What is the T+5 product?

T+5 lets you buy equity with up to 5X funding and hold the position interest-free for up to 5 trading days. On the 6th trading day you either pay for the shares to keep them, sell them yourself, or the system squares them off.

Key features

• Up to 5X leverage — buy with up to 5 times your available funds to maximise your buying power.
• Hold up to 5 trading days — Saturdays, Sundays and exchange holidays are not counted.
• Interest-free — no interest is charged on the outstanding debit during the holding period.
• Impact on your ledger — your available funds are used first, and the funded amount is then debited from your ledger.
• Available everywhere — on all Rupeezy platforms: Web, the mobile app and the TV Terminal, plus our Trade-over-phone desk (0755-4268556).

How long can I hold a T+5 position?

You can hold your equity positions for up to 5 trading days from the transaction date. Saturdays, Sundays and exchange holidays are not counted. For example, if you buy shares on a Monday, the 5 trading days run through that trading week (the weekend in between is not counted). On the 6th trading day, if adequate funds are available the position is not sold; otherwise, it is squared off on the 6th trading day.

What are my options on the 6th trading day?

You have three options:

• Keep the stock — clear the ledger debit by adding funds, or by selling any other holding. The pledge is then released and the stock becomes a normal Delivery holding.
• Exit the stock — sell the T+5 stock yourself, which also clears the debit.
• Do nothing — the system automatically squares off the position. The auto square-off can only sell the T+5 stock itself, because that is the stock pledged in CUSPA.

How does T+5 work?

If you purchase securities under T+5 and it results in a negative balance in your trading ledger, the unpaid securities are transferred to your demat account when the exchange payout is received on the T+1 day (settlement day). These securities are automatically marked for pledge against the Client Unpaid Securities Pool Account (CUSPA). If payment is not made within T+5 days, our risk management team sells those unpaid securities in accordance with our RMS policy, and the securities are invoked to our CUSPA account to meet the exchange securities pay-in obligation.

Corporate actions: All corporate actions — such as splits, bonuses and dividends — occur directly in your demat account. This gives greater transparency and removes operational inconveniences like fractional entitlement against splits and bonuses, dividend credit in the trading ledger, and accounting for TDS on dividends.

What are the charges?

The following charges can apply to a T+5 trade:

• Brokerage — on the buy side; the sell side is as per delivery charges.
• Pledge and unpledge charges — when shares are pledged to the CUSPA account and later unpledged.
• Demat transaction charge — for pay-in when the securities are sold.
• Stamp duty — a statutory charge on the sale.

For the current amounts, please visit our pricing page.

How does T+5 affect my holdings and average buy price?

A T+5 purchase is delivered to your demat account on the T+1 settlement day (held under pledge against CUSPA until you clear the debit). Because it sits in your demat, it becomes part of your holdings in that stock, and any sale follows first-in-first-out (FIFO) accounting.

• If you pay for the shares (clear the debit by adding funds or selling other holdings) — they are fully yours, exactly as if you had bought more of the stock. They merge with any existing holding of the same stock and update your average buy price.
• If the position is sold or auto-squared-off — FIFO applies. If you already held the same stock before your T+5 trade, your oldest shares are delivered first, so the square-off can sell your earlier holdings rather than the T+5 shares. This changes the cost basis and the profit or loss booked on the sale.

How is T+5 different from MTF?

T+5 gives you similar funding to MTF, but on all stocks, interest-free, and for a shorter holding period.

For the exact brokerage, interest and other charges on each product, see our pricing page.