New Delhi, Oct. 29 -- Paytm Money, a wholly-owned subsidiary of One97 Communications Limited (OCL) and a wealth-tech platform, on Wednesday announced a significant revision in its Pay Later (Margin Trading Facility) rates, making leveraged trading more affordable and accessible for both retail and high-net-worth investors.
The new structure introduces industry-leading rates starting from 7.99% per annum, with preferential slabs designed for larger portfolios, the company said in a statement.
Investors can now avail MTF at 7.99% p.a. for funding up to Rs 1 lakh, 9.99% p.a. for funding between Rs 1 lakh and Rs 1 crore, and 8.99% p.a. for funding above Rs 1 crore.
This marks a sharp reduction from earlier slabs, where rates peaked at 14.9...
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