What Are the Interest Rates, Charges, and How Can I Track Them in FYERS MTF?

What Are the Interest Rates, Charges, and How Can I Track Them in FYERS MTF?

FYERS offers Margin Trading Facility (MTF) to help you buy approved stocks by paying a portion of the trade value upfront while FYERS funds the remaining amount. This article explains the latest MTF interest slabs, pledge and unpledge charges, DP charges, brokerage, and where you can track MTF-related costs in your account.

MTF Interest Rates

MTF interest is charged on the funded amount, which is the amount borrowed under MTF. The applicable interest rate is based on the total borrowed amount for the day. Although the rates are annual, interest is calculated daily and posted to your ledger weekly.

Total Borrowed AmountAnnual Interest RateApprox. Daily Rate
Up to ₹1,0000% p.a.0%
₹1,000.01 to ₹1,00,00016.49% p.a.0.0452%
₹1,00,000.01 to ₹10,00,00015.49% p.a.0.0424%
₹10,00,000.01 to ₹25,00,00014.49% p.a.0.0397%
₹25,00,000.01 and above12.49% p.a.0.0342%
Only one interest rate applies per day based on your total borrowed amount. If your borrowed amount moves to a higher slab on a particular day, the applicable slab rate applies to the full borrowed amount for that day.

MTF Pledge and Unpledge Charges

MTF holdings must be pledged as per the required process. Each MTF pledge or unpledge request attracts a separate charge.

TransactionCharge
MTF Pledge Request₹12 + GST
MTF Unpledge Request₹12 + GST

Brokerage and DP Charges on MTF

MTF trades attract brokerage and applicable demat debit charges when MTF holdings are sold.

Charge TypeApplicable Charge
MTF Brokerage₹20 or 0.3% per executed order, whichever is lower
DP Debit Charges on Sell₹12.50 + GST per scrip

For example, if you sell the same MTF stock multiple times on the same day, the DP charge is applied once for that scrip for that day.

Are There Any Hidden Charges?

No. Apart from MTF interest, MTF pledge and unpledge charges, brokerage, DP charges, GST, and applicable statutory or regulatory charges, there are no hidden MTF charges.

How to Track MTF Interest and Charges

  • Ledger Statement: MTF interest is posted weekly in your ledger. You may see entries such as “MTF Interest” or “MTF Interest Reversal”. View Ledger.
  • Contract Notes: Brokerage, statutory charges, and other trade-day charges are itemised in your contract notes.
  • MTF Calculator: Use the FYERS MTF Calculator to estimate MTF interest and charges before placing a trade.

When is MTF Interest Posted to the Ledger?

MTF interest is calculated daily on the funded amount and posted weekly to your ledger.

The weekly MTF interest cycle runs from Wednesday to Tuesday. The total interest accumulated during this period is calculated and posted as a separate ledger entry on Tuesday EOD.

For example, interest accrued from Wednesday through the following Tuesday will be consolidated and posted to your ledger at the end of the day on Tuesday.

You can export your ledger in CSV or PDF format if you want to reconcile MTF interest and charges in detail.

What If?

ScenarioWhat You Should Know
Your borrowed amount moves to another slabThe applicable slab is checked daily. The rate for that day applies to the full borrowed amount for that day.
MTF pledge or unpledge requestsEach MTF pledge or unpledge request attracts a separate charge of ₹12 + GST.
You sell the same MTF stock multiple times in one dayDP charges are applied once per scrip for that day.
Your ledger does not show daily MTF interest entriesMTF interest accrues daily but is posted weekly as a consolidated ledger entry.
You need help reconciling MTF chargesDownload your ledger and contract notes, then contact FYERS support for assistance.

Last updated: 15 Jun 2026

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