How do I initiate a pledge on my securities for margin trading?
- Access Settings: Go to the settings section of your trading account platform.
- Navigate to Pledging: Look for an option related to pledging securities. Click on it.
- Redirect to CDSL Page: You will be redirected to a page, typically managed by CDSL (Central Depository Services Limited) or a similar depository.
- View Holdings: On this page, you will see a list of securities (shares) you hold in your demat account.
- Select Securities to Pledge: Choose the shares you wish to pledge for margin trading.
- Verify Through OTP: Confirm the pledge request by verifying your identity through OTP (One-Time Password) sent to your registered mobile number.
- Receive Margin: Once the pledging process is complete and verified, you will receive the margin or trading limit against the pledged securities in your trading account.
Last updated: A Month Ago
What are the costs associated with pledging securities for margin trading?
