An interest rate of 0.049% per day (18% per annum) is charged on the borrowed amount.

You can hold your position under Pay Later (MTF) for a maximum of 90 days. Post 90 days, your position will be squared off based on script-wise ageing to the extent of the debit overdue by 90 days.

Interest is levied from the 2nd day onwards after you place a Pay Later (MTF) trade till the outstanding amount is cleared and/or your position is squared off.

For shares purchased under Pay Later (MTF), square-off will be triggered in either of the below scenarios:

• You need to pledge the shares purchased under Pay Later (MTF) before 9 PM on the day of purchase. If you fail to do so, your shares will be squared off after 7 trading days.
  
• If there is a margin shortfall, shares will be squared off 4 trading days after the shortfall has occurred.

You need to pledge your respective shares by 9 PM on the same day. In case you do not pledge your shares, the same will be squared off on T+7 day.

When you raise a request to pledge or unpledge your shares, a charge of ₹20/- plus GST is levied per scrip.

You can take fresh positions in Margin Trading, as long as you are able to provide sufficient Margin.

Once your request for Pay Later (MTF) is approved, you will receive the link from CDSL on the same day. Please check your Email/SMS for communication related to the Pay Later (MTF) Pledge Request Initiated.

• Margin Pledge: Margin Pledge means using your existing holdings/portfolio to get an additional limit/margin. You can then use this additional margin to buy more shares.
• Pay Later (MTF) Pledge: As per SEBI guidelines, shares bought under Pay Later (MTF) have to be compulsorily pledged. This is called the Pay Later (MTF) pledge. Unlike the Margin Pledge, you do not get an additional limit against these shares.

No. Pay Later (MTF) Facility is applicable only for trading in equity shares.