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Why are pledge charges levied twice for a single transaction?
If the exchange delivers shares in two parts, pledge charges will be applied separately for each part.
Example: Riya purchases 400 shares of ABC Bank on MTF in a single order. However, the exchange delivers the shares in 2 parts:
Since the shares are delivered in 2 parts, pledge charges will be applied twice:
Example: Riya purchases 400 shares of ABC Bank on MTF in a single order. However, the exchange delivers the shares in 2 parts:
- 50 shares are received under Inter DP
- 350 shares are received under Intra DP
Since the shares are delivered in 2 parts, pledge charges will be applied twice:
- ₹21 + GST for the Inter DP shares
- ₹21 + GST for the Intra DP shares
- Total Charge: ₹42 + GST
Last updated: A Year Ago
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Pledge And Margin
How do I pledge my shares?- How do I unpledge my shares?
- What are the charges for pledge and unpledge?
- How long does it take to receive limits after pledging?
- How can I check my pledged shares?
- Can I sell shares that are pledged?
- Why have I received less margin when I pledge my shares?
- What is the margin requirement to take an intraday position?
- What is Margin? And what are the types of margin?
- How is a margin statement helpful?
