*Terms & Conditions – Margin Trading Facility (MTF) Rate Structure except for Invest Plus Plan
1. The applicable MTF interest rate shall be determined based on the investor’s Average Daily Debit Balance (ADDB) for the billing cycle. ADDB will be calculated based on the daily outstanding debit balance in the client’s MTF ledger over the month.
2. The MTF rate will be applied based on the following ADDB ranges:
| Average Daily Debit Balance (₹)
|
Applicable MTF Rate
|
MTF at Existing BR
|
| Zero to 7,50,000 |
Base Rate (BR) |
18% |
| 7,50,001 to 12,50,000 |
BR less 1% |
17% |
| 12,50,001 to 15,00,000 |
BR less 2% |
16% |
| > 15,00,001 |
BR less 3% |
15% |
3. Above MTF interest rates are not applicable for Invest Plus Plan.
4. Interest rate slab will be reviewed and applied at the end of each billing cycle based on that month’s ADDB.
5. Interest will be charged on a daily basis and posted monthly.
6. BR is subject to change at the discretion of the company with prior notice (as per regulatory requirements). Any revision in BR will automatically impact the interest rates under all slabs.
7. The company reserves the right to modify slabs, charges, or terms at its discretion.
**Terms & Conditions – Margin Trading Facility (MTF) Rate Structure for Invest Plus Plan
Invest plus is an MTF plan offering an interest free facility of up to ₹1 Lakh. However, the Client may opt to extend the margin beyond the limit of ₹1,00,000/- within a calendar month of onboarding the Client, subject to interest at the rate of 15% (fifteen percent) applicable upon the extension value beyond the free limit. Interest @15% P.A. will be charged on total value post the calendar month. The maximum Margin Trading Facility funding permitted per user is capped at ₹2 Lakh in the Invest Plus plan. To avail the funding beyond this limit, the client must switch to either the Invest Pro or TradeMax plan.