NRML product code on Zerodha

Mon, 11 May 2026 00:00:00 +0000

NRML (Normal) is a product code on Kite, Zerodha’s trading platform, used for futures and options, currency derivatives, and commodity derivatives positions that are intended to be held overnight or for multiple sessions. Unlike MIS (Margin Intraday Squareoff), there is no auto-square-off under NRML. The position remains open until the trader chooses to close it or until the contract expiry, subject to margin maintenance requirements.

NRML positions are margined at the full exchange-mandated SPAN (Standard Portfolio Analysis of Risk) plus exposure margin, without the intraday discount that MIS provides.

NRML on WebNotes

NRML product code on Zerodha