At FYERS, we offer Margin Trading Facility (MTF) to help you increase your buying power while keeping costs fully transparent. This article explains the interest rates, pledge and unpledge charges, DP charges, and how you can track all MTF-related costs in your account.
MTF Interest Rates
Interest is charged daily based on your total borrowed amount for the day. The rate is determined by the slab your borrowed amount falls under. Although the rates are annual, interest is calculated and accrued daily, then posted weekly to your ledger.
| Total Borrowed Amount (Daily) | Annual Interest Rate | Approx. Daily Rate |
|---|
| Up to ₹1,000 | 0% | 0% |
| ₹1,000.01 to ₹1,00,000 | 16.49% | 0.0452% |
| ₹1,00,000.01 to ₹10,00,000 | 15.49% | 0.0424% |
| ₹10,00,000.01 to ₹25,00,000 | 14.49% | 0.0397% |
| ₹25,00,000.01 to ₹50,00,000 | 12.49% | 0.0342% |
If your borrowed amount moves to a higher slab on a particular day, the higher rate applies for that day.
Pledge and Unpledge Charges
Each pledge or unpledge instruction for MTF holdings attracts a nominal fee.
| Transaction | Charge |
|---|
| Pledge Request | ₹12 |
| Unpledge Request | ₹12 |
DP Charges on Selling MTF Holdings
When you sell stocks held under MTF, a flat DP charge of ₹12.5 plus GST per stock (ISIN) per day is applied, regardless of the number of sell orders placed that day.
Example: Selling the same stock five times in one day will still incur only one DP charge of ₹12.5 plus GST.
Are There Hidden Charges?
No. We follow SEBI’s True to Label rules. Besides interest, pledge and unpledge charges, DP charges, brokerage, and statutory levies, there are no additional fees.
How to Track MTF Interest
- Ledger Statement: Weekly MTF interest entries appear under descriptions such as “MTF Interest” or “MTF Interest Reversal”. View Ledger.
- Contract Notes: All charges are itemised for each trade day.
- MTF Calculator: Use the MTF Calculator to estimate interest in advance.
Tip: Export your ledger to CSV or PDF if you want to reconcile interest calculations in detail.
What if...
| Scenario | What you should know |
|---|
| Your borrowed amount moves to a different slab | Slab rates apply per day. If your borrowings increase for a day, the higher slab rate applies for that day. |
| You place multiple pledge or unpledge requests | Each request attracts a separate ₹12 charge. |
| You sell the same MTF stock several times in one day | You will be charged DP fees only once per ISIN per day. |
| You see unexpected charges | Cross-check whether they are pledge fees, DP charges, or statutory charges. There are no hidden fees. |
| Your ledger does not show daily interest | Interest is accrued daily and posted weekly as a single consolidated entry. |
| You need help reconciling interest | Export the ledger and contract notes, and contact us for assistance. |
Last updated: 18 Nov 2025
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