All About Stocks Pledge On Paytm Money3 min readReading Time: 4 minutes
Now that you have understood what margin pledge is, let us understand how one can access this feature on Paytm Money.
Read this blog to understand “What is a Margin Pledge?”.
How to Pledge Stocks at Paytm Money
In order to pledge your stocks, all you have to do is follow these steps.
Step 1: Select the desired stocks from the list displayed and the quantity of stocks you want to pledge.
Step 2: Click on the pledge option after which you will be sent an OTP for CDSL authorization.
Step 3: Once OTP has been entered, the process is complete.
Step 4: Your Margin will be increased in approx 30 mins & you can see the same on the Collateral Fund Field on the Funds Page.
How to Un-Pledge Stocks at Paytm Money
In order to un-pledge your stocks,
Step 1: Click on the un-pledge option on your screen.
Step 2: Select the stocks from your pledged stocks list which you wish to un-pledge.
Step 3: Send in a request to un-pledge your stocks.
Step 4: We will check the status of the Funds available in your account and send you a confirmation whether the request is approved or rejected.
As you can see in the above given picture, the application also provides a brief explanation as to how pledging works. After pledging your stocks you receive an OTP which needs to be entered on the CDSL website for authorization. After about 30 mins you should receive your margin on your pledged shares.
In case you get logged out or your device shuts down in the midst of the pledge request, you can go to the CDSL website and enter the OTP there in order to continue the pledge.
You need to ensure that mobile/e-mail ID are updated in your DEMAT account details. If at any time you feel like not going through with the pledge, you can simply refrain from entering the OTP, post which your request will automatically expire.
Once you enter the margin pledge tab, you will be able to see your DEMAT holdings in front of you as shown above. These holdings are filtered to display only those stocks from your DEMAT which are eligible for pledging.
On further clicking on the respective stock, additional details such as the haircut on that stock and the collateral amount you would receive will also be displayed.
Below will be displayed your total value of eligible stocks and the total margin you can receive for them. You can pledge or unpledged stocks according to your needs.
Now, when you have selected the stocks you want to pledge you will be diverted to this above displayed screen which will display all the pledge request made by you and which ones were successful and which were not.
It will also display the list of your pledged stocks and the stocks for which the request is still being processed.
How to Unpledge Stocks at Paytm Money:
If at any point of time, you feel like un-pledging your stocks, you can go to the un-pledge tab which will display all your pledged stocks along with their respective quantities and values. It will also display your debit and help you understand whether your pledged stock is eligible for un-pledge or not.
Where Can I see the Value of the Stocks / Collateral already Pledged:
Here you can view your collateral funds. Collateral funds can be used for making any further trading transactions in the future as per your requirement. As it can be seen in the image, the user currently has Rs 158.20 available for investing. They are also shown the funds they have used and their entire transaction history.
Our product and tech teams have worked day in and day out to help you with a seamless journey on Paytm Money. With the margin feature now you can pledge in four steps and also un-pledge with ease on your Paytm Money app and the website.