Why was my redemption order rejected?
There are different reasons for rejection of the redemption order. Reasons are as follows: 1. If units are under Lockin Period then you can place redemption order post completion of Lockin period. 2. If the units are under Pledge, then first you will have to unpledge the units and then place redemption order. 3. In case of Non POA rejection, POA/DDPI is mandatory for demat redemption for NSDL holders. CDSL account holders can place orders using the TPIN option.
Related Articles
Why was my redemption order rejected?
There are different reasons for rejection of the redemption order. Reasons are as follows: 1. If units are under Lock-in Period then you can place redemption order post completion of Lock-in period. 2. If the units are under Pledge, then first you ...
Why was my redemption order rejected?
There are different reasons for rejection of the redemption order. Reasons are as follows: 1. If units are under Lockin Period then you can place redemption order post completion of Lockin period. 2. If the units are under Pledge, then first you will ...
Why was my redemption order rejected?
There are different reasons for rejection of the redemption order. Reasons are as follows: 1. If units are under Lock-in Period then you can place redemption order post completion of Lock-in period. 2. If the units are under Pledge, then first you ...
Why did my order get rejected?
If an order placed by you is rejected, the reason behind the rejection can be checked in Order Book. The reasons can range from insufficient margin, incorrect order inputs, scrips not available for trading etc.
Orders rejected due to pledge units?
Most Redemption orders are rejected because units are under Pledge, so first you will have to unpledge the units and then place redemption order in T+1 working day.