T20 is a Margin Trading Facility (MTF) offering available only to eligible customers of HDFC Securities. 

The offer provides 0% interest for the first 20 calendar days from the date of execution of each eligible MTF purchase transaction. 

From the 21st calendar day onwards, the applicable MTF interest rate as per the customer's prevailing tariff plan shall be charged automatically. 

A brokerage of 0.50% on the buy transaction value and 0.50% on the sell transaction value shall be applicable for all trades executed under the T20 plan. For intraday trades under mtf will incur one side brokerage of 0.50% 

The T20 offer is applicable only to eligible MTF transactions and securities permitted under the MTF product. 

The offer is available only to customers identified by HDFC Securities under the eligibility criteria, including: 

Customers on Value Plans or AOC/Free Brokerage Plans can opt in for the MTF T20 Plan; however, their free volume benefits will be permanently removed. 

The offer cannot be combined with any other brokerage waiver, promotional offer, or special pricing unless expressly permitted. 

Customers may convert MTF holdings into delivery, subject to applicable charges(0.50%), taxes and operational guidelines prevailing at the time of conversion. 

Customers may request to opt out of the T20 plan. Such requests shall be processed only if there are no open MTF positions.  

HDFC Securities reserves the right to restore the customer's previous brokerage plan upon successful opt-out, wherever operationally feasible. 

Brokerage, statutory levies, exchange transaction charges, GST, stamp duty, SEBI charges and any other applicable taxes shall continue to be payable by the customer. 

Interest-free benefit shall not apply in cases involving operational errors, regulatory restrictions, misuse, fraudulent activities or transactions declared ineligible by HDFC Securities. 

HDFC Securities reserves the right to modify, suspend, withdraw or discontinue the T20 offer at any time without prior notice, subject to applicable regulatory requirements. 

Any dispute relating to the T20 product shall be governed by SEBI regulations, Exchange rules, MTF Rights and Obligation and the Terms & Conditions of HDFC Securities. 

All investment and market risks remain solely with the customer. Availability of an interest-free period does not assure profits or protect against losses. 

HDFC Securities shall have the final right to determine customer eligibility, interpretation of these Terms & Conditions and settlement of any disputes arising under the T20 scheme.