Knowledge Base

The SEBI circular dated 25/02/2020 has made it compulsory for the Clients to authenticate their pledge and unpledge transactions through the Depository. CDSL is the associated Depository in the case of Samco Securities. Thus, henceforth all pledge and unpledge transactions under the StockPlus Category will require an additional OTP verification process through the Depository – CDSL. Limits against your shares would be provided only if the below process is completed.

Now let’s understand the process to pledge your shares with Samco under the Margin Against Share – StockPlus category is as follows:

Placing Pledge request through your Back Office Portal – SAMCO Star. From the Holdings tab, you need to click on the button “Pledge” against the shares.

Step 1: First visit star.samco.in

Step 2: Select the stock you want to pledge from your holding and click on pledge on the right side of the stock you want to pledge.

Step 3: Select any of the mentioned fields. For now we are selecting YOB (Year of Birth)

Step 4: Enter the number of the quantity you want to pledge and click on Pledge.

Step 5: Then you will be redirected to the CDSL page, enter the transactional OTP, and click on Verify.

Step 6: Congratulation! You have successfully pledged your shares.

Now let’s understand the process of un-pledging your shares with Samco:

There are two Options:

1. Instant Unpledge and sell
2. Normal Unpledge (TAT 24 Hrs)

Instant Unpledge and Sell:

1. Login to Samco Star BackOffice
2. Select the stock you want to un-pledge from your holding and click on un-pledge on the right side of the stock you want to pledge.
3. Enter the OTP and click on submit.

Normal Unpledge (TAT 24 Hrs)

1. Login to Samco Star BackOffice
2. Select the stock you want to unpledge from your holding and click on unpledge on the right side of the stock you want to pledge.
3. Select any of the mentioned fields. For now, we are selecting YOB (Year of Birth)
4. Enter the number of the quantity you want to pledge and click on unpledge.
5. Your un-pledge request is sent.

If you’re an E-Samco client (client without active POA or DDPI), you will be first redirected to the CDSL E-DIS portal where you’ll need to authenticate the E-DIS request, and only then instant Un-pledge request be accepted.

Note:

1. If you’ve performed the E-DIS process for a particular stock, you will not be allowed to pledge the shares for the day. You’ll see the following disclaimer: “Since you have already entered an E-DIS sale request with CDSL, a Pledge request will not be allowed today. Kindly try pledging tomorrow.”
2. Only clear holdings are to be allowed for E-DIS. Eg: If you have 100 shares of Reliance and you pledge 20 shares of Reliance under StockPlus, you would be allowed to perform E-Dis for the balance quantity of 80 only.

Hope this blog was helpful for you to make the correct decision.
To understand this process better, you can request support by raising a ticket or contacting us on our helpline number 022-2222-7777.

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