How to Pledge stocks as Collateral?

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
  • Login to Rocket Plus and place a request to pledge stocks as collateral. Watch Video here to know how to pledge stocks. Alternatively, Email the list from our Support Portal here with a request to place them under pledge
  • Based on your email or online request, we will initiate the pledging process. Requests received before 5pm 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.
  • The stocks thus pledged as Collateral will not reflect in the trading terminal. In case, you prefer to sell any such collateral stocks, you need to send us write to us from our Support Portal here before 1 pm. The stocks will be released and made visible in your normal holdings the next day to enable you sell them online.

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