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.
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.
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.