Explanation of "Pledge" option in "Groww" and "Trading"
What is the charge on pledging? Pledging is free of cost on Groww. No interest is charged on your pledge margin. However, you will be charged Rs 20 + GST per script per request for unpledging the shares. For example, if you have 100 shares of TATA and 100 shares of ICICI and you unpledge it as follows: On Monday, at 1 PM: 50 shares of TATA - Rs. 20 + GST will be charged for this unpledge request On the same day at 2 PM 50 shares of TATA and 50 shares of ICICI: Rs. 40+GST will be charged for this unpledge request as there are 2 scripts, TATA and ICICI Involved. Since, 2 unpledge requests were made on Monday, both will be charged individually. What is "Pledge" on Groww? Pledge is a way to get extra margin for trading by using stocks in your holdings as collateral. To put it simply, pledging is way of taking loans against your stocks. At Groww, You can use the margin received against the pledge only to trade in F&O and Intraday. There is no interest charged in pledging. ...