What does Day Validity Type mean?

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• What does Immediate or Cancel (IOC) Validity Type mean ?

  Immediate or Cancel (IOC) is a type of order validity in the stock market. It means: Your order must be executed immediately, either fully or partially. Any part of the order that cannot be executed instantly is automatically cancelled. How it works ...

• What happens if VTD order date falls on a non trading day?

  If your VTD order validity date falls on a non trading day, the order is expired by IIFL on the last trading day which falls prior to such order valid date which is a non trading day. Post the expiry, the status of VTD order is updated as Expired ...

• What is meant by Order Validity date?

  Order Validity Date means the date chosen by you while placing Cash orders with VTD order validity. This date has to be equal to or less than the maximum validity date defined by IIFL.

• How can I specify the validity date?

  You can specify the order validity date by selecting from the calendar available placed on the order placement page near the VTD order validity field.

• Do I need to log in on every trade to place the unexecuted Cash order having a future VTD validity date?

  Once you have placed your VTD order, IIFL will place orders for the unexecuted quantity of your VTD order for all the days during the validity period or till the quantity is fully executed or cancelled or rejected due to any reason. You need to login ...