As per the revised SEBI guidelines, you need to pledge the stocks that you would like to give as collateral for MTF.

  • Identify the stocks from your holdings list which you would like to place under pledge
  • Email the list to with a request to place them under pledge
  • Alternatively select 'Transfer Collateral to MTF account' under Funds in ITS and key in details as directed in the process
  • Based on your email or online request, we will initiate the pledging process. Requests received before 3pm on a given day will be accepted at the EOD
  • Once the Pledge Initiation process is completed at our end, you will receive a SMS from NSDL as seen below, to your registered mobile number

SMS 1 Understanding the new margin pledge system

  • The same details will be sent to your registered Email id as well
  • Click on the link which you receive in the SMS / Email
  • This will take you to the NSDL Page where you will be prompted to key in your PAN number as shown below

Pan 1 234x300 Understanding the new margin pledge system

  • Key in your PAN number. On valid entry, a new page will open with the list of stocks and quantity on which you had requested to mark pledge as shown below

Select Pledge NSDL 1 191x300 Understanding the new margin pledge system

  • Select the check boxes and Confirm
  • You will then receive an OTP via SMS to your registered Mobile number as given below

SMS OTP 1 Understanding the new margin pledge system

  • Enter the OTP on the NSDL page to approve the pledge.
  • Once the pledge is approved, margins will be provided against the pledged stock from T+1.
  • The fee for pledging will continue to remain the same. This is because there is a cost levied by the depository to create the pledge and re-pledge.