General

What happens to the securities on revocation of pledge?

A separate request is created to initiate the revocation of the pledge(s). The status of this request can be tracked in the 'Status Book' sub-link under the 'Shares as Margin 'link in the F&O and Equity section. However, the quantity revoked is immediately reduced from 'Quantity' in the 'Pledged Securities' page in the F&O and Equity section. As a result, the securities limit also reduces. Multiple pledge revocation may have to be initiated in case separate pledge order nos. by the Depository as a result of pledges being created at various points of time earlier. Once revocation is initiated (i.e. the status changes from 'Requested' to 'In Process' status), the same appear(s) in the 'Status Book' sub-link under the 'Shares as Margin' page in the F&O and Equity section. Here, you can view the final status of the pledge closure(s) initiated. Once, the pledge closure(s) are completed, the quantity closed will reflect as free balance in your demat account. The withdrawn securities will be available for sale or transfer on the next day of the withdrawal.