How do I activate the Pay Later feature?

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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.

• 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.

• 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.