Comment on Understanding the new margin pledge system — effective Aug 1, 2020

Megha Gupta commented on 27 Sep 2020, 12:55 AM

I just got to know about the Pledge system today and wondering what this is all about and what am i supposed to do. Here is the story.

I have only stocks lying in my demat account and i have not maintained any cash in the funds. Please confirm what all actions i am supposed to do?

– Do i need to deposit any cash in my funds? If yes, how much
– For the unpledge/repledge, what is the process & how much charges will it levy? I have about 3 lacs worth stock, with the new system, how much money will be charged in the process?

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