₹25,000 - ₹25 Cr
Loan of up to 80% of policy value| Funding against policies under lock-in period
Overview
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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.
Charges and fees for releasing pledged shares
Understanding the charges to release pledged shares in India helps you plan your borrowing costs better and avoid surprises when closing your loan or margin position. Here are the key charges involved:
Flat unpledge transaction fee
Releasing (unpledging) shares usually attracts a fixed fee of around Rs. 20 + GST per request/per ISIN, irrespective of the number of shares.
Charged per request, not quantity
Whether you unpledge 1 share or 1,000 shares in a single request, the cost remains the same. However, multiple requests will incur multiple charges.
Depository + broker charges included
The total fee is typically split between:
- Depository (CDSL/NSDL) component
- Broker/platform fee
- Applicable GST
Automatic charges on loan closure or sale
When you repay your loan or sell pledged shares, unpledge charges may be applied automatically as part of the release process.
Applies per ISIN/scrip
Charges are levied per stock (ISIN), so unpledging multiple stocks separately increases total cost.
Broker-wise variations
While Rs. 20 + GST is common, some brokers may charge slightly lower or higher fees, so always check your broker’s pricing structure.
No hidden percentage-based cost
Unlike interest charges, this is a fixed transactional cost, not linked to the value of shares pledged.
In summary, the release pledged shares cost in India is relatively low and predictable, but it can add up if you frequently pledge and unpledge multiple securities.
Conclusion
How to Secure a Rs. 2 Crore Loan Against Securities Instantly
Releasing pledged shares is a quick and seamless online process, provided your loan account is healthy and free from margin shortfall. By understanding the steps and the charges to release pledged shares in India, you can manage your investments efficiently while keeping costs predictable and under control.
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Frequently asked questions
General
How long does it take to release pledged shares after submitting a request?
Requests submitted before 3:30 PM are generally processed for the next trading day; requests after 3:30 PM are processed the day after next.
Can I partially unpledge my shares, or do I have to release all at once?
Yes, partial unpledging is allowed up to the extent of unused collateral. Bajaj Finance permits release subject to available collateral.
What is the charge for releasing pledged shares in India?
The release charge is approximately Rs. 20 + GST per ISIN. It is a fixed fee, not a percentage of the shares’ value.
Can I unpledge shares after repaying my loan?
Yes, you can unpledge shares once the loan is fully repaid and your account shows zero outstanding. Bajaj Finance users can apply through OTP-based authentication.
Why was my unpledge request rejected?
An unpledge request may be rejected when pledged collateral supports active margin positions or a negative balance exists. Square off positions or deposit funds to resolve it.
What is margin shortfall and how does it affect unpledging?
A margin shortfall occurs when pledged securities fall below the required collateral value. Until the shortfall is resolved, unpledging may remain unavailable.
How do I know if my shares have been successfully released?
Your shares are successfully released when your demat account shows the holding as unpledged on the applicable date. Check your Bajaj Finance app using OTP login.
How long does it take to release pledged shares after submitting a request?
Requests submitted before 3:30 PM are generally processed for the next trading day, while requests submitted after 3:30 PM are processed for the day after next.
Disclaimer
1. Bajaj Finance Limited (“BFL”) is a Non-Banking Finance Company(BAJAJ FINANCE) and Prepaid Payment Instrument Issuer offering financial services viz., loans, deposits, Bajaj Pay Wallet, Bajaj Pay UPI, bill payments and third-party wealth management products. The details mentioned in the respective product/ service document shall prevail in case of any inconsistency with respect to the information referring to BFL products and services on this page.
2. All other information, such as, the images, facts, statistics etc. (“information”) that are in addition to the details mentioned in the BFL’s product/ service document and which are being displayed on this page only depicts the summary of the information sourced from the public domain. The said information is neither owned by BFL nor it is to the exclusive knowledge of BFL. There may be inadvertent inaccuracies or typographical errors or delays in updating the said information. Hence, users are advised to independently exercise diligence by verifying complete information, including by consulting experts, if any. Users shall be the sole owner of the decision taken, if any, about suitability of the same.