What are the interest charges?

The interest rate on the amount funded by the broker is 0.05% per day (18% annually) . The charges are applied starting from the day after the transaction (T+1) and continue until the position is cleared.
Interest is calculated everyday but billed weekly and will appear in your ledger at the end of each week.

Introductory Offer:

As part of a limited-time offer, the interest rate is reduced to 0.032% interest per day (12% p.a.) until March 2025.

Example Scenario:

Let’s say you have ₹5000 in your trading account, and the stock you wish to buy is priced at ₹5000 per share.
If the stock qualifies for a 3x margin in MTF, you can buy up to 3 shares with your ₹5000.
Here’s how it works:
Total cost for 3 shares: ₹5000 × 3 = ₹15,000 
Your contribution (margin): ₹5000 (33.33%)
Amount funded by the broker: ₹15,000 (total) - ₹5000 (your margin) = ₹10,000 (66.67%)
Interest will be charged on the ₹10,000 funded by the broker at a rate of 0.05% per day.