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 20005.2 2.5x 40
2 AARTIDRUGS 718 2.5x 40
3 AARTIIND 1145.3 2.5x 40
4 AAVAS 1777.2 2.5x 40
5 ABB 1354.8 2.5x 40
6 ABBOTINDIA 14546.65 2.5x 40
7 ABFRL 163.75 2.5x 40
8 ACC 1663.15 2.5x 40
9 ADANIENT 513.9 2.5x 40
10 ADANIGAS 377.65 2.5x 40
11 ADANIPORTS 523.65 2.5x 40
12 ADANIPOWER 51.2 2.5x 40
13 ADVENZYMES 308.05 1.25x 80
14 AIAENG 1984.1 2.5x 40
15 AJANTPHARM 1758.95 2.5x 40
16 AKZOINDIA 2401.5 2.5x 40
17 ALKEM 3110.3 2.5x 40
18 ALLCARGO 131.45 2.5x 40
19 AMARAJABAT 971.45 2.5x 40
20 AMBUJACEM 257 2.5x 40
21 AMRUTANJAN 501.15 2.5x 40
22 ANUP 707.3 2.5x 40
23 APLLTD 961.5 2.5x 40
24 APOLLOHOSP 2686.9 2.5x 40
25 APOLLOPIPE 687.5 2.5x 40
26 APOLLOTYRE 211.3 2.5x 40
27 ARVIND 49.2 2.5x 40
28 ASHOKLEY 117.4 2.5x 40
29 ASIANPAINT 2513.95 2.5x 40
30 ASTRAL 1656.45 2.5x 40
31 ASTRAZEN 3591.8 2.5x 40
32 ATUL 6525.65 2.5x 40
33 ATULAUTO 180.85 2.5x 40
34 AUBANK 884.65 2.5x 40
35 AUROPHARMA 998.6 2.5x 40
36 AUTOAXLES 1015.6 2.5x 40
37 AXISBANK 658.4 2.5x 40
38 BAJAJ-AUTO 4168.95 2.5x 40
39 BAJAJCON 220.3 2.5x 40
40 BAJAJELEC 744.15 2.5x 40
41 BAJAJFINSV 9198.9 2.5x 40
42 BAJFINANCE 4908.7 2.5x 40
43 BALKRISIND 1679.8 2.5x 40
44 BANKBARODA 73.85 2.22x 45
45 BANKINDIA 50.4 2.5x 40
46 BATAINDIA 1559.05 2.5x 40
47 BAYERCROP 5573.45 2.5x 40
48 BBTC 1232.55 2.5x 40
49 BEL 130.7 2.5x 40
50 BEML 911.2 2.5x 40
51 BERGEPAINT 748.45 2.5x 40
52 BFUTILITIE 277.65 2x 50
53 BHARATFORG 608.5 2.5x 40
54 BHARTIARTL 580.75 2.5x 40
55 BHEL 36.25 2x 50
56 BIOCON 382.7 2.5x 40
57 BIRLACORPN 721.95 2.5x 40
58 BLUESTARCO 755.15 2.5x 40
59 BOSCHLTD 15876.4 2.5x 40
60 BPCL 387.3 2.5x 40
61 BRITANNIA 3613.55 2.5x 40
62 BSE 596.1 2.5x 40
63 BSOFT 247.25 1.25x 80
64 BURGERKING 135.2 2.5x 40
65 CADILAHC 467.4 2.5x 40
66 CANBK 133.65 2.5x 40
67 CANFINHOME 480.85 2.5x 40
68 CARBORUNIV 424.5 2.5x 40
69 CARERATING 490.4 2.5x 40
70 CASTROLIND 128.05 2.5x 40
71 CDSL 487.9 2.5x 40
72 CEATLTD 1496.8 2.5x 40
73 CENTRALBK 13.35 2.5x 40
74 CENTURYPLY 268.45 2.5x 40
75 CENTURYTEX 393.5 2x 50
76 CERA 3482.7 2.5x 40
77 CESC 627.75 2.5x 40
78 CHENNPETRO 119.6 2.5x 40
79 CHOLAFIN 420.6 2.5x 40
80 CIPLA 836.8 2.5x 40
81 COALINDIA 131.85 2.5x 40
82 COCHINSHIP 352.25 2.5x 40
83 COLPAL 1524.15 2.5x 40
84 CONCOR 421.25 2.5x 40
85 COROMANDEL 840 2.5x 40
86 CRISIL 1913.65 2.5x 40
87 CROMPTON 412.25 2.5x 40
88 CUB 173.9 2.5x 40
89 CUMMINSIND 610.5 2.5x 40
90 CYIENT 573.5 2.5x 40
91 DABUR 532.6 2.5x 40
92 DBCORP 80.25 2x 50
93 DCBBANK 114.35 2.5x 40
94 DEEPAKFERT 153.75 2.5x 40
95 DEEPAKNTR 986.2 2.5x 40
96 DHANUKA 731.3 1.25x 80
97 DIVISLAB 3569.05 2.5x 40
98 DLF 269.95 2.5x 40
99 DRREDDY 5082.4 2.5x 40
100 ECLERX 975.7 2.5x 40
101 EDELWEISS 64.8 2x 50
102 EIDPARRY 349.5 2.5x 40
103 EMAMILTD 484.95 2.5x 40
104 ENDURANCE 1391.2 2.5x 40
105 ENGINERSIN 73.8 2.5x 40
106 ERIS 611.55 2.5x 40
107 ESCORTS 1225.9 2.5x 40
108 EXIDEIND 199.85 2.5x 40
109 FDC 300.45 2.5x 40
110 FEDERALBNK 71.25 2.5x 40
111 FINCABLES 371.9 2.5x 40
112 FINEORG 2431.65 2.5x 40
113 FINPIPE 582.9 2.5x 40
114 FORCEMOT 1362.05 2.5x 40
115 FORTIS 172.4 2.5x 40
116 GAIL 132.95 2.5x 40
117 GALAXYSURF 2117.35 2.5x 40
118 GET&D 118.85 2.5x 40
119 GICRE 133.75 2.5x 40
120 GILLETTE 5677.6 2.5x 40
121 GLAXO 1487.9 2.5x 40
122 GLENMARK 491.4 2.5x 40
123 GODFRYPHLP 922.8 2.5x 40
124 GODREJAGRO 545.35 2.5x 40
125 GODREJCP 779.25 2.5x 40
126 GODREJIND 437.8 2.5x 40
127 GODREJPROP 1327.2 2.5x 40
128 GPPL 88.85 2.5x 40
129 GRANULES 348.7 1.25x 80
130 GRASIM 1069.75 2.5x 40
131 GREAVESCOT 90.4 2.5x 40
132 GRINDWELL 717.2 2.5x 40
133 GSPL 197.95 2.5x 40
134 GULFOILLUB 714.45 2.5x 40
135 HATHWAY 30.35 1.25x 80
136 HAVELLS 1122.4 2.5x 40
137 HCLTECH 947.5 2.5x 40
138 HDFC 2551.4 2.5x 40
139 HDFCAMC 2953.15 2.5x 40
140 HDFCBANK 1462.85 2.5x 40
141 HDFCLIFE 680.4 2.5x 40
142 HEIDELBERG 221.1 2.5x 40
143 HEROMOTOCO 3474.95 2.5x 40
144 HINDALCO 240.3 2.5x 40
145 HINDPETRO 220.2 2.5x 40
146 HINDUNILVR 2399.6 2.5x 40
147 HINDZINC 268.05 2.5x 40
148 HONAUT 39246.15 2.5x 40
149 HSIL 143.75 2.5x 40
150 HUDCO 41.85 2.5x 40
151 IBREALEST 77.35 2x 50
152 ICICIBANK 538.05 2.5x 40
153 ICICIGI 1438.25 2.5x 40
154 ICICIPRULI 501.9 2.5x 40
155 ICRA 2785.85 2.5x 40
156 IDBI 26.85 2x 50
157 IDFC 42.2 2.5x 40
158 IEX 232.05 2.5x 40
159 IFCI 8.7 2.5x 40
160 IGL 536.45 2.5x 40
161 INDHOTEL 124.2 2.5x 40
162 INDIACEM 168.95 2.5x 40
163 INDIANB 89.8 2x 50
164 INDIGO 1587.55 2.5x 40
165 INFRATEL 237.25 2.5x 40
166 INFY 1325.1 2.5x 40
167 INOXLEISUR 312.85 2x 50
168 IOB 10.55 2.5x 40
169 IOC 93.45 2.5x 40
170 IPCALAB 1981.55 2.5x 40
171 IRCTC 1426.25 2.5x 40
172 ITC 207.8 2.5x 40
173 J&KBANK 27.55 2.5x 40
174 JAMNAAUTO 60 2.5x 40
175 JBCHEPHARM 1050.4 1.25x 80
176 JKCEMENT 2122.2 2.5x 40
177 JKLAKSHMI 325.55 2.5x 40
178 JKPAPER 126 2.5x 40
179 JKTYRE 141.85 2.5x 40
180 JMFINANCIL 83.05 2.5x 40
181 JSWENERGY 72.7 2.5x 40
182 JSWSTEEL 382.45 2.5x 40
183 JUBLFOOD 2719.7 2.5x 40
184 JUSTDIAL 620.5 2.5x 40
185 JYOTHYLAB 158.55 2.5x 40
186 KAJARIACER 846.25 2.5x 40
187 KANSAINER 612.6 2.5x 40
188 KEC 357.8 2.5x 40
189 KIRLOSENG 124.9 2.5x 40
190 KNRCON 364.25 2.5x 40
191 KOTAKBANK 1794.4 2.5x 40
192 KTKBANK 60.35 2.5x 40
193 L&TFH 89.7 2.5x 40
194 LALPATHLAB 2282.85 2.5x 40
195 LAOPALA 222.85 2.5x 40
196 LAXMIMACH 4985.05 2.5x 40
197 LICHSGFIN 415.75 2.5x 40
198 LT 1361.3 2.5x 40
199 LTI 3893.85 2.5x 40
200 LTTS 2348.6 2.5x 40
201 LUMAXTECH 128.55 2.5x 40
202 LUPIN 1081.9 2.5x 40
203 M&M 794.55 2.5x 40
204 M&MFIN 178.05 2.5x 40
205 MAHABANK 13.6 2.5x 40
206 MAHINDCIE 168.15 2x 50
207 MAHLIFE 390.25 2.5x 40
208 MAHLOG 493.25 2.5x 40
209 MANAPPURAM 160.3 2.5x 40
210 MARICO 410.15 2.5x 40
211 MARUTI 7981.5 2.5x 40
212 MAYURUNIQ 275.5 2.5x 40
213 MAZDOCK 208.55 2.5x 40
214 MCDOWELL-N 635.05 2.5x 40
215 MCX 1665.35 2.5x 40
216 METROPOLIS 2019.5 2.5x 40
217 MGL 1052.3 2.5x 40
218 MHRIL 222.15 2.5x 40
219 MINDTREE 1740.8 1.82x 55
220 MOIL 137.3 2.5x 40
221 MOTHERSUMI 152.55 2.5x 40
222 MOTILALOFS 617.35 2.5x 40
223 MPHASIS 1591.1 2.5x 40
224 MRF 89638.35 2.5x 40
225 MRPL 37.1 2.5x 40
226 MUTHOOTFIN 1173.55 2.5x 40
227 NAM-INDIA 314.2 2.5x 40
228 NATCOPHARM 894.45 2.5x 40
229 NATIONALUM 46.15 2.5x 40
230 NAUKRI 4985.85 2.5x 40
231 NAVNETEDUL 80.1 2.5x 40
232 NBCC 30.75 2.5x 40
233 NESCO 568.6 2.5x 40
234 NESTLEIND 17415.25 2.5x 40
235 NHPC 23.7 2.5x 40
236 NIITLTD 193.05 2.5x 40
237 NILKAMAL 1464.35 2.5x 40
238 NMDC 110.1 2.5x 40
239 NTPC 93.2 2.5x 40
240 OBEROIRLTY 550.75 2.5x 40
241 OFSS 3315.95 2.5x 40
242 ORIENTREF 223.75 2.5x 40
243 PAGEIND 29278.6 2.5x 40
244 PERSISTENT 1539 1.25x 80
245 PETRONET 241.9 2.5x 40
246 PFC 114.25 2.5x 40
247 PFIZER 4721.05 2.5x 40
248 PFS 18.25 2.5x 40
249 PGHH 11273.95 2.5x 40
250 PGHL 7100 2.5x 40
251 PHOENIXLTD 729.75 2.5x 40
252 PIDILITIND 1765.5 2.5x 40
253 PIIND 2130.4 2.5x 40
254 PNB 34.15 2.5x 40
255 PNBHOUSING 361.4 2x 50
256 POWERGRID 190.2 2.5x 40
257 PRAJIND 115.2 2.5x 40
258 PRESTIGE 278.7 2x 50
259 PRSMJOHNSN 88.3 2.5x 40
260 PSPPROJECT 419.5 2.5x 40
261 PTC 60.2 2.5x 40
262 PVR 1462.8 2x 50
263 RADIOCITY 22.95 2x 50
264 RALLIS 277.75 2.5x 40
265 RAMCOCEM 786.4 2.5x 40
266 RBL 795.15 2x 50
267 RBLBANK 222.75 2.5x 40
268 RECLTD 137.8 2.5x 40
269 RELAXO 826.2 2.5x 40
270 RELIANCE 1941 2.5x 40
271 RENUKA 9 2x 50
272 RITES 257.25 2.5x 40
273 SAIL 58.25 2x 50
274 SANOFI 8298.95 2.5x 40
275 SBILIFE 862.85 2.5x 40
276 SBIN 280.95 2.5x 40
277 SCHAEFFLER 4439.65 2.5x 40
278 SCHNEIDER 98.1 2.5x 40
279 SCI 83.9 2.5x 40
280 SFL 2016.25 2.5x 40
281 SHOPERSTOP 201 2x 50
282 SHREECEM 23255.65 2.5x 40
283 SHRIRAMCIT 1024.4 2.5x 40
284 SIEMENS 1671.45 2.5x 40
285 SJVN 24.95 2.5x 40
286 SKFINDIA 1779.35 2.5x 40
287 SMLISUZU 505.05 2.22x 45
288 SOLARINDS 1176.95 2.5x 40
289 SONATSOFTW 404.05 2.5x 40
290 SOUTHBANK 8.25 2.5x 40
291 SPARC 184.15 2.5x 40
292 SRF 5387.35 2.5x 40
293 STAR 837.6 2.5x 40
294 SUNDARMFIN 1761.3 2.5x 40
295 SUNDRMFAST 560.75 2.5x 40
296 SUNPHARMA 586.4 2.5x 40
297 SUNTV 491.55 2x 50
298 SUPRAJIT 207.7 2.5x 40
299 SUPREMEIND 1732.4 2.5x 40
300 SWARAJENG 1319.15 2.5x 40
301 SYMPHONY 1020.9 2.5x 40
302 SYNGENE 585.95 2.5x 40
303 TATACHEM 507.1 2.5x 40
304 TATACOFFEE 116.65 2.5x 40
305 TATACOMM 1030.8 1.25x 80
306 TATACONSUM 573.6 2.5x 40
307 TATAELXSI 2478.75 2.5x 40
308 TATAMETALI 718.65 2.5x 40
309 TATAMOTORS 279.15 1.82x 55
310 TATAMTRDVR 110.2 2.5x 40
311 TATAPOWER 79.25 2.5x 40
312 TATASTEEL 651.95 2.5x 40
313 TCI 242.7 2.5x 40
314 TCIEXP 906.5 2x 50
315 TCNSBRANDS 407.75 2x 50
316 TCS 3291.3 2.5x 40
317 TEAMLEASE 2779.85 2.5x 40
318 TECHM 972.05 2.5x 40
319 THYROCARE 909.7 2.5x 40
320 TITAN 1499.85 2.5x 40
321 TORNTPHARM 2635.25 2.5x 40
322 TORNTPOWER 314.35 2.5x 40
323 TRENT 670.75 2.5x 40
324 TRITURBINE 86.15 2.5x 40
325 TTKPRESTIG 5936.7 2.5x 40
326 TV18BRDCST 29.1 2.5x 40
327 TVSMOTOR 542.75 2.5x 40
328 TVSSRICHAK 1965.2 2.5x 40
329 TVTODAY 246.85 2.5x 40
330 UBL 1248.6 2.5x 40
331 UCOBANK 13.05 2.5x 40
332 UJJIVAN 265.65 2.5x 40
333 ULTRACEMCO 5368.4 2.5x 40
334 UNIONBANK 30.4 2.5x 40
335 UPL 588.15 2.5x 40
336 UTIAMC 551.25 2.5x 40
337 VEDL 165.2 2.5x 40
338 VGUARD 234.65 2.5x 40
339 VIPIND 343.8 2.5x 40
340 VOLTAS 940.65 2.5x 40
341 VRLLOG 183.15 2.5x 40
342 VSTIND 3640 2.5x 40
343 WABAG 191.25 2.5x 40
344 WABCOINDIA 5371.1 2.5x 40
345 WESTLIFE 454.1 2.5x 40
346 WHIRLPOOL 2670.35 2.5x 40
347 WIPRO 437.25 2.5x 40
348 WOCKPHARMA 496.8 2.5x 40
349 WONDERLA 196.95 2.5x 40
350 ZEEL 223.7 2.5x 40
351 ZENSARTECH 237.45 2.5x 40
352 ZYDUSWELL 1955.85 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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