Can an NRI pledge shares to trade in F&O with FYERS?
Yes, if you’re an NRI trading F&O with FYERS through a custodial arrangement with Orbis Financial, you can pledge your Demat holdings to receive trading margins. While pledging isn't handled directly on FYERS platforms, the process is supported via a third-party route in coordination with Orbis.
Is pledging done within FYERS?
No, pledging is handled externally when using a custodial setup like Orbis Financial. FYERS updates your margin once it receives the margin file from Orbis confirming the pledged securities.
How Orbis-Based Pledging Works
- Shares remain in your Demat account
- Pledged in favour of Orbis Financial Corporation Ltd.
- Orbis sends a margin file to FYERS
- FYERS updates your F&O margin based on this file
- Pledged shares do not appear on the FYERS platform
How to Pledge Shares via Orbis Financial
- Prepare Required Information:
- Your FYERS Demat account number
- ISIN(s) and estimated value of shares
- Fill the Pledge Request Form (PRF):
- Leave PRF Number and Date blank
- Enter your Demat and personal details
- Get Orbis’ Demat account details
- Include ISIN, company name, quantity, and pledge value
- Sign as per FYERS account records
- Submit the PRF to FYERS
- Post-Submission Process:
- FYERS issues an acknowledgment letter
- You forward it to Orbis
- Orbis re-pledges and sends limit file to FYERS
Where to Get Pledgee Details
Email [email protected] or [email protected] for Orbis account details and agreement number.
What If Something Goes Wrong?
| Issue | Resolution |
|---|
| PRF rejected | Check for missing or incorrect fields/signatures |
| Shares not visible on FYERS | Expected – they remain in Demat but won’t reflect on the platform |
| Margin not updated | Follow up with Orbis; wait for margin file dispatch |
Last updated: 02 Jun 2025
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