Is Buy Now Pay Later (BNPL) the same as Margin Trading Facility (MTF)?
Yes, Buy Now Pay Later (BNPL) is the same as Margin Trading Facility (MTF).
What is Buy Now Pay Later?
Buy Now Pay Later (BNPL) is a delivery order where you don’t have to pay the full amount needed to buy the stock. With BNPL, you can enjoy up to 4x returns on your trades. Instead of paying 100% of the stock value, you only have to pay a fraction ...
Can we pledge stocks purchased through "Buy Now Pay Later" for margin?
Since you have already pledged the BNPL stocks, margin pledge will not be available. To know more about BNPL in Mobile App, Click Here
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 ...
What will happen if you sell Buy Now Pay Later stocks on the date of purchase?
The transaction will be treated as an intraday transaction instead of a BNPL transaction.
How do I pay up my funding for the BNPL service?
In order to close the funding (pay up so that interest is not charged), you 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 you can select the funded ...