What is the Pay Later feature by 5paisa?

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.

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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.

    • How does Pay Later help with margin utilization?

      Instead of using only cash, you can leverage your collateral margin (approved stocks pledged as security) to increase your buying power under Pay Later orders.

    • 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. However, if you have bought a scrip under Pay Later on a particular day and wish to exit it on the same day so that your trade is ...