5.9What is intraday square-off?
1What is it?
Square-off means closing your intraday position, by selling what you bought or buying back what you sold. If you don’t, the broker does an auto square-off near the close (around 3:15–3:25 p.m.).
2Why does it exist?
It ensures all intraday positions end the day flat.
3Risks
- Auto square-off happens at market price, often with an extra fee (e.g. ₹50 + GST).
4Quick revision
- Square-off = close the position.
- Auto square-off near 3:15–3:25 p.m.
- Extra charges for auto square-off.
5Knowledge check
Q1. What does "square off" mean?Show answer
Close an open position.
Q2. Around what time do brokers auto square-off?Show answer
About 3:15–3:25 p.m. (varies).
Q3. Is auto square-off free?Show answer
Often not; brokers charge a fee.