How can I place a pledge request in FYERS?

Easily pledge your NSE Approved Securities and Mutual funds online using OTP with us. Here's a step-by-step guide to assist you:The step-by-step procedure of the same is as below:

1. Accessing Pledge Portal: Visit pledge.fyers.in and log in using your FYERS credentials. If you're already logged into Fyers Web, you'll be automatically signed in. On your dashboard, your assets are categorised into 'Equity Holdings' and 'Mutual Funds Holdings'.

1. Selecting Assets for Pledge: Locate the 'Pledge' button next to the Symbol/Scrip name you intend to pledge. Input the number of units and submit. For instance, if you're pledging 'Yes Bank', simply enter the desired quantity.

In this case, 1 Quantity of Yes Bank has been entered.

1. Authorize at CDSL: You'll be directed to CDSL's authentication page. Enter the OTP sent to your registered mobile number or email address and click 'Verify'.

1. Confirmation of Pledge: Upon successful verification, you'll be provided a confirmation with a unique Reference ID.

1. View Pending Requests: Your recent pledge request will be under the 'Pending Requests' tab until CDSL confirms, which typically takes around 10 minutes.
   

1. Finalizing Pledge: Once approved by CDSL, the pledged units will appear in the 'Pledged Quantity'. The corresponding pledge margin will be credited to your trading account by the next trading day.

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