As per the latest circular from NSE on direct payout of securities to client Demat, the authorisation process for pledging the MTF holdings will be changed effective from 24th February 2025. In line with the circular, the authorisation process for pledging the MTF holdings will now be automated.

As a result the following changes are applicable:

1. Auto-Pledge of MTF Purchases: All MTF shares will be automatically pledged. No need for authorisation via OTP.

2. Pledge Charges: No changes in DP or pledge charges. The current pledge charge is ₹12 per transaction.

Note: As a precautionary measure under the risk management guidelines, BTST (Buy Today, Sell Tomorrow) will not be allowed on Tuesday, i.e., 25th February 2025.

For further information, please refer to the NSE circulars.