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What Is the Difference between NRML and MIS order types?

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NRML and MIS are the product types used while placing trade orders that specify whether you are doing intraday trading or taking an overnight position.

NRML Vs MIS Order Type

NRML MIS

NRML stands for Normal order.

MIS stands for Margin Intraday Square off

NRML is used to take overnight position or to carry forward the positions

MIS is used for intraday trading i.e. buying and selling the same stock same day.

Applicable only for F&O, Currency, and Commodity segment.

Applicable across all segments viz. Equity, F&O, Currency, and Commodity

No leverage available for NRML orders

Leverage up to 5x times available for Equity MIS orders

NRML positions can be held till expiry.

MIS positions need to be closed the same day.

NRML orders do not get auto squared off.

MIS orders carry the risk of auto square off with charges if not squared off within specified time.


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