Releasing your pledged shares is a simple process that you can initiate online. However, you must consider a few factors, such as your loan account status, to be able to release your shares successfully. In this guide, we will show you how to release your pledged shares effortlessly so you can take full control of your financial assets.
Step 1: Sign into My Account
The first step to releasing your pledged shares is by signing into My Account on our app/website. Click on the "Sign-in" button, insert your registered mobile number, and submit the OTP provided. If you are on the app, navigate to the account section after logging in.
Step 2: Verify your details
After signing into your account, you will need to verify your identity with your date of birth. Once done, click on the "Proceed" button.
Step 3: Select your loan account
Under the "My Relations" section, select the loan account that is linked to your pledged shares.
Step 4: Release securities
Under the "Quick Actions" section, click on the "Release Securities" option. As the next step, you will be prompted to select the shares you wish to release.
Step 5: Verify your details
After choosing the shares you want to release, you will receive a one-time password (OTP) on your registered mobile number. Enter the OTP, then click on "Proceed" to finalise the process.
Step 6: Raise a request to release your pledged shares
Once you have verified your details, you can now raise a request to release your pledged shares. Simply follow the on-screen instructions to complete the process.
It is important to note that you can only release securities if your loan account is not under margin shortfall. This happens when the value of your securities falls below a certain limit, and you have surplus funds available to withdraw.
In conclusion, releasing your pledged shares is easy if you follow these simple steps. Make sure to take note of the necessary requirements such as your loan account status and available funds before initiating the release process.
