The Delivery option is for users who want to buy stocks and hold them for a longer period which is more than a day.

For delivery based Equity trades:

  • To buy Stocks for CNC or for Delivery 100% money is required. This means enough funds should be available in your Upstox account. 
  • To sell Stocks as CNC, Stocks need to be available in your holdings

For Delivery based F&O trades:

  • Exchange-stipulated margins (Span+ Exposure) are required to take positions as Delivery. Positions can be held until expiry, provided the required margins are maintained.

The Intraday option is for users who want to buy/sell stocks on the same day.

For Intraday trades in Equity and F&O:

  • Trades using Intraday for additional leverage/margin. All Intraday positions shall be auto-squared 15 to 30 minutes before the markets close or when losses exceed 50% of the margin (auto square-off rule can vary based on market conditions).
  • To know more about available margins click here.

The link giving details related to - autosquare off.