What are the changes in interest rates in Margin plus (funding at 5paisa)?
We’re thrilled to announce that you can now start trading with leverage at a reduced interest rate. MarginPlus is the most preferred feature that helps every trader/investor to meet their cash margin requirements in all segments, and avail of 5paisa’s funding facility (Margin Funding for cash and derivative segment).
Starting from 1st October 2022, 5paisa will be reducing the interest rate for our funding facility in the cash segment from a flat 0.06% per day to a slab-wise rate starting at only 0.045% per day! This will allow you to save upto 25% interest charges on your trades!
Note: Interest rates will remain the same as before in the derivative segment.
What are the new interest rates?
Now save more with MarginPlus based on the Networth (ledger balance + holding value) Slab
Your networth for the interest slab will be determined as the Sum of your Gross Holdings and Available Ledger Balance on the last date of each month. Interest for the month will be charged according to that slab.
FAQs on Margin Plus (Funding at 5paisa)
Q 1) What is Margin Plus(funding at 5paisa)? MarginPlus is an exclusive facility designed by 5paisa for its users, which gives you the ability to trade in all segments using your entire net available margin! i.e. with MarginPlus you can trade ...
What is Margin Plus(funding at 5paisa)?
MarginPlus is an exclusive facility designed by 5paisa for its users, which gives you the ability to trade in all segments using your entire net available margin! i.e. with MarginPlus you can trade entirely using collateral margin (pledged ...
How are the interest rates calculated in Margin Plus (funding at 5paisa)?
Below are a few examples to illustrate how interest will be calculated Cash Segment Example 1: Suppose you have Stocks worth Rs.2Cr. In your Demat account, an available ledger balance of Rs.15Lac. Here your Networth will be Rs.2.15Cr. Stocks in Demat ...
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 ...
What is the changes in Limits/margin benefit from 1st Sep 2020?
SEBI and Exchanges, has introduced changes in certain rules for collection and reporting of margins received from clients. Below areas in which it will be an impact on the way you are availing margin benefit for trading. Margin Benefit while Buying ...