Pledging Of Shares

·         DEMAT securities (all securities other than government securities) can be pledged and the beneficial owner can be able to get a higher loan amount, with reduced margins and with lower rate of interest.

·         For pledging securities the pledgor and the pledgee must have beneficial owner accounts at the CSDL, the depository participants may be the same or different under CSDL.

·         Pledgor has to fill up a PLEDGE REQUEST FORM (PRF), the pledgee may countersign the PRF.

·         One copy of the PRF should be given to the DEPOSITORY PARTICIPANT and second to the pledgee.