What is the Good Till Date (GTD) order?

The Good Till Date (GTD) order facility in your demat account allows you to place a buy or sell order that stays active until a specific date set by you, instead of expiring at the end of the trading day. This means you don’t have to re-enter the order every day. If your price condition is met before the set date, the order gets executed. 

GTT orders are valid for up to one year. These orders stay active until the specified trigger condition is met or the user cancels them. However, if these conditions are not met by the selected date, the order will be automatically cancelled after one year. GTD is useful for long-term investors who want to buy or sell stocks at a preferred price without watching the market constantly.