How can I check the interest that is being charged for my Pay Later(MTF) position?

You can check the interest rate charged to you on order form page itself on NEO.

1. Select the stock that you wish to purchase in watchlist and click on BUY
2. Enter the quantity that you wish to you, select the order type as limit or market and select your product type as “Pay later”
3. You can now see the interest that will be charged per day to you on the stock from t+1 day onwards.

You can check the interest amount in your statement as well by using the following steps:

1. Go to profile section from the top right corner of your home screen
2. Click on cash balance Reports and statements
3. Click on Cash ledger
4. You will also receive a monthly interest statement on your registered email address once the interest is charged

If you want to know the interest rate beforehand, you can call the customer service at 1800-209-9191, from Mon-Sat between 8.30 am-6.00 pm