Paylater
Can I use Pay Later for intraday trading?
No, Pay Later is specifically designed for delivery-based trades using margin. It is not applicable to intraday orders.
Will I be charged interest on Pay Later positions?
Yes, MTF/Pay Later trades are interest-bearing. Charges depend on the duration and 5Paisa-defined rates. Refer to the 5paisa pricing page for exact details.
What are the benefits of using Pay Later?
Better control and flexibility in trading Enhanced leverage using collateral margin Transparent view of cash vs. leveraged positions Easy conversion and tracking of MTF holdings
How do I activate the Pay Later feature?
New Users: You can activate Pay Later instantly via the Order Form → Pay Later / Margin section by accepting the terms. Existing Margin Plus Users: Pay Later is already active by default.
How quickly are conversion requests processed?
Conversion requests are processed on the same day, with immediate margin blocking once the request is submitted.
Where can I see my Pay Later holdings?
All your MTF (Pay Later) holdings appear under the Current Holdings section. You can place new buy orders or initiate conversions from there.
Can I partially convert my Pay Later positions?
Yes, partial or full quantity conversions are allowed. However, you can only submit one request per script per day.
How do I convert my Pay Later holdings to Delivery?
You must initiate the conversion manually: Go to the platform’s ‘Convert to Delivery’ section. Ensure sufficient funds are available. Submit a conversion request. Note: No automatic conversion is done.
Is there a separate ledger for Pay Later transactions?
Yes, 5paisa maintains: Equity Ledger MTF Ledger This gives you clear visibility of your actual cash and leveraged positions.
How does Pay Later help with margin utilization?
Instead of using only cash, you can leverage your collateral margin (approved stocks pledged as security) to increase your buying power under Pay Later orders.
Which stocks are eligible for Pay Later (MTF)?
Over 750 stocks are available under Pay Later. You can check a stock’s eligibility for MTF or T+5 directly on the Pay Later screen.
How can I place a Pay Later order?
On the order form, you’ll see an option to choose between Delivery and Pay Later. Select Pay Later to use leverage instead of full cash upfront.
How is Pay Later different from regular Delivery trades?
Delivery Orders: Require 100% cash margin upfront. Pay Later Orders: Let you use collateral margin based on stock-specific leverage, boosting your buying power.
What is the Pay Later feature by 5paisa?
Pay Later is a premium trading feature combining Margin Trading Facility (MTF) with a T+5 settlement period. It allows you to use your collateral margin for delivery trades, giving you more flexibility and control.