Do I need to allocate funds for placing orders with VTD order facility?

Do I need to allocate funds for placing orders with VTD order facility?

Yes. Your buy orders with VTD order validity are similar to your Cash Buy orders. Prior to placing the orders, you will have to allocate necessary funds in your account.

You will have to ensure that necessary funds are available in your allocation for IIFL to place VTD orders in your account for the unexecuted quantity of the order.