Margin in Zerodha provides you with an opportunity to trade in more securities even with the limited funds in your hand. You can avail the margin by maintaining a minimum balance in your trading account or by pledging shares. Want to use these services and want to know how to pledge shares in Zerodha?
Well if you are also one of those people who want to know the whole process of pledging the shares in Zerodha, make sure to read this article till the very end.
How to Pledge Shares in Zerodha App?
To pledge the shares in Zerodha, you need to follow certain steps.
- Login to Zerodha Console.
- After logging in, click on “ Holdings” and select the share that you want to pledge.
- Click on the three dots in front of the share’s name, which will open up some options for you.
- From all those options, select “Pledge for Margin” and enter the number of shares that you want to pledge after checking the haircut and collateral margin.
- Finally, click on submit to place your pledge request.
Simply placing a pledge request doesn’t mean your shares have been pledged. Once you place the request, Zerodha processes your request and asks for your authorization to confirm your request.
You authorize your pledge request by clicking on the SMS or e-mail link sent to you by the depository. You then enter your PAN Card number and validate your phone number through an OTP sent to your phone.
This whole process of authorizing your pledge request should get completed before 7 PM on the day of placing the pledge request. Once you authorize the request, your shares get pledged.
This is how to pledge shares in Zerodha. No doubt it is extremely easy and all you have to do is to follow certain steps. We hope we guided you through all those steps in this article.
If you have any more stock-market-related questions in your mind, feel free to drop your details and we will arrange a callback or an answer.
