New Delhi: Paytm’s money, a subsidiary of payment of the Paytm provider solution, has launched a new feature called ‘Margin Promise’.
This new feature will allow users to ensure shares and ETFs that exist in compensation for collateral margins that can be used for stock trading, ETF, Futures, and options.
Margin promises is a process where users can guarantee their shares to brokers in return for collateral margins that can be used for trade.
For example, an investor who holds shares worth 200,000.
Now trade opportunities arise but due to lack of funds, investors cannot use it.
Users can guarantee their shares to the broker.
Brokers reduce haircuts say 20% of the total share value, namely Rs 40,000 and provide the remaining Rs value of 1.60,000 as collateral margins that can be used for trading opportunities.
The company said that guarantees were received within 30 minutes during trade hours and collateral calculations were carried out in real-time.
The stock promised remains in the user’s Demat account, eligible for all corporate actions, and can also be sold directly.
The minimum cost of RS 10 + GST ​​per share will be charged at each promise request and not loved.
This feature can be accessed to select users and launched to more users.
This feature is currently available on Android and the website and will soon be available on iOS.
Recently, paytm’s money introduced a wealth advisory market and investment on its platforms to offer consulting services and consulting products to retail investors.
Paytm Money has partnered with the initial WealthDesk to offer an investment portfolio called ‘WealthBaskets’ as the first step to establish an advisory ecosystem.