The margin required is the amount you need to pay initially to buy stocks under margin products. Margin amount can be paid either in the form of cash or by pledging your holdings (margin pledge).

An interest rate of 0.041% per day (14.99% per annum) is charged on the borrowed amount.

There is no restriction on the duration of holding stocks under the Margin Trading Facility (MTF). You may maintain your position under the Pay Later (MTF) option for an indefinite period.

Interest is levied only from the day you have placed an MTF trade, till the day before your position is closed(either due to sell or conversion to delivery).

• If there is a margin shortfall, shares will be squared off 4 trading days after the shortfall has occurred.

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

• 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.

As per SEBI guidelines all shares purchased using PayLater(MTF) will be automatically pledged after market hours.

1. Interest will be charged from the Buy Date until Sell Date – 1 (Day prior to sell date) of your MTF transaction on the borrowed amount, including non-trading days. 
2. In case of manual Convert to Delivery(CTD) i.e. when you explicitly add funds to convert your MTF position to Delivery, you will be charged interest from Buy Date till CTD date – 1
   Can’t implement the changes in UAT. In Live this will be done. UAT errors are going on that’s why we can’t do this specific change.