How can I place a pledge request on MyGeojit?
* Only clients with PoA/DDPI authorised accounts will be able to place a margin pledge request online through MyGeojit or by calling a branch/customer care.
* Non-PoA/DDPI clients will have to do so by submitting a Pledge/Unpledge Form at our branch
To place a margin pledge request through MyGeojit: Step 1. Log in to MyGeojit and go to Pledge
Step 2. Select the securities you wish to pledge and enter the Pledge Qty > Save
Step 3. On verification of approved instruments that can be pledged and validation of your holdings, a request will be sent to the concerned depository (NSDL/CDSL).
Step 4. Post depository approval, you will be sent a confirmation link (from Geojit and your depository) 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”
The link will redirect you to the NSDL/CDSL 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 the request with an OTP
In case you haven't received the margin pledge request email/SMS, use the following link of your respective depository- NSDL / CDSL- to accept.
You are not required to unpledge securities to sell them; you can directly place a sell order. Geojit will release the pledge and deliver the necessary securities to the exchange.