What will happen if you sell Buy Now Pay Later stocks on the date of purchase?

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• 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 ...

• 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 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

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

  You can hold your stocks for an indefinite period.

• How client can sell stocks without POA?

  Steps to enable e-DIS facility through IIFL Markets App 1. Client need to login to IIFL Markets App with Valid credentials 2. Once client logged in successfully , he need to go to Portfolio section and click on the button "Enable Selling˜ at the ...