Is it required to authenticate OTP to pledge the shares bought under MTF / BNPL?

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• Shall we get margin on T+1 for stock bought today in MTF?

  Yes, Need to authenticate by client to pledge the stock in MTF before 8:30 PM on T Day only

• 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).

• Can client sell the shares in NSE which are bought in BSE?

  Yes, client can sell the shares in NSE which have bought in BSE.

• 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.

• How to activate BNPL / BMFD/ MTF ( Margin Trading Funding)

  To activate BNPL: Mobile App: Log in to the IIFL Markets app. Tap on your Client Code from the hamburger menu. Select View/Edit Details. Navigate to “My Profile,” tap on the BNPL icon, Tick the checkbox confirming that you have read and accepted the ...