What is the interest rate on MTF and how is it calculated?
Interest rate of 2% per month is applicable for client accounts opened till 30/08/2024.
Effective from 1st September 2024, , our MTF (Margin Trading Facility) interest rates start as low as 14.99% per annum, making them some of the most competitive in the industry. The higher the funding availed, the lower the cost.
| Funding Amount | Annual Interest Rate | Per Day Rate | Cost per Day for ₹50,000 Funding |
|---|---|---|---|
| Above ₹1 Crore | 14.99% | 0.041% | ₹20.53 |
| ₹75 Lakhs to ₹1 Crore | 15.99% | 0.044% | ₹21.90 |
| ₹50 Lakhs to ₹75 Lakhs | 17.99% | 0.049% | ₹24.64 |
| ₹25 Lakhs to ₹50 Lakhs | 19.99% | 0.055% | ₹27.38 |
| Less than ₹25 Lakhs | 21.99% | 0.060% | ₹30.12 |
Note: These rates are applicable for new client accounts opened on or after 1st September 2024.
How is Interest calculated:
Interest is calculated on the end of the day Debit balance and posted to the clients' ledger on a weekly basis
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