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.
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
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.
