Is BNPL applicable to all stocks?
This order type is valid only for NSE Cash segment buy side orders and is not available for F&O segment, BSE Cash segment buy side orders and NSE, BSE Cash segment sell side orders.
On the IIFL markets app you can check the stocks on which BNPL is applicable -
- Click on the (i) button from your BNPL summary section
- On the product page click on "View all BNPL eligible stocks"
That's it! you can check Haircut & leverage amount of every BNPL eligible stock.
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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.
Is GTT applicable on all stocks?
This type of order is valid for all NSE, BSE Cash and NSE F&O scrips. GTT orders are valid for 365 days from the date of creation or till the expiration date of the contract, whichever is minimum.
How client can pay up the funding for the BNPL service?
In order to close the funding (pay up so that interest is not charged), client have two options - 1. Sell the stock 2. Pay from trading ledger. Paying from trading ledger option will be available from the Funds page. Here client can select the funded ...
How to activate BNPL?
While placing the BNPL order you will see terms for Buy Now Pay Later service activation. Act of placing a BNPL order will be a consent for activating Buy Now Pay Later service. After the order is placed, BNPL service activation will be done in 24-48 ...
How to avail BNPL?
Client can choose the product "BNPL" and place a buy order. After that the shares will be auto-pledged by the system.