Introducing Pay Later 💰 – A Smarter Way to Trade with 5paisa!

Product Announcements 📢
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Dear Community Members,

We are excited to announce the launch of Pay Later, a feature designed to give you flexibility and control over your trading and investment journey. With Pay Later, you can leverage Margin Trading Funding (MTF) and T+5 (CUSPA) facility, enabling you to use your collateral margin for delivery trades.

What’s New and How Does It Impact You?

  1. Flexible Order Placement: Delivery or Pay Later
    ● Now: You decide! On the order form, choose whether to place an order as Delivery (cash-and-carry) or Pay Later (leverage using collateral).
    ● Benefit: Full control over your trades and margins.

  2. Margin Requirements
    ● Delivery Orders: Need 100% cash margin upfront — simple and straightforward.
    ● Pay Later Orders: Margin is calculated based on script leverage. Use your collateral to explore your buying power. Pay Later facility is now available up to a funding of 1 crore.

  3. Script Eligibility Transparency
    ● More than 750 stocks are available under Pay Later for MTF.
    ● On the Pay Later screen, you’ll instantly know if a script is eligible for MTF or if it will be booked under the T+5 (Cuspa) Feature along with the exposure.

  4. Clear Segregation of Ledgers & Margins
    ● Earlier: Your Equity ledger and MTF ledger were combined, often showing confusing net balances that impacted your trading and payout capabilities.
    ● Now: Separate ledgers for Equity (cash for trading/investing) and MTF. You can easily see your actual cash available for trading and payouts without confusion.

  5. No More Auto-Closure
    ● Previously, MTF positions could automatically close if you added sufficient ledger balance.
    ● Now, you control when to convert your Pay Later holdings to Delivery through a simple ‘Convert to Delivery’ request in the platform, subject to sufficient funds.

  6. Manage Your Holdings and Requests Easily
    ● View all your Pay Later MTF scripts in the Current Holdings section.
    ● Place to buy orders or convert holdings to delivery.
    ● Track all your conversion requests in the Request Summary section — processed the same day with margin blocked immediately.
    ● Partial or full quantity conversions are supported, with one request per script per day.

How to Activate Pay Later?
● New users: Activate instantly from the Order Form >> Pay Later / Margin page by accepting the terms.
● Existing Margin Plus users: Pay Later is already active for you.

What Means for You:
● Control and flexibility in choosing order types.
● Better utilization of your collateral for increased leverage.
● Transparent visibility of your trading and ledger balances.
● Simplified management of your MTF and delivery positions.
● Seamless tracking and conversion of holdings.

We’re confident that Pay Later will help you invest smarter with greater peace of mind.
Happy Trading!
Team 5paisa

3 Likes
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Amazing Product!! To excited for this

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When is it going live?

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Hi Megha

We’re releasing this feature in a phased manner. It will be available to all users by July 2nd, 2025 at the latest.

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Not sure why this is being forced upon people who are not interested in this (eg. me). I did not select pay later order. The combined ledger showed funds available. And today they are not.
I looked into the ledger statement. Its more confusing than ever. Had a two hour call with your support team to clarify the same. At the end, nothing came out as different representatives had different explanation for these transfers.

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Hi @52989677

Thank you for sharing your feedback, and We are truly sorry for the confusion and frustration you’ve experienced.

We’ve introduced this feature to enhance your trading experience. Our team will reach out to you today to address your concerns. In the meantime, feel free to watch our [Pay Later description video] for more information.