Securities can be pledged between 7 AM and 5 PM on trading days. However, there are no restrictions on unpledging. The cost of pledging is ₹30 + GST per request, per ISIN, irrespective of the quantity pledged. There are no charges for unpledging. To learn more about pledging, see What is pledging, and how does it work? The F&O segment must be activated to pledge holdings. To learn the process of activating F&O, see How to activate F&O?
To pledge securities, follow these steps:
Kite app
- Tap on user ID.
- Tap on Portfolio.
- Scroll down and tap on Pledge holdings.
- Select holdings to pledge. The list of approved instruments that can be pledged for margins and the applicable haircut % can be found by visiting zerodha.com/approved-securities.
- Edit the quantities to be pledged or choose to pledge all the quantities.
- Tap on Continue.
- Agree to the terms of service for pledging and click on Submit.
- Enter the OTP received on the phone and tap on Verify.
Web
- Login to console.zerodha.com.
- Click on Portfolio and then on Holdings.
- Click on Pledge holdings.
- Select holdings to pledge.
- Edit the quantities to be pledged or choose to pledge all the quantities.
- Click on Continue.
- Agree to the terms of service for pledging and click on Submit.
- Enter the OTP received on the phone and click on Verify.
Once the process is completed, the History page will open, displaying the pledge status. After 5 minutes, refresh the page to check the updated status. Securities that are in PENDING, SUCCESS, or OVERDUE status cannot be pledged again on the same day. The collateral margin from a successful pledge request will be credited to the Zerodha account on the next trading day.
- Holdings can only be pledged after they're settled in the demat account, i.e., from T+1 onwards.
- Fractional units of both Liquid BeES and mutual funds cannot be pledged. To learn more, see What is a fractional share?
- Pending pledge requests cannot be cancelled.
- Pledged shares can be sold without unpledging. To learn how to sell them, see Can pledged instruments be instantly sold without placing an unpledge request?
- Pledged stocks will be considered for physical delivery obligations if stock F&O contracts expire In The Money (ITM). To learn more about physical delivery, see What is Zerodha's policy on the physical settlement of equity derivatives on expiry? Clients must authorise the sale of securities using CDSL Tpin if they have not submitted the Power Of Attorney (POA) or Demat Debit and Pledge Instruction (DDPI). To learn more, see What is Power of Attorney (POA)?
- Treasury Bills (T-Bills) with maturities of 364 and 182 days can now be pledged for collateral margin. T-Bills with maturities of 91 days will soon be available.
