Let's say you want to buy stocks worth ₹1 Lakh. You already have ₹25,000 in your account. The balance ₹ 75,000 will be funded by m.Stock under the Pay Later (MTF) facility. So, you will pay interest @0.0411%, which comes to ₹11,242 for the year.
Note: Pay Later (MTF) interest is charged on daily basis. In above scenario, interest charged per day would be ₹31.
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