How client can Unpledge shares?
You can unpledge stock to increase margin by following the steps;
Through IIFL Mobile app:-
- Login to the mobile app
- Click on Funds section available at the bottom of the screen
- Click on ""Increase your margin by"" link below the ""Available Margin""
- Select the stocks that you want to Unpledge.
- Click on Submit request
- An OTP will be sent on your registered mobile number & email ID
- Enter the OTP on the CDSL or NSDL page to approve the pledge
- Once the pledge request is approved, margin will be provided against the pledged stock within 5 minutes.
Through TTweb:-
- Log in to https://markets.iiflcapital.com/home
- Click on Holdings
- Click on pledge
- Then client can find a section "Unpledge"
- Select the stocks that you want to Unpledge.