Step 1: Visit ANT Mobi
Step 2: Click on Portfolio
Step 3: Click on Get xtra Margin
Step 4: Beside the ‘Pledge’ option, you will find ‘Unpledge.’
Step 5: Tick the scrip that you would like to “Unpledge.” Then click on “Unpledge.”
Step 6: Then, click on submit and follow the steps to proceed further.
Unpledged shares are typically credited back to your Demat account within one to two working days after the unpledged request is processed, although the exact timeline can vary depending on the brokerage and its procedures.
Yes, it is possible to sell pledged instruments immediately without initiating an unpledged request. However, it’s essential to consider any associated implications before proceeding.
No, an unpledge request will likely be rejected if the collateral is currently being used to support an open position. To successfully unpledge, you’ll need to either close the open position or bring in sufficient cash to cover the margin requirements of that position
No, an unpledge request will likely be rejected if the client ledger has a zero or debit balance. Therefore, the client should maintain a positive balance to have their unpledged request accepted.
Alice Blue charges ₹15 plus GST per scrip for Unpledging shares. This charge applies to each unique stock (scrip) that you unpledge, regardless of the quantity.
Here’s a breakdown:
Unpledge creation charge: ₹15 + GST (currently 18%) per scrip.
Example: If you unpledge one stock of Infosys and one stock of Reliance, you will be charged ₹15 + GST for each (₹15 + 18% of ₹15 = ₹17.70 for each).
Clearing members have pre-set limits defined by the Clearing Corporation regarding how many shares of a specific company can be pledged to them. When this limit is crossed, the pledged shares are automatically unpledged and returned to the client’s Demat Account.
