How do I create a Pledge?
Pledge can be
created for following reasons.
In every scenario you will have to follow below mentioned process.
- To avail margin funding
facility if you wish you to carry forward your debit\
- To avail margin benefit for
taking intraday exposure
- To use shares as collateral to
take positions in derivative segment.
Step 1: Go to your ËQ Holdings” section
in your 5paisa Mobile app or 5Paisa Trade station (Web Platform).
Step 2: Select Shares you want to
pledge from the list of shares you hold and then Click on “Pledge for Margin” or
“Pledge for Funding” button at the bottom of the page. “Pledge for Margin” will
be for availing margin benefit and “Pledge for Funding” will be for carry
forwarding your debit balance under margin trade funding.
Step 3: A link for OTP authentication
will be generated and sent on your registered Mobile Number and registered
Email ID from CDSL (Depository Participant).
Step 4: On clicking the link, you will
be redirected to CDSL webpage and prompted to enter your PAN or BOID (Your
Demat account number. You can check your demat account number in Profile section
of App and web).
Step 5: Once the valid PAN / BOID are
entered, a list of all transactions pending for authentication will be
displayed to you. After that, OTP will be generated and sent on registered
Mobile Number and registered Email ID of the client. OTP will remain valid for
15 minutes only.
Step 6: You will have to then
authenticate the same by entering the OTP after which the pledge shall be
marked in favour of 5Paisa.
Step 7: Once your request is received
the margin benefit will be given to you on the same day.
Note: The provision for marking pledge requests on our web trading platform is
available now. Login to 5paisa.com and create pledge by click on “Pledge”
button on your web trading platform.
Below screens for your reference:
1. Pledge Process on Mobile App
2. Pledge for funding
3. Pledge for Margin
You will get a thank you page once your request is received. You will receive a link on your registered email & mobile from CDSL in next 15-30 minutes. Click on that link and enter your PAN to authenticate. Generate OTP and authorize your transaction using OTP. Once successful authentication, you will get pledge benefit from T+1
4. Pledge Process on Web
Click Pledge for Funding for funding facility if you are in debt balance. Use Pledge for margin facility to get margin benefits.
Charges for MF pledge & Unpledge
The above charges are exclusive of GST and shall be debited from your ledger account as and when you pledge or unpledge shares in your account.
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