Who is not eligible to use MTF?

MTF isn't available to NRI clients - Indian regulations restrict NRI trading accounts to delivery-based transactions only, so leveraged products like MTF are excluded. Minors also can't use MTF, since a minor's trading account is guardian-operated and restricted to delivery trades. Clients flagged under any other risk-restricted category by Kotak Neo's risk team may also be excluded at the broker's discretion.