Short answer

iRage may square off positions in the following scenarios:

Your positions can be squared off if the collateral value from your pledged stocks reduces due to increased haircuts or if the value of your pledged stocks drops. You can find the haircut percentage for approved securities on Arrow by visiting arrow.trade/approved-securities.

Your positions can be squared off if you do not close your intraday positions before the designated square-off time.

If your MTM losses exceed 50% of the funds in your Arrow account, your position may be squared off.

If you do not maintain the required margins to hold your position, iRage sends you a margin call SMS and email notifying you to add funds. iRage may square off your position if you do not add the required funds.

Auto square-off charge of ₹50 + 18%GST will be levied for each order squared off by iRage.