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How to pledge securities to get collateral margin?

For a video walkthrough on pledging holdings, see How to easily pledge your holdings for collateral margin at Zerodha?

Pledging securities involves two necessary steps. Firstly, the pledge request must be submitted on Console. Secondly, the pledge must be authorised on the CDSL portal before 7 PM. Failing to authorize the pledge by 7 PM will result in the unavailability of margins for the securities. However, if the pledge is authorized, margins become available from the next trading day. To learn more about pledging, see What is pledging and how does it work?

To pledge shares on Console, follow these steps:

  1. Click on Portfolio and then on Holdings.
  2. Click on Options.
  3. Click on Pledge for margin.
  4. Agree to the terms of service for pledging.
  5. Enter the Quantity to be pledged.
  6. Click on Submit.

Zerodha processes pledge requests at 2:00 PM and 5:00 PM only on days when the equity market is open. The list of approved instruments that can be pledged for margins and the applicable haircut % can be found by visiting

Authorising the pledge request on CDSL.

  1. Check the registered email ID or mobile number for the CDSL’s notification.
  2. Log in to using PAN.
  3. Click on the checkbox with the pledge details.
  4. Click on Generate OTP.
  5. Enter the OTP and click on Submit.

The cost of pledging is ₹30 + GST per instrument, irrespective of the quantity pledged. There are no charges for unpledging.

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