What is the Pay Later feature by 5paisa?

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• 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.

• 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.