{"id":344168,"date":"2023-02-16T10:58:32","date_gmt":"2023-02-16T05:28:32","guid":{"rendered":"https:\/\/zerodha.com\/z-connect\/?p=344168"},"modified":"2024-10-08T09:06:32","modified_gmt":"2024-10-08T03:36:32","slug":"instantly-sell-pledged-stocks-on-kite","status":"publish","type":"post","link":"https:\/\/zerodha.com\/z-connect\/kite\/instantly-sell-pledged-stocks-on-kite","title":{"rendered":"Instantly sell pledged stocks on Kite"},"content":{"rendered":"<p>We&#8217;re glad to announce that we&#8217;ve finally launched the instant sale of pledged stocks feature on Kite, which has been one of our clients&#8217; most requested features for several years. This was delayed due to system limitations, but we are now live.<\/p>\n<p>The previous process for selling pledged stocks was to first unpledge them. An unpledge request must be submitted on Console before 3:30 PM. After the request is processed, the stocks would show up to trade under Kite holdings as free holdings on the next trading day. This process can be inconvenient for clients who want to sell their pledged shares instantly.<\/p>\n<p>To facilitate instant sale of pledged stocks, we recently started showing the pledged stock along with free holdings on Kite holdings page. Pledged stock quantity highlighted by a <strong>P<\/strong> as shown here.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" width=\"1094\" height=\"268\" class=\"aligncenter size-full wp-image-344169\" style=\"width: 100%; height: auto;\" src=\"https:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2023\/02\/pledged-quantity.png\" srcset=\"https:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2023\/02\/pledged-quantity.png 1094w, https:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2023\/02\/pledged-quantity-300x73.png 300w, https:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2023\/02\/pledged-quantity-1024x251.png 1024w, https:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2023\/02\/pledged-quantity-768x188.png 768w\" sizes=\"auto, (max-width: 1094px) 100vw, 1094px\" \/><\/p>\n<p>We have now enabled selling of pledged stocks instantly. Funds from sale can be used for purchasing other securities, trading F&amp;O, etc. Simply place a normal sell CNC order for the pledged + free holdings quantity. When you place a sell order for pledged quantity, the collateral margin given for the pledged stocks in your account will decrease, and when the order is executed, you will receive 100% of the sale credit to your account, just like any other sale of free holdings.<\/p>\n<h4>Did you know?<\/h4>\n<ul>\n<li>When a sale trade is executed on a stock that has both pledged and free quantity, the pledged quantity is reduced first, followed by the free quantity. However, at the end of the day, any sale obligation will be fulfilled first with the free quantity. To learn more, see <span style=\"color: #3366ff;\"><em><a style=\"color: #3366ff;\" href=\"https:\/\/support.zerodha.com\/category\/console\/portfolio\/pledging\/articles\/collateral-margin-reduced-when-the-holdings-are-sold\">Why is the collateral margin reduced when the holdings are sold?<\/a><\/em><\/span><\/li>\n<li>You can continue to unpledge stocks on Console. They will be moved to your free holdings on the next day.<\/li>\n<li>Pledged stocks cannot be sold in the auction and post-market session.<\/li>\n<li>If you buy back the pledged quantities that you sold on the same day, the pledged quantity will be reinstated, and the collateral margin will be immediately added back to your account.<\/li>\n<li>If you are new to pledging and want to know how to pledge securities in Zerodha, see <span style=\"color: #3366ff;\"><em><a style=\"color: #3366ff;\" href=\"https:\/\/support.zerodha.com\/category\/console\/portfolio\/pledging\/articles\/how-do-i-pledge-my-shares-to-get-collateral-margin\">How to pledge shares to get collateral margin?<\/a>\u00a0<\/em><\/span>To know how to unpledge, see <span style=\"color: #3366ff;\"><em><a style=\"color: #3366ff;\" href=\"https:\/\/support.zerodha.com\/category\/console\/portfolio\/pledging\/articles\/how-do-i-unpledge-shares\">How to unpledge shares?<\/a><\/em><\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>We&#8217;re glad to announce that we&#8217;ve finally launched the instant sale of pledged stocks feature on Kite, which has been one of our clients&#8217; most requested features for several years. This was delayed due to system limitations, but we are now live. The previous process for selling pledged stocks was to first unpledge them. An [&hellip;]<\/p>\n","protected":false},"author":176551,"featured_media":344170,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[531,369],"tags":[],"class_list":["post-344168","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","category-kite"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.5 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Instantly sell pledged stocks on Kite &#8211; Z-Connect by Zerodha<\/title>\n<meta name=\"description\" content=\"We&#039;re glad to announce that we&#039;ve finally launched the instant sale of pledged stocks feature on Kite, which has been one of our clients&#039; most requested\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/zerodha.com\/z-connect\/kite\/instantly-sell-pledged-stocks-on-kite\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Instantly sell pledged stocks on Kite\" \/>\n<meta property=\"og:description\" content=\"We&#039;re glad to announce that we&#039;ve finally launched the instant sale of pledged stocks feature on Kite, which has been one of our clients&#039; most requested\" \/>\n<meta property=\"og:url\" content=\"https:\/\/zerodha.com\/z-connect\/kite\/instantly-sell-pledged-stocks-on-kite\" \/>\n<meta property=\"og:site_name\" content=\"Z-Connect by Zerodha\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/zerodha.social\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/zerodha.social\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-16T05:28:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-08T03:36:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2023\/02\/sell-pledged-stocks.png\" \/>\n\t<meta property=\"og:image:width\" content=\"700\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Team Zerodha\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@zerodhaonline\" \/>\n<meta name=\"twitter:site\" content=\"@zerodhaonline\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Team Zerodha\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/zerodha.com\/z-connect\/kite\/instantly-sell-pledged-stocks-on-kite\",\"url\":\"https:\/\/zerodha.com\/z-connect\/kite\/instantly-sell-pledged-stocks-on-kite\",\"name\":\"Instantly sell pledged stocks on Kite &#8211; 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