The debit intimation is just to keep clients informed with the limit available in the account and also to avoid any kind of exchange margin shortfall penalty and squaring off the position.
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 ...
After the BNPL trades are pledged, we'll charge an interest of 18.25% per year (or interest rate agreed with IIFL Capital) on the borrowed amount. The interest will be debited on a weekly basis.
This order type is valid only for NSE Cash segment buy side orders and is not available for F&O segment, BSE Cash segment buy side orders and NSE, BSE Cash segment sell side orders. On the IIFL markets app you can check the stocks on which BNPL is ...
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 ...