What is the process of margin pledge and re-pledge through Back Office?

: Blog; 30 May 2024; Hits: 11472

What is the process of margin pledge and re-pledge through Back Office?

In Web Back-Office

Step 1: Request your broker to pledge a specific number of securities

Go to the Back-office under Demat Stock Click on POA Margin Pledge Request.
A window with your holdings quantity will open , mention the quantity and click on save.
Once you click on save button record save successfully will display.
ProStocks team take data every two hours between 10 am to 4 pm from Monday to Friday and upload the request in CDSL Depository system.

In Mobile Back Office

Step 1: Request your broker to pledge a specific number of securities

Go to Mobile back office Click on Stock Movement tab.
A new tab in Stock Movement will open than click on Pledge Stock.
The List of the holdings will get displayed, mention the Pledge Qty in the tab and click on Save button on top.
A Pop up will be displayed to save the data where we need to click on YES and request will be submitted.

Step 2: Once your pledge request is submitted by ProStocks to Depository system, as mentioned above, the depository (CDSL in case of ProStocks) will send you a link to your registered mobile/email id . Alternatively , You may use the below given link also. https://www.cdslindia.com/Authentication/OTP.aspx?id=O

Step 3: Visit the link you have received on your registered mail ID or mobile number or you can use the link given above also directly

Step 4: Once you click the link, the authentication process starts. The link will redirect you to the CDSL web page, where you are required to verify your PAN number or Demat account number

Step 5: After verifying the details, click on generate OTP to authorise the pledge

Step 6: You will receive an OTP on your registered mail ID and mobile number

Step 7: Enter the OTP to authenticate your request on the CDSL platform. You will receive a confirmation message for your pledging margin request, and the pledge request will take a couple of hours to be activated

Note Note: NRI client will receive OTP on email and SMS on Indian mobile number, if provided. CDSL Depository does not send SMS on international number.