What are the changes in interest rates in Margin plus (funding at 5paisa)?

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
Interest Rates
Your Savings
Above 1Cr.
0.045% per day (16.43% p.a)
25.0%
Between 5Lac. and 1Cr.
0.05% per day (18.25% p.a.)
16.7%
Below 5Lac.
0.06% per day (21.95% p.a.)
-

Note:
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. 

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