What is the interest rate for Margin Trading Facility (MTF) in FYERS?
If you’re using Margin Trading Facility (MTF), it’s important to understand how interest is charged on your borrowed amount. We apply a slab-wise interest rate based on your total borrowed amount on any given day. This structure ensures transparency and helps you manage your trading costs effectively.
MTF Interest Rate Slabs
We calculate interest daily, even though rates are expressed annually. The applicable rate is determined based on your total borrowed amount for that day:
| Total Borrowed Amount (Any Day) | Annual Interest Rate | Daily Interest Rate (approx.) |
|---|
| 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% |
Note: Only one slab rate applies on any given day based on your total borrowed amount. The rate is not split across slabs.
How Interest Is Calculated
- Interest is calculated daily based on your total borrowed amount.
- The applicable slab rate is applied to the full borrowed amount.
- We post the interest charges to your MTF ledger weekly.
Examples
- If your total borrowed amount is ₹1,000, no interest is charged (0% slab).
- If your total borrowed amount is ₹1,100, interest is applied at 0.0452% per day, resulting in a daily charge of approximately ₹0.50.
- If your total borrowed amount is ₹50,00,000, interest is applied at 0.0342% per day, resulting in a daily charge of approximately ₹1710.
Does the Rate Change Based on Trade Duration?
No. The interest rate is determined only by your total borrowed amount on a given day. It does not vary based on the duration of your trade—whether intraday, BTST, swing, or long-term.
What If...
- The interest structure has changed?
This slab-wise interest structure took effect on 2 June 2025 and is automatically applied to all new and existing MTF positions. - You incur other charges?
Other charges such as brokerage, pledge/unpledge fees, and demat debit charges are billed separately and remain unchanged. - You want to estimate total interest?
You can estimate your daily or weekly interest using the MTF Calculator available on the FYERS platform.
Additional Notes
- Interest entries are visible weekly in your MTF ledger.
- Monitoring your total borrowed amount daily can help manage your costs efficiently.
- The maximum borrowable amount per user has been increased from ₹25 Lakhs to ₹50 Lakhs.
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