Do I need to pledge/authorise my MTF holdings?
Yes, you need to authorise your MTF holdings via OTP on the day of purchase between 4:00 PM and 9:00 PM.
If you do not authorize the holdings within this window, your MTF position will be treated as a normal holding, which could lead to a margin shortfall. In such cases, you may be required to add funds, or your position may be reduced or squared-off by our Risk team. Kindly, ensure timely authorisation to avoid any disruptions in your trading.
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If I’ve given a POA, do I need DDPI for MTF trading?
No, you don’t need a DDPI (Demat Debit and Pledge Instruction) if you have already provided a Power of Attorney (POA). A POA allows us to carry out specific transactions on your behalf, including debiting securities from your Demat account and ...
What are the pledge charges on MTF?
At FYERS, the following charges apply for MTF (Margin Trading Facility) transactions: Pledge Request: ₹12 per transaction Unpledge Request: ₹12 per transaction These charges are standard for each transaction and help you plan the costs involved in ...
Are DP charges applicable when selling MTF holdings, and are regulatory charges the same as for CNC?
Yes, The DP (Depository Participant) charges for selling MTF holdings are ₹3.50 plus 18% GST. Additionally, you may be eligible for discounts based on specific conditions. The details are outlined in the table below: Transaction Type DP Charges (₹) ...
How to activate Margin Trading Facility (MTF) in FYERS Web?
To activate the Margin Trading Facility (MTF) in FYERS Web (available only on Web 1.5 Version), follow these steps: Enable DDPI: Ensure that the Demat Debit and Pledge Instruction (DDPI) is enabled before proceeding. If you haven't enabled DDPI yet, ...
Can I convert an MTF position to Overnight?
Yes, you can convert your Margin Trading Facility (MTF) position to an Overnight position (CNC). Important considerations before converting: Submit your request between 9:00 AM and 9:00 PM, as requests outside this timeframe will not be processed. ...