Paytm Money introduces cost-effective interest rates and brokerage for Pay Later offering
India, April 21 -- Paytm Money, a wholly-owned subsidiary of One 97 Communications (OCL), has today announced new cost-effective interest rates and brokerage structure for its recently launched Pay Later (MTF - Margin Trading Facility) offering. With this, the platform hopes to drive affordability for both retail and high value investors.The newly introduced slab-based interest rates, starting at 9.75% per annum (p.a.), down from the current flat 14.99% p.a., are based on funding book size. The platform has also introduced a revised brokerage of 0.1% per trade that balances affordability and platform sustainability.Retail investors can now access Pay Later (MTF) at an industry-leading rate of 9.75% p.a., making it easier to start trading af...
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