How to pledge shares in FYERS ?
Hi Udaykumar,
**The process is as below as of now. **
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Step 1 - You’ll need to send a pledge request to [email protected] with scrip details & quantities.
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Step 2 - Our support team will process it within 30 minutes (Client should request for pledge before 3:30 PM on working days. Requests after 3:30 PM will be considered on the next working day).
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Step 3 - You will have to authorize the pledge by visiting the link that you will receive on the registered Email ID/mobile number - By clicking the received link, you will be redirected to CDSL’s (DP) portal where you are required to mention your PAN or Demat account number and generate OTP to authenticate the margin pledge by entering the OTP received on the registered Email ID/mobile number.
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Step 4 - Pledge will be created in the next 24 hours.
Thnx Sounder, is this the same for Liquid funds / Mutual funds too ?
Yes @ip8Wqh503I, the procedure will be the same. You can visit the following link for the list of approved securities and their applicable haircuts.
FYERS Downloads | Forms, Documents & Trading Platforms > Under Trading Related Files.
how to un-pledge the stocks? it is not showing anywhere that I have pledge my holding just giving me margin ..
@5WePyM68eC Read this article - https://fyers.in/support/article/how-to-unpledge-my-holdings-in-fyers/
It is currently offline because CDSL is yet to provide a mechanism for unpledging online.
I already mailed them regarding the pledging of shares in the morning but still not recieved any mail or call from your side
Plz look into this as I am not able to contact the customer team. This is urgent
Hi Neena,
Now you can pledge all your NSE Approved Securities and Mutual funds online through OTP. You can follow the steps mentioned in this article https://support.fyers.in/portal/en/kb/articles/how-can-i-place-a-pledge-request-in-fyers.
Please note that there is a Delay in Settlement and Pledge Process Due to CDSL System Issues. Kindly refer to this notice for more details