How can I pledge and unpledge, and what are the charges in FYERS?
Pledging lets you use eligible holdings in your demat account as collateral without selling them. In FYERS, you can pledge eligible stocks from FYERS Web or FYERS App and receive collateral margin after successful CDSL OTP verification.
You can also unpledge eligible pledged holdings when you no longer need the collateral margin, provided the collateral margin is not being used for open positions.
Pledge and Unpledge Charges
Each pledge or unpledge instruction has the following charges:
| Transaction | Charge |
|---|
| Pledge Request | ₹5 |
| Unpledge Request | ₹0 |
Pledge stocks on FYERS App
- Open the FYERS App.
- Go to Portfolio → Holdings.
- Tap Pledge.
- Select the stock or stocks you want to pledge.
- Enter the quantity.
- Tap Pledge.
- Review the details on the Pledge Confirmation screen.
- Tap Submit to begin CDSL verification.
- Enter the OTP sent to your registered mobile number or email to complete the pledge request.
Note: ₹5 is charged per pledge request.
Pledge stocks on FYERS Web
- Log in to FYERS Web.
- Go to Portfolio → Holdings → Pledge.
- Select the stock or stocks you want to pledge.
- Enter the quantity.
- Click Pledge Holdings.
- Review the details on the confirmation screen.
- Click Submit to begin CDSL authorisation.
- Enter the OTP to complete verification.
After pledging
After you complete OTP verification with CDSL:
- CDSL usually confirms the pledge status within about 10 minutes.
- Collateral margin reflects after successful OTP verification.
- The collateral margin can be used on the same trading day.
- The pledged quantity appears under the Pledged tab on the next trading day.
- You can track the pledge request status from the History tab.
Unpledge stocks on FYERS App
- Open the FYERS App.
- Go to Portfolio → Holdings → Pledged.
- Select the stock or stocks you want to unpledge.
- Tap Unpledge.
- Review the details on the Unpledge Confirmation screen.
- Tap Confirm.
- The Unpledge Initiated screen will show the request details and indicate when the collateral will be removed.
- Track the request status from the History tab.
Note: Unpledging is free of charge.
Unpledge stocks on FYERS Web
- Log in to FYERS Web.
- Go to Portfolio → Holdings → Pledge → Pledged.
- Select the stock or stocks you want to unpledge.
- Enter the quantity.
- Click Unpledge holdings.
- Track the request status from the History tab.
Important rules and timings
- Pledge requests can be placed between 9:00 AM and 6:00 PM on trading days.
- Unpledge requests can be placed between 9:00 AM and 3:30 PM on trading days.
- Requests cannot be placed outside the applicable timings, on weekends, or on trading holidays.
- You do not need to unpledge holdings to sell them. Pledged shares can be sold directly.
- Unpledging is allowed only for unused pledged margin. If the collateral margin is already being used, add funds or square off open positions before placing an unpledge request.
- Collateral is released only after the unpledge request is processed successfully.
- You can track pledge and unpledge request statuses from the History tab.
Pledge and unpledge requests can be placed only during the applicable request windows on trading days.
What if?
| Scenario | What you can do |
|---|
| I did not receive the OTP | Ensure your mobile number and email ID are registered with CDSL. Wait for a few minutes and try again. |
| Pledge status shows Pending | The OTP step may not have been completed successfully. Reinitiate the pledge request and complete CDSL OTP verification. |
| I want to unpledge shares later | Use the Unpledge tab in FYERS App or FYERS Web and submit the request between 9:00 AM and 3:30 PM on a trading day. |
| Collateral margin is not visible yet | Collateral margin reflects after successful pledging and CDSL OTP verification. You can check the status from the History tab. |
| If I buy pledgeable stocks today, when can I pledge them? | They become available for pledging on T+2 day after the purchase trade date. |
| I am unable to unpledge holdings | Check whether the collateral margin is being used for open positions. If it is being used, add funds or square off positions before placing the unpledge request. |
| I want to sell pledged shares | You do not need to unpledge them first. Pledged shares can be sold directly. |
Last updated: 17 Jun 2026
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