Pledge (37)

What happens if I sell more than my free quantity?

You can sell your shares whether in free or pledged state without any worries. If your sell quantity exceeds your free (unpledged) holdings, the sell order will still be executed without placing any additional unpledge request. The portion of pledged shares that you sold will be unpledged by our team at 6:00 pm and the sell margin will be added to your account on the next trading day. 

Example

You have 100 shares: 60 pledged, 40 free. You sell 70 shares.

• All 70 shares get sold instantly at the price mentioned by you

• 40 free shares are sold immediately and margin is added to your balance

• 30 pledged shares will be unpledged at EOD by our team and margin will be available on the next trading

• Our team unpledges the required quantity at end of day (around 6 PM)

• Unpledge charges apply (₹15 + GST)