Do I Need to Pledge or Authorise My Holdings for MTF Trading on FYERS?
No. Manual pledge authorisation is not required for MTF holdings on FYERS. All eligible MTF positions are pledged automatically from the backend once you purchase them under the MTF product type.
How MTF Authorisation Works Now
- Automatic Pledge: Once you buy a stock under MTF, we automatically initiate the pledge process on your behalf.
- No OTP Required: You no longer need to authorise pledges manually or enter OTPs.
- Seamless Experience: This ensures uninterrupted access to MTF and prevents misclassification of positions.
For reference, review the official notice here.
You do not need to take any additional action after buying MTF stocks. The pledge is completed automatically in the background.
POA vs DDPI for MTF
You do not need a DDPI (Demat Debit and Pledge Instruction) if you have already submitted a Power of Attorney (POA).
Your POA authorises us to manage specific transactions, including debiting securities and facilitating MTF operations. DDPI is an alternative authorisation method mainly used for pledging. Since your POA already covers these functions, you do not need to submit DDPI again.
This allows you to continue using MTF services without additional documentation.
If you want to confirm whether your POA is active, check the status in your FYERS account profile or contact us. What If...
| Scenario | What You Should Know |
|---|
| You previously used OTP authorisation | OTP-based pledging has been discontinued and is not required anymore. |
| You face a margin shortfall | Ensure the stock is in the MTF eligible list and confirm that it has been pledged. If you need assistance, contact us. |
| You are unsure whether the pledge occurred | Check your holdings on the FYERS platform or verify it in the pledge ledger. |
| You only submitted POA | Your POA is sufficient to use MTF. DDPI is optional in this case. |
| You did not submit POA earlier | You will need DDPI for MTF access. The online activation steps are available here. |
| You submitted both POA and DDPI | Either authorisation works. DDPI may provide a smoother experience for pledging. |
Last updated: 18 Nov 2025
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