When will my unused funds be settled if I have opted for Pay later (MTF)?

If you have opted for the Pay Later (MTF) facility, your unused funds will be settled as per your running account settlement schedule.

To check your fund settlement frequency:
Go to Profile > Services > Update Fund Payout Frequency in the app.

Important to note:

• If you have taken an MTF position using pledged securities, your cash balance is not used for the initial margin. The margin is fully covered by the pledged securities.
• If you do not have pledged securities, your cash margin will be used. In that case, cash up to the extent of the initial margin is retained, and any remaining amount is released as unused funds according to your payout frequency.