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Frequently Asked Questions
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Dear Customer,
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Effective from September 01, 2020, Pledge System has been mandated by SEBI. We have created a list of
frequently asked questions based on your queries to help you resolve your queries. For your convenience,
we have divided this FAQ into 3 sections.
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SECTION-1 MARGIN PLEDGE MECHANISM- SHARES AS MARGIN FACILITY
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Q1. What is new Margin Pledge model?
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As per SEBI's new guidelines, for the purpose of providing securities as margin, the existing Shares as
Margin process is getting replaced by the mandatory Margin Pledge process (via OTP authentication) in
Depository system i.e. you will have to pledge shares in favor of ICICIdirect to avail securities limit.
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Similarly, in case of buying shares under Margin Trading facility, you will have to pledge those shares
in favor of ICICIdirect to continue holding the positions under Margin Trading.
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This new process has been implemented to ensure the safety and security of your shares.
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Q2. What is the process of creating fresh pledge request in case of Shares as Margin (SAM) facility?
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A. I) For NSDL: -
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You can create a fresh pledge request by following the below steps:
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- Login into your account
- Go to Stocks -> Funds -> Shares as Margin
- Click on 'Pledge & Create Limit' and select the stock you wish to pledge
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Choose the segment you wish to pledge in.
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After placing the pledge request, you will be redirected to NSDL portal where you will have to provide OTP authentication to validate the pledge. OTP will be sent to your Mobile number and E-mail id registered with NSDL
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Once the pledge request is confirmed by NSDL, you will be getting the limits against the shares pledge on real time basis
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II) For CDSL: -
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You can create a fresh pledge request by following the below steps:
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- Login into your account
- Go to Stocks -> Funds -> Shares as Margin
- Click on Deposit/create limit and select the stock you wish to pledge
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After placing the pledge request, you will receive a link on your mobile number and email id registered with CDSL to validate the pledge
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To confirm, you will have to provide OTP authentication on that link. OTP will be sent to your Mobile number and E-mail id registered with CDSL
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Q3. What will happen if I do not select all the stocks while providing confirmation on the link received
from NSDL/CDSL?
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A. If you do not select all stocks while providing pledge confirmation, your unselected stocks will not
get pledged and therefore, the limits generated against those stocks will become zero.
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Q4. I have not received any link from NSDL/CDSL till now. How do I provide OTP confirmation for the
Pledge request?
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A. If you have neither received any link on your mobile number nor on email id from CDSL, please
check whether your correct Mobile number and E-mail id is registered with the Depositories. If your
contact details are correct and you still haven't received the link-
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Click here for the link if you have a CDSL
account
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Q5. How can I track my Pledge request?
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A. You can track your pledge request from the Request Book under Shares as Margin Section. Once your
pledge request is successfully confirmed through OTP authentication the status in the Pledge Book will
reflect as "Confirmed".
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Q6. Will there be any charge on Pledging/Un-pledging the shares?
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A: Yes, charges will be levied for Share as Margin (SAM) in accordance with depositories NSDL and CDSL.
These charges are applicable on a per-ISIN basis in each instruction.
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Type of Instruction
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Pledging Charges in Rs.
(Per ISIN in an instruction)
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Creation/Closure/Invocation
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Rs. 29 + GST
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Q7. What are Shares As Margin (SAM) Pledge timings?
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A. Below table illustrates the Pledge timings.
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Session
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Start Timing
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End Timing
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First Pledge Session
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12:00AM
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3:30PM
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Break time
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3:30PM
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5:00PM
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Second Pledge Session
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5:00PM
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9:00PM
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Break time
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9:00PM
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12:00AM
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* During Breaktimes pledging shall not be allowed
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Q8. What will happen If I place a pledge request on Weekend /Settlement Holiday/ Trading Holiday?
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A. Your pledge status will be shown as "In Process" under Status book. Once your request gets "Confirmed" from your Depository on Next trading day, Limit shall get generated against your pledged shares.
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Q9. I accidentally closed my NSDL Pledging page without OTP confirmation. What will happen to my request?
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A. In this case, your pledge request shall get "Rejected" within 30 Minutes and you will be able to pledge again with the same quantity.
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SECTION-2 PLEDGE MECHANISM - MARGIN TRADING
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Q1. Will there be any charge on Pledging/Un-pledging the shares?
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A: Yes, charges will be levied for MTF in accordance with depositories NSDL and CDSL.
These charges are applicable on a per-ISIN basis in each instruction.
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Type of Instruction
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Pledging Charges in Rs.
(Per ISIN in an instruction)
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Margin Trading Pledge : MTF Pledge
Creation/Closure/Invocation
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Rs. 25 + GST
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Q2. What will happen if I want to square off my position for which I have pledged the shares and what if
I want to convert it to delivery (CTD)?
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A: You will be able to square off your Margin Trading positions after doing EDIS mandate. In this
process, you will be required to authenticate the transaction by confirming the MPIN & OTP received from
your depository. This mandate will be valid for that day.
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e-DIS mandate can be given as follows:
On the Order Verification page, you will be
redirected to your depository e-DIS mandate page to complete two-factor authentication by entering MPIN
and OTP
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In case of CTD option, you will be able to do Convert to Delivery (CTD) for your Margin Trading position
from Open Positions page by using convert to delivery option.
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Q3. I have taken a position in Margin Trading today but I have not received any link from NSDL/CDSL till
now. What should I do?
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If you have taken a fresh position in Margin Trading, your position will be auto pledged and you will not receive any link from the Depositories.
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SECTION-3 GENERAL QUERIES
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Q1. Can I buy new stocks at ICICIdirect? How much margin or funds are required to be paid?
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A: You can buy stocks by paying full amount using normal Cash Buy product. In case of Intraday Margin
products, you can buy stocks by paying the existing applicable margins
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Q2. Is e-ATM available at ICICIdirect?
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A: Yes, if you need additional margin for your open position in Equity and F&O, you can now sell your
un-used shares and get cash in 5 minutes with our eATM facility.
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Q3. Is Buy Today Sell Tomorrow (BTST) available at ICICIdirect?
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A: Yes BTST is available.
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Q4. Is Margin broker mode and Margin Plus available for trading?
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A: Yes, they are available. However, in case of Margin Broker mode, you may use Cash margins to take
positions as Shares as Margin facility is temporarily disabled.
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Q5. What will happen to the blocked shares under Shares As Margin (SAM)?
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A: For customers who do not have any open position, their free SAM limits will be released. The
customer having open position in equity and F&O can continue to use their blocked SAM limits against any
shortfall in their open position
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Q6. How can I confirm/change my mobile and email id registered with the depository?
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A:
Please follow below process to check your existing mobile
number and email id details:
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Login to Linked ICICI Bank Internet Banking > Investments and insurance > Demat > View Personal
Details
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To change your mobile number and email with the depository, follow below process:
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Login to Linked ICICI Bank Internet Banking > Investments and insurance > Demat > Service
requests > Registration for Mobile Alerts facility
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Alternatively, customers having NSDL account can also follow below process:
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Login to ICICIdirect account > Go to Customer Service page > General Profile > Update correct
Mobile no. and E-mail id
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This process will take approximately 48 hours to update mobile number and e-mail id
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Regards,
ICICIdirect.com
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