How do I pledge the shares purchased under MTF?
Shares bought under MTF must be pledged by 12:00 p.m. the settlement date (T+1) for your trade to be considered as an MTF position.
When you buy shares under MTF:
Step 1. You will receive a confirmation link (from Geojit and your depository i.e., NSDL/CDSL) to your registered mobile number and email ID. This link will be valid till the end of the business day of the depositories.
A sample of the email/ SMS is given below:
“Dear Investor, your DP GEOJIT FINANCIAL SERVICES LIMITED has initiated margin pledge from your (NSDL/ CDSL) demat account INxxxxxx xxxxxxxx. You may confirm the same by clicking on https://eservices.nsdl.com/xxxxxxxxxxxxxx”
Step 2. The link will redirect you to the NSDL/CDSL's eServices site, where you will be required to:
ii. Check the I am not a robot box > Submit
iii. Check the instruments and quantity to be pledged
iv. Submit and validate request with an OTP
- MTF pledge charge of Rs. 30 is applicable. Refer our pledge charges article.
- The purchased shares will be marked as 'Pledged' in your holdings. You can view your open MTF positions.
- If you fail to accept the request, your purchase will be treated as a regular delivery trade under the cash segment.
- In case you haven't received the margin pledge request email/ SMS, use the following link of your respective depository- NSDL / CDSL- to accept.