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.
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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.
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.
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