Discussion
FYERS PlatformsLeveragePledge Can I pledge shares from my Demat A/C with a different broker in favor of FYERS to avail margin benefit to trade?
Can I pledge shares from my Demat A/C with a different broker in favor of FYERS to avail margin benefit to trade?
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Hey @Praveen, Yeah it's possible but kinda unnecessary. It's easier to just pledge your holdings directly from your FYERS Demat account. It saves a lot of time, effort & unnecessary hassles. Preferably, if you have holdings in your Demat account with another brokerage account, it's better to shift them to your FYERS account and pledge them through us. However, if you are unable or unwilling to do that for whatsoever reason, here's how it works:
For simplicity's sake, I recommend you avoid this process altogether and go through the standard process of pledging with us (POA Accounts). Non-POA (e-DIS) Demat account holders will not be able to pledge holdings. For more information, read this article. However, we're working on making it possible.
Hope this clarifies.
I would like to pledge securities for margin pledge this way (though for some time)..
Now can you clear some doubts running in my mind
Kindly reply ASAP.
Hi @Yashoda Bommanalli @Vanshika Singh @Vanshika Singh , Can you also let us know the procedure , to transfer the mutual funds and shares from other broker to Fyers demat account.