We have updated the app to give you better experience
- To unpledge the pledged shares follow these steps, if you are using our old app:
- To unpledge the pledged shares follow these steps, if you are using our new app:
To unpledge the pledged shares follow these steps, if you are using our old app:
1.Login to our mobile app using your User Id and Password
2.Click on Profile and select ‘My account’
3.Click on the hamburger icon
4.Select the ‘ Unpledge’ option under Margin Pledge
5.Select the stocks (scrips) and quantity that you would like to Unpledge
To understand this calculation, here’s a Formula based on the estimated value
(To Unpledge Qty’ x (100 - Haircut) x Closing Price)/100
6.Click on ‘Review’
If you have placed the unpledge request before 12.00 PM, it will be processed on the same day and the applicable margin will be updated subject to the processing guidelines at the clearing corporation.
If you have placed your unpledge request after 12.00 PM, it will be processed on the next working day and the margin will be available on T+2 working day subject to the processing guidelines at the clearing corporation.
7.You will be redirected to the confirmation page
8.Check the box to read and accept the applicable Terms & Conditions
9.Click on ‘Submit’
10.When the Unpledge request has been accepted, you will see the below screen
11.Select the dashboard option to check the unpledge details
12.Unpledge shares details can be checked here
To unpledge the pledged shares follow these steps, if you are using our new app:
1.Login using your six-digit PIN
2. Click on the ‘Account’ tab
.3Under ‘Account’ select ‘Actions’
4.Select ‘Margin Pledge’
5.Select the stocks (scrips) and quantity that you would like to unpledge, then proceed to review
6. Confirm the unpledge
7.Click on the check box, read the terms and conditions then click on ‘Submit’
8. When the unpledge request has been accepted, you will see the below screen
9. Click on the hamburger icon to check unpledge details under the dashboard
10. Select Dashboard
11. Check the details under the ‘Unpledge’ tab
Disclaimer: To sell pledged shares, you need to first unpledge them.
Note:The cost of unpledging is ₹20 + GST per scrip