How client can pledge the BNPL trades?

IIFL MARKETS APP -

Pledge post order placement. This flow is shown to clients whenever, a BNPL market order is placed

Step 1 - 

Step 2 -

Step 3 - In a few seconds user will be redirected to the authorization screen

Step 4- User must click on authorize now and must enter the OTP on the cdsl web site and then click on Verify.

BNPL summary user flow –

Clients can also pledge their BNPL stocks from BNPL Summary Tab.

Post OTP process, the ‘Authorize Now’ link in BNPL summary tab would disappear after 5 minutes. However, if the link isn’t removed that means pledge validation is rejected. Clients can also view their pledge status from Summary section.

Step 1- User can check his BNPL summary, and it will show the user if any BNPL transaction is pending to authorize.

Step 2- User must click on authorize now card to pledge his BNPL transactions.

Step 3- User must click on authorize now and must enter the OTP on the CDSL website and then click on Verify.

That's it! Your stocks will be pledged and you will get BNPL benefit. You can pledge till T+2 days by visiting the Markets App or TT web.

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• What if client don't pledge the BNPL trades?

  The entire amount for that trade will have to be paid. The amount to be paid will either be debited from client's ledger or in case of insufficient balance, the stock will be auto squared-off on T +6 day. Interest will be charged on the remaining ...

• Do client need to activate BNPL everytime to place an order ?

  Since client have already pledged the BNPL stocks, margin pledge will not be available.

• How to avail BNPL?

  Client can choose the product "BNPL" and place a buy order. After that client need to pledge the stock to avail margin benefit.

• Can client pledge stocks purchased through "Buy Now Pay Later" for margin?

  Since client have already pledged the BNPL stocks, margin pledge will not be available. To know more about BNPL in Mobile App, Click Here

• Where do client F&O trades appear?

  All F&O trades of client will appear in the positions tab of the Portfolio. This tab also shows that all intraday, delivery trades that client bought or sold & as well as client's closed positions.