Can NRIs pledge shares to trade in F&O?
NRIs trading in the Futures & Options (F&O) segment through FYERS using a custodial setup with Orbis Financial Corporation Ltd can pledge shares to obtain margin for trading. The pledging process is handled externally via Orbis and is not performed within FYERS trading platforms.
Orbis-based pledging workflow
- Shares remain in your Demat account and are pledged in favour of Orbis Financial Corporation Ltd.
- Orbis sends a margin confirmation (limit) file to us.
- We update your available F&O margin based on this file.
- Pledged shares will not be visible on the FYERS trading platform.
Pledging process via Orbis Financial
- Prepare required information: FYERS Demat account number; ISIN(s) and approximate share value.
- Fill the Pledge Request Form (PRF): Leave PRF Number and Date blank; enter personal and Demat details; add Orbis Demat details; fill ISIN, company name, quantity, pledge value; mention pledge reason; include PAN of the ultimate lender; sign as per FYERS records.
- Submit PRF to FYERS: We will issue an acknowledgement letter; forward this to Orbis for re‑pledging.
- Post‑submission: Orbis sends a limit file to us; we update your trading margin accordingly.
Pledgee details for Orbis Financial
Email [email protected] or [email protected] to obtain Orbis account details and agreement number.
What if…
| Issue | Resolution |
|---|
| PRF is rejected | Ensure all fields are complete and the signature matches FYERS records. |
| Shares don’t appear on FYERS | This is expected—pledged shares remain in your Demat and are tracked by Orbis. |
| Margin isn’t updated | Wait for Orbis to dispatch the margin file; contact them if delays continue. |
Last updated: 13 Aug 2025
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