Pledging means locking your shares as security; unpledging means unlocking them. You are charged ₹25 + GST each time a pledge is created and ₹25 + GST each time it is removed. This page explains why you sometimes see this charge more than once.
What am I being charged for?
You pay ₹25 + GST for every pledge on your shares:
- once when the pledge is created (your shares are locked), and
- once when the pledge is removed (your shares are unlocked, usually when you sell).
Sometimes your shares are split into two or more separate pledges. When that happens, each pledge is charged ₹25 + GST on its own, so you may see the charge more than once. The next section explains when this happens.
Why might I have more than one pledge?
Your shares can be locked as separate pledges in two situations:
- You pledged on different days. Shares locked on one day and shares locked on another day count as separate pledges.
- Your shares came from two places (MTF and T+5 only). In India, shares are stored in two systems — NSDL and CDSL. When you buy under MTF or T+5, your shares are locked automatically. If some shares came from NSDL and some from CDSL, that becomes two pledges. Your shares come from whoever sold them in the market, so Rupeezy has no control over which system they arrive from — it depends entirely on the seller.
For a normal margin pledge against your holdings, you pledge the shares yourself, so this NSDL/CDSL split does not happen — you get one pledge each time you pledge.
Example: You buy 100 shares under MTF. 40 come from NSDL and 60 come from CDSL. That creates 2 pledges, so the charge is 2 × ₹25 + GST = ₹50 + GST.
What happens to the charge when I sell?
When you sell, your oldest pledge is removed first. You pay ₹25 + GST for each pledge that is removed that day.
Say you have two pledges — Pledge A (older) and Pledge B (newer):
- Day 1 — you sell a little. Only Pledge A is touched → ₹25 + GST.
- Day 2 — you sell more. The rest of Pledge A and part of Pledge B are touched → 2 pledges → ₹50 + GST.
- Day 3 — you sell the rest. Only Pledge B is touched → ₹25 + GST.
Does it work the same for every product?
Mostly, yes. For every pledged product — MTF, T+5, and margin pledge against your holdings — selling your shares removes the pledge, and you are charged ₹25 + GST for each pledge removed.
The only real difference is how the pledge is created:
| Product | How shares get pledged | Can one purchase create 2 pledges (NSDL + CDSL)? |
|---|---|---|
| MTF | Automatically, when you buy | Yes |
| T+5 | Automatically, when you buy | Yes |
| Margin pledge against your holdings | You pledge them yourself | No |
Can the same pledge be charged more than once in a day? Usually no — a pledge is removed once, so you pay the charge once. On very busy, high-volume market days, shares are sometimes released in more than one batch, and each release is charged. This is uncommon, and the number of charges on such days can vary.
Where can I see all the charges?
For the complete list of charges, see the Rupeezy pricing page.