What are the steps to Pledge Holdings Through Mobile Application?
Step 1: Open the Bigul trading app and log in with your credentials.
Step 2: Go to the ‘Portfolio’ section and select the ‘Demat Holdings’ tab.
Step 3: Click on the ‘Pledge’ option, located in the bottom right corner.
Step 4: Select the stocks or mutual funds you want to pledge.
Step 5: Confirm the pledge request and submit it.
Step 6: Authorize the pledge via CDSL/NSDL by entering the OTP sent to your registered mobile/email.
Step 7: Upon successful authorization, the margin will be available in your account after 24 hours.
By clicking on the submit button, you agree to the terms and conditions of the pledge. Please read the terms and conditions carefully before proceeding.
Terms & Conditions:
- Stocks will be pledged only upon confirmation of the pledge request by CDSL/NSDL.
- Limits against pledged stocks will be granted after applying a haircut and within the permissible limits set by SEBI, Exchanges and Companies policy.
- Benefit of Stocks pledged today (T Day) will be reflected in the trading limit on the next Trading Day (T+1 Day).
- Standard pledge charges, as per the applicable DP scheme, will apply.
- The value of Margin against pledged stocks can be utilized for margin requirements only and not for the stock purchase.
- Limits against sell of pledged shares will not be available on the same day (T Day). However, regular limits will be accessible on the next day (T+1 Day).
- Bigul - Bonanza Portfolio Ltd retains the discretion to provide limits against collateral or pledged stocks.