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 18951.7 2.5x 40
2 AARTIDRUGS 769.1 2.5x 40
3 AARTIIND 984.5 2.5x 40
4 AAVAS 1482.3 2.5x 40
5 ABB 901.65 2.5x 40
6 ABBOTINDIA 15885.15 2.5x 40
7 ABFRL 150.8 2.5x 40
8 ACC 1620.15 2.5x 40
9 ADANIENT 312 2.5x 40
10 ADANIGAS 192.9 2.5x 40
11 ADANIPORTS 355.35 2.5x 40
12 ADANIPOWER 35.1 2.5x 40
13 ADVENZYMES 331.65 1.25x 80
14 AIAENG 1705.55 2.5x 40
15 AJANTPHARM 1603.35 2.5x 40
16 AKZOINDIA 2025.45 2.5x 40
17 ALKEM 2650.8 2.5x 40
18 ALLCARGO 118.25 2.5x 40
19 AMARAJABAT 734.95 2.5x 40
20 AMBUJACEM 253.35 2.5x 40
21 AMRUTANJAN 421.05 2.5x 40
22 ANUP 600.05 2.5x 40
23 APLLTD 995.4 2.5x 40
24 APOLLOHOSP 2149.5 2.5x 40
25 APOLLOPIPE 411.75 2.5x 40
26 APOLLOTYRE 140.65 2.5x 40
27 ARVIND 34.1 2.5x 40
28 ASHOKLEY 75.5 2.5x 40
29 ASIANPAINT 2114.3 2.5x 40
30 ASTRAL 1150.2 2.5x 40
31 ASTRAZEN 4294.25 2.5x 40
32 ATUL 5909.55 2.5x 40
33 ATULAUTO 161.9 2.5x 40
34 AUBANK 773.55 2.5x 40
35 AUROPHARMA 806.2 2.5x 40
36 AUTOAXLES 653.9 2.5x 40
37 AXISBANK 501.45 2.5x 40
38 BAJAJ-AUTO 3018 2.5x 40
39 BAJAJCON 187.95 2.5x 40
40 BAJAJELEC 514.85 2.5x 40
41 BAJAJFINSV 5904.15 2.5x 40
42 BAJFINANCE 3232.85 2.5x 40
43 BALKRISIND 1389.2 2.5x 40
44 BANKBARODA 42.55 2.22x 45
45 BANKINDIA 40.2 2.5x 40
46 BATAINDIA 1361.65 2.5x 40
47 BAYERCROP 5393.3 2.5x 40
48 BBTC 1188.8 2.5x 40
49 BEL 92.4 2.5x 40
50 BEML 615.9 2.5x 40
51 BERGEPAINT 605.9 2.5x 40
52 BFUTILITIE 248.6 2x 50
53 BHARATFORG 457.45 2.5x 40
54 BHARTIARTL 419 2.5x 40
55 BHEL 28.45 2x 50
56 BIOCON 439.6 2.5x 40
57 BIRLACORPN 635.45 2.5x 40
58 BLUESTARCO 616.95 2.5x 40
59 BOSCHLTD 11748.6 2.5x 40
60 BPCL 343.35 2.5x 40
61 BPCL 349.55 2.5x 40
62 BRITANNIA 3397.25 2.5x 40
63 BSE 511.2 2.5x 40
64 BSOFT 195.2 1.25x 80
65 CADILAHC 426.35 2.5x 40
66 CANBK 88.8 2.5x 40
67 CANFINHOME 468.5 2.5x 40
68 CARBORUNIV 238.55 2.5x 40
69 CARERATING 309.75 2.5x 40
70 CASTROLIND 111.95 2.5x 40
71 CDSL 466.35 2.5x 40
72 CEATLTD 1059.1 2.5x 40
73 CENTRALBK 10.75 2.5x 40
74 CENTURYPLY 180.3 2.5x 40
75 CENTURYTEX 319.5 2x 50
76 CERA 2627.9 2.5x 40
77 CESC 570.6 2.5x 40
78 CHENNPETRO 67.75 2.5x 40
79 CHOLAFIN 242.55 2.5x 40
80 CIPLA 767.1 2.5x 40
81 COALINDIA 115.1 2.5x 40
82 COCHINSHIP 326.9 2.5x 40
83 COLPAL 1426.8 2.5x 40
84 CONCOR 391.75 2.5x 40
85 COROMANDEL 713.35 2.5x 40
86 CRISIL 1834.85 2.5x 40
87 CROMPTON 284.05 2.5x 40
88 CUB 147.75 2.5x 40
89 CUMMINSIND 464.4 2.5x 40
90 CYIENT 409.1 2.5x 40
91 DABUR 515.85 2.5x 40
92 DBCORP 75.05 2x 50
93 DCBBANK 80.7 2.5x 40
94 DEEPAKFERT 141.9 2.5x 40
95 DEEPAKNTR 720.8 2.5x 40
96 DHANUKA 721.2 1.25x 80
97 DIVISLAB 3078.95 2.5x 40
98 DLF 172.1 2.5x 40
99 DRREDDY 5046.75 2.5x 40
100 ECLERX 715.45 2.5x 40
101 EDELWEISS 57.55 2x 50
102 EIDPARRY 283.3 2.5x 40
103 EMAMILTD 362.15 2.5x 40
104 ENDURANCE 1063.3 2.5x 40
105 ENGINERSIN 65.3 2.5x 40
106 ERIS 491.35 2.5x 40
107 ESCORTS 1199.9 2.5x 40
108 EXIDEIND 157.4 2.5x 40
109 FDC 347.1 2.5x 40
110 FEDERALBNK 57 2.5x 40
111 FINCABLES 272.15 2.5x 40
112 FINEORG 2698.2 2.5x 40
113 FINPIPE 500.05 2.5x 40
114 FORCEMOT 1031.25 2.5x 40
115 FORTIS 126.9 2.5x 40
116 GAIL 87.65 2.5x 40
117 GALAXYSURF 1656.7 2.5x 40
118 GET&D 87.05 2.5x 40
119 GICRE 122.05 2.5x 40
120 GILLETTE 5297.6 2.5x 40
121 GLAXO 1515.5 2.5x 40
122 GLENMARK 489.5 2.5x 40
123 GODFRYPHLP 859.35 2.5x 40
124 GODREJAGRO 530.45 2.5x 40
125 GODREJCP 686.5 2.5x 40
126 GODREJIND 387.4 2.5x 40
127 GODREJPROP 1041.85 2.5x 40
128 GPPL 90.75 2.5x 40
129 GRANULES 386.35 1.25x 80
130 GRASIM 791.75 2.5x 40
131 GREAVESCOT 72.45 2.5x 40
132 GRINDWELL 544.25 2.5x 40
133 GSPL 189.85 2.5x 40
134 GULFOILLUB 631.05 2.5x 40
135 HATHWAY 29.8 1.25x 80
136 HAVELLS 711.6 2.5x 40
137 HCLTECH 871.05 2.5x 40
138 HDFC 2048.75 2.5x 40
139 HDFCAMC 2336.8 2.5x 40
140 HDFCBANK 1246.7 2.5x 40
141 HDFCLIFE 562.7 2.5x 40
142 HEIDELBERG 189.35 2.5x 40
143 HEROMOTOCO 3178.35 2.5x 40
144 HEXAWARE 469.9 2.5x 40
145 HINDALCO 185.95 2.5x 40
146 HINDPETRO 177.65 2.5x 40
147 HINDUNILVR 2163.15 2.5x 40
148 HINDZINC 233.1 2.5x 40
149 HONAUT 29788.35 2.5x 40
150 HSIL 73 2.5x 40
151 HUDCO 31.9 2.5x 40
152 IBREALEST 50.65 2x 50
153 ICICIBANK 420.3 2.5x 40
154 ICICIGI 1240.7 2.5x 40
155 ICICIPRULI 411.6 2.5x 40
156 ICRA 2749.9 2.5x 40
157 IDBI 37.6 2x 50
158 IDFC 30.25 2.5x 40
159 IEX 194.3 2.5x 40
160 IFCI 5.85 2.5x 40
161 IGL 380.7 2.5x 40
162 INDHOTEL 100.4 2.5x 40
163 INDIACEM 120.8 2.5x 40
164 INDIANB 60.35 2x 50
165 INDIGO 1365.4 2.5x 40
166 INFRATEL 192.75 2.5x 40
167 INFY 1148.35 2.5x 40
168 INOXLEISUR 265.25 2x 50
169 IOB 9.25 2.5x 40
170 IOC 76 2.5x 40
171 IPCALAB 2075.75 2.5x 40
172 IRCTC 1331.75 2.5x 40
173 ITC 167.65 2.5x 40
174 J&KBANK 14.55 2.5x 40
175 JAMNAAUTO 41.9 2.5x 40
176 JBCHEPHARM 1022 1.25x 80
177 JKCEMENT 1944.85 2.5x 40
178 JKLAKSHMI 277.95 2.5x 40
179 JKPAPER 88.65 2.5x 40
180 JKTYRE 60.55 2.5x 40
181 JMFINANCIL 78.1 2.5x 40
182 JSWENERGY 63.65 2.5x 40
183 JSWSTEEL 322.95 2.5x 40
184 JUBLFOOD 2263.7 2.5x 40
185 JUSTDIAL 565.65 2.5x 40
186 JYOTHYLAB 141 2.5x 40
187 KAJARIACER 571.2 2.5x 40
188 KANSAINER 508.65 2.5x 40
189 KEC 314 2.5x 40
190 KIRLOSENG 106.3 2.5x 40
191 KNRCON 258.2 2.5x 40
192 KOTAKBANK 1393.3 2.5x 40
193 KTKBANK 43.7 2.5x 40
194 L&TFH 63.1 2.5x 40
195 LALPATHLAB 2189 2.5x 40
196 LAOPALA 209.3 2.5x 40
197 LAXMIMACH 3908.15 2.5x 40
198 LICHSGFIN 298.8 2.5x 40
199 LT 924.45 2.5x 40
200 LTI 3099.85 2.5x 40
201 LTTS 1697.55 2.5x 40
202 LUMAXTECH 99.45 2.5x 40
203 LUPIN 1002.55 2.5x 40
204 M&M 600.85 2.5x 40
205 M&MFIN 131.85 2.5x 40
206 MAHABANK 11.65 2.5x 40
207 MAHINDCIE 137.3 2x 50
208 MAHLIFE 255.45 2.5x 40
209 MAHLOG 338.5 2.5x 40
210 MANAPPURAM 167.15 2.5x 40
211 MARICO 360.35 2.5x 40
212 MARUTI 6861.85 2.5x 40
213 MAYURUNIQ 237.15 2.5x 40
214 MAZDOCK 171.65 2.5x 40
215 MCDOWELL-N 520.7 2.5x 40
216 MCX 1766.3 2.5x 40
217 METROPOLIS 1888.25 2.5x 40
218 MGL 821.8 2.5x 40
219 MHRIL 168.45 2.5x 40
220 MINDTREE 1354.05 1.82x 55
221 MOIL 133.5 2.5x 40
222 MOTHERSUMI 107.05 2.5x 40
223 MOTILALOFS 572.75 2.5x 40
224 MPHASIS 1301.3 2.5x 40
225 MRF 61042.45 2.5x 40
226 MRPL 27.05 2.5x 40
227 MUTHOOTFIN 1213.2 2.5x 40
228 NAM-INDIA 274.95 2.5x 40
229 NATCOPHARM 929.9 2.5x 40
230 NATIONALUM 30.45 2.5x 40
231 NAUKRI 3492.75 2.5x 40
232 NAVNETEDUL 80.85 2.5x 40
233 NBCC 23.05 2.5x 40
234 NESCO 519.75 2.5x 40
235 NESTLEIND 16030.85 2.5x 40
236 NHPC 20.15 2.5x 40
237 NIITLTD 130.95 2.5x 40
238 NILKAMAL 1310.1 2.5x 40
239 NMDC 85.25 2.5x 40
240 NTPC 82.3 2.5x 40
241 OBEROIRLTY 472.6 2.5x 40
242 OFSS 3232.9 2.5x 40
243 ORIENTREF 186.6 2.5x 40
244 PAGEIND 20225 2.5x 40
245 PERSISTENT 1207.6 1.25x 80
246 PETRONET 224.7 2.5x 40
247 PFC 88.4 2.5x 40
248 PFIZER 5010.7 2.5x 40
249 PFS 18 2.5x 40
250 PGHH 10152.9 2.5x 40
251 PGHL 5084.95 2.5x 40
252 PHOENIXLTD 567.6 2.5x 40
253 PIDILITIND 1496.8 2.5x 40
254 PIIND 2181.9 2.5x 40
255 PNB 27.2 2.5x 40
256 PNBHOUSING 369.15 2x 50
257 POWERGRID 163.75 2.5x 40
258 PRAJIND 77.2 2.5x 40
259 PRESTIGE 252.2 2x 50
260 PRSMJOHNSN 71.4 2.5x 40
261 PSPPROJECT 395.4 2.5x 40
262 PTC 46.4 2.5x 40
263 PVR 1206.65 2x 50
264 RADIOCITY 17.3 2x 50
265 RALLIS 263.55 2.5x 40
266 RAMCOCEM 793.65 2.5x 40
267 RBL 665.75 2x 50
268 RBLBANK 180.45 2.5x 40
269 RECLTD 99.35 2.5x 40
270 RELAXO 666.65 2.5x 40
271 RELIANCE 2124.6 2.5x 40
272 RENUKA 10 2x 50
273 RITES 239.55 2.5x 40
274 SAIL 35.5 2x 50
275 SANOFI 8341.6 2.5x 40
276 SBILIFE 785.35 2.5x 40
277 SBIN 203.75 2.5x 40
278 SCHAEFFLER 3605.95 2.5x 40
279 SCHNEIDER 72.55 2.5x 40
280 SCI 53.1 2.5x 40
281 SFL 1264.8 2.5x 40
282 SHOPERSTOP 177.35 2x 50
283 SHREECEM 21147.5 2.5x 40
284 SHRIRAMCIT 800.6 2.5x 40
285 SIEMENS 1290.7 2.5x 40
286 SJVN 21.6 2.5x 40
287 SKFINDIA 1492.15 2.5x 40
288 SMLISUZU 373.4 2.22x 45
289 SOLARINDS 1020.3 2.5x 40
290 SONATSOFTW 344.35 2.5x 40
291 SOUTHBANK 6.75 2.5x 40
292 SPARC 169.4 2.5x 40
293 SRF 4438.65 2.5x 40
294 STAR 729.75 2.5x 40
295 SUNDARMFIN 1304.95 2.5x 40
296 SUNDRMFAST 405.45 2.5x 40
297 SUNPHARMA 490.2 2.5x 40
298 SUNTV 426.9 2x 50
299 SUPRAJIT 187.85 2.5x 40
300 SUPREMEIND 1425.45 2.5x 40
301 SWARAJENG 1404.95 2.5x 40
302 SYMPHONY 848.75 2.5x 40
303 SYNGENE 552.2 2.5x 40
304 TATACHEM 321.45 2.5x 40
305 TATACOFFEE 101.9 2.5x 40
306 TATACOMM 925.65 1.25x 80
307 TATACONSUM 465.3 2.5x 40
308 TATAELXSI 1543.75 2.5x 40
309 TATAMETALI 577.8 2.5x 40
310 TATAMOTORS 130.25 1.82x 55
311 TATAMTRDVR 55.55 2.5x 40
312 TATAPOWER 53.95 2.5x 40
313 TATASTEEL 404.05 2.5x 40
314 TCI 229.05 2.5x 40
315 TCIEXP 788.9 2x 50
316 TCNSBRANDS 379.75 2x 50
317 TCS 2675.4 2.5x 40
318 TEAMLEASE 2260.15 2.5x 40
319 TECHM 845.9 2.5x 40
320 THYROCARE 1097.4 2.5x 40
321 TITAN 1244.7 2.5x 40
322 TORNTPHARM 2702.9 2.5x 40
323 TORNTPOWER 306.3 2.5x 40
324 TRENT 634.8 2.5x 40
325 TRITURBINE 69.7 2.5x 40
326 TTKPRESTIG 5471.95 2.5x 40
327 TV18BRDCST 27.85 2.5x 40
328 TVSMOTOR 446.1 2.5x 40
329 TVSSRICHAK 1518.15 2.5x 40
330 TVTODAY 200.9 2.5x 40
331 UBL 961.45 2.5x 40
332 UCOBANK 12.6 2.5x 40
333 UJJIVAN 210.55 2.5x 40
334 ULTRACEMCO 4629.1 2.5x 40
335 UNIONBANK 24.4 2.5x 40
336 UPL 454.2 2.5x 40
337 UTIAMC 487 2.5x 40
338 VEDL 101.2 2.5x 40
339 VGUARD 164.65 2.5x 40
340 VIPIND 276.55 2.5x 40
341 VOLTAS 706.4 2.5x 40
342 VRLLOG 153.8 2.5x 40
343 VSTIND 3409.85 2.5x 40
344 WABAG 187.4 2.5x 40
345 WABCOINDIA 5027.05 2.5x 40
346 WESTLIFE 375.05 2.5x 40
347 WHIRLPOOL 2040.75 2.5x 40
348 WIPRO 343.45 2.5x 40
349 WOCKPHARMA 295.65 2.5x 40
350 WONDERLA 157.55 2.5x 40
351 ZEEL 180.55 2.5x 40
352 ZENSARTECH 188.15 2.5x 40
353 ZYDUSWELL 1790.9 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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