When you place an MTF order, on the same day you will get a notification from Upstox to authorise the order on CDSL before 7.00 PM. Click on this notification to complete the authorisation.
Detailed steps to authorise MTF through a mobile application:
Step 1: Log in to our mobile app
Step 2: Click on the ‘Accounts’.
Step 3: Navigate to Profile --> My Account, and Click Profile.
Step 4: Select ‘Actions’ Tab.
Step 5: Click on ‘MTF Authorisation’.
Step 6: Click on ‘Authorise pending’.
Step 7: Click on ‘Continue to CDSL’.
Step 8: You will be redirected to the CDSL site where you need to enter the OTP sent on your registered mobile number and email id.
Step 9: Verify the OTP and you will receive a notification confirming that ‘You have successfully authorised the trades”.
Authorisation is a mandatory step from CDSL. If you do not authorise your MTF positions before 7 PM on the same day, then we will convert your MTF position to delivery at the end of the next trading day. This means your MTF position will start reflecting under the holdings tab from T+1 day. If you do not have sufficient funds after conversion to delivery, we will have to recover the amount by selling your converted holdings by T+2 days.
Terms & Conditions Apply:
RIGHTS & OBLIGATIONS OF STOCK BROKERS & CLIENTS FOR MARGIN TRADING FACILITY (MTF) - NSE & BSE