Can I sell my shares after pledging at FYERS?
Yes, you can sell your pledged shares at FYERS, effective from 1st December 2024. Even though pledge and unpledge requests are processed only at the end of the day (EOD), FYERS allows you to sell pledged holdings in the interim.
When you sell pledged shares, the corresponding margin that was released from them will be adjusted back from your trading account. This ensures smooth settlement while giving you flexibility in managing your holdings.
How share sales are prioritised
When you place a sell order, FYERS follows this order of priority to decide which shares are sold first:
- Free quantity (unpledged shares available for trading)
- Newly pledged quantity (pledge request raised on the same day)
- Pledged quantity (already collateralised shares)
- T1 holdings (shares bought but not yet settled)
This sequence ensures free and T1 quantities are used up first before pledged shares are liquidated.
Example Scenarios
- Selling after unpledge request: If you submit an unpledge request but also sell the same quantity of shares, the sale will still go through. The system processes both the sale and the unpledge together at EOD.
- Partial unpledging: If you unpledge part of your holdings and also sell some of them, both actions will be reconciled at EOD.
- Pending pledge request: You can sell shares even if you’ve just submitted a pledge request for them. The pledge request will be automatically cancelled for the sold quantity.
For more details on how to unpledge, refer to this step-by-step unpledging guide.
Points to Remember
- Selling pledged shares releases the corresponding collateral margin.
- Pledge and unpledge requests are not real-time and are processed at EOD.
- Free and T1 holdings are sold first before pledged quantities are considered.
- You can manage your pledged holdings efficiently without waiting for unpledge completion.
What if?
| Scenario | What you can do |
|---|
| I submitted an unpledge request but sold the shares too | No action needed. Both requests are processed at EOD — the system adjusts automatically. |
| I placed a pledge request but sold the shares before EOD | The pledge request will be automatically cancelled for the sold quantity. |
| I want to sell pledged shares without waiting for unpledge | You can sell them directly — no need to wait. The system handles margin reversal and settlement. |
| I sold both free and pledged shares. Which gets sold first? | Free shares are always sold first, followed by pledged and T1 holdings as per FYERS’ priority order. |
Last updated: 12 Sep 2025
Related Articles
When Can I Access the Funds After Settling My Trades and Selling Shares?
When you sell stocks or close open positions on FYERS, the proceeds aren’t immediately eligible for withdrawal. The funds become withdrawable only after the T+1 settlement cycle, which is one trading day after the transaction date. Understanding ...
How can I pledge and unpledge in FYERS (Web & App)?
Pledging in FYERS lets you unlock collateral margin from your existing holdings without selling them. This margin can be used for derivative trading or to meet margin requirements. You can also unpledge holdings later when the collateral is no longer ...
How do I authorise my holdings before selling in FYERS?
To sell delivery holdings on FYERS, you must authorise the sell quantity using your TPIN and an OTP verification. You can authorise while placing a sell order or pre-authorise from Holdings > Authorisation. This guide covers FYERS App, FYERS Web, and ...
Which Mutual Funds Are Eligible for Pledging in FYERS?
FYERS allows you to pledge select mutual fund schemes to receive collateral margins for trading in the Futures & Options (F&O) segment—without having to sell your investments. These collateral margins can be used for intraday, positional, or hedging ...
How to sell my holdings?
The Holdings section lets you manage your existing stocks and ETFs in one place. From here, you can sell fully or partially, buy more, set GTT (Good Till Triggered) orders, or create price alerts. This guide explains how to sell on both FYERS Web and ...