How is Pay Later different from regular Delivery trades?

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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    • 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.

    • 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.

    • 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.

    • How do I convert my Pay Later holdings to Delivery?

      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.