What is the interest rate charged for MTF?

---

Interest rates applicable for MTF trades are as follows: 

Day	Interest (%)
From T+1 day till 15th day	6.99* % p.a
From 16th day	18% p.a

* 6.99% interest is applicable for squaring off position within 15 days. If the position is not squared off within this period, an interest rate of 18% p.a. will be charged from T+1 day onwards.

FAQ

1. What is Margin Trading Funding (MTF) ? 
2. What are the advantages of Margin Trading Funding (MTF)?
3. Who can use the Margin Trading facility (MTF)?
4. How do I place an MTF order?