How do I pledge my shares to get collateral margin?
Watch this video walkthrough on pledging or check out the process below.
Visit the holdings page on Console . In the holdings table, hover the cursor on the stock you want to pledge and click on 'options' and select pledge for margins .
Once you do, you will get a pop-up, which will show how much margins you will be eligible for.
The cost of pledging will be ₹30 + GST per scrip irrespective of the quantity pledged.
To see the list of scrips on which pledging is allowed and the haircut % on them - click here .
In light of the recent regulatory changes , you will have to authorize your pledge request at the depository after you have raised it on Console.
P.S: Pledge will be processed in batches, once at 2.00 pm and once at 5.00 pm. Even if you create a pledge request at 11.00 am, you will receive the email from CDSL only at 2.15, once Zerodha has setup the pledge.
It's important that all pledge be accepted by 7.00 pm. Failure to do so will mean that you will not get margins against the pledged stocks.
Once you’ve clicked on the link, you will be redirected to CDSL’s webpage where you are required to enter your PAN number and generate an OTP that you will have to key in to authorise the pledge.
You can learn more about the new pledge system in this Zconnect post .
You can cancel your pledge request as long as it's not processed - (refer to the following images)
- You will only be able to pledge shares already in your demat account. The pledge option will not be available for T1 holdings.
- You can pledge your holdings only if you have equity derivatives segment (F&O) activated in your account. You can activate the F&O segment for your account on Console.
- We process pledge requests only on days when the Equity markets are open.