T+5 Order
Get margin for upto 5 days on select stocks.
For stocks eligible for T+5, the option to purchase them with T+5 margin will reflect under the "Pay Later" tab on the order placement window. A stock will be booked as T+5 after purchase only when your ledger is in debit. To understand better:
1. If you buy something from the T+5 tab but have sufficient free balance in your account, the stock will reflect under the Pay Later tab tagged as "T+5" in your portfolio until T+1 day and then move to your regular (delivery) holdings.
2. If you buy something as a delivery stock but fall into debit later due to margin shortfall, those holdings will also get marked as T+5 and will reflect in the Pay Later tab with a "T+5" tagging.
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