Comment on Online pledging of stocks for trading F&O

Venu commented on 16 Jun 2016, 12:11 PM

1. The charges charged for pledging are a cost to us. The shares move from your account to our account and inturn to the account of ILFS with whom we’ve partnered to provide you margins. So we only collect transaction charges on such movement, we don’t make any money here.
2. You have time until 4’o clock to pledge shares to get margins for the next day.
3. If shares are pledged, then they’ll definitely be unpledged. The fee is a nominal sum of Rs.60/- which includes service tax. You should know that we haven’t increased this despite the recent increase in Service taxes.
4. We are working on providing this facility, it requires some integration. We’ll let you know once it’s done.

View the full comment thread »