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

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• 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.

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

  You can hold your stocks for an indefinite period.

• Why is there a difference between the quantity of MTF stocks in the `Pay Now’ window vis-à-vis the actual MTF purchase? How many shares will I receive for making any part payment using the `Pay Now’ window?

  The difference in quantities would be to the extent of the initial margin collected in the form of cash and considered as `Maintenance Margin’. Hence, in case you make any payment for the said securities using the ‘Pay Now’ window, the quantity for ...

• Why should I buy/sell orders with VTD validity?

  VTD facility allows you to place buy/sell orders for the unexecuted quantity of your shares as per your Market or Limit price till your specified order validity date or till the entire quantity is executed, whichever is earlier. With this facility if ...