Announcements

As an Upstox Equity Intraday trader, you have been able to use your speculation profits on T+1 day to place trades. However, from 27th August 2021 you shall only be able to use these profits from T+2 days onwards.

What are speculation profits?
Speculation or profits refer to the day-to-day (Intraday) profits/losses on your positions. It keeps fluctuating based on your trading position and the prevailing market prices. 

Why will you not be able to use speculation profits on T+1 day?

When you sell/exit Intraday trades, the Exchange takes T+2 days to credit the profits to a broker and thereby to your account. Hence, any profits used by you on T+1 could  lead to a margin shortfall which is liable to penalties. To protect you from such penalties, we have decided to discontinue the use of such profits on T+1 day  in your best interest. 

Summarising, what this means for you:

• From 27th August 2021 onwards speculation profits can be used to place trades only from T+2 days and not on T+1 day 
• This is only applicable for Intraday Equity traders and not F&O traders

We apologise for any inconvenience caused and thank you for your patience. 

While that is for Equity Intraday, read more about profits on Equity Delivery orders here: https://help.upstox.com/support/solutions/articles/251537-what-is-the-settlement-cycle-when-i-sell-my-holdings-