MTF Interest charges clarification

Hi @Ushnota

I have a query regarding MTF Interest. Assume I have rupees 5000 margin as collateral from margin pledging equity stocks and using this I purchase stocks in MTF worth rupees 20000, here will upstox levy only MTF interest on 15000 rupees and Delayed Payment charges on the 5000 rupees or will MTF Interest be charges on the entire 20000 rupees? Please reply ASAP.

@Arvin720 -

Please note that currently using collateral margin for MTF is not available on Upstox. To buy stocks under MTF, you’ll need to maintain cash margin only.