Do I Need to Pledge/Authorise My MTF Holdings?
No. Manual pledge authorisation is no longer required for MTF holdings on FYERS. All eligible MTF positions are automatically pledged by the system from the backend.
How MTF Authorisation Works Now
- Automatic Pledge:
Once you buy a stock under the MTF product type, FYERS will automatically initiate the pledge process on your behalf. - No OTP Required:
You are no longer required to enter an OTP between 4:00 PM and 9:00 PM. - Seamless Experience:
This update ensures uninterrupted access to MTF while reducing manual steps and avoiding misclassification of positions.
What If...
| Scenario | What You Should Know |
|---|
| You previously used OTP authorisation | The OTP process has been discontinued and is no longer necessary. |
| You face a margin shortfall | Ensure the stock is in the MTF eligible list and that the system has pledged it. If still in doubt, contact our support team. |
| You're unsure if the pledge occurred | Check your holdings in the FYERS platform or verify in the pledge ledger. |
For official reference, see the announcement here.
Tip: You don’t need to take any extra action after buying MTF stocks—pledge happens automatically in the background.
Last updated: 02 Sep 2025
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