Comment on Understanding the new margin pledge system — effective Aug 1, 2020
commented on
29 Aug 2020, 02:57 PM
In motilal oswal I could pledge all securities without any issue as they intimated well in advance , but in zerodha they are intimating at the last moment. As millions of customers are trying to pledge, there is heavy traffic to CDSL website n the site is crashing.
Zerodha should have done this last weekend itself as they knew this issue would happen. Now if we can’t pledge shares due to last minute changes, zerodha will either liquidate our positions or charge penalty for non of our fault. I think we should reach out to consumer forum incase there is any loss due to liquidation. I don’t understand what zerodha was doing for last 2 months.