Can NRIs pledge shares to trade in F&O?

Can NRIs pledge shares to trade in F&O?

Yes. At FYERS, NRIs can pledge their equity holdings to generate collateral margin for Futures & Options (F&O) trading. This allows existing shares to be used to meet F&O margin requirements without selling them.

Eligibility for pledging in NRI accounts

  • An NRO Non-PIS trading account with F&O access enabled is required.
  • The shares intended for pledging must be available in the FYERS Demat account.
  • Pledged collateral can be used only for permitted segments such as Equity F&O.

Pledging flow for NRI clients

When a pledge request is placed, the shares continue to remain in the Demat account. After successful OTP-based verification through CDSL, the shares are marked as pledged and the eligible collateral margin is credited to the trading account.

  • The pledge request is sent to CDSL for authorisation.
  • After confirmation, the shares are marked as pledged.
  • Collateral value is calculated after applying the applicable haircut.
  • The collateral margin becomes available for placing or maintaining F&O positions.
  • The available collateral margin can be used for options selling and futures buying, and selling.

Placing a pledge request on FYERS

Pledging using FYERS App

  1. Open the FYERS App and go to Portfolio.
  2. Select Holdings and tap Pledge.
  3. Choose the stock and quantity to be pledged.
  4. Review the pledge details and submit the request.
  5. Complete the OTP verification sent by CDSL.

Pledging using FYERS Web

  1. Log in to https://fyers.in/web/ and navigate to Portfolio → Holdings.
  2. Select the shares and click Pledge.
  3. Confirm the quantity and submit the request.
  4. Enter the OTP received from CDSL to complete authorisation.

After pledge confirmation

  • CDSL confirms the pledge shortly after OTP verification.
  • Pledged quantity reflects under the Pledged section on the next trading day.
  • Collateral margin becomes available from the next trading day.
  • Collateral details can be tracked under My Account → Funds → Collaterals or the History tab.

Unpledging shares in NRI accounts

Unpledging can be initiated when collateral margin is no longer required. Unpledging is free of charge.

Unpledging using FYERS App

  1. Open the FYERS App and go to Portfolio.
  2. Select Holdings and switch to the Pledged tab.
  3. Choose the stock and quantity you want to unpledge.
  4. Review the unpledge details and confirm the request.
  5. Track the request status under the History tab.

Unpledging using FYERS Web

  1. Log in to https://fyers.in/web/ and navigate to Portfolio → Holdings → Pledged.
  2. Select the pledged shares and enter the quantity.
  3. Click Unpledge to submit the request.
  4. Monitor the unpledge status under the History section.
  • Unpledge requests placed before market close are processed on the next trading day.
  • Unpledging is allowed only if the pledged margin is not in use.

Operational rules and timings

  • Pledge and unpledge requests can be placed only between 9:00 AM and 3:30 PM.
  • Requests placed after market hours or on non-trading days are not accepted.
  • Pledged shares can be sold directly without unpledging.
Collateral margin is released only after successful OTP verification with CDSL. Always check pledge and unpledge status under the History tab.

What if…

ScenarioWhat you should know
OTP not receivedEnsure your mobile number and email are registered with CDSL and retry after a short wait.
Collateral margin not visibleCollateral becomes available from the next trading day after pledge confirmation.
Charges for pledgingPledging charges and other applicable fees are listed on our charges page.
Need help with pledging or F&O accessContact our support. A dedicated team is available to assist you.

Last updated: 01 Jan 2026

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