Greetings FYERS team
This doubt is regarding pledging. Let’s say I have a cash of 5 lacs in my demat account and have pledged stocks worth 30 lacs(eg: Tata motors stocks worth 30 lacs). And I have incurred a loss of 7 lacs.
What will be the procedure followed in this case? Will there be any calls from your side or messages to intimate me that I have a shortfall of funds in my demat account!?
How much time will be provided by FYERS to move 2 lacs to my demat account
Will there be any delayed payment charges if the funds are moved in late
If i have not moved in the required funds, will my entire holding pledged to you (30 lacs) be liquidated or only the required funds of 2 lacs will be liquidated? Will I have to pay any further charges for this process
Say I just have 1 lac of the required cash of 2 lacs in my bank account and ready to move it to my demat account. So I will like to sell a few shares of the pledged stock(Tata motors) for the remaining 1 lac to manage the short fall. In this case, what should I do?
Thank you
Sree Ram