What Is the Interest Rate for Margin Trading Facility (MTF) in FYERS?
When you use Margin Trading Facility (MTF) at FYERS, interest is charged on the borrowed amount based on a slab-wise structure. The rate is determined by your total borrowed amount on any given day—not the trade duration—ensuring consistent and transparent charges.
Not sure how MTF works? Learn more about Margin Trading Facility (MTF) here.
MTF Interest Rate Slabs
Although the rates are shown annually, interest is calculated and charged daily. Only one slab rate applies per day, based on your total borrowed amount:
| Total Borrowed Amount (Daily) | Annual Interest Rate | Approx. Daily Rate |
|---|
| Up to ₹1,000 | 0% | 0% |
| ₹1,000.01 – ₹1,00,000 | 16.49% | 0.0452% |
| ₹1,00,000.01 – ₹10,00,000 | 15.49% | 0.0424% |
| ₹10,00,000.01 – ₹25,00,000 | 14.49% | 0.0397% |
| ₹25,00,000.01 – ₹50,00,000 | 12.49% | 0.0342% |
If your borrowed amount crosses into a higher slab—even for one day—you’ll be charged at the higher rate for that day.
How Interest Is Calculated
- Interest is calculated daily and posted to your MTF ledger weekly.
- The applicable slab rate applies to your full borrowed value for that day.
- Your daily borrowed amount determines which slab applies.
You can reduce your interest costs by pre-paying part of your MTF obligation or reducing your exposure before the day ends.
Examples
- If your borrowed amount is ₹1,000 → No interest applies (0% slab).
- If you borrow ₹1,100 → 0.0452% daily → approx. ₹0.50/day.
- If you borrow ₹50,00,000 → 0.0342% daily → approx. ₹1,710/day.
You can estimate your daily or weekly interest using the MTF Calculator.
What If...
| Scenario | Outcome |
|---|
| The interest structure has changed | The slab-wise model applies automatically from 2 June 2025. No user action is required. |
| You incur other charges | Charges like brokerage, pledge/unpledge fees, and DP charges are billed separately. View detailed charges here. |
| You want to estimate your interest | Use the MTF Calculator to simulate daily or weekly interest. |
| You need assistance | You can contact our support for help with your MTF account. |
Additional Notes
- Interest entries are visible weekly in your MTF ledger.
- The maximum borrowable limit under MTF is ₹50 Lakhs per user.
- You can track interest details under the “Funds & Margin” or “MTF Ledger” section.
Last updated: 02 Sep 2025
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