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Margin Funding (MTF) Pay Later

Margin Funding (MTF) Pay Later

What is the process of pledging?

Pledging is mandatory process for a MTF order to be successful. If you fail to complete the pledge your order will be auto squared off on T+1 day. Once the unpledged shares are sold on T+1 day, you will not be allowed to buy the same stock in MTF for the day.

After the buy order has been placed through MTF you will be required to pledge those shares to complete the transaction.The time for the pledging process is in the evening, between 6PM to 10PM on same day as of the trade.
To complete the pledging process
1. You will receive a link on your registered mobile number and email with the link from your respective depository (NSDL, CDSL)
2. Enter PAN or Demat number details and complete the captcha.
3. check the stocks along with the quantity that is going to be pledged.
4. Enter the OTP and click on submit.

If link is not received, then you can visit icicidirect.com > Stock> Open position page. Link is provided at the bottom of the table.