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