How to unpledge instruments?
To unpledge instruments, follow these steps:
- Login to console.zerodha.com.
- Tap on the options menu from the top-right corner.
- Tap on Portfolio.
- Tap on Holdings.
- Tap on the pledged instrument and tap on Unpledge.
- Enter the quantity to be unpledged.
- Tap on Submit.
If an unpledge request is submitted before 3:30 PM, the stocks will be available in the demat account for trading on the following day. For requests placed after 3:30 PM, the stocks will be available in the demat account for trading the day after.
Clients are able to unpledge their pledged holdings up to the extent of the unused collateral. If the collateral is being used for positions taken, the unpledge request will be rejected. In such cases, clients will need to bring in cash or square off their position in order to proceed with unpledging their pledged holdings. Before placing the unpledge request, clients must ensure that any negative balance in their trading account is cleared.