

No. Once orders are completed in BTPT product types, they cannot be converted into MIS (Margin IntraDay Square-Off) or CNC (Cash & Carry) thereafter, unless you pay the outstanding dues.

If you meet your outstanding payment obligation in full (not in part) on T+1 Day, before 11:59 PM, your positions will be auto-converted to CNC (Cash & Carry) position on T+2 Day. If you make the payment on T+2 Day, before 3:10 PM, you are obliged to convert your position from MIS (Margin Intraday Square-Off) to CNC (Cash & Carry) manually. The RMS team shall not be held accountable for the conversion of the BTPT carry forward position (now MIS position) to CNC position on T+2 Day, even after you make payment of the remaining sum.

No. You pay only the regular Rs. 20 or 0.2% per order (whichever is lower) while purchasing and selling the shares in delivery. The same brokerage structure is applicable to the BTPT product type as this is a delivery product, too

No. Loans against holdings are only eligible on clear holdings and shares bought under BTPT product type do not qualify as clear holdings. Only after receiving the delivery shares completely in your demat account, are you eligible to apply for the loans against your holdings.

No. Pledging on BTPT shares is only possible after acquiring the complete delivery of the purchased shares i.e. conversion of BTPT shares into CNC (Cash & Carry) shares. You are ineligible to pledge the holding shares before.

The percentage value of the initial margin varies with stock. Check the margin list of stocks available under the BTPT product type.

No interest is payable as long as you pay the delivery margin in FULL and complete your obligation before settlement time on T+2 day.

In simple terms, if you pay the balance on time, there is no interest obligation.

Interest shall only be levied in cases where you square off your BTPT positions on T+1 day or in case you are unable to pay off your margins and therefore your positions get squared off on T+2 day as MIS positions.

Yes. If you are unable to deliver the outstanding amount of the shares in delivery on T+2 Days (transaction plus 2 Days), you will incur interest of 0.05% per day on the funded amount of the BTPT purchase.

Also, upon defaulting the outstanding amount, your BTPT orders will be placed under the MIS (Margin IntraDay Square-Off) product type at 9:15 AM on T+2 day by the RMS team and will be considered as an intraday order, which will be subjected to auto square-off by 3:15 PM. Please read the RMS policy here.

Under the BTPT product, the upfront margin is collected for the trade when you place a buy order on T Day. So, no margin penalty shall be applicable with regards to purchase on T day. Customers shall have time till T+2 morning to pay the balance delivery margin.

Please note that the delivery of these shares shall be available in your Demat account only on T+2 day in accordance with exchange settlement norms. No stock would be available as free for sale on T+1 day and therefore it is not advisable to sell this stock on T+1 day. You should only sell your stock on T+1 in case you are unable to pay your delivery margin as on settlement date T+2. Selling your stock on T+1 will imply your inability to pay and we shall be compelled to report this as a short collection of margins that could attract a penalty. Any penalty on account of a short collection of margins for the failure of payment of delivery margin as implied by the sale of shares on T+1 day shall be levied to your trading account. Since the penalty applicable is hefty, it is advisable to not default on margin obligations.

In case the shortfall amount is less than Rs 1 lakh and < 10% of the applicable margin then the penalty is 0.5% of the shortfall amount. In case the shortfall amount is greater than Rs 1 lakh OR > 10% of the applicable margin then the penalty is 1% of the shortfall amount. Recurring defaults shall attract a higher penalty.

As per the Samco RMS policy, your positions will be considered for losses for a value of up to 80% (M-To-M) of your trading balance, beyond which, it will be auto squared-off by the RMS team.

If you purchase any shares in BTPT product type by paying the initial margin amount on Thursday i.e T Day, you can pay for the remaining amount on T+2 Days i.e. on Monday.

If the purchase of shares is on Friday i.e. T Day, you can pay the remaining sum by Tuesday i.e. T+2 Days.

Yes. Samco will send reminders for your outstanding payable amount via emails and SMS on the T+1 and T+2 Days. You need to fulfill the payment obligation before T+2 Days by 3:10 PM, after which, your positions will be squared-off by the RMS team as subject to Samco’s RMS policy.

Under the BTPT product, upfront margin is collected for the trade when you place a buy order on T Day. So, no margin penalty shall be applicable with regards to purchase on T day. Customers shall have time till T+2 morning to pay the balance delivery margin. Please note that delivery of these shares shall be available in your Demat account only on T+2 day in accordance with exchange settlement norms. No stock would be available as free for sale on T+1 day and therefore it is not advisable to sell this stock on T+1 day. You should only sell your stock on T+1 in case you are unable to pay your delivery margin as on settlement date T+2. Selling your stock on T+1 will imply your inability to pay and we shall be compelled to report this as short collection of margins which could attract penalty. Any penalty on account of short collection of margins for failure of payment of delivery margin as implied by sale of shares on T+1 day shall be levied to your trading account. Since the penalty applicable is hefty, it is advisable to not default on margin obligations. In case the shortfall amount is less than Rs 1 lakh and < 10% of applicable margin then the penalty is 0.5% of shortfall amount. In case the shortfall amount is greater than Rs 1 lakh OR > 10% of applicable margin then the penalty is 1% of shortfall amount. Recurring defaults shall attract higher

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