Will all stock bought as BNPL be considered for the funding?
No.. Funding is allowed only in the stock available in the
list of Group 1 securities (IIFL E A B C D) published by exchange every month.
The same must be bought in NSE only and no funding will be allowed if stock is
bought in BSE.
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If clients have bought the stock as BNPL and sell the same as delivery or intraday trades done then funding will be initiated for the shares bought as BNPL?
No, it will be treated as intraday trades only on the FIFO method and no full funding will be initiated.
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 it required to authenticate OTP to pledge the shares bought under MTF / BNPL?
As per NSE circular NCL/CMPT/66688, Shares bought under MTF/BNPL on February 24, 2025 and onwards, will be automatically pledged, no OTP confirmation required.
If client bought a stock, when will it be visible in the Holdings?
After client buy a share, it will take T+1 day to be visible in client's Holdings. Till then, it will be visible in client's Positions tab.(Eg, if client buy a stock on Monday, it should reflect in client's Holdings on Tuesday) Note: Client's shares ...
If there is any corporate action in stock then what will happen if stocks are funded?
Funding will be removed, and debit will be transferred to the IIFL ledger. Also, MTOM loss will be debited to the IIFL ledger.