You can pledge shares in 5paisa for multiple reasons like get collateral, avail margin trading facility, or to avail margin benefits.
Steps to pledge shares in 5paisa mobile app;
- Log in to the 5paisa account on mobile app.
- Go to Book and Holdings page.
- Tap on the “Pledge/Unpledge” option on the bottom right side.
- Select the scrip or shares you want to pledge and hit “Submit request” button.
- Enter the OTP sent on the registered mobile number for authentication.
- You will be redirected to the CDSL page, enter your BOID and PAN details.
- Validate with OTP authentication and pledging request will be processed in 5paisa.
5paisa Pledging Charges
5paisa charges Rs 12.5+ GST per scrip for margin pledging, Rs 25 + GST per scrip for MTF, and Rs 50 + GST per scrip for pledging for loan against shares. There are no charges on unpledging pledged shares.