On Rupeezy, you sell a stock held under MTF from Portfolio → MTF by tapping the position and choosing Square Off — this opens a sell order on the MTF product tab itself, with your quantity already filled in.
How do I sell (square off) a stock held under MTF?
1. Open Portfolio and go to the MTF tab.
2. Tap the position you want to sell. This opens a quick-action sheet for that holding.
3. Tap Square Off.
4. The order screen opens on the MTF tab, with Quantity pre-filled to your full holding and Price pre-filled to the current price. Adjust either if you want, then tap SELL.
What are Convert to Delivery and Add More?
The same quick-action sheet has two other actions, easy to confuse with selling:
- Convert to Delivery — moves the position out of MTF financing without selling it. See How can I convert my MTF position to Delivery on the Rupeezy app?
- Add More — buys more of the same stock under MTF, adding to the position instead of reducing it.
Does selling need a separate unpledge request?
No. MTF shares are auto-pledged, and selling automatically unpledges the quantity you're selling as part of the same transaction — no separate unpledge request needed. See Can I sell pledged securities instantly without placing an unpledge request?, which covers MTF explicitly.
What happens to the margin Rupeezy funded?
Rupeezy recovers the margin it funded from your sale proceeds first, along with the interest accrued on it, and credits you the remainder. See What is Rupeezy MTF? for a worked example of the recovery and interest math, and What is Rupeezy's MTF interest? for how the interest itself is calculated.
Which shares get sold first if I bought the same stock on different days?
Rupeezy tracks your positions on a First In, First Out (FIFO) basis — the earliest purchase is treated as sold first when working out how much margin to recover and how much interest to charge. See What is Rupeezy MTF? for worked examples across multiple purchases.
What does selling cost in pledge/unpledge charges?
Selling removes the pledge on those shares, and that unpledge is charged ₹25 + GST per pledge removed — the same rate as creating one. Your oldest pledge is removed first. Because a single MTF purchase can create two pledges (your shares can arrive from NSDL and CDSL separately), one sale can sometimes remove two pledges and cost ₹50 + GST instead of ₹25 + GST. See How are pledge and unpledge charges calculated? for the full breakdown and worked examples.
Things to keep in mind
- You still need debit authorisation for the sale, same as any Delivery sale — automatic if you have DDPI/POA active, otherwise an NSDL e-DIS OTP at the time of selling.
- This is a voluntary sell, not a forced one. If you don't act and your margin falls short, Rupeezy's RMS can square off the position for you instead — see When will Rupeezy square off my MTF position?
- Interest keeps accruing daily until the sale settles, so selling sooner reduces the interest charged. See How does brokerage affect your MTF costs? for the brokerage side of the cost.