Did exchange levi any penalty if my outstanding position in a given contract goes above 5% of open interest

i want to know while writing a banknifty option contract on expiry day ,if my position in given contract rises above 5 % of o.i then what can happen, did at broker level some message is given or any other things like auto square off? @nithin

The platform won’t allow you to take such a big position. If by chance you did, the broker will square off to the extent above 5%.