If you have failed to square off your Intraday/ BO/ CO positions in any segment, auto square-off charges of Rs.59 (Rs.50 + 18% GST) will be deducted from your account.

To avoid auto square-off charges, you need to square off all CO positions by 3.10 pm, for Equity (BSE & NSE) by 3:15 pm & for NSE FNO (Futures & Options) by 3:20 pm. Also for Currency Derivatives before 4:30 PM and for Commodities (MCX) segments 10:50 PM. 

Should this not be done by you before the cut-off time, Upstox will square off the orders, treating it as a call and trade order levying the auto-square-off charge on you.