Initiating a Pledge Request with FYERS

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 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.

    • Related Articles

    • How to unpledge my holdings in FYERS?

      Unpledging your holdings with FYERS is a straightforward and online process. Here's a step-by-step guide to help you: Access the Pledge Portal: Log in to our Pledge Portal on the FYERS platform. Navigate to the 'Unpledge' Tab: Once inside the portal, ...
    • What is the maximum amount I can place per order in FYERS?

      At FYERS, the Maximum limit set is ₹4.5 crores per order. If you're trying to place an order beyond the ₹4.5 crores limit, the order will be rejected and you'll get the below error: "RED:RULE:{Single Order Value}Current:INR 82472500.00 Set:INR ...
    • What is GTT? Can I place a GTT order in FYERS?

      Good Till Trigger (GTT) is an order type where you can set a Target or Stop-Loss, remaining valid for up to one year from its placement. In essence, you determine a price to Buy or Sell a particular scrip, and this order remains active until that ...
    • Can I place BO/CO for options on the FYERS platforms?

      Certainly! FYERS platforms support the placement of BO/CO orders for Index options. Although we previously suspended BO/CO orders for the Options Segment (from 27th September 2021 to 31st January 2023), we reinstated this feature for the Index ...
    • How long does it take to unpledge holdings at FYERS?

      When you decide to unpledge your securities with FYERS, the process is straightforward. If you submit your request before 3:30 PM on a trading day, your securities will be unpledged and will reflect under the 'Holdings' section by the next trading ...