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India’s one of the leading discount brokers, SAMCO Securities Limited has come up with a Buy Today, Pay in Two days (BTPT) for investors buying stocks. This service allows the customers to pay for the delivery shares in 2 days after purchase, i.e., T+2 days.
This product is superior to any other brokerage-free trading model that is available in the market. This product works on a margin basis. You only need to pay a fraction of the original margin required, and the outstanding sum can be settled in 2 Days (T+2 Days) from the date of purchase. There are multiple benefits that come with this product, these are:
Besides this, the brokerage charges will continue to be the flat rate at Rs 20 per order. This option is valid for all SAMCO customers with valid POA (Power of Attorney). However, this facility is available only for about 300+ stocks which are mentioned by the company in the BTPT margin list.
Availability: Currently, one can only purchase delivery shares (CNC) using the SAMCO BTPT facility. One cannot use the BTPT option for investing in any other segment - NFO, Commodity derivatives, Currency derivatives.
For more details please visit : SAMCO Products and services
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