What is meant by Order Validity date?

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• 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.

• How can I differentiate between VTD order validity and other cash orders?

  VTD orders have a validity date displayed under the Order Ref./Channel/Order Valid Date column in the order book.

• 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 ...

• 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 ...

• Can I place Market Cash orders with VTD order validity?

  Yes. Cash orders with VTD order validity are allowed with Market Price.