Hello, Is there any Upper Limit to give collateral margin for the pledged shares ? I received an email that explains due to crossing upper limit , some shares are unpledged and credited back to my account. Now my question is if this is the process, then w

Support Desk
1

Hello, Is there any Upper Limit to give collateral margin for the pledged shares ? I received an email that explains due to crossing upper limit , some shares are unpledged and credited back to my account. Now my question is if this is the process, then why don’t you mention in your website regarding the same. I wrote to the customer care about the same, they replied we are also don’t know the exact value of the particular upper limit and the Clearing member not able to give collateral margin against shares as Fyers is just Intermediary . Then how one can take overnight positions without knowing the available margin to him with this procedure? In your website you clearly mentioned that you will give collateral margin against holdings/mutual funds not the Clearing member. Initially Pledging shares and carrying overnight positions with that available collateral margin and mean while in the middle if you unpledge those shares quoting the reason of " limit crossed " then it will be very di

2

Hey @K2wCMAQjiI,

There is an Upper limit to the quantity of the shares and not the margin. The limit for the shares differs from scrip to scrip.

Hope this helps!

3

Hi @P5riXHjRDF ,

The entire quantity of shares had been rejected and the list is given below.

Symbol QTY
Reason
JISLJALEQS
1574
Limitcrossed
MPSLTD
61
Limitcrossed
SOUTHBANK
2749
Limitcrossed
SETFNN50
291
Limitcrossed

4

Hey, Have you raised a ticket in this regard? If yes, give me the number. We’ll understand the context and reply to you properly. Tx!

5

@K2wCMAQjiI Can’t comment on this before investigating. Do share your ticket no. and we’ll have this checked. @P5riXHjRDF handle this.

6

@K2wCMAQjiI Kindly raise a ticket at [email protected] and share the ticket ID here. We’ll look into the matter and get back to you w.r.t to this on pririoty.

7

@P5riXHjRDF Ticket had been created and the ticket ID 547314

8

Thanks @K2wCMAQjiI. We’ve reverted to the ticket. Our executive will reach you out at your preferred time and will explain you in detail w.r.t.

9

Same problem with me. On contacting the customer support, there was no saticifactory answer to it. I mean it was not drawn to a logical conclusion..

There is a lot of confusion on this, please clarify whether Upper limit is on:-
a. The no of scrips that can be pledged?
b. A percentage of total value of pledge against the cash in the account?
c. An upper cealing on the total value that can be pledged??

10

Upper limit is on No of Scrips that can be pledged or NNNo of shares of each scrip??

11

@lAKb6jKvCP - Apologies for the delay in response. The upper limit is based on the number of shares.

12

Can I plegde more than 10 different Scrips?

13

@P5riXHjRDF Ticket Number 591034. Please clarify

14

@lAKb6jKvCP Yes, you can pledge more than 10 different scrips.

15

Same problem with me too

16

@P5riXHjRDF @tejas_khoday From where could we identify the upper limit of the quantity of shares that can be pledged? Could i pledge 2000 quantity of LiquidBees?

17

The upper limit is set by our Clearing Member which is liable to change on a daily basis. You can pledge the shares depending on the limit available. (You can check the same by raising a ticket at [email protected]. Our team will let you know the same.) Hope this helps!