From when are the new MarginPlus (funding at 5paisa) interest rate changes applicable?
The Update in interest rates for MarginPlus will be effective from 1st October 2022.
If you have any open MTF positions as on 1st October 2022, the interest charged on all your MTF positions from that day onwards will be according to the new rates as per your Networth slabs*
*If your Networth is above 1Cr then the interest rates charged will be 0.045% per day
If your Networth is between 5Lac and 1cr then the interest rates will be 0.05% per day
If your Networth is below 5Lac then the interest rates will be 0.06% per day.
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