Under Portfolio Report, select My Holdings and submit.
Scroll down and you can now see the complete list of your stock holding. The yellow lock sign indicates that the securities are pledged to unpledge any of the pledge securities select the three dots … given in the right side of the security
Select the unpledge option.
A pop-up window related to authorization of unpledged transaction will appear where you have to select continue and the request for unpledge will be successfully sent.
RELATED FACTS: -
If the unpledge request has been placed before 3:00 PM on a working day then it will be processed on the same day and the securities will be available for the trading on the next day.
On the other hand, if the unpledge request has been placed after 3:00 PM on a working day then it will be processed on the next working day and the securities will be available for the trading on day after tomorrow.
Pledged holdings can be sold instantly without placing an unpledge request in Jainam.
The charges for making a pledge or unpledge request is same at Jainam.
Charges of making a pledge/ unpledge request depends on the purpose for which you are pledging:-
Types of pledging
Charges for pledging/unpledging
1.Pledging for bank loan (i.e. LAS or loan) against securities
₹25 per pledge/unpledge request
2. Pledging for collateral margin
₹5 per pledge/unpledge request
3. Pledging for MTF(margin trading facility)
₹12 per pledge/unpledge request
If the unpledge request has been rejected by the team Jainam, then it will be informed with reasons personally by Jainam to the client.