Valid Till Date (VTD)
How will VTD orders be settled?
The settlement for your VTD orders would be done in the same manner as normal cash transactions.
Is the brokerage rate different for normal Cash transactions and VTD orders?
No. There is no change in the brokerage rates for your normal Cash transactions and VTD orders. The Brokerage rates and applicable charges are same for your normal Cash transactions and VTD orders.
Can I cancel VTD orders?
Yes. You can login to your account and visit the Equity order book to cancel your VTD orders any time when the order is in 'Ordered status' (during market hours) or 'Requested status' (after market hours). Once you have cancelled your VTD order, your ...
Can I modify VTD orders?
Yes. You can login to your account and visit the Equity order book to modify the quantity or limit price of your VTD orders. Please note that you will be able to modify the order only when the order is in 'Ordered status' (during market hours) or ...
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.
How would I know that orders for the unexecuted quantity of VTD orders will no longer be placed by IIFL?
You can view the status of your VTD orders by visiting the order book of your Equity trading page. On clicking the order valid date against the respective order, if the Status column displays Rejected (Closed) or Expired (Closed) then the order would ...
Where can I view the details of VTD orders?
You can view the details of VTD orders in your account under the Normal Equity order book. To view further details of orders placed by IIFL for the unexecuted quantity during the validity period, you can visit the Order placement log on the Order ...
What would orders for the unexecuted quantity of VTD orders be placed by IIFL?
If your VTD order remains unexecuted and is not cancelled, nor rejected due to any reason then daily orders for the unexecuted quantity will be placed as overnight orders by IIFL during the validity period, i.e. until the order validity date is less ...
What will happen in case there is a corporate action happening in the scrip in which I have placed VTD order and order is still valid?
If a corporate action is announced in any scrip then such scrip will be disabled by IIFL for VTD overnight order placement on your behalf from Ex Date minus 1 day till Record date. If your VTD order in such scrip is still valid then your orders in ...
How many VTD orders can I place in a day? Is there any restriction on the number of scrips in which VTD orders can be placed?
No, there are no such restrictions. You can place multiple VTD orders in a day. Also, orders can be placed in different scrips as well as with different valid dates in the same scrip.
Can I place VTD order through Call NTrade?
Yes. You can place your VTD orders through Call N Trade.
Can I place VTD orders at any time during the day?
Yes. You can place VTD orders at any time during market hours and even post market hours when the website is open for placing overnight orders.
In which exchanges can I place VTD orders?
You can place VTD orders on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). Kindly note that VTD is an additional facility in the nature of a new order type, offered by IIFL to its customers and is not a product provided by ...
Can I place VTD orders in any scrip?
VTD orders can be placed in all scrips that are enabled for placing cash orders.
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 ...
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 ...
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.
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.
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 ...
Why should I buy/sell orders with VTD validity?
VTD facility allows you to place buy/sell orders for the unexecuted quantity of your shares as per your Market or Limit price till your specified order validity date or till the entire quantity is executed, whichever is earlier. With this facility if ...
Can I place Cash orders with VTD order validity during the pre-open session?
You can place Cash orders with VTD order validity in all scrips during the pre-open session but only orders in scrips that are pre-open enabled will be sent to exchange during the pre-open session. Orders in all other scrips not enabled for pre-open ...
Can I place Market Cash orders with VTD order validity?
Yes. Cash orders with VTD order validity are allowed with Market Price.
Can I place Buy and Sell orders with VTD order validity?
Yes, VTD order validity is available for both your Buy as well as Sell orders in Cash product.
Is VTD order placement feature available for all the products?
No. The facility of having VTD order validity is available only for placing your orders in Equity Cash product and not in any other product.
Can all clients of IIFL avail VTD facility?
Yes. All online existing and new clients of IIFL who are eligible to trade in Equity Cash product can avail VTD facility for order placement.
How does VTD order feature work?
When you place a VTD order, you give an order instruction to IIFL stating that if the order is not executed for the entire quantity, IIFL is authorised to place fresh orders for the unexecuted quantity in your account on the subsequent trading days ...
What is Valid Till Date (VTD)?
Valid Till Date VTD is a new facility offered through IIFL using which you can place buy and sell Limit orders in scrips of your choice specifying the period for which you want the order instruction to be valid. The period selected by you should be ...