Is Buy Now Pay Later (BNPL) the same as Margin Trading Facility (MTF)?

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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. 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 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 ...

• Is there any maximum duration one can hold "Buy Now Pay Later" stocks?

  You can hold your stocks for an indefinite period.