If you have failed to square off your Intraday/ BO/ CO positions in any segment before 3:00 PM, auto square-off charges of Rs.23.60 (Rs.20 + 18% GST) will be deducted from your account.

To avoid auto square-off charges, you can square off the Intraday/ BO/ CO positions yourself anytime before 3:00 PM. for Equity and F&O; before 4:30 PM for Currency Derivatives and 10:0 PM for Commodities (MCX) segments.

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.