Can I use Pay Later for intraday trading?
No, Pay Later is specifically designed for delivery-based trades
using margin. It is not applicable to intraday orders. However, if you have
bought a scrip under Pay Later on a particular day and wish to exit it on the
same day so that your trade is considered intraday, you can do so by closing
your position from the Positions section.
Below is the path to exit your Pay Later positions bought on the same day:
Through App:
Login >> Stocks >> Book >> Positions >> Tap on the
position with the Pay Later flag and click on Square Off
Through Web:
Login >> Order & Position >> Positions >> Locate the
position with the Pay Later flag and tap on the Square Off icon beside the
position, represented by the (x) symbol.