The features of Intraday Futures are :                                                                                    

A. Allows you to trade in Futures with lower margins. Example: For buying 1 lot of Axis Bank (Lot size : 250 @ Rs.1500) funds required are Rs. 375000 whereas in Intraday futures funds required will be approximately 15% of the total order value i.e .56250 {(250 * 1500)*15%}

B. Intraday Futures position can converted to regular Futures position by paying additional funds.