'Intraday' facilitates you to trade with lower margins i.e 15-20% without taking any delivery position. You have to square off the position on the same day before a pre-defined time or else you can convert the intraday postion into delivery by paying full order value. Profits, if any will be credited on T+2 working days in your linked Savings account. Loss, if any will be debited from your linked savings account on the same day