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?

When you use Margin Trading Facility (MTF) at FYERS, costs include interest on borrowed amounts, pledge/unpledge charges, DP charges, and standard statutory charges. All charges are transparent, with no hidden fees.

MTF Interest Rates

Interest is charged daily on the borrowed amount under a slab-wise structure. The slab is based on your total daily borrowed value, not the duration of holding. Although the rates are quoted annually, interest is calculated and accrued daily, then posted weekly to your ledger.

Total Borrowed Amount (Daily)Annual Interest RateApprox. Daily Rate
Up to ₹1,0000%0%
₹1,000.01 – ₹1,00,00016.49%0.0452%
₹1,00,000.01 – ₹10,00,00015.49%0.0424%
₹10,00,000.01 – ₹25,00,00014.49%0.0397%
₹25,00,000.01 – ₹50,00,00012.49%0.0342%
If your borrowed amount crosses into a higher slab, the higher rate applies for that day.

Pledge & Unpledge Charges

A nominal fee applies for every pledge or unpledge request associated with your MTF holdings:

TransactionCharge
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 + GST per stock (ISIN) per day applies, regardless of the number of sell transactions for that stock in one day.

Example: If you sell Reliance shares under MTF five times in one day, the total DP charge is still ₹12.5 + GST.

Are There Hidden Charges?

No. FYERS complies with SEBI’s “True to Label” rules. Besides interest, pledge/unpledge charges, DP charges, brokerage, and statutory levies (STT, GST, SEBI turnover fees, stamp duty, etc.), there are no hidden costs.

How to Track MTF Interest

  • Ledger Statement: Weekly MTF interest debits appear under narration tags like “MTF Interest” or “MTF Interest Reversal”. View Ledger.
  • Contract Notes: All charges are itemised for each trade date.
  • MTF Calculator: Use the MTF Calculator to estimate daily or weekly interest before charges are posted.
Tip: Export your ledger to CSV/PDF for easier reconciliation with your MTF interest calculations.

What if?

ScenarioWhat you should know
Your borrowed amount changes slab midweekThe slab rate applies per day. Even if one day crosses to a higher slab, that day is billed at the higher rate.
You pledge/unpledge multiple timesEach pledge or unpledge instruction incurs ₹12, regardless of quantity.
You sell the same stock multiple times in a dayDP charge of ₹12.5 + GST is applied once per stock (ISIN) per day, not per transaction.
You notice “extra” chargesCross-check if they are pledge/unpledge fees, DP charges, or statutory levies. There are no hidden charges.
Your ledger doesn’t show daily interestInterest accrues daily but is posted weekly as a consolidated entry under “MTF Interest”.
You need help reconcilingExport your ledger and contract notes, and contact FYERS Support for a transaction-wise review.

Last updated: 02 Sep 2025