Share pledging is the process in which you block the value of shares and transfer to the demat account through Delivery Instruction Slips (DIS) in order to take loans against pledged shares from respective bank.

Important points to remember:

  • Once it is pledged, shares will not be shown in holding and hence cannot be sold.
  • During the period of pledge, you will continue to receive dividends, bonus etc.
  • Share Pledge Charges will be applicable and deducted from your trading account.

Process to Pledge Shares:

To pledge any scrips, you would require to send your request to [email protected]. We will courier you pledge form as there is unique number assigned to each Pledge Request Form (PRF). You need to fill in the form and courier back to us to our corporate office address mentioned below.

VNS Finance & capital Services Ltd.

A-401/402, Mangalya Building,

Opp: Marol Fire Brigade,

Marol Maroshi Road, Andheri(E),

Mumbai – 400 059

Please note that you can request for maximum of 4 scrip in a single form to pledge your shares. Kindly inform us the number of scrips that you want to pledge so that we can send you the form accordingly. You would also receive an acknowledge copy to your registered email ID that consists of the pledge reference number and the number of scrips that have pledged.

 

Comments

  1. Bhushan

    Except TSO every other broker appears to do this process with online back office system. Please make most office courier requirements online enabled through back office.

    1. Trade Smart Online Article Author

      Hi Bhushan,
      Seems you got confused. We do provide online pledging of shares through our back office BOX. You are required to courier DIS for pledging shares only when you pledge shares for taking loan from bank etc… And not for getting higher exposure in the trading account that you have with us. Please refer our Margin Against Shares article for more information.

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