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.
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Can I place an AMO (After Market Order) order using Pay Later (MTF)?
Yes, AMO orders can be placed using Pay Later; however, only limit orders are allowed for AMO.
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. To view your MTF (Pay Later) holdings under the Current Holdings section, please follow the path below: ...
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.
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. However, if you have bought a scrip under Pay Later on a particular day and wish to exit it on the same day so that your trade is ...
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.